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DiNapoli: Money Earmarked for Highway and Bridge Infrastructure Siphoned Off
… of every dollar spent from DHBTF supported a new capital investment. “New York is at a crossroads. Far too little of … are expecting billions of dollars from the Infrastructure Investment and Jobs Act. We cannot afford to squander this …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-money-earmarked-highway-and-bridge-infrastructure-siphoned-offDiNapoli, Stringer Lead Investors Calling on Olympic Sponsors to End Their Silence, Defend Russian LGBT Rights
… be on Sochi and its corporate sponsors,” said Stringer, investment advisor to the nearly $150 billion New York City … Christopher Reynolds Foundation, Newground Social Investment, Pax World, First Affirmative Financial Network, …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-stringer-lead-investors-calling-olympic-sponsors-end-their-silence-defend-russian-lgbtDiNapoli: IDA Audits Reveal Need For Improved Project Oversight
… the community is getting an appropriate return on its investment and whether the projects should continue to … or made reasonable progress toward, targeted capital investment, employment projections or other goals stated in …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-ida-audits-reveal-need-improved-project-oversightDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… contribution rates is welcome news for taxpayers, our investment decisions are always made based on what is best … years. Employer rates for NYSLRS are determined based on investment performance and actuarial assumptions recommended …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli Announces Unprecedented Support for Climate Actions During 2021 Proxy Season
… voted for a slate of candidates put forward by activist investment firm Engine No. 1, who won seats on ExxonMobil’s … material risks from climate change and pursue sustainable investment opportunities for the Fund. In 2019, DiNapoli …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-announces-unprecedented-support-climate-actions-during-2021-proxy-seasonControls Over Capital Improvements at City-Owned Homeless Shelters
… addressed the need with a significant increase in capital investment for City-owned shelters to correct conditions that have built up over many years. Capital investment includes new construction, renovations, and …
https://www.osc.ny.gov/state-agencies/audits/2020/08/25/controls-over-capital-improvements-city-owned-homeless-sheltersDiNapoli Op-Ed: Act on Proposal to Help State & Local Governments Pay for Retiree Health Care
… Legislature to act on his proposal to create an optional investment pool to help fund retire health insurance and … benefits is significantly less expensive over time, as investment returns help offset costs. The point is to stop …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-op-ed-act-proposal-help-state-local-governments-pay-retiree-health-careOpinion 91-36
… agreement must include safeguards to protect the village's investment for the useful life of the improvements, and to … governmental unit must include safeguards protecting the investment of the municipality holding the trust funds in the … village should include safeguards to protect the village's investment. Thus, in addition to requiring the town to …
https://www.osc.ny.gov/legal-opinions/opinion-91-36DiNapoli: The South Bronx Sees Economic Growth Despite Pandemic Challenges
… this community rebound as a result of public-private investment that has helped to keep our mom-and-pop stores … South Bronx has faced economic challenges due to lack of investment along with a host of other causes,” said New York … Bronx while emphasizing the pressing need for continued investment.” “The South Bronx’s remarkable resilience and …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-south-bronx-sees-economic-growth-despite-pandemic-challengesTown of Hempstead Sanitary District Number 14 – Board Oversight (2017M-40)
… with General Municipal Law, adopt a code of ethics, an investment policy and a comprehensive procurement policy. …
https://www.osc.ny.gov/local-government/audits/district/2017/06/02/town-hempstead-sanitary-district-number-14-board-oversight-2017m-40Town of Kent – Procurement and Information Technology (2017M-85)
… including visiting websites for online banking and investment, shopping, travel, sports, social networking and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kent-procurement-and-information-technology-2017m-85County of Otsego Industrial Development Agency (COIDA) – Oneonta Rail Yards Acquisition (2021M-38)
… interest due to cost and environmental factors. A lack of investment in the County’s infrastructure and economic …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2022/02/11/county-otsego-industrial-development-agency-coida-oneontaComptroller DiNapoli's Legislative Program
… These efforts have focused on reforming not only the investment practices of the Common Retirement Fund, the New …
https://www.osc.ny.gov/legislationExamples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets
… Nonoperating revenues (expenses): Interest and investment revenue 454,793 146,556 601,349 134,733 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-revenues-expenses-and-changes-net-assetsHannibal Fire Company – Misappropriation of Funds (2023M-59)
… receive written financial reports or review bank and investment statements and canceled check images. The Board …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2023/07/21/hannibal-fire-company-misappropriation-funds-2023m-59State Comptroller DiNapoli Releases Municipal Audits
… not conduct required audits or adopt a procurement policy, investment policy or code of ethics, as required. Although …
https://www.osc.ny.gov/press/releases/2021/02/state-comptroller-dinapoli-releases-municipal-auditsDiNapoli Releases Profile of New York's Small Business Owners
… small businesses. The New York Credit Small Business Investment Company Fund provides credit financing to eligible … to minority-owned businesses. The In-State Private Equity Investment Program has provided $1.7 billion to 560 New York …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-releases-profile-new-yorks-small-business-ownersPerformance of the Excelsior Jobs Program
… the sampled companies met the agreed-upon job growth and investment benchmarks for 5 of the 39 instances (13 percent) … authorizes tax credits based on the job numbers and investment costs that are self-reported by businesses without …
https://www.osc.ny.gov/state-agencies/audits/2016/07/07/performance-excelsior-jobs-programDiNapoli High-Tech is on the Rise in NYC
… quality of life, its large creative workforce, its investment opportunities, and its public commitment to … get off the ground in New York, while providing strong investment returns.” “I applaud New York State Comptroller …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-high-tech-rise-nycOpinion 91-57
… Financial Management Guide, Cash Management and Investment Policies and Procedures, subsection 2.0020). … is the library board of trustees which may authorize the investment of library moneys even when the moneys are held in …
https://www.osc.ny.gov/legal-opinions/opinion-91-57