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DiNapoli: New York's March 31 Cash Standing Above Projections, but Faces Significant Shortfall in Weeks

… According to a report released today by State Comptroller Thomas P. … out the state fiscal year on March 31 with cash-on-hand in the General Fund of $8.9 billion, or $2.4 billion above … will face cash flow challenges as soon as next month due to billions in state aid payments for health and education, …

https://www.osc.ny.gov/press/releases/2020/04/dinapoli-new-yorks-march-31-cash-standing-above-projections-faces-significant-shortfall-weeks

Government-Wide Financial Data – 2023 Financial Condition Report

… Government-wide financial statements provide a long-term view of finances. They record revenues and expenses when the … see the Statistical Section of the Annual Comprehensive Financial Report (ACFR) (Net Position by Component, Changes … Governmentwide financial statements provide a longterm view of finances …

https://www.osc.ny.gov/reports/finance/2023-fcr/government-wide-financial-data

DiNapoli: State Pension Fund Valued at $233.2 Billion at End of Second Quarter

… State Common Retirement Fund (Fund) was $233.2 billion at the end of the second quarter of the state’s fiscal year. … York State Common Retirement Fund Fund was $2332 billion at the end of the second quarter of the states fiscal year …

https://www.osc.ny.gov/press/releases/2022/11/dinapoli-state-pension-fund-valued-2332-billion-end-second-quarter

NY State Comptroller DiNapoli Statement on Pension Fund's Ranking as Top U.S. Investor Battling Climate Risk

… New York State Common Retirement Fund as the number one U.S. pension fund, and the third globally, for its work to … fail to take the steps necessary to adapt to the changing world. Those of us who are working to make the Paris … and appreciated." AODP annually rates the world’s largest institutional investors based on their response to …

https://www.osc.ny.gov/press/releases/2018/09/ny-state-comptroller-dinapoli-statement-pension-funds-ranking-top-us-investor-battling-climate-risk

Comptroller DiNapoli Releases Municipal Audits

… $169,000 were a proper use of district money. In addition, travel and car rental costs of approximately $58,000 were not … minimized. Had the supervisor invested available funds in a financial institution with higher available interest …

https://www.osc.ny.gov/press/releases/2019/09/comptroller-dinapoli-releases-municipal-audits

DiNapoli Announces Victory in Shareholder Rights Lawsuit Against BJ's Wholesale

… New York State Comptroller Thomas P. DiNapoli, Trustee of the New York … ruled in a shareholder proponent’s favor since the SEC’s recent change in policy, and establishes that companies … beyond. The Fund’s shareholder proposal, submitted under SEC Rule 14a-8, sought “an assessment of risks of …

https://www.osc.ny.gov/press/releases/2026/04/dinapoli-announces-victory-shareholder-rights-lawsuit-against-bjs-wholesale

DiNapoli: Proposed Budget Holds the Line on Spending, Gives Executive Wider Discretion

… was enacted in March 2014. The Division of the Budget (DOB) projects spending from State Operating Funds in the next … increase under the Executive's proposal by 3.1 percent. DOB projects budget surpluses in future years, resulting in … Based on projections of revenues and disbursements by DOB, and excluding the unspecified savings in State Operating …

https://www.osc.ny.gov/press/releases/2015/02/dinapoli-proposed-budget-holds-line-spending-gives-executive-wider-discretion

DiNapoli Releases Report on Local Roads

… Local governments across New York State spent $2 billion on road maintenance, repairs and upgrades in local fiscal year (FY) 2020, a decline of 7% since 2010 … Comptroller Thomas P. DiNapoli. Some local communities put road projects on hold during the pandemic, but an influx of …

https://www.osc.ny.gov/press/releases/2022/01/dinapoli-releases-report-local-roads

DiNapoli: NYC’s Tech Boom Partially Offset City's Pandemic Job Losses

… Comptroller Thomas P. DiNapoli. The report found that tech sector employment in New York City increased by 33.6% … report provides further evidence that New York City’s tech sector boom helped prop up the city and state’s … and the number of companies and jobs has soared. For the tech sector’s continued success, the city and state should …

https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nycs-tech-boom-partially-offset-citys-pandemic-job-losses

Environmental, Social and Governance (ESG) Strategy Report

We consider environmental, social and governance (ESG) factors in our investment process because they can influence both risks and returns.

https://www.osc.ny.gov/files/common-retirement-fund/pdf/esg-strategy-report.pdf

DiNapoli: State Pension Fund Value $192 Billion

… long term asset allocation. We continue to manage one of best funded, best performing pension plans in the nation and that’s great … fund in the country and remains one of the nation’s best-managed and best-funded pension plans. The New York …

https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billion

DiNapoli: Former Treasurer Pleads Guilty to Felony in Theft of More Than $5,000 in Fire District Funds

… The former treasurer for Pulteney Fire District No. 2 pleaded guilty today to … fire districts fall prey to those who abuse public money for personal gain,” DiNapoli said. “Such crimes can be … Brooks Baker and the Steuben County Sheriff’s Office for their work on this case.” The Comptroller’s audit found …

https://www.osc.ny.gov/press/releases/2015/05/dinapoli-former-treasurer-pleads-guilty-felony-theft-more-5000-fire-district-funds

DiNapoli: Financial Settlements and Federal Aid Boosted State Revenue to $149 Billion in 2014-15

… Fund and the Rainy Day Reserve Fund, respectively; and Lottery revenues of $3.2 billion were $66.8 million, or 2 … below original projections. See the full report: Year-End Results for State Fiscal Year 2014-15 or …

https://www.osc.ny.gov/press/releases/2015/05/dinapoli-financial-settlements-and-federal-aid-boosted-state-revenue-149-billion-2014-15

Controls and Accountability of Court, Trust and Bail Funds

… the City for certain abandoned accounts. Court orders to pay out Bail funds were not always processed timely resulting …

https://www.osc.ny.gov/state-agencies/audits/2014/04/16/controls-and-accountability-court-trust-and-bail-funds

Project Tracking Systems and Economic Assistance Program Evaluations

… ESD programs be evaluated periodically to ensure they are meeting their goals and fulfilling ESD’s mission. Key … its economic assistance programs to ensure they are meeting their intended goals and furthering ESD’s mission. … programs to assess performance and ensure programs are meeting desired outcomes. Identify additional economic …

https://www.osc.ny.gov/state-agencies/audits/2021/10/18/project-tracking-systems-and-economic-assistance-program-evaluations

Oversight of Smart Schools Bond Act Funds

… is monitoring the use of Smart Schools Bond Act funds to ensure that school districts have appropriately … Plan (Plan) that details how they propose to use the funds. Each Plan must be approved by the Smart Schools Review … reimbursement. The ten districts we sampled utilized Act funds for their intended purposes according to their approved …

https://www.osc.ny.gov/state-agencies/audits/2020/06/10/oversight-smart-schools-bond-act-funds

DiNapoli Calls on Companies to Increase Board Diversity

… at a competitive disadvantage. And when companies fail to address shareholder concerns over lack of diversity they … put our portfolio companies on notice that we want them to be responsive and adopt best practices when it comes to the … at companies that have no women directors and has voted accordingly at 616 such companies to date. In addition, …

https://www.osc.ny.gov/press/releases/2019/03/dinapoli-calls-companies-increase-board-diversity

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