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DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… and enjoyed the largest one-year investment return in its history,” DiNapoli said. “This outsized return reinforces the …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyOvertime and Other Time and Attendance Matters Found in the Use of Certain Federal Funds
… Transportation Authority (MTA), has four projects funded by the Recovery Act, namely, Poughkeepsie Station … practice and whether government funds are being wasted by paying conductors 2 hours and 40 minutes of overtime every … practices are in place and government funds are not wasted by paying overtime for indirect tasks such as employees …
https://www.osc.ny.gov/state-agencies/audits/2014/01/24/overtime-and-other-time-and-attendance-matters-found-use-certain-federal-funds-0NYS Common Retirement Fund Reports Estimated First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the first … quarter of the State Fiscal Year (SFY) 2022-23 was -8.24% for the three-month period ending June 30, 2022, according to … the assets of the New York State and Local Retirement System on behalf of more than one million state and local …
https://www.osc.ny.gov/press/releases/2022/08/nys-common-retirement-fund-reports-estimated-first-quarter-resultsExtra-Classroom Activity (2015-MR-5)
… through May 8, 2015. Background Extra-classroom activity funds are defined by the New York State Education Department as "funds raised other than by taxation or through charges of a … body or any subdivision thereof." Extra-classroom activity funds are those operated by and for the students. Students …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/17/extra-classroom-activity-2015-mr-5Holley Central School District – Financial Condition (2013M-342
… in operating surpluses, which caused unexpended surplus funds to significantly exceed the statutory limit each year. … appropriated fund balance to reduce the tax levy, these funds were not needed because the budgeting practices … surpluses. As a result, the District’s unexpended surplus funds exceeded the statutory limit of 4 percent of the …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/holley-central-school-district-financial-condition-2013m-342Dutchess County – Financial Condition (2013M-370)
… million, which are funded primarily with real property taxes, sales and use taxes and State and Federal aid. Key Finding The County enterprise … make the funds are more self-sufficient and less reliant on general fund subsidies. … Dutchess County Financial …
https://www.osc.ny.gov/local-government/audits/county/2014/03/14/dutchess-county-financial-condition-2013m-370Delaware Academy Central School District at Delhi – Fund Balances (2016M-36)
… Delhi, Franklin, Hamden, Kortright and Meredith, Delaware County. The District, which operates two schools with …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/10/delaware-academy-central-school-district-delhi-fund-balances-2016m-36Town of Dayton – Financial Condition (2013M-90)
… Background The Town of Dayton is located in Cattaraugus County and has a population of approximately 1,900 residents. …
https://www.osc.ny.gov/local-government/audits/town/2013/08/14/town-dayton-financial-condition-2013m-90Town of Indian Lake – Reserves and Justice Court Operations (2014M-330)
… to review the establishment and use of the Town’s reserve funds and to examine internal controls over the Town’s … Findings The Board did not properly establish 14 reserve funds and did not make reserve fund expenditures in … Refund moneys in the non-legally established reserve funds to the operating funds that funded the reserves and …
https://www.osc.ny.gov/local-government/audits/justice-court/2015/03/06/town-indian-lake-reserves-and-justice-court-operations-2014m-330State Agencies Bulletin No. 2272
… due to termination, resignation, death, or other causes. Funds associated with paychecks being returned via the AC230 … check stop payment, certified check, or money order. These funds are held at OSC until the corresponding AC230 worksheet … to complete and provide the AC230 to OSC at the time the funds are sent to ensure the timely release of any funds the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2272-process-changes-form-ac230-report-check-returned-refund-or-exchangeDiNapoli: State Pension Fund Value $206.9 Billion
… March 31, 2018. The Fund ended the year with an estimated value of $206.9 billion, which is subject to change once returns are fully audited. The Fund’s value at the end of state fiscal year 2017 was $192.4 … billion. “The New York State Common Retirement Fund’s value rose with help from strong markets through most of the …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-state-pension-fund-value-2069-billionCity of Amsterdam - Budget Review (B21-5-5)
… the City’s general, transportation, sewer and recreation funds accumulated as of June 30, 2018. Local Finance Law … Act (Act) of 2021. At this time, the timing of receipt of funds from the Act is uncertain. Once received, the funds will come with restrictions on what they can be used …
https://www.osc.ny.gov/local-government/audits/city/2021/05/07/city-amsterdam-budget-review-b21-5-5XIV.3.A Overview – XIV. Special Procedures
… and keep invested all moneys belonging to any and all funds (of the State) in classes and kinds of investments that … The Comptroller is responsible for the investment of State funds until they are needed to support day-to-day operations … and disbursements AND the pooling of cash assets of the funds within the State’s GCA for the purposes of short-term …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3a-overviewBradford Fire Co. Treasurer Arrested for Stealing Public Funds
… New York State Comptroller Thomas P. DiNapoli announced the arrest of … fire company funds by allegedly taking “advance” payments on company activities and manipulating company bank accounts …
https://www.osc.ny.gov/press/releases/2016/07/bradford-fire-co-treasurer-arrested-stealing-public-fundsDiNapoli: Fire Department Treasurer Arrested for Stealing Public Funds
… 42 counts of forgery in the first degree (class C felony) and two counts of falsifying business records in the first … with public money,” said DiNapoli. “It is alarming that my office continues to uncover instances such as this where … the public to help fight fraud and abuse. New Yorkers can report allegations of fraud involving taxpayer money by …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-fire-department-treasurer-arrested-stealing-public-fundsMonterey Fire Company, Inc. – Misappropriation of Funds (2013M-17)
… businesses, and made ATM cash withdrawals of Company funds. Additionally, the Fire Chief used the Company’s … he paid with the Company’s debit card – and used Company funds to help purchase a personal vehicle. These personal …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/03/27/monterey-fire-company-inc-misappropriation-funds-2013m-17DiNapoli Seeks Increased Diversity at Pension Fund's Portfolio Companies
… New York State Comptroller Thomas P. DiNapoli today announced a series … said. “As a major investor, focused on safeguarding our pension fund’s long-term value, we call on portfolio … 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/2023/02/dinapoli-seeks-increased-diversity-pension-funds-portfolio-companiesDiNapoli: Former Clerk Padded Her Pay With Town Funds
… result of DiNapoli's partnership with the New York State Police and Essex County District Attorney Kristy Sprague. … of the Town of Minerva since July 2010, resigned in April 2015, a month after an investigation from by the … by filing a complaint online at investigations@osc.ny.gov , or by mailing a complaint to: Office of the State …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-former-clerk-padded-her-pay-town-fundsDiNapoli: Former School District Treasurer Sentenced for Stealing Funds
… 50 hours of community service. Hand was also ordered to pay $34,000 in restitution. “Ms. Hand took advantage of her … by filing a complaint online at [email protected].ny.us , or by mailing a complaint to: Office of the State … of Investigations, 8th Floor, 110 State St., Albany, NY 12236. … State Comptroller Thomas P DiNapoli announced …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-former-school-district-treasurer-sentenced-stealing-fundsVillage of Millport – Treasurer’s Misappropriation of Funds (2016M-256)
… to its residents. Budgeted appropriations for the 2015-16 fiscal year totaled $287,500. Key Findings Lack of … where this is not feasible, compensating controls should be implemented. Maintain complete, up-to-date and accurate …
https://www.osc.ny.gov/local-government/audits/village/2019/06/19/village-millport-treasurers-misappropriation-funds-2016m-256