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Internal Control System Components
… period January 1, 2013 through May 21, 2015. Background In 1987, the Legislature passed the New York State … control, and issuing the Standards for Internal Control in New York State Government (Standards). The Standards form the minimum expectations for internal control in State agencies and public authorities, and provide …
https://www.osc.ny.gov/state-agencies/audits/2015/08/04/internal-control-system-componentsDiNapoli: State Pension Fund Valued at $283.9 Billion at End of First Quarter
… announced today. For the three-month period ending June 30, Fund investments returned an estimated 5.46%. “Financial … 31, 2025, the end of the state’s fiscal year. As of June 30, 2025, the Fund had 41.2% of its assets invested in … announced today For the threemonth period ending June 30 Fund investments returned an estimated 5 …
https://www.osc.ny.gov/press/releases/2025/08/dinapoli-state-pension-fund-valued-283-point-9-billion-end-first-quarterDiNapoli Statement on Special Education Provider Guilty Plea in Federal Court
… statement on the guilty plea to mail fraud in federal court by Cheon Park, the owner of Bilingual SEIT & Preschool Inc., which stemmed from a … office. “Cheon Park blatantly enriched himself to the tune of millions of dollars and deprived children with physical, …
https://www.osc.ny.gov/press/releases/2014/03/dinapoli-statement-special-education-provider-guilty-plea-federal-courtDiNapoli: Priceline Commits to Improve Gender and Racial Diversity on its Board of Directors
… a number of companies including FleetCor Technologies and LinkedIn. DiNapoli has filed similar proposals with 17 …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-priceline-commits-improve-gender-and-racial-diversity-its-board-directorsDisposal of Electronic Devices
… media (e.g., hard drives and other memory components) in these devices be securely overwritten or physically … This information was not personal, private or sensitive in nature. Because the Department utilizes OGS to surplus …
https://www.osc.ny.gov/state-agencies/audits/2013/05/13/disposal-electronic-devicesDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… today announced that the New York State Common Retirement Fund (Fund) reached a record estimated value of $183.5 billion as … close of the state fiscal year on March 31, 2015. “The Fund performed well over the past year despite the challenges … today announced that the New York State Common Retirement Fund reached a record estimated value of $1835 billion …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionDiNapoli: State Pension Fund Valued at $259.9 Billion at End of Third Quarter
… Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was … that their pension benefits are safe.” The Fund's value reflects retirement and death benefits of $4.2 billion paid out during the quarter. Its audited value was $248.5 billion as of March 31, 2023, the end of …
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 $254.1 Billion at End of First Quarter
… Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was … prudent management and long-term perspective.” The Fund's value reflects retirement and death benefits of $4.09 billion paid out during the quarter. Its audited value was $248.5 billion as of March 31, 2023, the end of …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-state-pension-fund-valued-2541-billion-end-first-quarterDiNapoli: State Pension Fund Valued at $242.3 Billion at End of Third Quarter
… 4.51%. “The equity markets had some difficult times in 2022, but the Fund posted positive results for the … quarter,” DiNapoli said. “Market volatility may persist in 2023, but the Fund remains well-diversified and built to … As of Dec. 31, the Fund had 43.49% of its assets invested in publicly traded equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-state-pension-fund-valued-2423-billion-end-third-quarterNYS Common Retirement Fund Reports Third Quarter Results
… reporting in 2009 as part of his ongoing efforts to increase accountability and transparency. Quarterly rates of …
https://www.osc.ny.gov/press/releases/2022/02/nys-common-retirement-fund-reports-third-quarter-resultsLockport Housing Authority – Executive Director’s Compensation (2015M-329)
… 2014 through September 29, 2015. Background The Lockport Housing Authority is located in the City of Lockport in … was established pursuant the New York State Public Housing Law and operates six properties in the City of Lockport, providing a total of 352 housing units. The Authority can also issue vouchers for 188 …
https://www.osc.ny.gov/local-government/audits/city/2016/05/06/lockport-housing-authority-executive-directors-compensation-2015m-329Village of Red Creek – Board Oversight of the Clerk-Treasurer and Water Operations (2014M-173)
… 11, 2014. Background The Village of Red Creek is located in the Town of Wolcott in Wayne County and has approximately 500 residents. The … year are approximately $453,000. Key Findings Duties in the Clerk-Treasurer’s office are not appropriately …
https://www.osc.ny.gov/local-government/audits/village/2014/10/24/village-red-creek-board-oversight-clerk-treasurer-and-water-operations-2014m-173Syracuse Industrial Development Agency – Project Approval and Monitoring and Administration of the Development Fund (2015M-240)
… by a special act of the New York State Legislature in 1979 for the benefit of the City of Syracuse and its … active projects which received approximately $12.5 million in tax exemptions during 2014. The Agency also administers a … against expected benefits. The Board has no procedures in place to compare employment and capital expenditure goals, …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2016/01/08/syracuse-industrial-development-agency-project-approval-andCapital – 2022 Financial Condition Report
… accounted for 56 percent of all capital projects spending in SFY 2021-22, up from 49.4 percent five years earlier. The … the end of SFY 2021-22, the State reported $112.2 billion in capital assets, an increase of $1.2 billion (1.1 percent) from the prior year. * Actual spending figures in this section do not include off-budget spending by public …
https://www.osc.ny.gov/reports/finance/2022-fcr/capitalDiNapoli: Statewide Local Sales Tax Collections Down 7.1 Percent in November
… Local government sales tax collections declined by 7.1 percent in November compared … to State Comptroller Thomas P. DiNapoli. November’s sales tax collections totaled $1.3 billion for local governments … (10.1 percent) compared to the same period in 2019. “Sales tax collections are a crucial revenue source for our counties …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-statewide-local-sales-tax-collections-down-71-percent-novemberXII.7.D Expedite Requests – XII. Expenditures
… days after agencies have entered the vouchers in the Statewide Financial System (SFS). In certain limited cases, … voucher to the Office of the State Comptroller through the Statewide Financial System (SFS). The agency must allow … days after agencies have entered the vouchers in the Statewide Financial System SFS …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii7d-expedite-requestsVII.10.C Reducing a Cash Advance – VII. State Revenues and Appropriated Loan Receivables
… that is expected to discontinue operations must return the full amount of the advance. Reduce a Cash Advance Prepare a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10c-reducing-cash-advanceDiNapoli: January Local Sales Tax Collections Down 5.9 Percent
… Schumer and the entire New York congressional delegation know how much our local communities are suffering and are …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-january-local-sales-tax-collections-down-5-point-9-percentState Comptroller DiNapoli Releases Municipal Audits
… software installed on Albany Water Board computers and mobile devices is not always appropriate and necessary. … unnecessary software on 60 computers (97 percent) and six mobile devices (32 percent) including gaming, streaming and … did not establish controls to prevent computer and mobile device users from downloading applications from …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-dinapoli-releases-municipal-auditsDiNapoli: February Local Sales Tax Collections Down 4.2 Percent; Year Over Year Decline Narrows
… Overall sales tax collections for local governments declined by 4.2 … in 2020, State Comptroller Thomas P. DiNapoli announced today. Collections totaled nearly $1.3 billion, down $55 … DiNapoli said. “The pandemic has taken a toll on statewide sales tax collections during the past year. New York’s local …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-february-local-sales-tax-collections-down-42-percent-year-over-year-decline-narrows