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NYS Common Retirement Fund Reports First Quarter Results
… bonds and mortgages (21.96%), private equity (11.21%), real estate and real assets (7.96%) and credit, absolute return strategies …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-resultsOffice of the State Comptroller Response to Report Issued Today by the Department of Financial Services
… DiNapoli's Communications Director Jennifer Freeman made the following statement today: "It's disappointing and … to our office five minutes before it was provided to the press. If the agency had reached out to our investment professionals, … DiNapolis Communications Director Jennifer Freeman made the following statement today …
https://www.osc.ny.gov/press/releases/2016/10/office-state-comptroller-response-report-issued-today-department-financial-servicesState Comptroller Thomas P. DiNapoli and Richmond County D.A. Michael E. McMahon: President of Staten Island Special Needs Pre-School and Wife Indicted for Stealing Approximately $771,000 in Public Funds
… personal items including; landscaping for their home, car and insurance payments for their vehicles, flowers and … program-related items: landscaping for his home ($18,936), car and insurance payments for his vehicles (two Mercedes … son-in-law ($7,002), Staples purchases for his daughter ($2,656), the purchase of a domain name for his daughter’s …
https://www.osc.ny.gov/press/releases/2018/01/state-comptroller-thomas-p-dinapoli-and-richmond-county-da-michael-e-mcmahon-president-staten-islandDiNapoli & A.G. Schneiderman Announce Arrest of Upstate Woman for Theft of over $67K in NYS Pension Benefits, $19K Welfare Fraud
… him with a reduced pension benefit but allowed him to pass on pension payments to his wife, Rosemary Banack, at the … she was not actually entitled to from November 2012 through July 2015. Banack was arraigned on the indictment … 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/2017/03/dinapoli-ag-schneiderman-announce-arrest-upstate-woman-theft-over-67k-nys-pension-benefits-19kComptroller DiNapoli & A.G. Schneiderman Announce Felony Conviction of Upstate Woman for Pension Fraud and Welfare Fraud
… him with a reduced pension benefit but allowed him to pass on pension payments to his wife, Rosemary Banack, at the … she was not actually entitled to from November 2012 through July 2015. Banack will be sentenced on June 15, 2017 … 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/2017/03/comptroller-dinapoli-ag-schneiderman-announce-felony-conviction-upstate-woman-pension-fraud-andAccounts Payable Advisory No. 68
… An agency must monitor moving services closely to ensure it pays the appropriate amount for services performed. The … for receiving a thorough bid, effectively monitoring the move, reviewing the vendor’s invoice, and reviewing certified …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/68-monitoring-moving-servicesOxford Academy and Central School District – Transportation Department Purchase and Service Contracts (2023M-2)
… District procedures. Review vehicle repair invoices and parts ordered by the vehicle maintenance and repair vendor . … $1,891, that did not have enough detail to verify that the parts ordered were used for District vehicles. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/09/oxford-academy-and-central-school-district-transportation-departmentTown of Watertown Fire District – Procurement (2022M-155)
… assurance that goods and services are acquired at the best price and that purchases are being made in the most prudent … officials did not: Use a competitive method to procure professional services and insurance coverage from five … with additional guidance for soliciting competition for professional services and insurance coverage. Obtain quotes …
https://www.osc.ny.gov/local-government/audits/fire-district/2022/11/04/town-watertown-fire-district-procurement-2022m-155Cost-Saving Ideas: Reviewing Your Revenue Collection Process
… into its bank account more quickly. Start by evaluating the costs and benefits of various revenue collection … payment? How many total collections are being processed? What is the cost per transaction? How convenient is the process …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-reviewing-your-revenue-collection-processDiNapoli Appoints Anastasia Titarchuk Chief Investment Officer of the New York State Common Retirement Fund
… joined DiNapoli’s office in 2011 as part of the Fund’s ARS team and served as Deputy CIO under then-CIO Vicki Fuller. …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-appoints-anastasia-titarchuk-chief-investment-officer-new-york-state-common-retirement-fundDiNapoli: State Pension Fund Value $192 Billion
… today announced that the New York State Common Retirement Fund (Fund) earned an estimated 11.42 percent return on investments … in the state fiscal year that ended on March 31, 2017. The Fund has an estimated value of $192 billion. “Strong returns … today announced that the New York State Common Retirement Fund earned an estimated 1142 percent return on investments …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionManagement and Control of Overtime Costs (Follow-Up)
… of implementation of the three recommendations included in our initial audit report, Management and Control of … lacked assurance that overtime was used only when it was in the best interest of HHC. Moreover, we found indications that overtime was often used when it was not in the best interest of HHC, as employees responsible for …
https://www.osc.ny.gov/state-agencies/audits/2014/12/23/management-and-control-overtime-costs-followWayne Central School District – Property Disposal (2021M-161)
… transportation study conducted by an external advisory group which also made a recommendation designed to help the …
https://www.osc.ny.gov/local-government/audits/school-district/2022/02/04/wayne-central-school-district-property-disposal-2021m-161Mount Vernon City School District – Procurement of Natural Gas (2019M-91)
… average two times the benchmark rates. May have been able to reduce its natural gas costs by 40 percent or …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/15/mount-vernon-city-school-district-procurement-natural-gas-2019m-91Opinion 2010-2
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … in the opinion. PERSONAL PROPERTY -- Disposition of (procedures for selling unneeded vehicles by town water … Whether a water district with a separately elected board of commissioners is required to sell vehicles that are no …
https://www.osc.ny.gov/legal-opinions/opinion-2010-2State Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… year, for the past seven years, we’ve been able to lower pension contribution rates or essentially keep them flat,” … so we can better weather market volatility.” The estimated average employer contribution rate for ERS will remain at 14.6 percent of payroll. The estimated average employer contribution rate for PFRS will increase by …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredDiNapoli Announces Vicki Fuller's Retirement as CIO of NYS Common Retirement Fund
… New York State Comptroller Thomas P. DiNapoli today announced … that Vicki Fuller, chief investment officer of the New York State Common Retirement Fund (Fund), will retire … sincere and tireless concern for the more than one million New York state workers, retirees and families who rely on the …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-announces-vicki-fullers-retirement-cio-nys-common-retirement-fundNYS Common Retirement Fund Reports First Quarter Results
… Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2020-21 was 10.35 percent for … period ending June 30, 2020, with an estimated value of $216.3 billion, according to New York State Comptroller Thomas P. DiNapoli. “One of the strongest rebounds in modern history lifted the Fund’s …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsCayuga-Onondaga Board of Cooperative Educational Services - Procurement of Professional Services (2018M-270)
… - pdf] Audit Objective Determine whether professional services were procured in a manner to ensure the prudent and … and procedures regarding the procurement of professional services. Seek competition for 28 professional service … million. Have written agreements in place for professional services provided from 17 vendors totaling $1.2 million. Key …
https://www.osc.ny.gov/local-government/audits/boces/2019/03/22/cayuga-onondaga-board-cooperative-educational-services-procurement-professionalSelected Aspects of Bus Procurement
… Authority to determine whether it procures buses in a manner which results in the best value for the lowest cost. The audit covered bus purchases from January 1, 2008 … Authority to determine whether it procures buses in a manner that results in the best value for the lowest cost …
https://www.osc.ny.gov/state-agencies/audits/2014/03/03/selected-aspects-bus-procurement