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DiNapoli: End of Continuous Medicaid Enrollment Requirement Poses Risks to State Financial Plan
… coverage in March 2023, New York state began the process of redetermining eligibility for every enrolled individual. … this “unwinding” may not meet projections in the Division of the Budget’s (DOB) Mid-Year Update to the Enacted Budget … the state budget. “Increased enrollment in Medicaid is one of the key reasons New York has one of the lowest rates of …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-end-continuous-medicaid-enrollment-requirement-poses-risks-state-financial-planDiNapoli: State Pension Fund Valued at $259.9 Billion at End of Third Quarter
… P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $259.9 billion at the end of the third quarter of state fiscal year 2023-24. For the three-month period …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-state-pension-fund-valued-259.9-billion-end-third-quarterDiNapoli: State Pension Fund Valued at $246.3 Billion at End of Second Quarter
… quarter of the state fiscal year gave way to declines in the second quarter,” DiNapoli said. “Our domestic economy … As of March 31, the Fund had 44.14% of its assets invested in publicly traded equities. The remaining Fund assets by allocation are invested in cash, bonds, and mortgages (21.53%), private equity …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-state-pension-fund-valued-246-point-3-billion-end-second-quarterAudit of ESDC Finds Few Measurable Results for $211 Million State Advertising Contract
… discretion, which ESDC allocated to promoting Start-Up NY, tourism, Taste NY and Masterbrand. As required by law, the State Attorney … contract. ESDC only provided details about Start-Up NY, a tax free incentive program for businesses affiliated …
https://www.osc.ny.gov/press/releases/2015/05/audit-esdc-finds-few-measurable-results-211-million-state-advertising-contractDiNapoli: State Pension Fund Valued at $254.1 Billion at End of First Quarter
… and real assets (13.39%) and credit, absolute return strategies, and opportunistic alternatives (6.33%). The …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-state-pension-fund-valued-2541-billion-end-first-quarterDiNapoli: Former Assistant Clerk Charged with Stealing Nearly $4,000 from Village of Horseheads
… gain and altered Village records to cover her theft. My office’s investigation and our partnership with District … accepting payments from multiple residents who wished to pay their water bills. The joint investigation and forensic … paid her personal New York State Electric & Gas (NYSEG) bill with Village funds resulting in the Village paying over …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-former-assistant-clerk-charged-stealing-nearly-4000-village-horseheadsDiNapoli: NY State Pension Fund Purchases $20 Million in State of Israel Bonds
… Retirement Fund has purchased an additional $20 million in Israel bonds offered by Development Corporation for … The purchase brings the state pension fund’s holdings in Israel bonds to $267.8 million. “New York state’s pension fund buys Israel bonds because we have confidence in the spirit of innovation and tenacity of Israeli people …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-ny-state-pension-fund-purchases-20-million-state-israel-bondsDutchess Board of Cooperative Educational Services – Electricity Contract Monitoring and Billing (2023M-45)
… than if it had contracted with the supplier awarded the new bid through a competitive process or the local utility …
https://www.osc.ny.gov/local-government/audits/boces/2023/09/08/dutchess-board-cooperative-educational-services-electricity-contract-monitoring-andDiNapoli Announces Change in Leadership of State Pension Fund's Real Estate Advisory Committee
… Advisory Committee (REAC) for the New York State Common Retirement Fund. DiNapoli also announced the appointment of … and long experience on the committee, have prepared him to lead its work in guiding our pension fund’s investments.” …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-announces-change-leadership-state-pension-funds-real-estate-advisory-committeeDiNapoli: State Pension Fund Valued at $233.2 Billion at End of Second Quarter
… It has consistently been ranked as one of the best managed and best funded plans in the nation. … New York State Comptroller …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-state-pension-fund-valued-2332-billion-end-second-quarterDiNapoli, McGill Announce Arrest of Man Who Allegedly Stole Deceased Mother's Retirement Payments
… that were sent to his deceased mother, Elizabeth Dorothy Case. Bump concealed his mother’s death and continued … fund and $24,641 from the SSA. “The allegations in this case are heinous and driven by greed,” DiNapoli said. “The … hold them accountable for their crimes.” Elizabeth Dorothy Case was a New York State employee and resident of Jamaica, …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-mcgill-announce-arrest-man-who-allegedly-stole-deceased-mothers-retirement-paymentsOversight of Career and Technical Education Programs in New York State Schools (Follow-Up)
… Oversight of Career and Technical Education Programs in New York State Schools (Report 2019-S-29 ). About the Program … to in the past as vocational, occupational, or practical arts education) provide students with academic and technical …
https://www.osc.ny.gov/state-agencies/audits/2023/01/18/oversight-career-and-technical-education-programs-new-york-state-schools-followVillage of Coxsackie – Financial Condition and Water and Sewer Fund Accountability (2014M-324)
… 31, 2014. Background The Village of Coxsackie is located in the Town of Coxsackie in Greene County and has approximately 2,800 residents. The … water and sewer revenue estimates that were based on historical and other relevant information. Village …
https://www.osc.ny.gov/local-government/audits/village/2015/02/13/village-coxsackie-financial-condition-and-water-and-sewer-fund-accountabilityCourt-Appointed Executor of Decedent’s Estate Sentenced to Two Years in Prison for Embezzlement
… and United States Attorney for the Southern District of New York Geoffrey S. Berman announced that Gregory Bayard … embezzling approximately $1.4 million from a decedent's estate for which he served as a court-appointed … the trust placed in him and pocketed $1.4 million from an estate he was appointed to protect,” DiNapoli said. “Thanks …
https://www.osc.ny.gov/press/releases/2019/10/court-appointed-executor-decedents-estate-sentenced-two-years-prison-embezzlementOversight of Security Expenses in Single Adult and Adult Family Homeless Shelters (Follow-Up)
To determine the extent of implementation of the ten recommendations included in our initial audit report Oversight of Security Expenses in Single Adult and
https://www.osc.ny.gov/state-agencies/audits/2019/12/10/oversight-security-expenses-single-adult-and-adult-family-homeless-shelters-followTown of Charlton – Internal Controls Over Billed Receivables for Water Operations (2014M-28)
… Purpose of Audit The purpose of our audit was to determine if the Town established … controls over water billing and collections for the period of January 1, 2012 through August 31, 2013. Background The …
https://www.osc.ny.gov/local-government/audits/town/2014/05/09/town-charlton-internal-controls-over-billed-receivables-water-operations-2014m-28Ballston Lake Fire District – Length of Service Awards Program Service Credit (2016M-379)
… Purpose of Audit The purpose of our audit was to determine whether District officials properly awarded firefighters Length of Service Awards Program (LOSAP) service credit for the …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/03/17/ballston-lake-fire-district-length-service-awards-program-service-creditVillage of Interlaken - Water and Sewer Financial Operations and Information Technology (2019M-74)
… Key Findings The water and sewer infrastructure are in disrepair and the Board did not develop a comprehensive, … water and sewer services, rates would initially increase from a combined $320 per year to about $950 per year to …
https://www.osc.ny.gov/local-government/audits/village/2019/06/14/village-interlaken-water-and-sewer-financial-operations-and-informationComptroller DiNapoli and A.G. Schneiderman Announce Sentencing of Former Met Council Insurance Brokers
… General’s office is the lead investigator assigned to this case. The Investigations Bureau is led by Chief Investigator … KerryAnn Rodriguez of the Public Integrity Bureau. This case is being prosecuted by Gary T. Fishman, Chief of the …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-former-met-council-insurance-brokersDiNapoli: SED Needs To Improve Oversight of School Districts' English Language Learners Programs
… SED was adequately overseeing if school districts outside New York City were providing the required services to English … “With enrollment in programs to address these disparities on the rise, it’s crucial that SED provide adequate guidance … any building reviews to monitor compliance with the law at individual schools during the audit scope. While …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-sed-needs-improve-oversight-school-districts-english-language-learners-programs