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NYS Common Retirement Fund Announces Third Quarter Results
… The New York State Common Retirement Fund’s overall return in the third quarter of the … weather volatility and provide sustainable returns and retirement security for generations to come.” The Fund's … end of its fiscal year. About the New York State Common Retirement Fund The New York State Common Retirement Fund is …
https://www.osc.ny.gov/press/releases/2016/02/nys-common-retirement-fund-announces-third-quarter-resultsNYS Common Retirement Fund Reports First Quarter Results
… New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) … year end March 31, 2021 was $258.1 billion and the annual return was 33.55%. As of June 30, 2021, the Fund had 53.68% … real estate and real assets (7.96%) and credit, absolute return strategies and opportunistic alternatives (5.19%). …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) … 31, 2021 was $258.1 billion and the SFY 2020-21 annual return was 33.55%. As of Sept. 30, 2021, the Fund had 52.14% … real estate and real assets (8.44%) and credit, absolute return strategies and opportunistic alternatives (5.35%). …
https://www.osc.ny.gov/press/releases/2021/11/nys-common-retirement-fund-reports-second-quarter-resultsFreeport Union Free School District – Financial Management (2024M-49)
… complete report – pdf] Audit Objective Determine whether the Freeport Union Free School District’s (District) Board of Education (Board) and District officials properly managed fund balance and reserves. Key Findings The Board and District officials did not properly manage fund …
https://www.osc.ny.gov/local-government/audits/school-district/2024/11/01/freeport-union-free-school-district-financial-management-2024m-49Rensselaer City School District – Internal Controls Over Extra-Classroom Activity Funds (2013M-153)
… Purpose of Audit The purpose of our audit was to review the internal controls over extra-classroom activity funds for the period July 1, 2011, to February 28, 2013. Background The Rensselaer City School … who provides training on extra-classroom activity funds to other school districts; however, this training has not …
https://www.osc.ny.gov/local-government/audits/school-district/2013/09/06/rensselaer-city-school-district-internal-controls-over-extra-classroomNorth Greenbush Common School District – Budgeting (2016M-112)
… of Audit The purpose of our audit was to examine the District’s budgeting practices for the period July 1, 2012 through December 31, 2015. Background The North Greenbush Common School District is located in the Town of North Greenbush, Rensselaer County. The District, which …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/24/north-greenbush-common-school-district-budgeting-2016m-112New York State Health Insurance Program – Payments by CVS Health for Pharmacy Services for Ineligible Members
… Objective To determine whether CVS Health paid pharmacy claims for … Program (NYSHIP) provides health insurance coverage to over 1.2 million active and retired State, local … Service (Civil Service) has contracted with CVS Health to administer the prescription drug program. From January 1, …
https://www.osc.ny.gov/state-agencies/audits/2021/09/29/new-york-state-health-insurance-program-payments-cvs-health-pharmacy-services-ineligibleNew York State Health Insurance Program – Payments by Beacon Health Options for Mental Health and Substance Abuse Services for Ineligible Members (Follow-Up)
… implemented. Key Recommendation Officials are given 30 days after the issuance of this report to provide …
https://www.osc.ny.gov/state-agencies/audits/2024/01/03/new-york-state-health-insurance-program-payments-beacon-health-options-mental-health-andOpinion 92-5
… -- Gifts and Loans (granting of license or concession for fair and adequate consideration) REAL PROPERTY -- License … of a proper municipal or school district purpose for fair and adequate consideration. 23 Opns St Comp, 1972, p 35, … Johnson City , 74 NY2d 718, 544 NYS2d 809; Murphy v Erie County , 28 NY2d 80, 320 NYS2d 29; Deniham Enterprises v …
https://www.osc.ny.gov/legal-opinions/opinion-92-5NY State Comptroller DiNapoli Announces Responsible Workforce Management Policy for Private Equity Investments
… of limited partners in private equity funds, including pension funds, endowments, and multiemployer benefit trust … State Common Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and … than one million state and local government employees and retirees and their beneficiaries. It has consistently been …
https://www.osc.ny.gov/press/releases/2024/04/ny-state-comptroller-dinapoli-announces-responsible-workforce-management-policy-private-equityBethpage Union Free School District - Extra-Classroom Activity Funds (2019M-213)
… Objective Determine whether extra-classroom activity (ECA) funds were properly collected, recorded, deposited and … statement of profit and loss forms, and annual record of funds received and paid out. Checks were not countersigned … Determine whether extraclassroom activity ECA funds were properly collected recorded deposited and disbursed …
https://www.osc.ny.gov/local-government/audits/school-district/2020/02/07/bethpage-union-free-school-district-extra-classroom-activity-funds-2019mManhasset Union Free School District – Non-Payroll Disbursements (2025M-45)
… for overseeing and approving these disbursements to ensure they are appropriate, properly documented and in … Board of Education (Board) appointed the claims auditor to audit and approve all claims, including non-payroll … fiscal year. For more information on preparing and filing your CAP, please refer to our brochure, Responding to an OSC …
https://www.osc.ny.gov/local-government/audits/school-district/2025/09/19/manhasset-union-free-school-district-non-payroll-disbursements-2025m-45State Comptroller DiNapoli Releases Municipal & School Audits
… officials also made it appear they needed more funding to meet operational needs than was needed by appropriating fund balance to balance the budget when the appropriations weren’t needed. … variances between the budgets district officials presented to taxpayers and the district’s actual operational results …
https://www.osc.ny.gov/press/releases/2026/02/state-comptroller-dinapoli-releases-municipal-school-auditsGates-Chili Central School District - Financial Management (2019M-53)
… more than $12 million in unbudgeted year-end transfers to capital projects and reserves, overstating encumbrances by … over the last three years despite having sufficient funds to finance the District’s increased costs. Key … the amounts of fund balance and reserves that will be used to fund operations. Review and fund reserve balances to …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/gates-chili-central-school-district-financial-management-2019m-53NYS Common Retirement Fund Announces First Quarter Results
… Thomas P. DiNapoli. “We’ve been able to make some slight gains despite markets that remain challenging,” DiNapoli …
https://www.osc.ny.gov/press/releases/2016/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Announces Second Quarter Results
… 2016, with an estimated value of $184.5 billion, according to New York State Comptroller Thomas P. DiNapoli. … perspective and our diversified portfolio continue to cushion the Fund against volatility and help ensure … of 2 percent and an estimated value of $181 billion. Prior to that the Fund’s audited value was $178.6 billion as of the …
https://www.osc.ny.gov/press/releases/2016/11/nys-common-retirement-fund-announces-second-quarter-resultsRotterdam-Mohonasen Central School District – Claims Processing (2013M-19)
… Purpose of Audit The purpose of our audit was to evaluate the District’s internal controls over the claims processing function for the period July 1, 2011, to October 31, 2012. Background The Rotterdam-Mohonasen … over the claims processing function that allow claims to be audited in a timely manner and in accordance with …
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/22/rotterdam-mohonasen-central-school-district-claims-processing-2013m-19Raquette Lake Union Free School District - Business Office Operations (2023M-151)
… District and the third-party provider. Implement controls to safeguard the Treasurer’s signature on disbursement checks and monitor the third-party online access to the District’s bank accounts. Key Recommendations Ensure … and have initiated, or indicated they planned to initiate, corrective action. …
https://www.osc.ny.gov/local-government/audits/school-district/2024/04/12/raquette-lake-union-free-school-district-business-office-operations-2023mGananda Central School District – Financial Condition (2014M-62)
… our audit was to assess the District’s financial condition for the period July 1, 2012 through January 8, 2014. … elected members. The District’s budgeted expenditures for the 2013-14 fiscal year totaled $19,966,154. Key Finding …
https://www.osc.ny.gov/local-government/audits/school-district/2014/04/04/gananda-central-school-district-financial-condition-2014m-62Cost-Saving Ideas: Legal Requirements
… of moneys by more than one municipal corporation pursuant to a municipal cooperation agreement. Banking Law Section 107-a requires a bank or trust company to provide a pledge of assets or other security for public … under certain conditions. Additional statutes that relate to banking include: GML Section 5-a authorizes local …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirements