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2024 Corporate Governance Stewardship Report
Our Corporate Governance Program works to help protect the New York State Common Retirement Fund’s long-term value by exercising prudent stewardship of our portfolio by engaging with the public companies we invest in on key environmental, social, and governance issues that have a financial impact.
https://www.osc.ny.gov/files/reports/special-topics/pdf/2024-corporate-governance-stewardship-report.pdf2025 Corporate Governance Stewardship Report
Our Corporate Governance Program works to help protect the New York State Common Retirement Fund’s long-term value by exercising prudent stewardship of our portfolio by engaging with the public companies we invest in on key environmental, social, and governance issues that have a financial impact.
https://www.osc.ny.gov/files/reports/special-topics/pdf/2025-stewardship-priorities.pdfOperational Advisory No. 27
… Subject: Accounting Date Policy Change Confirmation Reference: Guide … Operations (GFO), Chapter XIV, Section 2 - Obligation, Accounting and Budget Dates Guidance: Effective April 1, …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/27-accounting-date-policy-change-confirmationState Comptroller DiNapoli Releases State Audits and Examinations
… York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued: … problems identified in the initial audit. New York State Health Insurance Program (NYSHIP): United HealthCare: … Joint. Further, by not collecting members' out-of-pocket costs, LI Bone and Joint negated the incentive for members to …
https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-releases-state-audits-and-examinationsDutchess County – County Bridge Maintenance (S9-13-5)
… their bridges to ensure the safety of those who travel on them for the period January 1, 2007, to December 31, 2011. … The County’s budgeted expenditures totaled $411 million in 2012. The County is governed by a 25-member County … for bridge maintenance and repair, it has taken action in recent years to improve and maintain bridge ratings. We …
https://www.osc.ny.gov/local-government/audits/county/2013/07/19/dutchess-county-county-bridge-maintenance-s9-13-5CUNY Bulletin No. CU-294
… agencies with information for the manual processing of the Ratification Bonus. Affected Employees Annual and hourly employees in Bargaining Unit TE with a title of Staff Nurse, Staff Nurse (hourly) or Nurse Practitioner … Background Pursuant to the 2003-2007 Memorandum of Agreement between the City University of New York and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-294-ratification-bonus-payment-employees-represented-new-yorkTown of Wawayanda – Financial Management and Information Technology (2013M-260)
… April 30, 2013. Background The Town of Wawayanda, located in Orange County, has a population of approximately 7,300. … levy for the past three years and an anticipated reduction in the 2014 tax levy. However, the Town's unexpended surplus … balance to increase significantly from about $2.3 million in 2010 to almost $3.3 million at the end of 2012. Unexpended …
https://www.osc.ny.gov/local-government/audits/town/2013/11/29/town-wawayanda-financial-management-and-information-technology-2013m-260United HealthCare – Payments for Fraudulent and Improper Claims Submitted by Davis Ethical Pharmacy (Follow-Up)
… Purpose To determine the extent of implementation of the three recommendations included in our initial audit … determined that Davis Ethical likely fabricated nearly all of the improper claims. Davis Ethical processed many of the …
https://www.osc.ny.gov/state-agencies/audits/2016/02/18/united-healthcare-payments-fraudulent-and-improper-claims-submitted-davis-ethical-pharmacySullivan County – County Jail Operations (2013M-33)
… Purpose of Audit The purpose of our audit was to examine County jail operations and … Background Sullivan County is located in the southern part of New York State and has a population of 77,547. The County …
https://www.osc.ny.gov/local-government/audits/county/2013/06/14/sullivan-county-county-jail-operations-2013m-33Village of Lyndonville – Leave Time Benefits and Information Technology (2012M-259)
… Purpose of Audit The purpose of our audit was to determine if leave time benefits were … 1, 2007, through November 7, 2012. Background The Village of Lyndonville is located in the Town of Yates in Orleans …
https://www.osc.ny.gov/local-government/audits/village/2013/03/08/village-lyndonville-leave-time-benefits-and-information-technology-2012m-259DiNapoli: New York City Man Charged with Stealing Over $50,000 in Pension Benefits Meant for Deceased Sister-in-Law
… A 69-year-old Manhattan man, Randy Ray, was arrested today for allegedly stealing more than $50,000 in pension benefits … payments made after his sister-in-law’s death and used the money to pay credit card bills, travel, and make online purchases. Ray was arraigned on a charge of grand …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-new-york-city-man-charged-stealing-over-50000-pension-benefits-meant-deceased-sister-lawState Comptroller DiNapoli Releases School District Audits
… services totaling approximately $4.3 million (93 percent) of those reviewed. The district had written agreements with … Central School District – Cash Management (Tioga County) Interest earnings were not maximized. District officials did not develop and manage a comprehensive investment program or comply with the …
https://www.osc.ny.gov/press/releases/2020/11/state-comptroller-dinapoli-releases-school-district-audits-1Montgomery County – Financial Condition (2013M-234)
… three years, the County incurred operating deficits. As a result, the financial condition of the general fund has … The County’s declining financial condition is the result of poor budgeting and financial management practices …
https://www.osc.ny.gov/local-government/audits/county/2013/10/04/montgomery-county-financial-condition-2013m-234Comptroller DiNapoli Releases School Audits
… P. DiNapoli today announced his office completed audits of the Alfred-Almond Central School District , Beacon City … Niagara-Wheatfield Central School District . “In an era of limited resources and increased accountability, it’s … auditors that they discovered through an informal review of leave records that the former treasurer attempted to …
https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-releases-school-audits-1Comptroller DiNapoli Releases School Audits
… P. DiNapoli today announced his office completed audits of the Alfred-Almond Central School District , Beacon City … Niagara-Wheatfield Central School District . “In an era of limited resources and increased accountability, it’s … auditors that they discovered through an informal review of leave records that the former treasurer attempted to …
https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-releases-school-auditsOpinion 94-10
… the opinion. MUNICIPAL FUNDS -- Town Charges (human rights commission) TOWNS -- Powers and Duties (part-town human … et seq.) governs the establishment and operation of local commissions on human rights. Section 239-o of the … a local commission on human rights at one level of local government does not preclude establishment of a commission at …
https://www.osc.ny.gov/legal-opinions/opinion-94-10XII.5.N Processing Vouchers using the MSC01 Business Unit – XII. Expenditures
… Process and Document Preparation In the event that an agency must … must use its own Business Unit code on the voucher header and reference the MSC01 Business Unit on the distribution … must use its own Business Unit code on the voucher header and reference the MSC01 Business Unit on the distribution …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii5n-processing-vouchers-using-msc01-business-unitDiNapoli Expands Anti-Corruption Initiative
… of Investigations to build on efforts which resulted in 30 arrests and the restitution of $3 million last year. … investigations. Prior to joining the Comptroller’s office in 2011, he was chief counsel to the state Inspector General, an assistant attorney general in the state Attorney General’s office and an assistant …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-expands-anti-corruption-initiativeTown of Philipstown - Board Oversight of Water Billing Operations (2019M-43)
… of water billing operations. Key Finding The Board did not provide proper oversight over the water clerk or … duties or design compensating controls. Provide oversight to ensure water billings are accurate and complete. Amend the Town code water penalty to comply with Town Law. Town officials agreed with our …
https://www.osc.ny.gov/local-government/audits/town/2019/05/24/town-philipstown-board-oversight-water-billing-operations-2019m-43Ending Your Membership – State Police Plan
… Once you join, there are five ways your membership can end: If you are not vested and you leave public …
https://www.osc.ny.gov/retirement/publications/1518/ending-your-membership