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DiNapoli: State Pension Fund Posts Strong 11.94% Annual Return, Closes at Record High of $295.4 Billion

… billion — the highest fiscal year-end value in the Fund’s history. “The New York State Common Retirement Fund … fiscal health. While annual returns can fluctuate with market conditions, the Fund continues to deliver strong …

https://www.osc.ny.gov/press/releases/2026/05/dinapoli-state-pension-fund-posts-strong-11-point-94-percent-annual-return-closes-at-record-high-295-point-4-billion

Overview of Governmental Accounting

This session will familiarize local officials with the accounting process for municipalities and some of the unique elements of governmental accounting. It will include an overview of Generally Accepted Accounting Principles (GAAP), the Uniform Accounting System, measurement focus and encumbrances.

https://www.osc.ny.gov/files/local-government/academy/pdf/overview-governmental-accounting-022824.pdf

Virtual Currency Licensing (2022-S-18)

To determine whether the Department of Financial Services (DFS) provides adequate oversight of the applications for, and the supervision and examination of, virtual currency licensees to ensure compliance with New York Codes, Rules and Regulations (NYCRR) Title 23, Part 200.

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s18.pdf

Property Tax Cap Reporting - School Districts

This session will provide an overview of the Property Tax Cap Program for School Districts. Presenters will discuss the Property Tax Cap Legislation, highlight some common reporting errors, and review reporting requirements. We will also demonstrate the online reporting system.

https://www.osc.ny.gov/files/local-government/academy/pdf/tax-cap-school-districts-2-9-23.pdf

Managing Cash Flow

This webinar will help local officials understand various procedures to control and account for cash. We will include key information on cash control and reporting, collection and disbursement procedures and cash flow forecasting and how these activities affect cash flow models.

https://www.osc.ny.gov/files/local-government/academy/pdf/managing-cash-flow-022625.pdf

Climate Act Goals – Planning, Procurements, and Progress Tracking (2022-S-4) 180-Day Response

To determine if the Public Service Commission (PSC) and the New York State Energy Research and Development Authority (NYSERDA) adequately planned to achieve the Climate Leadership and Community Protection Act (Climate Act) goals, followed proper procurement practices for projects designed to...

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s4-responsePSC.pdf

Climate Act Goals – Planning, Procurements, and Progress Tracking (2022-S-4) 180-Day Response

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s4-responseNYSERDA.pdf

Real Property Portfolio (2022-S-14)

To determine whether Empire State Development (ESD) fully and accurately accounted for and reported its real property holdings and the need to either hold or dispose of properties, and if ESD disposed of real property in a manner beneficial to the State.

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s14.pdf

Climate Act Goals – Planning, Procurements, and Progress Tracking (2022-S-4)

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s4.pdf

Virtual Currency Licensing (2022-S-18) 180-Day Response

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s18-response.pdf

Homeownership Rates in New York

In New York, that dream appears unattainable for a large share of the population: New York has the lowest homeownership rate among the states, with only 53.6 percent owning a home in the second quarter of 2022, compared to 65.8 percent nationally.

https://www.osc.ny.gov/files/reports/pdf/homeownership-rates-in-ny.pdf

Review of the Financial Plan of the City of New York, August 2022

The City’s adopted budget for Fiscal Year (FY) 2023 reflects the countervailing forces of extraordinary efforts by the federal government to boost the economy over the last two years and an economic slowdown due to unanticipated factors, including supply chain issues.

https://www.osc.ny.gov/files/reports/osdc/pdf/report-6-2023.pdf

Review of the Financial Plan of the City of New York, May 2022

The release of New York City’s $99.7 billion Fiscal Year (FY) 2023 Budget - $104.9 billion when adjusted for surplus transfers - and Financial Plan (the “April Plan”) signifies a remarkable fiscal turnaround since the adoption of the FY 2022 budget in June 2021.

https://www.osc.ny.gov/files/reports/osdc/pdf/report-4-2023.pdf

City of Long Beach – Budget Review (B21-7-6)

Determine whether the significant revenue and expenditure projections in the City’s proposed budget for the 2021-22 fiscal year are reasonable, and whether the City took appropriate action to implement or resolve recommendations from our budget review issued in May 2020.

https://www.osc.ny.gov/files/local-government/audits/2021/pdf/long-beach-budget-review-b21-7-6.pdf

State Comptroller DiNapoli Releases Municipal Audits

… accurately maintain employee leave records. Leave balances for the former deputy highway superintendent from 2015 … was attributed to the deputy’s failure to use sick leave for lost time due to an occupational injury, which resulted in an overpayment of his health and dental premiums of $6,411. The 2018 and 2019 leave balances of six …

https://www.osc.ny.gov/press/releases/2022/04/state-comptroller-dinapoli-releases-municipal-audits

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