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DiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24

… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s investment return was 11.55% for the state fiscal year that ended March 31, 2024. The Fund … Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the …

https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24

Comptroller's Oversight of State Contracts

… Comptroller DiNapoli Ensures State Procurements Provide the Highest Value to New Yorkers For more than a century, the Comptroller’s Office has conducted independent, pre-review of State and limited Public Authority contacts, adding … For more than a century the Comptrollers Office has conducted independent prereview …

https://www.osc.ny.gov/state-agencies/contracts/oversight

Electing the Section 383-e or 383-f Retirement Plan – Special 20- and 25-Year Plans

… (FAE), up to a maximum of seven years. These plans do not allow for crediting of “other than” service, which ERS … July 1, 2025 will be automatically enrolled in this plan. How do I elect one of these plans? Complete and submit the Election …

https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/electing-section-383-e-or-383-f-retirement-plan

Effectiveness of the Information Technology Transformation

… basic planning steps were performed. For example, a risk assessment was not conducted timely to help identify … State oversight inquiries. Complete an overall risk assessment of ITS and incorporate it into the new FY 2016-17 … ITS officials indicated that a formal risk assessment is currently underway. Such assessment should be …

https://www.osc.ny.gov/state-agencies/audits/2016/08/24/effectiveness-information-technology-transformation

Comptroller DiNapoli Releases Municipal Audits

… P. DiNapoli today announced his office completed audits of the Camillus Volunteer Fire Department , Town of Lewis , … P DiNapoli today announced his office completed audits of the Camillus Volunteer Fire Department Town of Lewis …

https://www.osc.ny.gov/press/releases/2014/06/comptroller-dinapoli-releases-municipal-audits-0

Opinion 99-11

… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. BONDS AND NOTES -- Destruction of (not required by State Comptroller's regulations) CONSTITUTIONAL LAW -- Gifts …

https://www.osc.ny.gov/legal-opinions/opinion-99-11

DiNapoli Releases Lower Manhattan Economic Snapshot

… attacks on September 11, 2001 killed 2,753 people in Lower Manhattan, leaving the nation devastated and Lower Manhattan struggling to rebuild. Fifteen years later, Lower Manhattan continues to recover as it evolves into a … attacks on September 11 2001 killed 2753 people in Lower Manhattan leaving the nation devastated and Lower Manhattan …

https://www.osc.ny.gov/press/releases/2016/09/dinapoli-releases-lower-manhattan-economic-snapshot

Contract Advisory No. 31

… Pursuant to Chapter 839 of the Laws of 2022, OSC approval is required for purchases from OGS centralized contracts … thresholds. The process for obtaining OSC approval is as follows: Purchases from an OGS centralized contract … you are purchasing. No pre-encumbrance (fund reservation) is required for the “OC” transaction. SFS users will select …

https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/31-purchases-ogs-centralized-contracts

DiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools

… is below: We should be teaching financial literacy in NY's high schools Financial literacy should be taught in all New … think are important for all students to have by the end of high school?” One of the most frequent responses was, “Financial …

https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schools

Leading the Way on Climate Investment

… Climate change poses risks to the economy, financial markets, and the Fund’s investments. Managing these risks is integral to protecting the Fund’s investments, and capitalizing on the opportunities that arise from the transition to a net-zero economy is similarly critical to ensuring that …

https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investment

XIV.5 Employee Award Programs – XIV. Special Procedures

… SECTION OVERVIEW AND POLICIES The purpose of this section is to outline the issues Business … The purpose of this section is to outline the issues Business …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programs

Half Hollow Hills Community Library - Fund Balance (2018M-127)

… doing so. Develop a plan to use unexpended surplus funds in a manner that benefits the Library’s taxpayers. Library … Appendix B includes our comments on issues raised in the Library’s response letter. …

https://www.osc.ny.gov/local-government/audits/library/2018/11/09/half-hollow-hills-community-library-fund-balance-2018m-127

DiNapoli Releases Report on Tax Check-Off Donations

… in the 2019-20 state fiscal year (SFY), according to a report released today by State Comptroller Thomas P. DiNapoli. A report issued by DiNapoli’s office in 2014 found that large … spent on the intended purposes in a timely manner. The report released today found that 14 funds had higher balances …

https://www.osc.ny.gov/press/releases/2021/02/dinapoli-releases-report-tax-check-off-donations

Procurement and Payroll-Related Matters Pertaining to the Use of Certain Federal Funds

… To determine whether the New York City Transit Authority Transit used the American Recovery and …

https://www.osc.ny.gov/state-agencies/audits/2014/06/18/procurement-and-payroll-related-matters-pertaining-use-certain-federal-funds

DiNapoli: State Pension Fund Posts 9.5% Annual Investment Return

… been the state and local governments, which consistently pay their contributions. As of March 31, 2022, the Fund had … invested in cash, bonds, and mortgages (21.18%), private equity (13.64%), real estate and real assets (10.00%) and …

https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-return

DiNapoli: Pandemic Hit to Sales Tax Revenue Threatening Fiscal Health of Local Governments

… New York’s municipalities collected nearly $17 billion in sales tax revenue in 2019, representing 9.7 percent of all … revenue, according to a comprehensive report on local sales tax released today by State Comptroller DiNapoli. Every … losses from the pandemic. “COVID-19 has decimated local sales tax revenue this year, blowing holes in the budgets of …

https://www.osc.ny.gov/press/releases/2020/10/dinapoli-pandemic-hit-sales-tax-revenue-threatening-fiscal-health-local-governments

Compliance With the Sewage Pollution Right to Know Act and Monitoring and Enforcement of State Pollutant Discharge Elimination System Permit Requirements (Follow-Up)

… Right to Know Act and Monitoring and Enforcement of State Pollutant Discharge Elimination System Permit … (Report 2019-S-54 ). About the Program New York State is rich in surface and ground water resources, with … are used for drinking, bathing, and recreation. As the State’s environmental regulatory agency, the Department of …

https://www.osc.ny.gov/state-agencies/audits/2022/05/26/compliance-sewage-pollution-right-know-act-and-monitoring-and-enforcement-state-pollutant