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NYS Comptroller DiNapoli Leads Coalition of Comptrollers & Treasurers Opposing Trump Repeal of Clean Power Plan
… 11 state and local Comptrollers and Treasurers is calling on the Environmental Protection Agency (EPA) to halt the … from this shift," DiNapoli said. "If we do not get on board with lowering GHG emissions it will have terrible … our nation's Clean Power Plan and doubling down on 20th Century energy sources, our economy and the lives of …
https://www.osc.ny.gov/press/releases/2017/12/nys-comptroller-dinapoli-leads-coalition-comptrollers-treasurers-opposing-trump-repeal-clean-powerDiNapoli: Economic and Tax Collection Growth Slowing in New York City
… 2016 fiscal year on June 30 with an estimated surplus of $4 billion, but needs to be cautious with budgeting going … percent in FY 2016 after growing at an average rate of 6.9 percent during the five prior fiscal years. The city’s … FY 2017 budget is balanced, in large part thanks to the $4 billion surplus, the largest since FY 2008. Still, budget …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-economic-and-tax-collection-growth-slowing-new-york-cityMaking Adjustments to Earnings and Days Worked – Legacy Reporting
… If you need to correct a member’s salary (earnings) or days worked, you … submit an adjustment report using Retirement Online ( here is a sample adjustment report file ). Do not send payments … use Retirement Online or the Adjustment Report (RS2050) to report an adjustment to a member’s service credit …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/making-adjustmentsDiNapoli: Chatham Police Chief Sentenced for Pension Double-Dipping
… Former Village of Chatham Chief of Police Peter Volkmann was sentenced to pay $92,829 in … community service today for defrauding the New York State pension system by concealing his unlawful post-retirement …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-chatham-police-chief-sentenced-pension-double-dippingNYS Common Retirement Fund Reports Second Quarter Results
… Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2019-20 was 1.16 percent for … period ending Sept. 30, 2019, with an estimated value of $215.4 billion, according to New York State Comptroller … State Common Retirement Fund is the third largest public pension fund in the United States. The Fund holds and invests …
https://www.osc.ny.gov/press/releases/2019/11/nys-common-retirement-fund-reports-second-quarter-resultsOpinion 99-7
… act, foreign fire insurance tax moneys may be expended for any purpose, other than an illegal purpose or a purpose … department or company, as the case may be, determine to be for the benefit of the fire department or company. This is in … 1987 Opns St Comp No. 87-88, p 130, loans to volunteer firefighters not proper use; 1982 Opns St Comp No. 82-10, p …
https://www.osc.ny.gov/legal-opinions/opinion-99-7Cost-of-Living Adjustment – Divorce and Your Benefits
… to a portion of a retiree’s cost-of-living adjustment (COLA) , not as an option beneficiary, but as part of the … permits, forbids, or requires the ex-spouse to receive a COLA distribution. NYSLRS will interpret general terms in a … DRO as intent to provide an ex-spouse with a share of the COLA, unless otherwise indicated. For example, NYSLRS will …
https://www.osc.ny.gov/retirement/members/divorce/cost-living-adjustmentNYS Common Retirement Fund Announces Third Quarter Results
… The New York State Common Retirement Fund’s overall return in the third quarter of the Fund’s … period ending Dec. 31, 2015, according to New York State Comptroller Thomas P. DiNapoli. The Fund had an …
https://www.osc.ny.gov/press/releases/2016/02/nys-common-retirement-fund-announces-third-quarter-resultsDobbs Ferry Union Free School District – Facilities Department Overtime (2023M-120)
… during the 21-month audit period. Approximately $186,330 of overtime work to be performed was not properly approved. Officials paid 10 employees a total of $36,734 in overtime to conduct 270 building checks. … This could increase the District’s operational and pension costs. Key Recommendations Ensure overtime is …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/01/dobbs-ferry-union-free-school-district-facilities-department-overtimeYork Central School District – Network Access Controls (2022M-93)
… including a comprehensive written disaster recovery plan. The District had 139 unneeded network user accounts and one … paid $360,896 for information technology (IT) services in 2020-21 without documenting the specific services the IT … appropriateness. Set written expectations for the District’s specific IT service needs. District officials generally …
https://www.osc.ny.gov/local-government/audits/school-district/2022/10/07/york-central-school-district-network-access-controls-2022m-93DiNapoli Announces Interim CIO for the New York State Common Retirement Fund
… Thomas P. DiNapoli today announced his appointment of Anastasia Titarchuk as Interim Chief Investment Officer of the New York State Common Retirement Fund. The Fund’s … State Common Retirement Fund is the third largest public pension fund in the United States, with an audited value of …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-announces-interim-cio-new-york-state-common-retirement-fundState Agencies Bulletin No. 807
… Corrections Law Eligibility Criteria Performance Advance Requirements An employee represented by NYSCOPBA or Council …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/807-april-2008-performance-advances-and-pre-shift-briefing-updates-employeesNYS Common Retirement Fund Announces Second Quarter Results
The New York State Common Retirement Funds Fund overall return in the second quarter of the state fiscal year 2015 was 052 percent bringing the Funds estimated value to $1783 billion according to New York State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2014/11/nys-common-retirement-fund-announces-second-quarter-resultsCUNY Bulletin No. CU-676
… Full time faculty members on the regular University payroll who have a continuing CUNY appointment are affected. … stipends are taxable, pensionable, and subject to normal payroll deductions. Individual projects must be completed … for Yonkers residents and 0.50% for Yonkers non-residents. Payroll Register and Employee’s Paycheck/Advice The Earnings …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-676-cuny-psc-faculty-stipend-pilot-programEast Ramapo Central School District - Nonpublic School Transportation (2019M-107)
… documentation for 300 students. The documentation for 93 of these students was missing and we found deficiencies such as no proof of address for 54 of the 193 new students’ applications and … on an issue that was raised in the District’s response letter. … Determine whether the District is providing …
https://www.osc.ny.gov/local-government/audits/school-district/2019/11/20/east-ramapo-central-school-district-nonpublic-school-transportation-2019mEast Moriches Union Free School District -- Budget Review (B7-16-3)
… Purpose of Budget Review The purpose of our budget review was to provide an independent evaluation … implemented recommendations from the 2015 budget review letter. The District’s tentative budget complies with the tax …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/01/east-moriches-union-free-school-district-budget-review-b7-16-3Bolivar-Richburg Central School District - Financial Management (2019M-17)
… Findings The Board overestimated appropriations by a total of $3.8 million and annually appropriated $500,000 of fund balance that was not used to finance operations … our comment on an issue raised in the District’s response letter. … Determine whether the Board and District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/07/bolivar-richburg-central-school-district-financial-management-2019m-17Brewster-Southeast Joint Fire District - Recordkeeping and Procurement (2018M-86)
… Key Findings Accounting records were not accurate as of December 31, 2017. Cash accounts were incorrectly … 45 general ledger accounts did not comply with the Office of the State Comptroller’s (OSC) uniform system of accounts … 1 District officials did not always solicit competition when procuring professional services. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/fire-district/2018/08/03/brewster-southeast-joint-fire-district-recordkeeping-and-procurement-2018mMadison County - Claims Audit and Payment Process (2019M-142)
… to directly withdraw $1.9 million in monthly payments from a County bank account. Key Recommendations Ensure all claims are audited and approved prior to payment when required by law. Ensure all claims contain sufficient detail … allowing the credit card vendor to directly withdraw funds from County bank accounts. County officials disagreed with …
https://www.osc.ny.gov/local-government/audits/county/2020/01/17/madison-county-claims-audit-and-payment-process-2019m-142East Irondequoit Central School District - Payroll and Leave Accruals (2019M-92)
… and errors totaling $9,100 occurred with manual leave accrual entries. In addition, five employees had 21 time … she did not record taking a lunch break on 297 of 315 days, resulting in overtime or extra pay. Errors occurred in the leave records maintained for 13 of the 26 (50 percent) employees tested. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2019/11/15/east-irondequoit-central-school-district-payroll-and-leave-accruals-2019m