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York Central School District – Financial Management (2022M-96)
… more than $1 million is overfunded and may be enough to pay annual claims for 132 years. The District did not have a …
https://www.osc.ny.gov/local-government/audits/school-district/2022/10/07/york-central-school-district-financial-management-2022m-96Investment Advisory Committee
… is appointed by the Comptroller pursuant to Section 423 of the New York State Retirement and Social Security Law. The … by the Chief Investment Officer after the completion of an asset liability study. The Investment Advisory … Committee also periodically reviews the strategic plan of each Common Retirement Fund asset class, and monitors the …
https://www.osc.ny.gov/common-retirement-fund/resources/investment-advisory-committeeDiNapoli: Corporate America Must Show Progress on Diversity, Equity & Inclusion
… has asked the Kroger Company supermarket chain and Zoom Video Communications, Inc. to publicly disclose this data to …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-corporate-america-must-show-progress-diversity-equity-inclusionOpinion 96-22
… bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Capital Reserve Fund (transfer of moneys to … §6-e[2]). Towns may establish tax stabilization reserve funds for both townwide and town outside village purposes ( … on the use of moneys remaining in capital reserve funds established for a specific capital improvement. These …
https://www.osc.ny.gov/legal-opinions/opinion-96-22Opinion 88-51
… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- … are not authorized to establish capital reserve funds on behalf of improvement districts (General Municipal Law, …
https://www.osc.ny.gov/legal-opinions/opinion-88-51Examination of Center for Economic Growth, Inc.
… Center for Economic Growth, Inc.’s (CEG) claims for grant funds and associated matching expenses, reporting of revenue, … the Center for Economic Growth Incs CEG claims for grant funds and associated matching expenses repor …
https://www.osc.ny.gov/state-agencies/audits/2018/08/14/examination-center-economic-growth-incLow-Income Housing Trust Fund Program
… and disbursed in an efficient manner to help meet the State's critical low-income housing needs. The audit covers … rehabilitation of existing housing or the construction of new housing. One way the Corporation accomplishes this … Disabled Veterans (2010-S-42) Housing Affordability in New York State (March 2014) … To determine whether LowIncome …
https://www.osc.ny.gov/state-agencies/audits/2014/08/28/low-income-housing-trust-fund-programDiNapoli: Comcast Agrees To Disclose Political Spending
… Corp. to disclose political spending made with corporate funds. In December, as trustee of the New York State Common … Corp to disclose political spending made with corporate funds …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-comcast-agrees-disclose-political-spendingDiNapoli Statement on Charges Against Former Delhi Village Clerk
… New York State Comptroller Thomas P. DiNapoli released the … conducted by the Comptroller’s office and the New York State Police Bureau of Criminal Investigation. …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-statement-charges-against-former-delhi-village-clerkBroker Search for Internal Equity and Fixed Income
… or fixed income broker for the NYS Common Retirement Funds NYSCRF internally managed equity and fixed income po …
https://www.osc.ny.gov/common-retirement-fund/resources/broker-search-internal-equity-and-fixed-incomeDiNapoli Audit: Pre-K Special Education Provider Spent $2.5 Million in Unallowed Expenses
… provided or their hourly rate; and $173,539 in staff bonuses that were not supported by performance evaluations, …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-audit-pre-k-special-education-provider-spent-25-million-unallowed-expensesDiNapoli: Former Long Island School Official Pleads Guilty in Kickback Scheme
… pleaded guilty on October 27, 2022 to the same offense and is awaiting sentencing. Today’s proceeding was held before …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-former-long-island-school-official-pleads-guilty-kickback-schemeNYS Comptroller DiNapoli Writes to President Biden in Support of His Planned Veto of Anti-ESG Resolution
… investment decisions. They cannot be allowed to play political football with the retirement security of …
https://www.osc.ny.gov/press/releases/2023/03/nys-comptroller-dinapoli-writes-president-biden-support-his-planned-veto-anti-esg-resolutionState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… year, for the past seven years, we’ve been able to lower pension contribution rates or essentially keep them flat,” … management and a diverse portfolio we have kept the state pension fund strong and one of the best funded in the nation. … payroll. NYSLRS is made up of these two systems, which pay pension benefits to public employees. This marks the third …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredAwarding and Oversight of Statewide Interoperable Communications Grants
… through vouchers that counties submit to the Division for reimbursement of expenses. The Division is responsible for … to document results for progress tracking purposes. The reimbursement voucher approval process does not have a … Other Related Audit/Report of Interest New York State Homes and Community Renewal: Low-Income Housing Trust …
https://www.osc.ny.gov/state-agencies/audits/2017/07/18/awarding-and-oversight-statewide-interoperable-communications-grantsDiNapoli: Money Earmarked for Highway and Bridge Infrastructure Siphoned Off
… roughly level. In total, $5.3 billion has been spent on transportation capital projects since SFY 2012-13, while $12.3 billion was spent on debt service from past borrowings and $13.6 billion on … and consider augmenting the fund’s dedicated revenue streams. Reports Dedicated Highway and Bridge Trust Fund: At …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-money-earmarked-highway-and-bridge-infrastructure-siphoned-offDiNapoli: State Ends Third Quarter of State Fiscal Year on Solid Financial Footing
… deductible from federal taxes. Tax receipts exceeded the latest Financial Plan forecast by $12.9 billion over the … year, and $386.2 million higher than anticipated in the latest projections but $1.1 billion higher than initially … year for the same period and $217.7 million higher than latest projections and nearly $1.5 billion higher than …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-state-ends-third-quarter-state-fiscal-year-solid-financial-footingIX.8.A Accounting for Federal Refunds – IX. Federal Grants
… All federal refunds will be processed through AP as an adjustment voucher regardless of whether the grant award is open or closed with the federal agency or … There are two main reasons for processing refunds in AP: When the refund relates to a contract payment, the adjustment …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8a-accounting-federal-refundsComptroller DiNapoli Releases Municipal Audits
… today announced the following local government audits have been issued. Islip Fire District – Financial Condition … budget are reasonable. Although the city appears to have budgeted sufficiently for termination salary payments … limit. Auditors caution the city that if property values do not increase, its ability to increase taxes may be reduced …
https://www.osc.ny.gov/press/releases/2020/06/comptroller-dinapoli-releases-municipal-auditsDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… businesses. The corporation receives state and federal funds and allocates them to participating entities. Major … supported. EFC uses these resources along with state funds to provide subsidized loans and grants to … of assisting local governments in accessing revolving funds and grant resources by streamlining application …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-water