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McConnellsville Fire District – Financial Operations (2014M-19)

… Purpose of Audit The purpose of our audit was to review the oversight of financial operations of the District for the period of …

https://www.osc.ny.gov/local-government/audits/fire-district/2014/04/04/mcconnellsville-fire-district-financial-operations-2014m-19

Chenango County Industrial Development Agency – Project Approval and Monitoring (2022M-10)

… applications. Develop the required cost-benefit analysis for each project it evaluated and approved. Cumulatively …

https://www.osc.ny.gov/local-government/audits/county/2022/04/22/chenango-county-industrial-development-agency-project-approval-and-monitoring

Cost-Saving Ideas: Legal Requirements

… Cash Management for Local Governments General Municipal Law (GML) Section 10 … designation of one or more "banks" or "trust companies" for deposit of public funds and for the securing of public deposits. Section 11 allows for …

https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirements

DiNapoli Announces Interim CIO for the New York State Common Retirement Fund

… beneficiaries." "My gratitude goes to Comptroller DiNapoli for his trust and support. We have worked diligently to grow … opportunity to advance the great work we have performed for the Fund in recent years," Titarchuk said. "I look … staff." Titarchuk, who has worked in the financial sector for two decades, joined the Fund in 2011. DiNapoli appointed …

https://www.osc.ny.gov/press/releases/2018/07/dinapoli-announces-interim-cio-new-york-state-common-retirement-fund

NY State Comptroller Thomas P. DiNapoli Statement on the SEC's Adoption of Climate Change Disclosure Rule

… Change Disclosure Rule: “This is a significant victory for investors who are committed to mitigating the real … as we navigate our path to net zero by 2040. “For nearly 15 years, I have called on the SEC to mandate the … in the protection of this rule and continue to advocate for further disclosure, like the disclosure of ‘scope 3 …

https://www.osc.ny.gov/press/releases/2024/03/ny-state-comptroller-thomas-p-dinapoli-statement-secs-adoption-climate-change-disclosure-rule

NY State Comptroller DiNapoli Announces Responsible Workforce Management Policy for Private Equity Investments

… which in turn can provide a competitive advantage for companies and their investors.” The private equity … and Proxy Voting Guidelines , which outline expectations for public companies in its global equities portfolio. NYS …

https://www.osc.ny.gov/press/releases/2024/04/ny-state-comptroller-dinapoli-announces-responsible-workforce-management-policy-private-equity

DiNapoli: No Good Options for MTA to Manage Hole in Capital Funding

… in the coming weeks and months will affect riders for years to come,” DiNapoli said. “The MTA will be forced to … revenue, inclusive of $2 billion in federal matching funds for SAS Phase 2. The MTA must work with its federal partners … is likely to be smaller than its predecessor, adjusted for inflation and excluding the self-funding Bridges and …

https://www.osc.ny.gov/press/releases/2024/06/dinapoli-no-good-options-mta-manage-hole-capital-funding

DiNapoli: State Pension Fund Adds Another $20 Million to Investing in New York Program

… to the Tribeca Venture Partners Growth Fund to invest in local companies, New York State Comptroller Thomas P. … The transaction raises the total commitments of DiNapoli's In-State Private Equity Program (the In-State Program) to … has generated solid investment returns for the state pension fund and has supported thousands of local jobs. Our …

https://www.osc.ny.gov/press/releases/2018/04/dinapoli-state-pension-fund-adds-another-20-million-investing-new-york-program

NYSLRS Announces Employer Contribution Rates for 2024-25

… survivors. There are nearly 3,000 participating employers in ERS and PFRS, and more than 300 different retirement plan … Last fiscal year, $15.5 billion were paid out in benefits. “Our state’s pension fund remains one of the strongest pension funds in the nation, and the rates announced today will help ensure …

https://www.osc.ny.gov/press/releases/2023/08/nyslrs-announces-employer-contribution-rates-2024-25

DiNapoli Releases Recommendations From Decarbonization Advisory Panel

… served voluntarily. The panel was charged with offering strategies for the Comptroller’s consideration on how the … exposure to climate risk, but we need to engage in more strategies to protect the long-term value of the Fund. The … and help avoid investment managers whose operations and strategies are not sustainable. The panel also recognized …

https://www.osc.ny.gov/press/releases/2019/04/dinapoli-releases-recommendations-decarbonization-advisory-panel

Opinion 88-76

… source funds when determining the amount to be raised as tax revenues for library purposes. Finally, with regard to an …

https://www.osc.ny.gov/legal-opinions/opinion-88-76

Corporate Governance

… companies with sound, sustainable and profitable long-term strategies. Companies are increasingly recognizing that … fires off letter to 5 companies seeking disclosure Top New York official asks Best Buy about its commitment to …

https://www.osc.ny.gov/common-retirement-fund/corporate-governance

State Comptroller DiNapoli Releases School District Audits

… appropriately sought competition through requests for proposals or quotes for professional services totaling approximately $4.3 million … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …

https://www.osc.ny.gov/press/releases/2020/11/state-comptroller-dinapoli-releases-school-district-audits-1

DiNapoli Urges Parents to Open a College Savings Account for Their Children

… College Saving Program has helped New York residents pay for more than $230 million in college-related expenses in … Education Services Corp., is designed to help parents save for college and offers tax deductions up to $10,000 annually. … is to plan ahead. It’s never too early to begin saving for your child’s future," DiNapoli said. "I encourage parents …

https://www.osc.ny.gov/press/releases/2014/05/dinapoli-urges-parents-open-college-savings-account-their-children

State Comptroller DiNapoli Releases Municipal & School Audits

… The board did not adopt written policies and procedures for cash receipts and disbursements and online banking. In … former bookkeeper were referred to outside law enforcement for review. Brighton Central School District – Procurement … Over an 18-month period, officials missed an opportunity for BOCES to realize additional interest earnings totaling …

https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-audits

State Comptroller DiNapoli Releases Municipal & School Audits

… could not determine whether deposits were generally made in a timely manner. Auditors reviewed 29 deposits totaling … investment account that is not statutorily authorized. The board re-adopted its investment policy annually but did not … In addition, the board did not develop procedures to address investment requirements. Village of Afton – Claims …

https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-municipal-school-audits-1

Colesville Fire District #1 – Internal Controls Over Financial Operations (2013M-276)

… for the 2013 fiscal year. Key Findings The District does not have adequate financial policies and procedures. … and reporting were followed. In addition, the Treasurer does not reconcile the bank accounts on a monthly basis. The … their approvals to pay these claims. However, the Board does not see check images in the subsequent month to verify …

https://www.osc.ny.gov/local-government/audits/fire-district/2013/12/20/colesville-fire-district-1-internal-controls-over-financial-operations

Town of Leicester – Budgeting and Financial Oversight (2015M-158)

… all Town officials and employees who received or disbursed money during the year. Key Recommendations Develop policies … all other officers and employees who received or disbursed money in the previous year. … The purpose of our audit was to …

https://www.osc.ny.gov/local-government/audits/town/2015/11/13/town-leicester-budgeting-and-financial-oversight-2015m-158

Associate Counsel Pension Investment Unit (2 Vacancies)

The Office of the State Comptroller has two Associate Counsel Vacancies. Both Associate Counsel positions will work closely with investment staff on the negotia

https://www.osc.ny.gov/files/employment/pdf/associate-counsel-05-2018.pdf

DiNapoli: NYSLRS Announces Employer Contribution Rates for 2025-26

… today announced employer contributions rates for the New York State and Local Retirement System (NYSLRS) for State … Year (SFY) 2025-26. Employers’ average contribution rates will increase from 15.2% to 16.5% of payroll for the Employees’ Retirement …

https://www.osc.ny.gov/press/releases/2024/09/dinapoli-nyslrs-announces-employer-contribution-rates-2025-26