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DiNapoli Releases Climate Action Plan
… the next decade, the Fund’s commitment to its Sustainable Investment–Climate Solutions Program. The Fund will also hire dedicated staff to identify sustainable investment opportunities including climate solutions. The … State Common Retirement Fund will show up in its leading investment performance,” said Joy-Thérese Williams, Chair of …
https://www.osc.ny.gov/press/releases/2019/06/dinapoli-releases-climate-action-planRevenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… do not significantly offset the earnings from the extra investment income. Explore contracting with a bank for the … Maximize Interest Earnings Following prudent yet effective investment strategies can improve cash inflow and even reduce … to be needed in the near term). Establish a formal investment policy, if you haven’t already, to guide your …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsLeading the Way on Climate Investment
… solutions. This multi-faceted approach employs sustainable investment strategies, active engagement with portfolio … as a global leader in addressing climate change-related investment risks and pursuing opportunities for the Fund’s … and committing $40 billion to the Fund’s Sustainable Investment and Climate Solutions (SICS) Program. Investing in …
https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investmentGovernor Cuomo and Comptroller DiNapoli Appoint First-Ever Decarbonization Advisory Panel
… Common Retirement Fund (Fund), on how best to mitigate investment risks stemming from climate change and maximize … on how we can continue our progress in achieving investment returns, while contributing to our emerging … low-carbon economy." The panel, which is comprised of investment, financial, environmental, energy and legal …
https://www.osc.ny.gov/press/releases/2018/03/governor-cuomo-and-comptroller-dinapoli-appoint-first-ever-decarbonization-advisory-panelDiNapoli Expands State Pension Fund's In-State Investment Program
… of the $200 million New York Credit Small Business Investment Company (SBIC) Fund to provide credit financing to … include credit (SBIC), equity (In-State Private Equity Investment Program) and small business loans (New York …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-expands-state-pension-funds-state-investment-programDiNapoli Announces $500 College Savings Sweepstakes
… Plan account. The New York 529 College Savings Program, an investment tool designed to help families save for college, … college-related expenses. The plan offers three age-based investment options that become more conservative over time. In addition, there are 13 individual investment options that account owners can choose from to …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-announces-500-college-savings-sweepstakesDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… providers. FAS reviewed documents relating to every new investment that closed during the three-year review period … management capabilities and an over-reliance on outsourced investment management and support functions. In addition, … independent compensation benchmarking indicates that [investment] staff compensation levels are in the bottom …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingState Comptroller DiNapoli Statement on Expansion of Geneva-Based RealEats into New Facility
… work in every corner of our state, while generating solid investment returns so public workers can have a secure retirement.” Through its In-State Private Equity Investment Program, the New York State Common Retirement Fund partners with investment firms to invest in private New York companies. …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-statement-expansion-geneva-based-realeats-new-facilityDiNapoli Announces Vicki Fuller's Retirement as CIO of NYS Common Retirement Fund
… P. DiNapoli today announced that Vicki Fuller, chief investment officer of the New York State Common Retirement … direction, the state pension fund has produced impressive investment returns, averaging an annual growth rate of more … "Since Vicki joined us, she has focused her decades of investment experience on delivering results and enhancing the …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-announces-vicki-fullers-retirement-cio-nys-common-retirement-fundDiNapoli: State Pension Fund Adds $350 Million to Investment Funds Geared to New York Companies
… Fund (Fund) is committing another $350 million to two investment funds through its In-State Private Equity Investment Program, State Comptroller Thomas P. DiNapoli, …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-state-pension-fund-adds-350-million-investment-funds-geared-new-york-companiesDiNapoli: NYS Pension Fund Commits $1.3 Billion to Sustainable Investment Program
… Fund is a recognized leader in addressing climate-related investment risks and pursuing opportunities created by … that address the climate crisis and fulfill their investment objectives,” said Remy Briand, Chief Product … climate risk considerations in their global equity investment process,” In 2022, the Fund committed $300 million …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-nys-pension-fund-commits-13-billion-sustainable-investment-programState Comptroller DiNapoli Releases Municipal & School Audits
… and best practices. Hammondsport Central School District – Investment Program (Steuben County) The board and district … officials did not develop and manage a comprehensive investment program. From July 1, 2022 through Feb. 29, 2024, … Had officials considered alternative legally permissible investment options, the district may have earned $738,137. …
https://www.osc.ny.gov/press/releases/2024/09/state-comptroller-dinapoli-releases-municipal-school-auditsBrighton Memorial Library – Board Oversight (2015M-116)
… failed to review the bank statements, reconciliations and investment statements. Key Recommendations Audit and approve … the private fund accounts. Develop a comprehensive written investment policy in accordance with General Municipal Law. Review bank and investment statements and their corresponding reconciliations …
https://www.osc.ny.gov/local-government/audits/library/2015/08/28/brighton-memorial-library-board-oversight-2015m-116St. Lawrence County Industrial Development Agency – Project Approval and Monitoring (2021M-151)
… the 10 projects after approval. Obtain sufficient capital investment information for 10 approved projects to monitor actual vs. proposed investment. Key Recommendations Develop procedures to ensure … employment levels are verified and supported and capital investment information is reported and compared to project …
https://www.osc.ny.gov/local-government/audits/county/2021/12/22/st-lawrence-county-industrial-development-agency-project-approval-and-monitoringDiNapoli Orders Divestment of Russia Holdings
… sanctions and his war has made Russia an unacceptable investment risk. As Russia’s already weak economy plunges … to end or limit their operations in Russia. DiNapoli’s investment staff have also contacted the Fund’s external investment managers, urging them to examine their exposure to …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-orders-divestment-russia-holdingsDiNapoli Encourages New Yorkers to Save for College
… and easy." New York's 529 College Savings Program is an investment tool designed to help save for college. Parents … Plan . The Direct Plan offers a broad array of investment options, including individual investment options provided by the program and age-based …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-encourages-new-yorkers-save-collegeChautauqua County – Investments and Payroll (2016M-147)
… The objectives of our audit were to review the County’s investment program and salaries and fringe benefit payments … invest funds in accordance with the County’s adopted investment policy or General Municipal Law (GML). Not all … Key Recommendations Provide adequate oversight of the investment program to ensure that all investments are made in …
https://www.osc.ny.gov/local-government/audits/county/2015/12/23/chautauqua-county-investments-and-payroll-2016m-147City of Olean Housing Authority – Board Oversight (2016M-93)
… of CFP activity. The Board has not adopted a comprehensive investment policy. The Authority does not have a written … firm that assists the Director in managing the Authority’s investment activities. Key Recommendations Establish formal … of the CFP. Develop a written, comprehensive investment policy that, as a minimum, identifies the types of …
https://www.osc.ny.gov/local-government/audits/city/2016/07/29/city-olean-housing-authority-board-oversight-2016m-93Opinion 90-22
… there is no specific statutory authorization for the investment of moneys of others held by a municipality ( cf . General Municipal Law, §11 governing the temporary investment of moneys of municipal corporations), we have … Financial Management Guide, Cash Management and Investment Policies and Procedures, section 2.0060). To …
https://www.osc.ny.gov/legal-opinions/opinion-90-22NYS Common Retirement Fund Reports Third Quarter Results
… “Volatility remains the defining characteristic of the investment landscape, however. As we approach the Fund’s … maintain our conservative approach and keep a close eye on investment returns.” The Fund's estimated value reflects … the strongest in the nation. DiNapoli initiated quarterly investment performance reporting in 2009 as part of his …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-reports-third-quarter-results