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NYS Common Retirement Fund Announces Second Quarter Results

… months ending Sept. 30 was offset by underperforming U.S. small cap stocks and global central bank actions that triggered … in cash, bonds and mortgages (26.6 percent), private equity (7.9 percent), real estate (6.8 percent), absolute …

https://www.osc.ny.gov/press/releases/2014/11/nys-common-retirement-fund-announces-second-quarter-results

NYS Common Retirement Fund Announces Second Quarter Results

… of the Fund’s 2015-2016 fiscal year was -4.13 percent for the three-month period ending Sept. 30, 2015, according … mortgages (20.0 percent), private equity (7.9 percent), real estate (6.8 percent), absolute return strategies (3.7 …

https://www.osc.ny.gov/press/releases/2015/11/nys-common-retirement-fund-announces-second-quarter-results

IX.12.F CMIA Interest Liabilities – IX. Federal Grants

… other compensate for lost value (e.g. investment earnings) of funds. A federal interest liability (which the Federal …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12f-cmia-interest-liabilities

DiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing

… delays in allocating it to specific housing projects or housing relief programs could result in funds being lost. … as the pass through for the money by awarding it, in the form of grants, to local program administrators, which HCR … has spent since it received the funding in September 2020, or it risks losing the money. The remaining $122 million must …

https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housing

The Big Picture – What Every Employer Should Know

… of incoming funds: investment income, employee or member contributions and employer contributions. The value of the Fund was $248.5 … 2 percent of the growth of the Fund’s assets, and employer contributions represented 23 percent of the Fund’s …

https://www.osc.ny.gov/retirement/employers/partnership/big-picture

LaFayette Central School District – Reserves (2013M-387)

… funds over multiple fiscal years, they can be considered de facto reserve funds. The District did not have a plan for … or funding reserves. Take remedial action to ratify the de facto reserves by adopting appropriate resolutions. Adopt …

https://www.osc.ny.gov/local-government/audits/school-district/2014/03/07/lafayette-central-school-district-reserves-2013m-387

Town of Hancock – Justice Court Operations (2021M-6)

… agreed with our recommendations and indicated they plan to initiate corrective action. … Determine whether the Town …

https://www.osc.ny.gov/local-government/audits/justice-court/2021/05/21/town-hancock-justice-court-operations-2021m-6

Plainville Fire District – Board Oversight (2021M-91)

… Ensure the Treasurer filed annual financial reports, for 2018 through 2020. Ensure the Treasurer’s records were …

https://www.osc.ny.gov/local-government/audits/fire-district/2021/10/01/plainville-fire-district-board-oversight-2021m-91

City of Saratoga Springs – Financial Condition (2012M-201)

… financial condition of the City’s general, water and sewer funds for the period January 1, 2008, to December 31, 2011. … Also, while the financial condition of the water and sewer funds has improved during our audit period, the water fund … did not address cash flow problems in the water and sewer funds. Instead, the Council routinely relied on increasing …

https://www.osc.ny.gov/local-government/audits/city/2013/02/15/city-saratoga-springs-financial-condition-2012m-201

DiNapoli Releases Mid-Year State Cash Report and Review

… short term the state’s fiscal outlook is positive.” All Funds receipts through the first half of the fiscal year … has generally been relatively strong. Spending from All Funds through the first half of the fiscal year was up by 4.2 … in the General Fund (including transfers from other funds) totaled $35.4 billion through Sept. 30, an increase of …

https://www.osc.ny.gov/press/releases/2014/10/dinapoli-releases-mid-year-state-cash-report-and-review

XIV.3.C Distribution of STIP Investment Earnings – XIV. Special Procedures

… moneys invested “shall be credited to the fund or funds from which such moneys were invested, provided, however, the … precluded from crediting interest earnings to funds which: Are funded entirely from the general fund; or Are, or were, … entries. In no instance shall interest in excess of what was considered earned to the fund or project be moved. …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3c-distribution-stip-investment-earnings

Gorham-Middlesex Central School District – Multiyear Planning (2016M-177)

… includes details regarding the anticipated use of reserve funds for a five-year period but this plan does not include … related to funding and maintaining the individual reserve funds; District officials also have not prepared a formal analysis of reserve funds based on the District’s projected needs, as required by …

https://www.osc.ny.gov/local-government/audits/school-district/2016/07/29/gorham-middlesex-central-school-district-multiyear-planning-2016m-177

DiNapoli Announces State Pension Fund's 2024 Corporate Governance Stewardship Priorities

… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today outlined … climate performance including climate transition strategies and plans, greenhouse gas emissions reduction …

https://www.osc.ny.gov/press/releases/2024/04/dinapoli-announces-state-pension-funds-2024-corporate-governance-stewardship-priorities

State Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future

… New York State Comptroller Thomas P. DiNapoli today announced an investment strategy that will raise the New York Common Retirement Fund’s (Fund) commitment to … said. “Our pension fund has long-supported climate aware strategies, and this expansion of our commitment offers a …

https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-dinapoli-positions-new-york-pension-fund-low-carbon-future

Oversight of Smart Schools Bond Act Funds (2019-S-13) 180-Day Response

To determine whether the State Education Department is monitoring the use of Smart Schools Bond Act funds to ensure that school districts have appropriately utilized them for their intended purpose.

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2020-19s13-response.pdf

DiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program

… announced today that the New York State Common Retirement Fund (Fund) has committed an additional $1.2 billion to its … of America Merrill Lynch Capital Access Funds for private equity investments and a $400 million commitment to Leading Edge Investment Advisors for a new small capitalization equity investment platform. The Fund is …

https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-program

DiNapoli: State Pension Fund Value $210.2 Billion

… March 31, 2019. The Fund closed the year with an estimated value of $210.2 billion, which is subject to change once returns are fully audited. The Fund’s audited value at the end of state fiscal year 2018 was $207.4 billion. “The Fund’s value continued to grow during its 2019 fiscal year and …

https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billion

Controls and Accountability of Court, Trust and Bail Funds

… Department of Finance accurately accounts for Court, Trust and Bail funds. This audit covered from January 1, 2011 … Section 2601 of the New York State Civil Practice Law and Rules requires that all moneys paid into the New York … for the accounting of these moneys and maintaining a computerized accounting ledger for Court, Trust and Bail …

https://www.osc.ny.gov/state-agencies/audits/2014/04/16/controls-and-accountability-court-trust-and-bail-funds