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DiNapoli Announces Lowered Fees for New York State's 529 College Savings Direct Plan

… money go further.” The 529 College Savings Program is an investment tool designed to help parents save for college. … to 0.17 percent. The Direct Plan offers a variety of investment options including three age-based portfolio … portfolios which enable parents to create their own investment strategy. New York’s Direct Plan is managed by …

https://www.osc.ny.gov/press/releases/2014/10/dinapoli-announces-lowered-fees-new-york-states-529-college-savings-direct-plan

Clark Mills Fire District – Controls Over Financial Activities (2014M-315)

… 2014 fiscal year. Key Findings The Board did not adopt an investment policy as required by GML. The District has been using a credit union for the deposit and temporary investment of District funds, which is not authorized by GML. … and 2013 as required by GML. Key Recommendations Adopt an investment policy as required by GML. Deposit and invest …

https://www.osc.ny.gov/local-government/audits/fire-district/2015/01/09/clark-mills-fire-district-controls-over-financial-activities-2014m-315

State Comptroller DiNapoli Releases School District Audits

… (Tompkins County) District officials did not follow their investment policy. As a result, officials did not maximize … officials did not develop and manage a comprehensive investment program. Auditors also found officials did not … earned an additional $614,606 if they used other available investment options. Niagara Falls City School District – …

https://www.osc.ny.gov/press/releases/2020/09/state-comptroller-dinapoli-releases-school-district-audits

Opinion 92-52

… MUNICIPAL FUNDS -- Deposits and Investments (joint investment with public authorities) PUBLIC AUTHORITIES LAW, … may not enter into a cooperative agreement for the joint investment of its funds with the funds of other public … North may participate in a cooperative plan for the joint investment of its funds with the funds of other public …

https://www.osc.ny.gov/legal-opinions/opinion-92-52

Investing in New York

… growth and create and retain jobs. In-State Private Equity Investment Program This program invests in private equity … 46,000 (as of March 31, 2024, or when the Fund exited the investment) Over 260 completed investments, returning $1.4 … return (as of March 31, 2024) Contact Frank McEvoy Senior Investment Officer, Private Equity Phone: (518) 473-6089 …

https://www.osc.ny.gov/common-retirement-fund/investing-new-york

Glens Falls Common School District - Cash Management (2019M-177)

… officials did not develop and manage a comprehensive investment program to ensure interest earnings were … cash flow forecasts that estimate available funds for investment. District officials generally agreed with our …

https://www.osc.ny.gov/local-government/audits/school-district/2019/11/15/glens-falls-common-school-district-cash-management-2019m-177

Moriah Central School District - Cash Management (2019M-65)

https://www.osc.ny.gov/local-government/audits/school-district/2019/06/14/moriah-central-school-district-cash-management-2019m-65

Opinion 95-30

… by chapter 708 of the Laws of 1992, sets forth general investment authority for "local governments". The term "local … Section 11 does not apply, however, to moneys, the investment of which is otherwise provided for by law (General … investments by school districts, was silent as to the investment of the moneys of a school district public library. …

https://www.osc.ny.gov/legal-opinions/opinion-95-30

NYS Common Retirement Fund Reports Second Quarter Results

… the stock market rollercoaster, and maximize sustainable investment returns over the long-term." The Fund's estimated … alternatives (4.0 percent). DiNapoli initiated quarterly investment performance reporting in 2009 as part of his … over three months and reflect a fraction of the annual investment return. About the New York State Common Retirement …

https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-results

DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History

… State Common Retirement Fund’s (Fund) estimated overall investment return was 33.55 percent for the state fiscal year … depths of the pandemic and enjoyed the largest one-year investment return in its history,” DiNapoli said. “This … volatile and as unpredictable as ever. With our talented investment staff, I will continue to manage our state’s …

https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-history

State Pension Fund Adds $30 Million for Investments in New York Companies

… be made through the pension fund’s In-State Private Equity Investment Program, designed to make profitable investments … pension fund, I’m committed to seeking out profitable investment opportunities for the Retirement System’s members, … Read about the pension fund’s In-State Private Equity Investment Program . About the Common Retirement Fund New …

https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companies

State Comptroller DiNapoli Releases Municipal Audits

… a $500 fine. Plattekill Public Library – Procurement and Investment of Funds (Ulster County) The board did not always comply with its procurement and investment policies, or with statutory requirements relating … $24,009. In addition, the board did not adhere to its investment policy by limiting the investment decisions to the …

https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-dinapoli-releases-municipal-audits-1

NYS Comptroller DiNapoli Writes to President Biden in Support of His Planned Veto of Anti-ESG Resolution

… social and governance (ESG) risks as part of their investment decisions. “Investors worldwide know that … politics on what should be dollars and cents, nonpolitical investment decisions. They cannot be allowed to play … right thing and veto this misguided attempt to politicize investment decisions.” In December 2021, DiNapoli wrote in …

https://www.osc.ny.gov/press/releases/2023/03/nys-comptroller-dinapoli-writes-president-biden-support-his-planned-veto-anti-esg-resolution

Village of Greenwich - Cash Management (2019M-230)

… The Board did not develop and manage a comprehensive investment program to ensure interest earnings were … cash flow forecasts that estimate available funds for investment. Ensure available funds are invested within legal …

https://www.osc.ny.gov/local-government/audits/village/2020/04/17/village-greenwich-cash-management-2019m-230

Town of Moriah - Cash Management (2019M-169)

https://www.osc.ny.gov/local-government/audits/town/2019/11/27/town-moriah-cash-management-2019m-169

Management of Cash and Investments

… practices to manage cash and to maximize return on its investment portfolio. However, improvements are needed to … a written plan for meeting the objectives set forth in its investment guidelines. Key Recommendations Routinely monitor … over to the MTA Treasury Department. Establish a written investment plan which includes yield expectations and perform …

https://www.osc.ny.gov/state-agencies/audits/2013/02/13/management-cash-and-investments

XIV.3.A Overview – XIV. Special Procedures

… section of law. The Comptroller is responsible for the investment of State funds until they are needed to support … in some cases, non-appropriated payments. The Short Term Investment Pool (STIP) is comprised of all the operating cash … GCA for the purposes of short-term investments. The STIP investment objective is to seek a high level of interest …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3a-overview

Investors Renew Call on Exxon to Address Climate Risk

… Common Retirement Fund (CRF), and the Church of England investment fund, have again asked ExxonMobil to report how … resolution," said Edward Mason, Head of Responsible Investment at the Church Commissioners. "We believe Exxon's … Patricia Daly of the Tri-State Coalition for Responsible Investment, a representative of the Interfaith Center on …

https://www.osc.ny.gov/press/releases/2017/02/investors-renew-call-exxon-address-climate-risk

NY State Comptroller DiNapoli Announces Appointment of Interim Emerging Managers Director

… doors for up-and-coming financial managers,” said Chief investment Officer Anastasia Titarchuk. “I look forward to … and women owned business entities) conference to give investment managers the opportunity to gain a better understanding of the Fund's investment process and manager selection. This year’s …

https://www.osc.ny.gov/press/releases/2023/02/ny-state-comptroller-dinapoli-announces-appointment-interim-emerging-managers-director

New York State Common Retirement Fund

… and beneficiaries. The Fund's mission, values and investment philosophy have earned it the distinction of … Since its establishment in 1921, the Fund's prudent investment management, solid returns, and constitutionally …

https://www.osc.ny.gov/common-retirement-fund