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State Comptroller DiNapoli Releases Municipal & School Audits
… district officials maintained surplus fund balance levels at more than three times the amount allowed by state law. … the tax certiorari reserve fund and maintained it at a reasonable level. However, the treasurer did not … balances did not agree with general ledger cash balances at month-end for 18 of the 40 bank reconciliations auditors …
https://www.osc.ny.gov/press/releases/2024/09/state-comptroller-dinapoli-releases-municipal-school-auditsDiNapoli: NYS Pension Fund Commits $1.3 Billion to Sustainable Investment Program
… equity, fixed income, private equity, infrastructure and real estate. DiNapoli also announced the Fund has completed …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-nys-pension-fund-commits-13-billion-sustainable-investment-programInvestment of Retirement Funds
… Program Legislative Session 2021-2022: Investment of Retirement Funds – S.9051 (Jackson) – Permits investment of retirement funds in mortgages guaranteed by New York state … Permits investment of retirement funds in mortgages guaranteed by New York state …
https://www.osc.ny.gov/legislation/investment-retirement-fundsState Comptroller DiNapoli Statement on Expansion of Geneva-Based RealEats into New Facility
… results and shows significant potential as demand for online meal services increases. We’re proud to help this New …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-statement-expansion-geneva-based-realeats-new-facilityDiNapoli Encourages New Yorkers to Save for College
… of getting a degree. According to the Federal Reserve Bank of New York's latest figures from 2015, the nationwide …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-encourages-new-yorkers-save-collegeDiNapoli Orders Divestment of Russia Holdings
… New York State Comptroller Thomas P. DiNapoli, sole trustee of the New York State Common Retirement Fund (Fund), today … from Russian companies and continued his prohibition of any further investments in them. On March 1, following Russia’s invasion of Ukraine, DiNapoli announced the Fund would freeze all new …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-orders-divestment-russia-holdingsOpinion 90-22
… that bear on the issues discussed in the opinion. WATER SUPPLY AND DISTRIBUTION -- Public Water Systems (necessity to pay interest on consumer … §117 is not applicable to consumer deposits required in connection with a village water utility. Even though there is …
https://www.osc.ny.gov/legal-opinions/opinion-90-22Brighton Memorial Library – Board Oversight (2015M-116)
… to evaluate the Board’s oversight of Library operations for the period January 1, 2014 through February 28, 2015. … appointed by the Town Board. Budgeted appropriations for 2015 total approximately $2.15 million. Key Findings The …
https://www.osc.ny.gov/local-government/audits/library/2015/08/28/brighton-memorial-library-board-oversight-2015m-116St. 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-monitoringCorporate Governance
… the New York State Common Retirement Fund continues to advance corporate governance and stewardship practices … engages public portfolio companies and investment managers to ensure they are managing factors the Fund deems … valuations, and long-term portfolio stability. That’s why Comptroller DiNapoli set a goal to transition the Fund’s …
https://www.osc.ny.gov/common-retirement-fund/corporate-governanceChautauqua County – Investments and Payroll (2016M-147)
… are annually compensated at their approved salary amounts. Cease allowing elected officials to accrue and be paid for …
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)
… The Authority does not have a written agreement with the brokerage firm that assists the Director in managing the … investments. Enter into a written agreement with the brokerage firm specifying, among other things, the services …
https://www.osc.ny.gov/local-government/audits/city/2016/07/29/city-olean-housing-authority-board-oversight-2016m-93Opinion 92-52
… benefit corporation..." The purpose of the Authority is to construct, operate and manage a water supply and … agreements with any of the entities enumerated therein so long as the agreements are for a lawful purpose and … utility companies, individuals, firms or corporations. We do not believe that this is what the Legislature intended. …
https://www.osc.ny.gov/legal-opinions/opinion-92-52DiNapoli Announces Lowered Fees for New York State's 529 College Savings Direct Plan
… Plan has more than 650,000 accounts valued at more than $16 billion. “New York’s 529 College Savings Program has … oversee New York’s program. With approximately $16 billion in total assets, New York’s 529 Direct Plan is the … beginning in 2009 which decreased management fees from 0.55 percent to 0.17 percent. The Direct Plan offers a variety …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-announces-lowered-fees-new-york-states-529-college-savings-direct-planNYS Common Retirement Fund Reports Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the third quarter of the State Fiscal Year (SFY) 2019-20 was 5.28 percent for … The NYS Common Retirement Funds Fund estimated return in the third quarter of the State …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-reports-third-quarter-resultsOpinion 95-30
… between moneys received from public sources, such as real property taxes, and moneys received from private …
https://www.osc.ny.gov/legal-opinions/opinion-95-30NYS 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-resolutionInvesting in New York
… possible, the Comptroller guides the Fund to invest in New York-based business ventures, companies and other … Whenever possible the Comptroller guides the Fund to invest in New Yorkbased business ventures companies and other …
https://www.osc.ny.gov/common-retirement-fund/investing-new-yorkState Comptroller DiNapoli Releases School District Audits
… obtain or retain adequate support documentation. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/09/state-comptroller-dinapoli-releases-school-district-auditsClark Mills Fire District – Controls Over Financial Activities (2014M-315)
… Purpose of Audit The purpose of our audit was to determine if District controls to ensure …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/01/09/clark-mills-fire-district-controls-over-financial-activities-2014m-315