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DiNapoli: Fairport Audits Reveal Unauthorized Practices for Economic Development Agencies
… (OCED). “These audits reveal significant issues with how Fairport officials managed local economic development … of Fairport Industrial Development Agency Audit found: I nappropriate Loans and Gifts The FLDC was established to … lease income from agreements with local businesses that do not contain provisions to share related revenues with …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-fairport-audits-reveal-unauthorized-practices-economic-development-agenciesDiNapoli Announces Sale of $914.3 Million State of New York General Obligation Refunding Bonds
… Obligation debt issued for transportation, environmental and other purposes. “Thanks to strong investor interest in our bonds and a low-interest rate environment, taxpayers have received … Service Inc. and AA+ by Fitch Ratings, Inc. Find out how your government money is spent at www.openbooknewyork.com . …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-announces-sale-9143-million-state-new-york-general-obligation-refunding-bondsLaw Pertaining to SUNY Police Officers
… been filed with NYSLRS on or before December 31, 2015. If I switch from the Employees’ Retirement System (ERS) to the … I transfer from ERS to PFRS, will I go back into Tier 2? How much of my ERS time will count towards my 25 years in … I am a current member of ERS and have decided that I do not want to transfer into the PFRS plan, what should I do? …
https://www.osc.ny.gov/retirement/members/law-pertaining-suny-police-officersOpinion 2005-6
… This opinion represents the views of the Office of the State Comptroller at the time … secular educational experts who would discuss the topic of how to prevent “bullying”. Article VIII, §1 of the State … initially developed by the private organization that do not further proper town purposes, the town should not go …
https://www.osc.ny.gov/legal-opinions/opinion-2005-6Fund's Mission, Values and Investment Philosophy
… a high-performing organization with exceptional people and the highest standards for ethics and investment management. … risk to generate stronger long-term performance and only do so where we are compensated by expected return. We … within asset classes where we have a clear thesis on how long-term risk and return prospects will develop. In …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophyTown of Caneadea – Fund Balance Management (2020M-145)
… complete report - pdf ] Audit Objective Determine whether the Town Board (Board) effectively managed fund balances. Key … Plan or Capital Plans. As a result, the Board’s ability to know what effect financial decisions would have on future … recurring expenditures, and include realistic estimates of appropriated fund balance amounts. Develop and adopt a …
https://www.osc.ny.gov/local-government/audits/town/2021/05/14/town-caneadea-fund-balance-management-2020m-145DiNapoli: Property Tax Exemptions Top $450 Billion
… exemptions in New York State outside of New York City and the impact they have on local governments and school … type of tax exemption, according to DiNapoli's report. The value of these exemptions totaled $457 billion, approximately … Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-property-tax-exemptions-top-450-billionDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… Fund will not directly purchase or directly hold debt or equity securities, or invest through an actively managed …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesExamination of Procurement Card Payments
The objective of our examination was to determine whether the Office for People with Developmental Disabilities Long Island Developmental Disabilities State Ope
https://www.osc.ny.gov/state-agencies/audits/2018/03/09/examination-procurement-card-paymentsAnnual Financial Report
… (AFR) here Application Resources AFR Training Summary of AFR Changes Contact Us Enrollment Instructions [pdf] Notes … Information Notice to CFOs [pdf] Instructional Videos The videos listed below contain tutorials on how to navigate and complete the Annual Financial Report. For …
https://www.osc.ny.gov/local-government/required-reporting/annual-financial-reportComptroller DiNapoli, A.G. Schneiderman & DOI Commissioner Peters Announce The Sentence of Non-Profit Executive In Theft Scheme
… including NYC DOI and two federal agencies, exposed the theft of approximately $300,000 in public funds provided … New Yorkers," said State Comptroller Thomas P. DiNapoli. "I commend Attorney General Schneiderman, the HUD Inspector … owned, make improvements to that property to increase its value, purchase and ship vehicles to Nigeria, and make other …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-ag-schneiderman-doi-commissioner-peters-announce-sentence-non-profit-executiveVillage of Red Creek – Board Oversight of the Clerk-Treasurer and Water Operations (2014M-173)
… Purpose of Audit The purpose of our audit was to review the Board’s … audit of the Clerk-Treasurer’s records. Village officials do not have procedures for reconciling the water produced by …
https://www.osc.ny.gov/local-government/audits/village/2014/10/24/village-red-creek-board-oversight-clerk-treasurer-and-water-operations-2014m-173DiNapoli: State Pension Fund Releases Annual Investment Return
… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) investment … is well positioned to weather these storms.” The Fund's value reflects retirement and death benefits of $14.7 billion paid out during the fiscal year. Employer …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnDiNapoli Releases Analysis of Executive Budget
… The $168.2 billion State Fiscal Year (SFY) 2018-19 Executive … picture but also weakens checks and balances over the use of public dollars, according to a report released today by … Questions remain on when such transactions may occur and how much revenue would flow to the state; To date in SFY …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-releases-analysis-executive-budgetLife Changes: What If I Leave Public Employment?
… one time or another, almost all of us have changed jobs. The new job usually brings great expectations and hope for the future, but change can also be stressful. In fact, your life may even become a bit chaotic, causing you … Sign in to your Retirement Online account to view your total estimated service credit, and contact us if you need …
https://www.osc.ny.gov/retirement/publications/life-changes-what-if-i-leave-public-employmentAudit Faults Justice Center Records, Raises Questions on Accountability
… serious acts of abuse or neglect against vulnerable New Yorkers off a registry, a list of individuals prohibited … direct care of patients, according to an audit released by New York State Comptroller Thomas P. DiNapoli. Auditors also … grant complete access to its records to Disability Rights New York (DRNY), the not-for-profit group designated by …
https://www.osc.ny.gov/press/releases/2017/03/audit-faults-justice-center-records-raises-questions-accountabilityNew York’s Economy and Finances in the COVID-19 Era (April 16, 2021)
… April 16, 2021 Edition Analysis of the Paycheck Protection Program in New York The Paycheck … million— and comprised one-eighth of total loan value. The greatest number and value of loans, approximately …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-april-16-2021State Agencies Bulletin No. 1842
… This bulletin is superseded by Payroll Bulletin No. 1842.1 . Purpose The purpose of this … on the form for employees enrolled in New York State Payroll Online (NYSPO). Opting out of receiving a printed … OSC website at https://www.osc.state.ny.us/state-agencies/payroll/forms . Printed paper forms will not be made …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1842-updated-direct-deposit-form-nys-employees-ac-2772State Agencies Bulletin No. 1842.1
… The updated form can be downloaded from the OSC website at /state-agencies/payroll/forms . Printed paper forms will … on record. OSC recommends the agency contact the employee at the telephone number they have on file to verify the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/18421-updated-direct-deposit-form-nys-employees-ac-2772IX.12.O Refunds – IX. Federal Grants
… Transaction Threshold Interest will be calculated on the federal percentage of all refund transactions executed by the state where such amounts are $50,000 (gross value) or more. The federal share of refunds is identified … transfer occur less than semimonthly. State agencies that do not remit refunds to the federal funds appropriation on a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12o-refunds