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Review of Advance Contract Payments
… Recover overpayments as appropriate. Implement a policy for new contracts of only sending advance payments when …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsDiNapoli 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-prioritiesTown of Hartwick – Financial Condition (2013M-118)
… financial plans for three of its major operating funds but repeatedly relied on transfers from the general … to finance operations in the highway and fire protection funds. Although Town officials accounted for these three funds individually, they maintained a consolidated checking …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-hartwick-financial-condition-2013m-118DiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… 31, 2024. The Fund closed the year with an estimated value of $267.7 billion. “Strong performances across asset classes … The Fund's value reflects retirement and death benefits of $16.07 billion paid out during the fiscal year. Employer … assumptions, including wage growth, inflation, age of retirement, and mortality. Integral to the Fund’s strength …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24DiNapoli: State Pension Fund Releases Annual Investment Return
… and real assets (13.39%) and credit, absolute return strategies and opportunistic alternatives (6.33%). The Fund’s …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnState 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-futureDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… and real assets (10.00%) and credit, absolute return strategies and opportunistic alternatives (5.48%). The Fund’s …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnDiNapoli: 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-billionDiNapoli 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-programVillage of Round Lake – Budgeting Practices and Financial Condition (2015M-26)
… 2011 through October 31, 2014. Background The Village of Round Lake is located in the Town of Malta, Saratoga County, … fiscal stress in the water and sewer funds. … Village of Round Lake Budgeting Practices and Financial Condition 2015M26 …
https://www.osc.ny.gov/local-government/audits/village/2015/05/22/village-round-lake-budgeting-practices-and-financial-condition-2015m-26Town of Hoosick – Departmental Cash Collections and Sales Tax Allocation (2016M-428)
… not properly allocate sales tax revenues to its part-town funds in compliance with statute. For the 2014 though 2016 … of $130,615 that should have been allocated to part-town funds was allocated to town-wide funds. Key Recommendations Establish and adopt policies and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-hoosick-departmental-cash-collections-and-sales-tax-allocation-2016m-428XVI.3.A Financial Statements – XVI. Financial Reporting
… ) Process and Document Preparation: Financial reporting is the process of communicating information concerning the … and analysis (MD&A); Basic financial statements; and Required supplementary information (Other than MD&A). MD&A, … the proportionate share of the net pension liabilities, employer contributions, and changes in the net pension …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3a-financial-statementsNew York State Financial Reporting
… and Other Supplementary Information, along with 10 years of statistical data. 2024 Annual Comprehensive Financial … Annual Financial Report Financial Condition Report of New York State This GAAP-based report provides an overview of the financial condition of the State. It presents selected …
https://www.osc.ny.gov/reports/financeDeposit Central School District - Financial Condition (2018M-204)
… and cafeteria funds. Key Findings District officials have: Implemented measures to contain costs in the general … the last three fiscal years, general fund expenditures have increased 8 percent while revenues have increased 5 … and offer programs in-house when it is cost-effective to do so. District officials should examine ways to gain more …
https://www.osc.ny.gov/local-government/audits/school-district/2019/02/08/deposit-central-school-district-financial-condition-2018m-204Examples from GASB Statement 34 - Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
… Examples from GASB Statement 34 included in this bulletin, copyright … Merritt 7, Norwalk, CT 06856 are reprinted by permission. Sample City Statement of Revenues, Expenditures, and Changes … net assets in the statement of activities is presented in an accompanying schedule . … Examples from GASB Statement 34 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-1IX.12.M Journal Vouchers – IX. Federal Grants
… agencies for goods or services rendered to, or on behalf of the first state agency; or Reimburse a second state agency …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12m-journal-vouchersVII.9 Overview – VII. State Revenues and Appropriated Loan Receivables
… are not limited to, physical overhead, space occupancy, utilities, information technology and central service agency …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-overviewIX.8.B Interest on Advance Payments to Vendors – IX. Federal Grants
… must then create and submit a Single Payment Voucher for returning the funds to the federal government. See … mentioned above. Guide to Financial Operations REV. 02/16/2023 … In some instances payments are made to vendors …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8b-interest-advance-payments-vendorsVII.9 Fringe Benefits and Indirect Costs – VII. State Revenues and Appropriated Loan Receivables
… are not limited to, physical overhead, space occupancy, utilities, information technology and central service agency …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-fringe-benefits-and-indirect-costsXI.12 Overview – XI. Procurement and Contract Management
… aspect of government contracting and ensuring the prudent expenditure of funds. From contract award to contract … aspect of government contracting and ensuring the prudent expenditure of funds …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12-overview