Search
DiNapoli Appoints Anastasia Titarchuk Chief Investment Officer of the New York State Common Retirement Fund
… today announced his appointment of Anastasia Titarchuk as chief investment officer of the New York State Common Retirement Fund. … today announced his appointment of Anastasia Titarchuk as chief investment officer of the New York State Common Retirement Fund …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-appoints-anastasia-titarchuk-chief-investment-officer-new-york-state-common-retirement-fundDiNapoli: 1st Quarter State Tax Receipts Modestly Higher Than Division of Budget Projections
… receipts totaled $29.9 billion through the first quarter of State Fiscal Year (SFY) 2024-25, $594 million higher than estimates released by the Division of the Budget (DOB) in the Enacted Budget Financial Plan. In addition, … receipts totaled $299 billion through the first quarter of State Fiscal Year SFY 202425 $594 million higher than …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-1st-quarter-state-tax-receipts-modestly-higher-division-budget-projectionsDiNapoli: State Tax Receipts Exceeded Updated Projections in First Quarter
… year through the quarter ending in June 2022, according to the monthly State Cash Report released by New York State … are showing signs of weakness. My office will continue to closely monitor economic conditions and what it means … in 2022 on collections from returns in April and May. Year-to-date consumption and use tax collections totaled $5.4 …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-tax-receipts-exceeded-updated-projections-first-quarterDiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… The return on investments increased the Fund’s value to an estimated $254.8 billion. “The state pension fund rode … ever. With our talented investment staff, I will continue to manage our state’s pension fund with prudence and a focus … retirement security for our members for generations to come.” The Fund's value reflects retirement and death …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyComptroller DiNapoli Releases School Audits
… New York State Comptroller Thomas P. DiNapoli today announced the following school audits have been issued. … New York State Comptroller Thomas P DiNapoli today announced the following school audits have been issued …
https://www.osc.ny.gov/press/releases/2019/10/comptroller-dinapoli-releases-school-auditsDiNapoli: State Pension Fund Value $192 Billion
… today announced that the New York State Common Retirement Fund (Fund) earned an estimated 11.42 percent return on investments … in the state fiscal year that ended on March 31, 2017. The Fund has an estimated value of $192 billion. “Strong returns … today announced that the New York State Common Retirement Fund earned an estimated 1142 percent return on investments …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionComptroller DiNapoli Releases State Audits
… or incorrectly reported. State Education Department: Unity House of Troy, Compliance with the Reimbursable Cost … (2014-S-60) For the calendar year ended Dec. 31, 2012, Unity claimed $404,952 in ineligible costs for its rate-based … in salary and fringe benefits and $9,715 in severance pay. Unity also incorrectly charged $82,694 in other than personal …
https://www.osc.ny.gov/press/releases/2015/11/comptroller-dinapoli-releases-state-auditsCost-Saving Ideas: Establishing an Effective Fleet Management System
… Deal: A Case Study You may need to make a determination on what type of vehicle is needed. A general rule of thumb is that used vehicles may require more frequent and costly … more desirable. To determine if buying used mid-sized cars was cost effective, county staff analyzed a sample of …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-establishing-effective-fleet-management-systemState Comptroller DiNapoli Releases School District Audits
… and access rights or backup and disaster recovery. Letchworth Central School District – Reserves (Allegany … salaries and benefits over the past three years. Utica City School District – Payroll (Oneida County) Auditors …
https://www.osc.ny.gov/press/releases/2019/01/state-comptroller-dinapoli-releases-school-district-auditsEscalation – Article 14 Benefits
… index. Service retirement benefits can be eligible for either full or partial escalation. If a benefit is eligible for full escalation, it will increase or decrease each April … below the original amount paid. The full escalation date for a service retirement is the first day of the month …
https://www.osc.ny.gov/retirement/publications/1644/escalationYorkshire-Pioneer Central School District – Financial Management (2015M-352)
… Central School District is located in the Towns of Arcade, Eagle, Java, Sheldon and Wethersfield in Wyoming County; …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/15/yorkshire-pioneer-central-school-district-financial-management-2015m-352Belleville-Henderson Central School District – Financial Condition (2016M-46)
… Purpose of Audit The purpose of our audit was to review the District’s financial condition for the period … Board has not developed a written plan that communicates to taxpayers the optimal funding levels or conditions under … Return any excess funds in the tax certiorari reserve to the unrestricted fund balance in the general fund. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/belleville-henderson-central-school-district-financial-condition-2016m-46Letchworth Central School District – Financial Management (2013M-332)
… the Towns of Castile, Eagle, Gainesville, Genesee Falls, Pike, Warsaw and Wethersfield in Wyoming County. The District …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/31/letchworth-central-school-district-financial-management-2013m-332East Rochester Union Free School District – Financial Management and Separation Payments (2016M-97)
… Purpose of Audit The purpose of our audit was to review the District’s financial management for the period … analysis. Ensure that year-end encumbrances relate to the fiscal year that they are recorded in and avoid … limitation. Develop written policies and procedures to govern the separation payments process and ensure that all …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/01/east-rochester-union-free-school-district-financial-management-andBuffalo City School District – Special Education and Grant Administration (2017M-73)
… Purpose of Audit The purpose of our audit was to review the District’s process for claiming Excess Cost Aid … nonresident tuition for special education services and to review the grant administration procedures for the period … purchases or rentals in the calculation of costs to claim Excess Cost Aid. Key Recommendations Bill school …
https://www.osc.ny.gov/local-government/audits/school-district/2017/06/30/buffalo-city-school-district-special-education-and-grant-administrationSalem Central School District – Internal Controls Over Extra-Classroom Activity Funds (2013M-394)
… audit was to assess internal controls over extra-classroom activity funds for the period July 1, 2012 through June 30, … policies and procedures for the extra-classroom activity fund. The audit identified that no training was … following items: profit and loss statements, up-to-date activity ledgers, and inventory control forms when needed to …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/28/salem-central-school-district-internal-controls-over-extra-classroomVillage of Painted Post – Board Oversight (2017M-92)
… Purpose of Audit The purpose of our audit was to examine the Board’s oversight of Village … October 24, 2016. Background The Village of Painted Post is located in the Town of Erwin in Steuben County and … Village of Painted Post Board Oversight 2017M92 …
https://www.osc.ny.gov/local-government/audits/village/2017/08/11/village-painted-post-board-oversight-2017m-92Genesee Valley Central School District – Reserve Accounts and Extra-Classroom Activities (2014M-56)
… 1, 2012 through February 4, 2014. Background The Genesee Valley Central School District is located in Allegany County … Genesee Valley Central School District Reserve Accounts and …
https://www.osc.ny.gov/local-government/audits/school-district/2014/06/27/genesee-valley-central-school-district-reserve-accounts-and-extraTown of Butternuts – Highway Facility Capital Project (2021M-94)
… Objective Determine whether the Town of Butternuts (Town) Board transparently planned and monitored the highway garage … and salt shed capital project (Project). Key Findings The Board was not fully transparent in planning and could have … exceeded the maximum estimated costs by $372,318. The Board did not: Prepare a budget or disclose all known Project …
https://www.osc.ny.gov/local-government/audits/town/2022/01/07/town-butternuts-highway-facility-capital-project-2021m-94State Comptroller Releases Municipal Audits
… or disbursements. The board also inappropriately used town funds to pay at least $8,000 for fundraising activities. … the committee treasurer, a private citizen or a board member signed them. Village of Little Valley – Capital … the board developed a financial plan that addressed the impact of project debt payments. Village officials incurred …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-releases-municipal-audits