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Groton Central School District – Cash Management (2020M-124)
… in a financial institution that offered higher interest rates. The Business Official did not: Develop and manage a … investment program or comply with the District’s Board of Education’s (Board) investment policy. Solicit interest …
https://www.osc.ny.gov/local-government/audits/school-district/2021/01/29/groton-central-school-district-cash-management-2020m-124Revenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… do not significantly offset the earnings from the extra investment income. Explore contracting with a bank for the … Maximize Interest Earnings Following prudent yet effective investment strategies can improve cash inflow and even reduce … to be needed in the near term). Establish a formal investment policy, if you haven’t already, to guide your …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsLeading the Way on Climate Investment
… and just transition with Duke Energy Corporation, Ford Motor Company, American Electric Power Company, Inc., …
https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investmentDiNapoli Releases Climate Action Plan
… New York State Comptroller Thomas P. DiNapoli today released a Climate … protect and invest the assets of the $210 billion New York State Common Retirement Fund (Fund). The plan lays out a path …
https://www.osc.ny.gov/press/releases/2019/06/dinapoli-releases-climate-action-planGovernor Cuomo and Comptroller DiNapoli Appoint First-Ever Decarbonization Advisory Panel
… Thomas P. DiNapoli today announced the members of the state's first-ever Decarbonization Advisory Panel, which was initially proposed by the Governor during his 2018 State of the State address in January. The panel will advise …
https://www.osc.ny.gov/press/releases/2018/03/governor-cuomo-and-comptroller-dinapoli-appoint-first-ever-decarbonization-advisory-panelDiNapoli Expands State Pension Fund's In-State Investment Program
… New York State Comptroller Thomas P. DiNapoli today announced the … attractive returns to the state pension fund. New York’s $184.5 billion state pension fund, the third largest public pension fund in the country, is one of the first to offer credit financing …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-expands-state-pension-funds-state-investment-programDiNapoli Announces $500 College Savings Sweepstakes
… New York State Comptroller Thomas P. DiNapoli announced today a $500 sweepstakes to help a lucky New Yorker plan ahead for college. Winnings from the …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-announces-500-college-savings-sweepstakesDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… New York State Comptroller Thomas P. DiNapoli today released an … fiduciary and conflict of interest review of the New York State Common Retirement Fund (Fund) that commended the Fund … To complete its review, FAS examined over 1,000 contract documents and conducted interviews with staff, …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingState Comptroller DiNapoli Statement on Expansion of Geneva-Based RealEats into New Facility
… created with fresh food from the Finger Lakes,” New York State Comptroller Thomas P. DiNapoli said. “The state pension fund has invested nearly $8 million in RealEats …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-statement-expansion-geneva-based-realeats-new-facilityDiNapoli Announces Vicki Fuller's Retirement as CIO of NYS Common Retirement Fund
… announced that Vicki Fuller, chief investment officer of the New York State Common Retirement Fund (Fund), will … program one of the largest and best in the country. I thank her for her contributions and wish her the best," … support and thoughtfulness have been indispensable. And my colleagues at the Fund have been essential to every …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-announces-vicki-fullers-retirement-cio-nys-common-retirement-fundDiNapoli: State Pension Fund Adds $350 Million to Investment Funds Geared to New York Companies
… It has consistently been ranked as one of the best managed and best funded plans in the nation. … The New York State Common …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-state-pension-fund-adds-350-million-investment-funds-geared-new-york-companiesDiNapoli: NYS Pension Fund Commits $1.3 Billion to Sustainable Investment Program
… investment objectives,” said Remy Briand, Chief Product Officer and Head of Index at MSCI Inc. “The MSCI Climate … asset classes including actively and passively managed public equity, fixed income, private equity, infrastructure … State Common Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-nys-pension-fund-commits-13-billion-sustainable-investment-programState Comptroller DiNapoli Releases Municipal & School Audits
… a comprehensive investment program with written procedures for the investment of district funds or prepare monthly cash flow forecasts to estimate funds available for investment. The board also did not formally solicit … officials did not ensure non-payroll disbursements were for appropriate town purposes. The board did not segregate …
https://www.osc.ny.gov/press/releases/2024/09/state-comptroller-dinapoli-releases-municipal-school-auditsSt. Lawrence County Industrial Development Agency – Project Approval and Monitoring (2021M-151)
… information for 10 approved projects to monitor actual vs. proposed investment. Key Recommendations Develop …
https://www.osc.ny.gov/local-government/audits/county/2021/12/22/st-lawrence-county-industrial-development-agency-project-approval-and-monitoringBrighton Memorial Library – Board Oversight (2015M-116)
… 28, 2015. Background The Brighton Memorial Library is a municipal library located in the Town of Brighton, … which received its charter from the State in 1951, is governed by a five-member Board of Trustees appointed by …
https://www.osc.ny.gov/local-government/audits/library/2015/08/28/brighton-memorial-library-board-oversight-2015m-116DiNapoli Orders Divestment of Russia Holdings
… New York State Comptroller Thomas P. DiNapoli, sole trustee of the New York State Common Retirement Fund (Fund), today announced that he …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-orders-divestment-russia-holdingsDiNapoli Encourages New Yorkers to Save for College
… State Comptroller Thomas P. DiNapoli is encouraging New … can contribute and deduct up to $5,000 from their New York State taxable income. Married couples filing jointly can …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-encourages-new-yorkers-save-collegeChautauqua County – Investments and Payroll (2016M-147)
… investment policy or General Municipal Law (GML). Not all salary payments to 23 elected officials and 94 management … the County Attorney and, to the extent possible, recover salary and benefit overpayments made to elected officials and … employees are annually compensated at their approved salary amounts. Cease allowing elected officials to accrue …
https://www.osc.ny.gov/local-government/audits/county/2015/12/23/chautauqua-county-investments-and-payroll-2016m-147City of Olean Housing Authority – Board Oversight (2016M-93)
… of CFP activity. The Board has not adopted a comprehensive investment policy. The Authority does not have a written … firm that assists the Director in managing the Authority’s investment activities. Key Recommendations Establish formal … of the CFP. Develop a written, comprehensive investment policy that, as a minimum, identifies the types of …
https://www.osc.ny.gov/local-government/audits/city/2016/07/29/city-olean-housing-authority-board-oversight-2016m-93Opinion 90-22
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … 79-754, p 154; 24 Opns St Comp, 1968, p 412; Office of the State Comptroller, Financial Management Guide, Cash …
https://www.osc.ny.gov/legal-opinions/opinion-90-22