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DiNapoli Named Lead Plaintiff in Crowdstrike Shareholder Lawsuit
… lead plaintiff in a securities fraud class action lawsuit filed against the global cybersecurity company Crowdstrike Holdings Inc. The suit filed against … worldwide IT outage caused by the Austin, Texas-based company’s failed software updates and resulting plummet in …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-named-lead-plaintiff-crowdstrike-shareholder-lawsuitComptroller DiNapoli Statement on Elon Musk's Trillion Dollar Pay Proposal & Tesla Board Members
… at Tesla Inc.’s Nov. 6, 2025, Annual Meeting. “Elon Musk’s latest trillion-dollar pay proposal is excessive, waters down …
https://www.osc.ny.gov/press/releases/2025/10/comptroller-dinapoli-statement-elon-musks-trillion-dollar-pay-proposal-tesla-board-membersAltmar-Parish-Williamstown Central School District - Financial Condition Management (2018M-258)
… overestimated appropriations by more than 6 percent due to conservative budget practices. Also, the District … and most reserve funds are not being used, and the repair, retirement, insurance and tax certiorari reserves are … as of June 30, 2018. Key Recommendations Develop a plan to reduce the amount of unrestricted fund balance to comply …
https://www.osc.ny.gov/local-government/audits/school-district/2019/03/08/altmar-parish-williamstown-central-school-district-financial-conditionVillage of Fredonia – Financial Condition (2025M-149)
… such as reducing expenditures, reviewing revenues for sufficiency and adopting financial policies, including fund balance and multiyear policies, when necessary. … totaled $11.6 million, which included general fund appropriations totaling $7.4 million, water fund …
https://www.osc.ny.gov/local-government/audits/village/2026/05/08/village-fredonia-financial-condition-2025m-149DiNapoli: Majority of Contracts with Not-For-Profit Organizations Still Approved Late
… State agencies were late 61 percent of the time in approving contracts with not-for-profit providers (NFPs) … released today by State Comptroller Thomas P. DiNapoli. In 2015, the state paid $129,824 in interest payments for late contracts. “Chronic delays … State agencies were late 61 percent of the time in approving contracts with notforprofit providers NFPs last …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-majority-contracts-not-profit-organizations-still-approved-lateDiNapoli: NYC Spending Priorities Shifted During Pandemic
… pandemic, whether they will be funded beyond FY 2024 is unclear. For example, funding in the city’s current budget … to the pre-pandemic budget plan. This increased funding is for street homeless programs and shelters ($303 million), … FY 2024. A significant portion (41%) of the city’s budget is nondiscretionary. It could be more difficult for the city …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-nyc-spending-priorities-shifted-during-pandemicGreene Central School District – Unused Leave Payments and Leave Accruals (2022M-158)
… credited either for 132 days over what they were entitled to or 2,712 days less than what they were entitled to. Incorrectly calculated 61 percent of the unused vacation leave, sick leave and retirement incentive payments made during the audit period . …
https://www.osc.ny.gov/local-government/audits/school-district/2023/02/24/greene-central-school-district-unused-leave-payments-and-leave-accrualsTown of Minerva – Payroll and Cash Receipts (2015M-342)
… Purpose of Audit The purpose of our audit was to review the internal controls in place over the Town’s … not established proper controls over payroll, the clerk to the Supervisor overpaid herself $13,940 for unauthorized … direct deposits and inappropriate withholdings for retirement and health insurance, and she was paid for leave …
https://www.osc.ny.gov/local-government/audits/town/2017/10/06/town-minerva-payroll-and-cash-receipts-2015m-342DiNapoli Releases Analysis of State Budget Financial and Capital Plans
… ended the last year with the largest General Fund balance in recent years, but continues to face real fiscal … add to our reserves, leaving the state with little cushion in the event of an economic downturn." The $170.3 billion … debt service is projected to increase by an average 4.4 percent annually through SFY 2022-23, when it …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansIX.7.E Disaster Assistance – IX. Federal Grants
… The Disaster Assistance Accounting process will be used each time there is a disaster event. This process requires the participation of … The Disaster Assistance Accounting process will be used each time …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix7e-disaster-assistanceDiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter
… growth has continued this year, bolstering markets in the second quarter,” DiNapoli said. “Our diverse portfolio … As of Sept. 30, the Fund had 42.01% of its assets invested in publicly traded equities. The remaining Fund assets by allocation are invested in cash, bonds, and mortgages (22.22%), private equity …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarterEast Meadow Union Free School – Overtime (2022M-118)
… retirement benefits. Key Recommendations Ensure all non-emergency overtime is preapproved in writing, properly …
https://www.osc.ny.gov/local-government/audits/school-district/2023/02/24/east-meadow-union-free-school-overtime-2022m-118Ashville Fire District – Procurement and Board Oversight (2025M-81)
… delivery of a mini-pumper, which the vendor had on hand because another fire district did not take delivery of …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/12/24/ashville-fire-district-procurement-and-board-oversight-2025m-81Onondaga County – Court and Trust Funds (2025-C&T-3)
… – pdf] Purpose of Review The purpose of our review was to determine whether County officials established appropriate controls to safeguard and account for court and trust funds for the … 1, 2024 through September 3, 2025. Background Pursuant to a court order, certain assets may be provided to the court …
https://www.osc.ny.gov/local-government/audits/county/2025/09/26/onondaga-county-court-and-trust-funds-2025-ct-3DiNapoli: NYC Finances Gain Stronger Footing
… today by State Comptroller Thomas P. DiNapoli. ”Hope is building in New York City as vaccination rates climb, … pre-pandemic levels by the first quarter of 2023. Tourism is not expected to return to pre-pandemic levels before 2025, … the unevenness in the recovery, gross city product is expected to grow 5.1 percent in 2021 due to better than …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-nyc-finances-gain-stronger-footingFinancial Oversight of the Advantage After School Program
… community organizations is spent in accordance with program guidelines and whether these controls are functioning … New York State created the Advantage After School Program (Program) in 2000 to provide high-quality youth development …
https://www.osc.ny.gov/state-agencies/audits/2018/02/13/financial-oversight-advantage-after-school-programState Agencies Bulletin No. 1585
… Purpose To inform agency payroll officers of the new procedure for notifying their … To inform agency payroll officers of the new procedure for notifying their …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1585-notification-employees-when-prior-year-fica-ssmedicare-deficiency-hasXV.14 Federal Admin Recoveries – XV. End of Year
… Transfer authorization authority for Federal Transfers to Other Funds (Source 9’s) lapses on the last day of the state fiscal year. Source 9 requests for new activity codes must be received by the date … Transfer authorization authority for Federal Transfers to Other Funds Source 9s lapses on the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv14-federal-admin-recoveriesXIX.6.A Cost Allocation – XIX. Project Costing (PCIP)
… Overview Cost allocation provides for an automated process by which … Time and Labor data. The integration of payroll and labor cost allocation is a statewide requirement for reporting. … data should be reported at the Employee level for time and cost which will be directly coded to projects by pay period. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix6a-cost-allocationDiNapoli: As NYC Budget Stabilizes, New Risks Emerge
… realistic discussion of the city’s fiscal position and its ability to fund discretionary programs the city is not … fund, if needed. The city’s projected gaps in fiscal years 2027 through 2029 are smaller than in June of last year at … the gaps projected by DiNapoli’s office in fiscal years 2027 through 2029 rise from $7.6 billion to average more than …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-nyc-budget-stabilizes-new-risks-emerge