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NY State Comptroller DiNapoli Statement on McDonald's Agreement to Tie Executive Compensation to Diversity, Workforce Management
… Fund, released the following statement today in response to McDonald’s decision to disclose workforce diversity data … follow McDonald's example, particularly those corporations where New York state’s pension fund has filed similar … plans in the nation. The Fund's fiscal year ends March 31. Find out how your government money is spent at Open Book New …
https://www.osc.ny.gov/press/releases/2021/02/ny-state-comptroller-dinapoli-statement-mcdonalds-agreement-tie-executive-compensation-diversityDiNapoli: Monster Beverage Needs To Diversify Board
… Retirement Plans and Trust Funds, The City of Philadelphia Public Employees Retirement System and Calvert Investments. … mindful that their boards should reflect the men and women who purchase their products. When a board fails to be … it is often symptomatic of larger, systemic problems in the company’s governance.” “For almost six years, Monster …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-monster-beverage-needs-diversify-boardDiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… decisions increase and as more students decide to go to college and incur student loan debt. Just as teens are … or mortgage. It's time for New York to catch up to states who for decades have taught a financial literacy course and … to those who did not. In New York, only 20 high schools offer a stand-alone, semesterlong personal finance course …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsComptroller DiNapoli Releases Municipal Audits
… Thomas P. DiNapoli today announced his office completed an audit of the Village of Brookville , Village of … purchases totaling $647,522 without seeking competitive bids and 11 purchases totaling $19,338 without obtaining … state contracts or sought competition through competitive bids or quotes. Fairport Public Library – Financial …
https://www.osc.ny.gov/press/releases/2015/06/comptroller-dinapoli-releases-municipal-auditsDiNapoli: Federal Housing Aid Going Unused Despite New York's Affordable Housing Crisis
… housing intensified. During that time, HCR administered about $9.4 billion in federal housing funds, including $6.8 … Economic Security Act (CARES) for the HCV. HCR also used about $47.2 million in CARES funding to administer the COVID … by HCR as part of “Eastern New York City"), it distributed about 82% of the available vouchers during that five-year …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-federal-housing-aid-going-unused-despite-new-yorks-affordable-housing-crisisDiNapoli: NYC Remains on Solid Ground but Budget Risks Need to be Managed
… preliminary executive budget for fiscal year (FY) 2019 and its associated financial plan project a surplus of $2.6 … contribution to the MTA’s emergency Subway Action Plan (SAP). In addition, the city could come under pressure to contribute operating funds to the SAP. Changes in the federal tax code enacted in December 2017 …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-nyc-remains-solid-ground-budget-risks-need-be-managedWhat is a Defined Benefit Plan?
… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … the New York State Common Retirement Fund . Over the past 20 years, the Fund’s investment returns have covered 75 … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …
https://www.osc.ny.gov/retirement/members/defined-benefit-planDo Not Call Enforcement Efforts (2017-S-55)
To determine if the Department of State is fully implementing the enforcement and collection provisions of New York’s Do Not Call Law.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2018-17s55.pdfHalf Hollow Hills Community Library - Fund Balance (2018M-127)
… balance. Key Findings The Library’s fund balance policy does not address the maintenance of surplus fund balance, how the Board expects to use surplus funds and the timeframe … they will be used and the timeframe for doing so. Develop a plan to use unexpended surplus funds in a manner that …
https://www.osc.ny.gov/local-government/audits/library/2018/11/09/half-hollow-hills-community-library-fund-balance-2018m-127Opinion 89-53
… bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES--Recipients (basis for allocation between or … among fire companies in a multi-company fire department) INSURANCE LAW, §§9104, 9105: Where foreign fire insurance tax moneys are distributed in accordance with …
https://www.osc.ny.gov/legal-opinions/opinion-89-53Village of Scotia – Internal Controls Over Selected Financial Operations (2012M-148)
… revenues by nearly $23,000. The Court’s case files and bail records are not accurate and complete, and the two Justices do not maintain an accurate computerized bail list or perform monthly bank reconciliations and … between the accounting records maintained for bail, the Court’s manual check register, and the computerized …
https://www.osc.ny.gov/local-government/audits/village/2013/01/11/village-scotia-internal-controls-over-selected-financial-operations-2012m-148Opinion 99-11
… views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … CONSTITUTIONAL LAW -- Gifts and Loans (authority to provide framed bond as token of appreciation to retiring … of a personnel management program, may present a framed, cancelled bond issued by the school district to retiring …
https://www.osc.ny.gov/legal-opinions/opinion-99-11DiNapoli Releases Analysis of SFY 2024-25 State Budget
… new funding and policy changes to spur the creation of much needed housing, but the state’s financial outlook … weaknesses remain. As DiNapoli has recommended , deposits should be regular and consistent during prosperous economic … costs. DiNapoli’s Roadmap for State Debt Reform shows how caps and other debt restrictions set in statute have not …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-releases-analysis-sfy-2024-25-state-budgetDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… New York State Common Retirement Fund’s (Fund) investment return was 9.51% for the state fiscal year that ended March 31, 2022. The return on investments increased the Fund’s value to $272.1 … it finished the year above our assumed rate of return,” DiNapoli said. “Still, the turmoil in the markets …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnWayne Central School District – Property Disposal (2021M-161)
… and District officials disposed of District property in a proper and cost effective manner. Key Findings The Board … advisory group which also made a recommendation designed to help the District maximize the value of disposed property, … and indicated they would take corrective action. 1 Wayne CSD – Financial Management and Property Purchase and …
https://www.osc.ny.gov/local-government/audits/school-district/2022/02/04/wayne-central-school-district-property-disposal-2021m-161DiNapoli Releases Annual IDA Report
… in 2018, up 4.4 percent from 2017, according to an annual report that summarizes the performance of IDAs issued today … accounted for nearly 59 percent of the total value. The Capital District region had the highest total project value …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-releases-annual-ida-reportComptroller DiNapoli Releases Municipal Audits
… audits of the Camillus Volunteer Fire Department , Town of Lewis , Madison County Probation Department and the Orange … to verify that transactions were appropriate. Town of Lewis – Highway Purchases (Lewis County) The board did not …
https://www.osc.ny.gov/press/releases/2014/06/comptroller-dinapoli-releases-municipal-audits-0Effectiveness of the Information Technology Transformation
… Purpose To determine how effective the IT Transformation process has … of the Governor’s Spending and Government Efficiency Commission (Commission). The Commission’s Final Report was … As a result, ITS had little data to quantify or measure what benefits, if any, the Transformation has brought about …
https://www.osc.ny.gov/state-agencies/audits/2016/08/24/effectiveness-information-technology-transformationWindows Domain Administration and Management
… Objective To determine whether the Office of Information Technology Services has security controls in place to ensure appropriate management and monitoring of … of security policies, procedures, and practices, and know how to protect State entity information. The Security Policy …
https://www.osc.ny.gov/state-agencies/audits/2023/05/31/windows-domain-administration-and-managementDiNapoli Reaffirms Commitment to DEI Initiatives
… shareholder proposals at Tesla Inc., Wells Fargo and Co., Chipotle Mexican Grill Inc., and United Health Group … filed proposals with Lennar Corp. and International Paper Co. to ask the companies’ boards of directors to report on … 2024, DiNapoli approved updates to the Fund’s proxy voting guidelines that refine and clarify considerations the …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-reaffirms-commitment-dei-initiatives