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NYS Common Retirement Fund Reports Second Quarter Results
… 2019-20 was 1.16 percent for the three-month period ending Sept. 30, 2019, with an estimated value of $215.4 billion, … investing, which recently included lowering our assumed rate of return to 6.8 percent,” DiNapoli said. “The Fund … assets invested in publicly traded domestic equities and 15.2 percent in international public equities. The remaining …
https://www.osc.ny.gov/press/releases/2019/11/nys-common-retirement-fund-reports-second-quarter-resultsComptroller DiNapoli Releases School Audits
… and the Washingtonville Central School District . "In an era of limited resources and increased accountability, … to access the system, they are not routinely changed. In addition, cashiers can make adjustments to the sales … and 2012-13 called for using a total of about $3.1 million in reserves and surplus funds to finance operations; however, …
https://www.osc.ny.gov/press/releases/2014/06/comptroller-dinapoli-releases-school-audits-0IX.6.F Agency Draw Procedures – IX. Federal Grants
… state agencies understand the impact that disbursements have on the State’s checking account cash balance. When a … taken into consideration when determining whether agencies have the ability to improve the cash management of their … amounts using their internal procedures. Agencies have access to various standard SFS reports to assist in the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6f-agency-draw-proceduresExamples from GASB Statement 34 - Statement of Cash Flows
… Sample City Statement of Cash Flows Proprietary Funds For the Year Ended December 31, 2002 Business-Type Activities Enterprise Funds Governmental Activities Water and Sewer Parking Facilities Totals Internal Service Funds CASH FLOWS FROM OPERATING ACTIVITIES …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-cash-flowsTown of Thurston – Financial Management (2013M-280)
… 31, 2013. Background The Town of Thurston is located in Steuben County and has approximately 1,350 residents. The … general and highway funds. Expenditures from those funds in the 2013 fiscal year totaled approximately $827,500. Key … did not adopt a policy, or ensure that procedures were in place, to govern the level of fund balance to be …
https://www.osc.ny.gov/local-government/audits/town/2014/07/18/town-thurston-financial-management-2013m-280NYS Common Retirement Fund Reports Second Quarter Results
… Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2020-21 was 6.24 percent for … 30, 2020, and ended the quarter with an estimated value of $226.4 billion, according to New York State Comptroller Thomas P. DiNapoli. “A second straight quarter of strong investment returns raised the pension fund’s …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsProcurement Practices
… contracting practices provide sufficient assurance that funds are spent appropriately, are in the best interest of … of its mission, Buffalo spent nearly $330 million in State funds on procurements between April 2016 and September 2018. … contracting practices provide sufficient assurance that funds …
https://www.osc.ny.gov/state-agencies/audits/2019/10/03/procurement-practicesOversight of the Supported Housing Program – Rehabilitation Support Services, Inc.
… to August 31, 2016. Background OMH provides services to New York State residents with mental illness both directly (through …
https://www.osc.ny.gov/state-agencies/audits/2017/05/04/oversight-supported-housing-program-rehabilitation-support-services-incXV.15 Fund Classification Manual – XV. End of Year
… throughout the year to reflect changes made to various funds pursuant to legislation. Guide to Financial Operations … throughout the year to reflect changes made to various funds pursuant to legislation …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv15-fund-classification-manualXV.14 Federal Admin Recoveries – XV. End of Year
… Transfer authorization authority for Federal Transfers to Other Funds (Source 9’s) lapses on the last day of the … the dates specified may not provide OSC sufficient time to conclude its review prior to the beginning of the SFS blackout period. Agencies should …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv14-federal-admin-recoveriesIX.12.G Check Clearance Patterns – IX. Federal Grants
… a state’s bank account each day after the state makes a disbursement of federal funds. That is, the clearance pattern reflects how those … federal funds are held in state bank accounts. Guide to Financial Operations REV. 03/19/2012 … A check clearance …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12g-check-clearance-patternsOpinion 95-12
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … and Duties (authority to deposit or invest funds with a State or federally chartered savings bank) MUNICIPAL FUNDS -- … and Investments (authority to deposit or invest with a State or federally chartered savings bank) GENERAL MUNICIPAL …
https://www.osc.ny.gov/legal-opinions/opinion-95-12IX.9.A Transfer Authorizations – IX. Federal Grants
… the authorizations necessary to transfer federal grant funds to reimburse other state funds for costs associated with the administration of federal grant funds. These costs include, but are not limited to: Personal …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9a-transfer-authorizationsBroadalbin-Perth Central School District – Cash Management (2020M-65)
… Key Findings District officials did not develop and manage a comprehensive investment program. As a result, officials did not maximize interest earnings for the District. Officials did not formally solicit interest …
https://www.osc.ny.gov/local-government/audits/school-district/2020/10/09/broadalbin-perth-central-school-district-cash-management-2020m-65North Bellmore Union Free School District – Financial Condition (2014M-47)
… financial operations and the use of fund balance for the period of July 1, 2012 through June 30, 2013. … with approximately 2,100 students. Budgeted appropriations for the 2013-14 fiscal year total approximately $50.5 … Develop and adopt budgets that include realistic estimates for appropriations and unexpended surplus funds. Review fund …
https://www.osc.ny.gov/local-government/audits/school-district/2014/06/20/north-bellmore-union-free-school-district-financial-condition-2014m-47DiNapoli: State Pension Fund Value $194.3 Billion
… early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered … employees, retirees and their beneficiaries. The Fund's value reflects retirement and death benefits of $13.25 … expected rate of return is 6.8 percent. The Fund’s value and rate of return in prior years is available online: …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionComptroller DiNapoli, A.G. Schneiderman, State & DOI Commissioner Mark Peters Announce Conviction of Non-Profit Executive Involved in Six-Year Theft Scheme
… General Eric T. Schneiderman and New York City Department of Investigation (NYC DOI) Commissioner Mark Peters today … Inspector General, Northeast Region. Ogundu received two types of government grants for Angeldocs: program grants to … taxpayer money by calling the toll-free Fraud Hotline at 1-888-672-4555, by filing a complaint online at …
https://www.osc.ny.gov/press/releases/2015/10/comptroller-dinapoli-ag-schneiderman-state-doi-commissioner-mark-peters-announce-conviction-nonDiNapoli Releases Analysis of 2023-24 Enacted State Budget
… the MTA after massive ridership declines,” DiNapoli said. “It also comes at a time when revenues appear to be … to the statutory rainy day reserve funds. DiNapoli said policymakers should require mandatory deposit levels and …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-releases-analysis-2023-24-enacted-state-budgetOpinion 98-12
… and distinct from any other funds received into the said treasury. This Office has long expressed the opinion …
https://www.osc.ny.gov/legal-opinions/opinion-98-12Central Islip Union Free School District – Financial Management (2013M-380)
… of the District’s budgets and financial condition for the period July 1, 2012 through June 30, 2013. Background … seven elected members. The District’s expenditures for the 2012-13 fiscal year were $168.5 million. Key Findings … overestimated expenditures in the Board-adopted budgets for fiscal years 2008-09 through 2012-13, resulting in …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/21/central-islip-union-free-school-district-financial-management-2013m-380