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Groton Central School District – Cash Management (2020M-124)
… (Board) investment policy. Solicit interest rate quotes to maximize interest earnings or prepare monthly cash flow … Ensure available funds are invested, within legal limits, to maximize interest earnings. District officials generally … our findings and recommendations and indicated they plan to initiate corrective action. Appendix B includes our …
https://www.osc.ny.gov/local-government/audits/school-district/2021/01/29/groton-central-school-district-cash-management-2020m-124Revenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… and other balances that could be invested longer term in investments allowable by law. Accelerate Collection and … other entities. Develop procedures for making deposits in a timely manner to ensure funds are protected and earning … these payments can be approved by the governing board in time to avoid late payment charges. Consider using online …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsDiNapoli Releases Climate Action Plan
… a Climate Action Plan to protect and invest the assets of the $210 billion New York State Common Retirement Fund … (Fund). The plan lays out a path for the Fund to further address climate risk in its portfolio. Subject to fiduciary … managing the Fund’s exposure to climate risks. “Climate change is one of the most significant risks facing investors …
https://www.osc.ny.gov/press/releases/2019/06/dinapoli-releases-climate-action-planLeading the Way on Climate Investment
… policy advocacy and, as a last resort, divestment. Because of his efforts, DiNapoli has been recognized as a global … see the 2024 Progress Report on the New York State Common Retirement Fund’s Climate Action Plan. Fund’s 2040 Net Zero … $20 billion to sustainable investment opportunities to date, with the goal of investing $40 billion by 2035. Finding …
https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investmentGovernor Cuomo and Comptroller DiNapoli Appoint First-Ever Decarbonization Advisory Panel
… as trustee of the $209.1 billion New York State Common Retirement Fund (Fund), on how best to mitigate investment … the pension fund in a way that will secure retirement for hardworking New Yorkers and help support the overall … health of the state's economy and protect our environment for generations to come." "The New York State Common …
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
… state pension fund, the third largest public pension fund in the country, is one of the first to offer credit financing through an in-state-focused fund. The new fund will be managed by Hamilton Lane. Additional investors in the SBIC fund are TD Bank, Bank of NY Mellon, HSBC Bank, …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-expands-state-pension-funds-state-investment-programDiNapoli Announces $500 College Savings Sweepstakes
… from the sweepstakes will be put in a new or existing 529 College Savings Program Direct Plan account. The New York 529 College Savings Program, an investment tool designed to … about June 17, 2015. The sweepstakes is sponsored by the 529 College Savings Direct Plan. There are more than 680,000 …
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
… are market challenges and risks that require the Fund to increase its sophistication, bring more investment expertise …
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
… announced that Vicki Fuller, chief investment officer of the New York State Common Retirement Fund (Fund), will … program one of the largest and best in the country. I thank her for her contributions and wish her the best," … support and thoughtfulness have been indispensable. And my colleagues at the Fund have been essential to every …
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
… Program has helped hundreds of New York businesses add and retain thousands of jobs and grow while achieving solid returns for the retirement system members and their beneficiaries that rely on the pension fund for their retirement security,” DiNapoli said. “We’ve …
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
… will position the Fund well for the future as the world transitions to a low-carbon economy,” DiNapoli said. … The Fund committed $1 billion to funds tracking the MSCI World ex-USA Climate Change Index, which is designed to …
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
… today announced the following local government and school audits were issued. Hammondsport Central School District – Multiyear Planning (Steuben County) … reserve policy and best practices. Hammondsport Central School District – Investment Program (Steuben County) The …
https://www.osc.ny.gov/press/releases/2024/09/state-comptroller-dinapoli-releases-municipal-school-auditsBrighton Memorial Library – Board Oversight (2015M-116)
… The Library had accumulated over $760,000 in private funds as of the end of 2014, with no formal written plan to use the money. Most of the private funds are improperly invested at unauthorized financial …
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
… New York State Comptroller Thomas P. DiNapoli, sole trustee of the New York State Common Retirement Fund (Fund), today … The Fund's fiscal year ends March 31. Its estimated value as of Dec. 31, 2021 was $279.7 billion. … New York …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-orders-divestment-russia-holdingsDiNapoli Encourages New Yorkers to Save for College
… is encouraging New Yorkers who face college expenses to open a 529 College Savings account to start saving now to help with the costs of getting a degree. According to the …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-encourages-new-yorkers-save-collegeChautauqua County – Investments and Payroll (2016M-147)
… program and salaries and fringe benefit payments for the period January 1, 2013 through January 15, 2016. … by a 19-member County Legislature. Budgeted appropriations for 2015 totaled approximately $229 million. Key Findings The … Three elected officials should not have been paid for unused vacation leave totaling $14,875 during 2013 and …
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
… bear on the issues discussed in the opinion. WATER SUPPLY AND DISTRIBUTION -- Public Water Systems (necessity to pay … interest on consumer deposits) MUNICIPAL FUNDS -- Deposits and Investments (of consumer deposits for municipal water … Nos. 81-27 and 79-754 are superseded. We are in receipt of your letter asking whether 1976 Opns St Comp No. 76-1273, …
https://www.osc.ny.gov/legal-opinions/opinion-90-22