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Corporate Governance
… The New York State Common Retirement Fund’s Corporate Governance … Bureau helps ensure the retirement security of the New York State and Local Retirement System’s 1.2 million members, … fires off letter to 5 companies seeking disclosure Top New York official asks Best Buy about its commitment to LGBTQ …
https://www.osc.ny.gov/common-retirement-fund/corporate-governanceState Comptroller DiNapoli Releases School District Audits
… Thomas P. DiNapoli today announced the following school district audits have been issued. Fayetteville-Manlius Central School District – Professional Services (Madison County and … accordance with the terms of the agreements. Tioga Central School District – Cash Management (Tioga County) Interest …
https://www.osc.ny.gov/press/releases/2020/11/state-comptroller-dinapoli-releases-school-district-audits-1DiNapoli Urges Parents to Open a College Savings Account for Their Children
… by DiNapoli’s office and the Higher Education Services Corp., is designed to help parents save for college and … for college-related expenses. Section 529 of the Internal Revenue Code, which authorizes the College Savings Program, … York State taxpayers are eligible for a tax deduction on annual contributions made to their 529 College Savings …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-urges-parents-open-college-savings-account-their-childrenState Comptroller DiNapoli Releases Municipal & School Audits
… the financial and student information applications. West Webster Volunteer Firemen’s Association, Inc. – Cash … disbursements, such as auditing all claims and reviewing bank statements and canceled check images. …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-auditsState Comptroller DiNapoli Releases Municipal & School Audits
… loss. District officials did not adhere to the district’s investment policy and invested $35,000 in an investment account that is not statutorily authorized. The board re-adopted its investment policy annually but did not ensure the district’s …
https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-municipal-school-audits-1Colesville Fire District #1 – Internal Controls Over Financial Operations (2013M-276)
… policy and a code of ethics, it has not adopted an investment policy. The Board also has not ensured that … in fact paid as directed. Key Recommendations Adopt an investment policy. Ensure that formal written procedures …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/12/20/colesville-fire-district-1-internal-controls-over-financial-operationsTown of Leicester – Budgeting and Financial Oversight (2015M-158)
… balance as a financing source. The Board has not adopted investment and procurement policies. The Board did not … available and used to fund the next year’s budget. Adopt investment and procurement policies. Annually audit, or cause …
https://www.osc.ny.gov/local-government/audits/town/2015/11/13/town-leicester-budgeting-and-financial-oversight-2015m-158Associate 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.pdfDiNapoli: NYSLRS Announces Employer Contribution Rates for 2025-26
… Retirement System (NYSLRS) for State Fiscal Year (SFY) 2025-26. Employers’ average contribution rates will increase … receive a discount if payment is made by Dec. 15, 2025. The New York State Common Retirement Fund’s long-term … NYSLRS. DiNapoli also announced that NYSLRS had a funded ratio of 93.2% as of March 31, 2024. NYSLRS is consistently …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-nyslrs-announces-employer-contribution-rates-2025-26Jefferson Fire District – Internal Controls Over Financial Operations (2013M-101)
… The Board also has not ensured that procedures are in place for financial recording and reporting. We found that … signature on the warrant. However, the Board minutes do not consistently indicate the approval to pay these … policy. Ensure that formal written procedures are in place for financial recording and reporting. Ensure that all …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/07/12/jefferson-fire-district-internal-controls-over-financial-operations-2013mNY State Common Retirement Fund Selects New Deputy Chief Investment Officer
… Fund as Director of Absolute Return Strategies. “Anastasia’s talent and varied financial experience are perfectly suited … said. “We are fortunate to have her with us.” “Anastasia’s experience across the spectrum of assets classes is … Sales at Bank of America and has held important roles with Lehman Brothers/Barclays Capital and JPMorgan. Titarchuk …
https://www.osc.ny.gov/press/releases/2015/02/ny-state-common-retirement-fund-selects-new-deputy-chief-investment-officerNYS Comptroller DiNapoli and Church of England Call on ExxonMobil to Set Targets for Lowering GHG Emissions
… Retirement Fund (the Fund), and the Church of England's investment fund (Church Commissioners) have filed a … to set long-term emission reduction targets following investor engagement. The resolution has been developed in … of the Climate Action 100+ initiative, of ensuring companies develop business strategies consistent with the …
https://www.osc.ny.gov/press/releases/2018/12/nys-comptroller-dinapoli-and-church-england-call-exxonmobil-set-targets-lowering-ghg-emissionsInvestors Ask SEC to Reject Exxon's Attempt to Silence Questions on Climate Change
… week asked the Securities and Exchange Commission (SEC) to reject ExxonMobil’s plan to block a shareholder proposal for information on how the company will be impacted by public policies seeking to rein in climate change. DiNapoli, as trustee of the New York State …
https://www.osc.ny.gov/press/releases/2016/02/investors-ask-sec-reject-exxons-attempt-silence-questions-climate-changeShareholders to Exxon: It's Time to Address Climate Change
… and the Church of England — supported by more than 60 institutional investors — will urge the company to address climate change risk. At the meeting, … ISS and Glass Lewis, support the proposal as do numerous institutional investors including CalPERS, the New York City …
https://www.osc.ny.gov/press/releases/2016/05/shareholders-exxon-its-time-address-climate-changeSylvan Beach Fire District – Internal Controls Over Financial Operations (2013M-76)
… The Board has not adopted a code of ethics or an investment policy. The Board did not properly audit claims … in monitoring the District’s financial condition. Adopt an investment and code of ethics, as required by statute. …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/06/07/sylvan-beach-fire-district-internal-controls-over-financial-operationsSwan Lake Fire District – Internal Controls Over Financial Operations (2013M-258)
… to support this. The Board has not adopted an investment policy, as required by statute. The … requirements prior to approving the contracts. Adopt an investment policy. Provide the Board with budget status …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/11/29/swan-lake-fire-district-internal-controls-over-financial-operations-2013mClaryville Fire District – Internal Controls Over Financial Operations (2013M-167)
… Purpose of Audit The purpose of our audit was to determine whether District … controls are adequate to ensure that financial activity is properly recorded and reported and that Company moneys are safeguarded for the period January 1, 2012, to May 3, 2013. Background The …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/08/30/claryville-fire-district-internal-controls-over-financial-operations-2013mSlaterville Springs Fire District – Internal Controls Over Financial Operations (2013M-315)
… For example, the Board did not review the Treasurer’s monthly bank reconciliations and no one compared the financial activity recorded to the bank statements and/or cancelled check images on a monthly …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/01/24/slaterville-springs-fire-district-internal-controls-over-financialTown of Oneonta Fire District – Internal Controls Over Financial Operations (2013M-243)
… Purpose of Audit The purpose of our audit was to determine whether District controls are … 8, 2013. Background The District is a district corporation of the State, distinct and separate from the Town of Oneonta … Town of Oneonta Fire District Internal Controls Over Financial …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/01/31/town-oneonta-fire-district-internal-controls-over-financial-operationsWestford Fire District – Internal Controls Over Financial Operations (2013M-270)
… of the Treasurer’s records nor do they contract with an independent auditor to perform such an audit. Key … Audit the Treasurer’s records annually or contract with an independent firm to do so. …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/11/22/westford-fire-district-internal-controls-over-financial-operations-2013m