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DiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing
… is a deadline on using federal COVID-19 funds, delays in allocating it to specific housing projects or housing relief programs could result in funds being lost. “The state continues to navigate the … said. “We need every dollar available for housing needs in our state, particularly those that can help bolster …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housingThe Big Picture – What Every Employer Should Know
… The Retirement and Social Security Law (RSSL) establishes benefits for members and the benefit options employers can choose for their employees. NYSLRS administers those benefits. …
https://www.osc.ny.gov/retirement/employers/partnership/big-pictureLaFayette Central School District – Reserves (2013M-387)
… $19.4 million. Key Findings Four of the five reserve funds in the District were not formally established. However, since the Board funded these reserve funds over multiple fiscal years, they can be considered de facto reserve funds. The District did not have a plan for funding several …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/07/lafayette-central-school-district-reserves-2013m-387City of Saratoga Springs – Financial Condition (2012M-201)
… Purpose of Audit The purpose of our audit was to review the financial condition of the City’s general, water and sewer funds for the period …
https://www.osc.ny.gov/local-government/audits/city/2013/02/15/city-saratoga-springs-financial-condition-2012m-201DiNapoli Releases Mid-Year State Cash Report and Review
… State tax collections of $34.2 billion through the first half of the fiscal year were nearly $610 million higher than … by New York State Comptroller Thomas P. DiNapoli. In spite of higher than anticipated spending, the General Fund ended …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-releases-mid-year-state-cash-report-and-reviewGorham-Middlesex Central School District – Multiyear Planning (2016M-177)
… statutorily allowed transfers between reserve funds to best align funds with long-term needs and/or use the funds to …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/29/gorham-middlesex-central-school-district-multiyear-planning-2016m-177XIV.3.C Distribution of STIP Investment Earnings – XIV. Special Procedures
… Fund Requirements The distribution of the STIP investment … received on any moneys invested “shall be credited to the fund or funds from which such moneys were invested, provided, … except such funds which are held pending the outcome of litigation or are required to earn interest pursuant to a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3c-distribution-stip-investment-earningsMonroe County - Financial Condition (2018M-179)
… $12.4 million in one-time increases that are unlikely to recur. The County relied on $65 million in revenue … $30.85 million in reported general fund interfund advances to cover deficit cash balances in 2017. The County does not have sufficient general fund balance to mitigate significant revenue shortages or unanticipated …
https://www.osc.ny.gov/local-government/audits/county/2018/12/07/monroe-county-financial-condition-2018m-179Town of Parish - Financial Condition and Supervisor's Records (2019M-58)
… condition and received accurate financial reports to help it do so. Key Findings The Board did not adopt structurally … and received accurate financial reports to help it do so …
https://www.osc.ny.gov/local-government/audits/town/2019/05/29/town-parish-financial-condition-and-supervisors-records-2019m-58DiNapoli Announces State Pension Fund's 2024 Corporate Governance Stewardship Priorities
… Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today outlined the Fund’s stewardship priorities for 2024, including setting expectations related to climate …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-announces-state-pension-funds-2024-corporate-governance-stewardship-prioritiesReview of Advance Contract Payments
… performance to ensure they expended the advanced funds in accordance with the terms and conditions of the … monitoring to ensure contractors expended advanced funds in accordance with the terms and conditions of the … detailing how these contractors expended the advanced funds they received. As a result, SED did not have assurance …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsTown of Big Flats – Financial Management (2013M-170)
… of our audit was to review the Town’s financial management for the period January 1, 2010, to May 1, 2013. Background … The Town of Big Flats is located in Chemung County and has a population of approximately 7,700. The Town is … revenues, expenditures, and fund balance available for appropriation. Adopt a fund balance policy governing the …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-big-flats-financial-management-2013m-170State Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future
… today announced an investment strategy that will raise the New York Common Retirement Fund’s (Fund) commitment to … to $5 billion. The cornerstone of DiNapoli’s plan is the creation of a $2 billion index that will exclude or … to seeing the positive changes this will spur in future company actions.” In addition to the low emission index, …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-dinapoli-positions-new-york-pension-fund-low-carbon-futureDiNapoli: State Pension Fund Releases Annual Investment Return
… that the New York State Common Retirement Fund’s (Fund) investment return was -4.14% for the state fiscal year that ended March 31, 2023. The Fund closed the year valued at $248.5 billion. …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnTown of Hartwick – Financial Condition (2013M-118)
… Purpose of Audit The purpose of our audit was to ensure that the Board properly monitored the Town’s … March 8, 2013. Background The Town of Hartwick is located in Otsego County and has 2,110 residents. The Board comprises … for the lighting district fund. Key Findings The Board did not establish reasonable financial plans for three of its …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-hartwick-financial-condition-2013m-118DiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… New York State Comptroller Thomas P. DiNapoli today announced that the … performances across asset classes helped drive the state pension fund’s investment returns higher over the past year, …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24DiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… fiscal year. Employer contribution rates are determined by investment results over a multi-year period along with … in publicly traded equities. The remaining Fund assets by allocation are invested in cash, bonds, and mortgages … of Interest Review . The review, most recently performed by Kroll LLC, found the Fund “continues to be a leader …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnDiNapoli: State Pension Fund Value $210.2 Billion
… March 31, 2019. The Fund closed the year with an estimated value of $210.2 billion, which is subject to change once returns are fully audited. The Fund’s audited value at the end of state fiscal year 2018 was $207.4 billion. “The Fund’s value continued to grow during its 2019 fiscal year and …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionDiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… Fund (Fund) has committed an additional $1.2 billion to its emerging manager program, increasing the total commitment to more than $5 billion. The program is designed to help … the pool of talented investment managers who want to do business with the state pension fund,”said DiNapoli. “The …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programVillage of Round Lake – Budgeting Practices and Financial Condition (2015M-26)
… that appropriated fund balance from the water and sewer funds. Consistent appropriation of fund balance and … structurally balanced budgets for the water and sewer funds. Develop a plan to eliminate the fund balance deficit … and to alleviate the fiscal stress of the water and sewer funds. Develop a multiyear plan that includes provisions to …
https://www.osc.ny.gov/local-government/audits/village/2015/05/22/village-round-lake-budgeting-practices-and-financial-condition-2015m-26