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The 80/20 Housing Program
… To determine whether housing developers participating in the Housing Finance Agency’s 80/20 Program complied with … developments. The audit scope included the 68 developments in the 80/20 Program, that were occupied and had allocated 20 … real estate tax abatements, as incentives to developers. In New York City, participating Program developers receive …
https://www.osc.ny.gov/state-agencies/audits/2017/05/31/8020-housing-programPiseco Common School District – Authorized Investments (2023M-172)
… Common School District (District) officials invested in accordance with statutory requirements. Key Findings District officials did not invest in accordance with statutory requirements. As a result, … to the District’s investment policy and invested $35,000 in an investment account that is not statutorily authorized. …
https://www.osc.ny.gov/local-government/audits/school-district/2024/03/15/piseco-common-school-district-authorized-investments-2023m-172Accounts Payable Advisory No. 52
… that agencies receive the goods and services they ordered in the proper condition and in accordance with the terms and conditions of the purchase … expectations, which ideally should have been communicated in a purchase order. To document the act of acceptance, …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/52-gfo-receiving-section-xi-a9Overview – XI. Procurement and Contract Management
… the registration process for all Vendors/Customers they do business with, who are not already registered in the New …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi7-overviewState Comptroller DiNapoli Statement on New York City Financial Plan
… is underway, but that its trajectory is uncertain, with employment growth and improvement in the commercial real … generally beat expectations in recent years, are in line with projections, suggesting they may not provide the same … recovery is underway but that its trajectory is uncertain with employment growth and improvement in the commercial real …
https://www.osc.ny.gov/press/releases/2021/11/state-comptroller-dinapoli-statement-new-york-city-financial-planDiNapoli: Audit Finds Poor Financial Management by Central New York Regional Market Authority Board
… needs $3.2 million in work. Unrealistic Budgets and Poor Payroll Monitoring: From FY 2020-21 through FY 2022-23, the … in commercial lease revenue that never materialized. Payroll expenses were 20% higher, or $369,144, over budget estimates during the period. Payroll was significantly higher than budgeted for because …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-audit-finds-poor-financial-management-central-new-york-regional-market-authority-boardDiNapoli: Employer Contribution Rates Stable for State Fiscal Year 2019-2020
… Employer contribution rates for the state's pension system in State Fiscal Year 2019-20 will be in line with the previous year, with the Employees' … pension fund is one of the strongest and best funded in the country and protects the retirement security of our …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-employer-contribution-rates-stable-state-fiscal-year-2019-2020DiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year
… by New York State Comptroller Thomas P. DiNapoli. “With continued economic growth, both statewide and … plan estimates. The state’s General Fund ended September with a balance of $52.4 billion, $3.2 billion higher than DOB …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearDiNapoli: State Tax Receipts Exceeded Updated Projections in First Quarter
… to closely monitor economic conditions and what it means short- and long-term for our state’s finances.” Personal …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-tax-receipts-exceeded-updated-projections-first-quarterNYS Common Retirement Fund Reports Third Quarter Results
… State Common Retirement Fund’s (Fund) estimated return in the third quarter of the State Fiscal Year (SFY) 2020-21 … and real assets (8.0 percent) and credit, absolute return strategies and opportunistic alternatives (5.2 percent). … holds and invests the assets of the New York State and Local Retirement System on behalf of more than one million …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli Announces Scheduled Sale of $543 Million State of New York General Obligation Bonds
… transportation, education, and environmental purposes with the Series 2023A, 2023B and 2023D bonds. Market …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-announces-scheduled-sale-543-million-state-new-york-general-obligation-bondsDiNapoli: Food Giant ConAgra Agrees to State Pension Fund's Proposal to Buy Sustainable Palm Oil
… ConAgra Foods, Inc., one of the largest food manufacturers in the U.S., has committed to using only sustainably-sourced palm oil that is grown and harvested in ways that do not contribute to rainforest destruction. As … company’s long-term value,” DiNapoli said. “Palm oil is in many of the products we enjoy every day, but too often …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-food-giant-conagra-agrees-state-pension-funds-proposal-buy-sustainable-palm-oilDiNapoli: Ralph Lauren Should Ensure Human and Worker Rights are Upheld in its Operations
… “The devastating loss of life in the Rana Plaza garment factory collapse in Bangladesh still reverberates,” …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-ralph-lauren-should-ensure-human-and-worker-rights-are-upheld-its-operationsFund's Mission, Values and Investment Philosophy
… We consider environmental, social and governance factors in our investment process because they can influence both … We consider environmental, social and governance factors in our investment process because they can influence both … and retaining dedicated, excellent people. We believe in empowering individuals and holding them accountable for …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophyDiNapoli: Audit Questions Payments Made to Supportive Housing Provider
… Comptroller Thomas P. DiNapoli has identified $32,271 in unallowable expenses and $489,616 in questionable costs that were paid by the state Office of … examined Rehabilitation Support Services Inc. (RSS) which, in 2014, claimed nearly $7.8 million in expenses to provide …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-audit-questions-payments-made-supportive-housing-providerNew York’s Economy and Finances in the COVID-19 Era (April 16, 2021)
… April 16, 2021 Edition Analysis of the Paycheck Protection Program in … indicates $755 billion in loans have been approved for 9.6 million borrowers across the country. Detailed data are … $100,075 WYOMING 598 $51,094,649 $85,443 YATES 393 $26,791,404 $68,172 NYS TOTAL 489,106 $50,959,302,727 $104,189 …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-april-16-2021NYS Comptroller DiNapoli Writes to President Biden in Support of His Planned Veto of Anti-ESG Resolution
… Thomas P. DiNapoli today wrote to President Biden in support of his planned veto of a resolution that would … fires or floods or take steps to benefit the communities in which they operate, put their profits, reputations and … misguided attempt to politicize investment decisions.” In December 2021, DiNapoli wrote in support of a rule …
https://www.osc.ny.gov/press/releases/2023/03/nys-comptroller-dinapoli-writes-president-biden-support-his-planned-veto-anti-esg-resolutionAnnual Assessment of Market Orders for 2015 and 2016 (2018-S-44)
To determine whether the Department of Agriculture and Markets (Department) had adequate procedures in place during the audit period to accurately report its...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2019-18s44.pdfState Tax Collections Rose $4.9 Billion in Fiscal Year 2017-18
… taxes, including the Metropolitan Transportation Authority Payroll Mobility Tax, totaled $3.9 billion, up by 7.6 …
https://www.osc.ny.gov/press/releases/2018/04/state-tax-collections-rose-49-billion-fiscal-year-2017-18NY State Comptroller DiNapoli Statement on Pew Charitable Trusts Ranking State Pension Fund One of Top in Nation
… opportunities and weather the volatility of the markets in the short-term. We have been vigilant about maintaining … and their families rely on us for their financial security in retirement, and we're making sure that our state pension fund is one of the best in the nation." According to Pew, only New York (91%), South …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-statement-pew-charitable-trusts-ranking-state-pension-fund-one-top