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DiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… of interest standards.” Funston Advisory Services (FAS), who conducted the review, repeatedly warned, however, that existing constraints on the Fund’s staffing and compensation could have current and future … period entirely under the leadership of CIO Vicki Fuller, who joined the Fund in 2012. The report credits Fuller with …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingPatient Safety Center Activities and Handling of Revenues (Follow-Up)
… Activities and Handling of Revenues (Report 2019-S-15 ). About the Program The Patient Health Information and Quality … account. As of July 2023, the PSC account balance totaled about $6.3 million. The objective of our initial audit, …
https://www.osc.ny.gov/state-agencies/audits/2024/01/03/patient-safety-center-activities-and-handling-revenues-followComptroller DiNapoli Announces $50 Million Toward Small Business Relief, Job Retention
… package included an additional $310 billion for the PPP. About the New York State Common Retirement Fund The New York …
https://www.osc.ny.gov/press/releases/2020/04/comptroller-dinapoli-announces-50-million-toward-small-business-relief-job-retentionScience Academies of New York Charter Schools – Purchase versus Lease of Buildings (2017M-279)
… of leasing versus purchasing buildings to ensure the best interests of SANY are met. The Board should explore …
https://www.osc.ny.gov/local-government/audits/charter-school/2018/03/30/science-academies-new-york-charter-schools-purchase-versus-lease-buildingsFishers Island Waste Management District -- Purchasing (2015M-292)
… purchasing policy does not require the use of competitive bidding for any purchases. District officials did not always … to ensure it is in compliance with statutory competitive bidding rules. Comply with the purchasing policy and statutory competitive bidding requirements. Document the reason for awarding a …
https://www.osc.ny.gov/local-government/audits/district/2016/01/29/fishers-island-waste-management-district-purchasing-2015m-292U-Crest Fire District #4 – Travel Expenditures (2017M-35)
… (GSA). Of $39,700 in lodging transactions for 10 overnight trips, the District potentially could have saved … including hotel reservations, in advance to obtain the best possible lodging rates. … UCrest Fire District 4 Travel …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/04/26/u-crest-fire-district-4-travel-expenditures-2017m-35DiNapoli: Guess Inc. Agrees to Report on Workplace Safety, Environmental Risks
New York State Comptroller Thomas P DiNapoli today announced that clothingmaker Guess Inc has agreed to disclose its efforts to mitigate a variety of risks including workplace safety and environmental risks in its supply chain
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-guess-inc-agrees-report-workplace-safety-environmental-risksAccounts Payable Advisory No. 47
… has a classification as a “procurement supplier” in the NYS vendor file. This policy, subject exceptions, is applicable regardless of whether the agency intends to pay the vendor with a check, electronic payment (ACH) or with … are not captured on the year-to-date and life-to-date amounts on the contract. Please refer to Chapter XI-A, …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/47-purchase-orders-and-procurement-card-useManchester-Shortsville Central School District – Instructional Complex Capital Improvement Project (2021M-103)
… or have assurance that officials obtained services at the best cost. Officials added another project phase totaling …
https://www.osc.ny.gov/local-government/audits/school-district/2021/10/01/manchester-shortsville-central-school-district-instructional-complexFinancial Outlook for the Metropolitan Transportation Authority
One year ago, the Metropolitan Transportation Authority’s (MTA) finances were in the best condition in years with all five years of its financial plan balanced as a result of new revenues approved by the State fiscal year 2023-24 enacted budget.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-17-2025.pdfDiNapoli: Employer Contribution Rates Stable for State Fiscal Year 2019-2020
… About the New York State Common Retirement Fund The New York …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-employer-contribution-rates-stable-state-fiscal-year-2019-2020DiNapoli: Tax Exemptions Jump While Job Gains Slow for IDA Projects
… pace,” said DiNapoli. “IDAs can be an important catalyst for economic development in our state, but I urge local … of taxes, leaving the total net exemptions for the year at $660 million – an increase of $105 million, … audits have noted IDAs performing effectively and using best practices, there continue to be deficiencies related to …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-tax-exemptions-jump-while-job-gains-slow-ida-projectsDiNapoli Announces Fiscal Stress Scores
… by the pandemic.” In this latest round, the city of Poughkeepsie (fiscal stress score of 78.3), the city of … difficult mid-year 2020 budget decisions about how best to meet their community’s service needs with reduced or less … Monitoring System Municipalities: Fiscal Year 2020 Results Track state and local government spending at Open Book New …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-announces-fiscal-stress-scoresDiNapoli Audit: OGS Veteran-Owned Business Program Off to Good Start
… comprehensive statewide plan for implementation, according to an audit released today by State Comptroller Thomas P. … plan that includes milestones and participation goals to help ensure this worthwhile program continues on the right path. OGS leadership and the SDVOB Division are to be commended for effectively making this important …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-audit-ogs-veteran-owned-business-program-good-startTown of Middleburgh – Claims Audit Process (2023M-56)
audit town middleburgh
https://www.osc.ny.gov/local-government/audits/town/2023/07/07/town-middleburgh-claims-audit-process-2023m-56DiNapoli: State Pension Fund Adds $350 Million to Investment Funds Geared to New York Companies
… Program, State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today. “The In-State Program has … system members and their beneficiaries that rely on the pension fund for their retirement security,” DiNapoli said. … and industry. The companies are generally valued between $10 million and $1 billion . The In-State Program is the …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-state-pension-fund-adds-350-million-investment-funds-geared-new-york-companiesState Comptroller DiNapoli Releases Audits
… the dentists billed in relation to the hours their offices were open. In addition, the dentists paid staff to recruit Medicaid recipients to their offices. In a follow-up, auditors determined DOH made …
https://www.osc.ny.gov/press/releases/2016/01/state-comptroller-dinapoli-releases-auditsNYS Comptroller DiNapoli Files Suit Against Wynn Resorts' Board of Directors
… that, as Trustee of the New York State Common Retirement Fund, he has filed a legal action against officers and … latest, March 28, 2016, when those allegations surfaced in litigation involving the company and Elaine Wynn (former …
https://www.osc.ny.gov/press/releases/2018/02/nys-comptroller-dinapoli-files-suit-against-wynn-resorts-board-directorsDiNapoli Calls on Twitter & Other Major Corporations to Take Action on Political Spending Transparency
… Twitter Inc., DISH Network Corp., The Progressive Corp., Royal Caribbean Cruises Ltd., Las Vegas Sands Corp., Ulta Beauty … their political spending. At Duke Energy Corp. (52%) and Royal Caribbean Cruises Ltd. (53%), the fund’s political …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-calls-twitter-other-major-corporations-take-action-political-spending-transparencyDiNapoli: FirstEnergy Corp. Agrees to Disclose Its Political Spending
… The New York State Common Retirement Fund (Fund) has reached an agreement with Ohio-based utility … can backfire and harm a company’s reputation, create litigation risks and impact shareholder value. During the … requested data. … The New York State Common Retirement Fund Fund has reached an agreement with Ohiobased utility …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-firstenergy-corp-agrees-disclose-its-political-spending