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DiNapoli: NYC Emergency Management Failing to Ensure the City is Prepared for Disasters
… and causing billions of dollars in damage, the city needs to be better prepared for another catastrophic event, according to an audit released today by New York State Comptroller … and endangering lives,” DiNapoli said. “The city needs to be ready, but inadequate coordination and limited …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nyc-emergency-management-failing-ensure-city-prepared-disastersDiNapoli: Problems Caused by Outdated System Left State's Unemployment Insurance Program Vulnerable to Fraud
… The state Department of Labor’s (DOL) failure to replace its long-troubled Unemployment Insurance (UI) system and ad hoc workarounds to compensate for the old system weakened oversight and ultimately contributed to an estimated billions of dollars in improper payments …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-problems-caused-outdated-system-left-states-unemployment-insurance-program-vulnerable-fraudXIX.4 Suballocations – XIX. Project Costing (PCIP)
… streamline the process by establishing additional policies and process guidance. The policies and process guidance will … reach out to supporting agencies when there are questions Answer questions from the owning agency of the projects … Establish and maintain the project’s supplemental data Answer questions from the owning agency of the projects …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix4-suballocationsState Agencies Bulletin No. 2134
… Services mailbox. Please reference Bulletin No. 2134 in the subject of your email. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2134-paycheck-distribution-may-4-2023-institution-cycle-paychecksNYS Common Retirement Fund Announces First Quarter Results
… mortgages (26.7 percent), private equity (7.8 percent), real estate (7 percent), absolute return strategies (3.3 percent) and opportunistic alternatives and real assets (1.3 percent). DiNapoli initiated quarterly …
https://www.osc.ny.gov/press/releases/2016/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Announces First Quarter Results
… returns continued to buoy our investments through the opening months of the state fiscal year," DiNapoli said. "As …
https://www.osc.ny.gov/press/releases/2017/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Announces Third Quarter Results
… The New York State Common Retirement Fund’s (CRF) overall return in the third quarter of state fiscal … Thomas P. DiNapoli. "The state pension fund enjoyed a solid third quarter and, barring a significant downturn, is … and strengthened the state pension fund to what it is today – a highly diversified fund with its highest ever …
https://www.osc.ny.gov/press/releases/2017/02/nys-common-retirement-fund-announces-third-quarter-resultsNYS Common Retirement Fund Announces Second Quarter Results
… mortgages (26.7 percent), private equity (7.6 percent), real estate (6.9 percent), absolute return strategies (3.2 percent) and opportunistic alternatives and real assets (1.3 percent). DiNapoli initiated quarterly …
https://www.osc.ny.gov/press/releases/2016/11/nys-common-retirement-fund-announces-second-quarter-resultsDiNapoli: Unsafe Conditions, Questionable Spending Found at Affordable NYC Housing Complexes
… and Development (HPD), according to an audit released today by New York State Comptroller Thomas P. DiNapoli. … and Development HPD according to an audit released today by New York …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-unsafe-conditions-questionable-spending-found-affordable-nyc-housing-complexesDiNapoli Presses Companies on Political Disclosure
… on corporate political spending, DiNapoli has made it a priority to engage the Fund's portfolio companies urging … PACs accounted for between 68.6 percent ($310 million in 2009-10) and 72.8 percent ($379 million in 2013-14) of all … Retirement Fund The New York State Common Retirement Fund is the third largest public pension fund in the United …
https://www.osc.ny.gov/press/releases/2019/02/dinapoli-presses-companies-political-disclosureNYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2020-21 was 10.35 percent for … Fund remains one of the nation’s strongest public pension funds. Pew Charitable Trusts' latest analysis of state …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsTown of Marion – Misappropriation of Justice Court Cash Collections (2023M-149)
… Audit Objective Determine whether the Justices and Town of Marion (Town) Board provided adequate oversight of the Justice Court (Court) to ensure cash collections were … The Justices and Board did not provide adequate oversight of Court financial activities. As a result, the former court …
https://www.osc.ny.gov/local-government/audits/town/2024/01/26/town-marion-misappropriation-justice-court-cash-collections-2023m-149Village of Clayville – Board Oversight (2015M-115)
… for the period June 1, 2013 through December 31, 2014. Background The Village of Clayville is located in the … five-member Village Board. Budgeted appropriations for the 2014-15 fiscal year were approximately $491,000. Key Findings …
https://www.osc.ny.gov/local-government/audits/village/2015/10/23/village-clayville-board-oversight-2015m-115Village of Brushton – Fiscal Oversight (2014M-235)
… a population of approximately 475. The Village is governed by an elected three-member Board of Trustees. Budgeted … budget status report and bank reconciliations accompanied by the bank statements. Ensure that the Clerk-Treasurer files …
https://www.osc.ny.gov/local-government/audits/village/2014/11/21/village-brushton-fiscal-oversight-2014m-235Oversight of Selected Fiscal Aspects of Homeless Shelter Services (Follow-Up)
… report, Oversight of Selected Fiscal Aspects of Homeless Shelter Services (Report 2016-N-1 ). About the Program Governed by a “right to shelter” mandate, New York City provides temporary emergency shelter to every eligible person who requests services. DHS, …
https://www.osc.ny.gov/state-agencies/audits/2020/05/06/oversight-selected-fiscal-aspects-homeless-shelter-services-followComparison of PFRS Benefits
… Below is a comparison of Police and Fire Retirement System (PFRS) benefits by tier. Tier 2 Tier 3 … plan. Article 14: 3% for 25 years or until retirement, whichever is earlier. 3% until retirement unless the member’s plan limits creditable service … of key PFRS benefits including vesting contributions retirement age final average salary and benefit calculations …
https://www.osc.ny.gov/retirement/employers/comparison-pfrs-benefitsUpdate on New York City Staffing Trends
New York City employs the largest municipal workforce in the United States. Prior to the pandemic, the City government (which, unlike many local governments, includes its schools), employed about 300,400 full-time employees, an increase of 33,023 employees since City fiscal year (FY) 2012.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-13-2023.pdfProperty Tax Cap for School Districts Webinar Presentation
Please join us as we 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/property-tax-cap-for-school-districts-02-09-2022.pdfVII.5 Document Retention Requirements – VII. State Revenues and Appropriated Loan Receivables
… in Chapter XIV, Section 9 – Statewide Financial System Imaging and Attachment Guidance of this Guide. Guide to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii5-document-retention-requirementsVillage of Morris – Fund Balance (2017M-58)
… by an elected three-member Village Board. General fund and water fund budgeted appropriations for 2016-17 were $477,785 … $338,000, or 159 percent of actual expenditures, and the water fund balance increased by 58 percent to $238,700, or … both the general and water funds, the contingency budget line exceeded the maximum allowable amount each year by an …
https://www.osc.ny.gov/local-government/audits/village/2017/06/09/village-morris-fund-balance-2017m-58