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DiNapoli and Oneida DA McNamara Announce Arrests of Utica School Superintendent and Former Utica Mayor for Theft of Public Funds
… and the New York State Police today announced the arrest of the long-time superintendent of the Utica City School District (UCSD) Bruce Karam and the former Utica Mayor … Comptroller DiNapoli today announced the arrest of the longtime superintendent of the Utica City School …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-and-oneida-da-mcnamara-announce-arrests-utica-school-superintendent-and-former-utica-mayorVillage of Churchville – Financial Management (2025M-128)
… the Village’s unrestricted fund balance totaled $866,628 in the general fund and $53,289 in the sewer fund and the Village’s reserves totaled $912,440 in the general fund and $397,827 in the sewer fund. Audit …
https://www.osc.ny.gov/local-government/audits/village/2026/02/13/village-churchville-financial-management-2025m-128DiNapoli: Investment in Upstate Company Returns $33.8 Million to State Pension Fund
… in East Greenbush, New York and has offices in Chicago, Los Angeles, Beijing, London, Munich and Sydney. www.autotask.com …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-investment-upstate-company-returns-338-million-state-pension-fundDiNapoli Announces $15 Million Investment in Northern Ireland
… The allocation followed an intensive analysis by 57 Stars LLC, the manager of the Fund’s $100 million Emerging … team,” said Stephen O’Neill, Managing Director of 57 Stars. “Northern Ireland benefits from great universities and … economic climate in Northern Ireland.” The Fund and 57 Stars continue to seek out opportunities throughout Northern …
https://www.osc.ny.gov/press/releases/2014/03/dinapoli-announces-15-million-investment-northern-irelandState Comptroller DiNapoli Releases Municipal Audits
… and timely accounting records or properly reconcile bank accounts in a timely manner. About $5 million of real … tax revenue was not posted to the accounting records. Bank reconciliations were generally performed two to three … annual financial reports, constitutional tax limit forms and adopted budgets were not filed in a timely manner, …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-dinapoli-releases-municipal-auditsComptroller DiNapoli Releases Municipal Audits
… of information on the town’s water system. Finally, there are no written policies, procedures, standards or guidelines …
https://www.osc.ny.gov/press/releases/2019/03/comptroller-dinapoli-releases-municipal-auditsLancaster Central School District – Financial Management (2022M-37)
Determine whether the Lancaster Central School District (District) Board of Education (Board) and District officials properly managed fund balance and reserve funds.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/lancaster-2022-37.pdfGreenwich Central School District – Extra-Classroom Activities (2021M-20)
Determine whether Greenwich Central School District (District) officials adequately safeguarded extra-classroom activity (ECA) funds and collections and disbursements were properly accounted for.
https://www.osc.ny.gov/files/local-government/audits/2021/pdf/greenwich-central-2021-20.pdfPolicy Regarding Use of Placement Agents By Investment Managers
This policy is designed to prevent conflicts of interest or the appearance of conflicts of interest in the Fund's investment decision-making process.
https://www.osc.ny.gov/files/common-retirement-fund/pdf/placement-agents-policy.pdfTown of Warwick - Water and Sewer Fund Financial Condition (2018M-259)
Determine whether Town officials effectively managed the water and sewer funds’ financial condition to ensure the sustainability of current and future operation
https://www.osc.ny.gov/files/local-government/audits/pdf/warwick-259.pdfEnvironmental, Social and Governance Report, March 2017
This report reviews the Fund’s ESG milestones and details the process we are following to implement its ESG investment philosophy and strategies.
https://www.osc.ny.gov/files/reports/special-topics/pdf/esg-report-mar2017.pdfComptroller’s Fiscal Update: Revenue Trends through the First Quarter, State Fiscal Year 2014-15, July 2014
All Governmental Funds tax collections through the first quarter were $1.3 billion higher than projected in this year’s Enacted Budget Financial Plan.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-update-1st-quarter-2014-15.pdfComptroller's Fiscal Update: Revenue Trends through the First Quarter, State Fiscal Year 2013-14, July 2013
All Governmental Funds tax collections through the first quarter were $321 million higher than projected in this year’s Enacted Budget Financial Plan.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-update-1st-quarter-2013-14.pdfDiNapoli Releases Analysis of State Financial Plan, Warns of Federal Risks
… fiscal challenges, including lower revenue targets and possible federal budget and tax changes, according to a report on the state's Enacted … because of uncertainty in Washington, falling revenues, and fiscal practices that obscure the level of spending," …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-releases-analysis-state-financial-plan-warns-federal-risksHousing Trust Fund Corporation – Internal Controls Over and Maximization of Federal Funding for Various Section 8 Housing Programs and the COVID Rent Relief Program (Follow-Up)
… Any HAP funds that are disbursed but not spent during the calendar year are retained in an HCR-held HAP reserve called … fees paid by HUD that are not expended by HCR during a calendar year must be held in an administrative fee reserve …
https://www.osc.ny.gov/state-agencies/audits/2024/12/04/housing-trust-fund-corporation-internal-controls-over-and-maximization-federal-fundingDivision of Housing and Community Renewal: Physical and Financial Conditions at Selected Mitchell-Lama Developments in New York City
… Objectives To determine whether tenants living in Mitchell-Lama developments supervised by Homes and … The Mitchell-Lama Housing program (Program) was created in 1955 by the Limited Profit Housing Act, to provide … over 105,000 apartments, were built under the Program. In exchange for low-interest mortgage loans and real property …
https://www.osc.ny.gov/state-agencies/audits/2023/06/15/division-housing-and-community-renewal-physical-and-financial-conditions-selected-mitchellDiNapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers
… financial impact from the 2022 Inflation Reduction Act (IRA), including close to $2 billion in funds for … Washington could lead to delays or cuts to the remaining IRA funds and tax credits,” DiNapoli said. “Given the strong … small businesses, farmers, and nonprofits, preserving the IRA’s grant and tax credit programs should be a priority. If …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-federal-funding-uncertainty-jeopardizes-impact-inflation-reduction-act-new-yorkersNYSLRS Announces Employer Contribution Rates for Retirement System for 2021-22
… gone down or remained relatively flat for several years, but demographic changes, such as longer lifespans, and market … “As the COVID-19 pandemic continues to create uncertainty in the financial markets and hurt Main Street, we are … to withstand tough challenges so that our public workforce can be confident their retirement benefits are secure. …
https://www.osc.ny.gov/press/releases/2020/09/nyslrs-announces-employer-contribution-rates-retirement-system-2021-22State Comptroller DiNapoli Releases School Audits
… district and charter school finances and operations, my office continues to provide taxpayers the assurance that … that it was within the 4 percent statutory limit imposed on the level of unrestricted fund balance. Wantagh Union Free … were reasonable and adopting realistic budgets based on historical costs and trends. As a result, the district …
https://www.osc.ny.gov/press/releases/2016/12/state-comptroller-dinapoli-releases-school-audits-0State Comptroller DiNapoli Releases Municipal Audits
… and Leave Benefits (Orange County) City officials did not accurately pay employees’ salaries, wages and benefits or … and found exceptions totaling $292,205, including $191,253 in potential overpayments. As a result, the city paid … levied more taxes than necessary. From fiscal years 2019 through 2023, revenues were underestimated and expenditures …
https://www.osc.ny.gov/press/releases/2025/05/state-comptroller-dinapoli-releases-municipal-audits-0