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Wayne Central School District – Financial Management (2012M-229)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial operations for the period July 1, 2009, to April 30, 2012. Background The Wayne Central School … $13.8 million, which caused the accumulated fund balance to exceed the statutory maximum of 4 percent of the ensuing …
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/22/wayne-central-school-district-financial-management-2012m-229Comptroller DiNapoli Releases School Audits
… . State Comptroller DiNapoli has made it a priority to audit school district, BOCES and charter school finances … found that only two of the reserves (tax certiorari and retirement contribution) have been used over the last five … District officials did not maintain accurate and up-to-date IT hardware inventory records. Service level agreements …
https://www.osc.ny.gov/press/releases/2016/09/comptroller-dinapoli-releases-school-auditsDiNapoli: Federal Relief Funds Should Have Been Better Targeted to Communities Hardest Hit by COVID-19
… have been more prudent than basing the distribution of funds on the population. As a result, regions like New York … York City would have received $9.4 billion. The use of CRF funds is restricted to unbudgeted financial needs associated … March 1, 2020, to Dec. 30, 2020. Under current law, the funds cannot be used to offset revenue losses. CRF funds can …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-federal-relief-funds-should-have-been-better-targeted-communities-hardest-hit-covid-19U. S. Steel and DiNapoli Agree on Enhanced Disclosure of Corporate Political Contributions
… New York State Comptroller Thomas P. DiNapoli today announced … that United States Steel Corporation has agreed to the New York State Common Retirement Fund’s request that it … conduct.” “To that end, we are pleased to work with the New York State Comptroller, as well as other public …
https://www.osc.ny.gov/press/releases/2015/03/u-s-steel-and-dinapoli-agree-enhanced-disclosure-corporate-political-contributionsDiNapoli Restricts Investments in 21 Shale Oil & Gas Companies
… The New York State Common Retirement Fund (Fund) will restrict investments in 21 shale oil and gas … funded plans in the nation. … The New York State Common Retirement Fund Fund will restrict investments in 21 shale …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-restricts-investments-21-shale-oil-gas-companiesDiNapoli: FirstEnergy Corp. Agrees to Disclose Its Political Spending
… in corporate funds since the 2010 election cycle, but that does not provide a complete picture of the company’s …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-firstenergy-corp-agrees-disclose-its-political-spendingTown of Wolcott – Financial Management (2020M-131)
… the town-wide (TW) and town-outside-village (TOV) general funds. Adopted unrealistic budgets and did not maintain … and recording revenue and expenditures in the appropriate funds. Adopt budgets with realistic estimates. Establish a …
https://www.osc.ny.gov/local-government/audits/town/2021/06/11/town-wolcott-financial-management-2020m-131Town of Bainbridge – Justice Court Operations (2021M-51)
… liabilities by $4,129. The Justices cannot account for the source of this money. Key Recommendations The …
https://www.osc.ny.gov/local-government/audits/justice-court/2021/11/19/town-bainbridge-justice-court-operations-2021m-51Village of Head of the Harbor – Justice Court Operations (2020M-110)
… credit card settlement reports, copies of checks and money orders and bank statements were missing. Ensure 330 …
https://www.osc.ny.gov/local-government/audits/justice-court/2021/04/01/village-head-harbor-justice-court-operations-2020m-110DiNapoli Releases Report on SFY 2024-25 Financial Plan
… budget deficit, with a cumulative three-year budget gap of $13.9 billion forecasted by the Division of the Budget (DOB), according to a report by State … needed to align projected state spending with revenues and address factors that challenge the state’s finances, economic …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-releases-report-sfy-2024-25-financial-planVillage of Avon - Board Oversights and Professional Services (2018M-30)
… inappropriately authorized the use of capital reserve funds for non-capital expenditures. Professional service … and all operating expenditures in appropriate operating funds and use capital reserves for authorized capital …
https://www.osc.ny.gov/local-government/audits/village/2018/05/18/village-avon-board-oversights-and-professional-services-2018m-30New York State Common Retirement Fund
The New York State Common Retirement Fund holds and invests the assets of the New York State and Local Retirement System
https://www.osc.ny.gov/common-retirement-fundState Comptroller DiNapoli Releases Municipal Audits
… and disbursed and furnish a report showing this activity at the department’s regular meetings. Town of East Hampton – … operations which caused this fund to be in fiscal stress at the end of the 2013-14 fiscal year. The board also …
https://www.osc.ny.gov/press/releases/2014/11/state-comptroller-dinapoli-releases-municipal-auditsNYS Common Retirement Fund Reports First Quarter Results
… requested data. … The New York State Common Retirement Funds Fund estimated return in the first quarter of the State …
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsUpstate New York Company Delivers $450,000 Investment Gain To The State Pension Fund
… Program has helped grow the pension fund while supporting jobs and fueling local economies. Our program continues to … Fund, as well as created a number of high quality jobs within the region," said Kevin Phelps, general partner … million in 298 companies and has supported nearly 4,000 jobs across the state. There is $467 million available for …
https://www.osc.ny.gov/press/releases/2015/02/upstate-new-york-company-delivers-450000-investment-gain-state-pension-fundControls Over Federally Funded Programs and Maximization of Federal Funding
… Objective To determine whether the Division of Housing and Community Renewal is obtaining federal … About the Program Homes and Community Renewal’s Division of Housing and Community Renewal (Division) administers the State’s WAP. The purpose of the program is to reduce energy and utility costs by …
https://www.osc.ny.gov/state-agencies/audits/2021/08/18/controls-over-federally-funded-programs-and-maximization-federal-fundingDiNapoli Appoints Navyug Patel Deputy Chief Investment Officer of the New York State Common Retirement Fund
… and their beneficiaries.” “Nav is a valued partner to me in our investment process,” Anastasia Titarchuk, the … go to Comptroller DiNapoli for his trust in appointing me to this position.” Patel was born in Uganda and raised in …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-appoints-navyug-patel-deputy-chief-investment-officer-new-york-state-common-retirement-fundDiNapoli: Five Fortune 500 Companies Reach Agreements on Corporate Political Spending
… Union Pacific and Centerpoint Energy – have agreed to the New York State Common Retirement Fund’s (Fund) request … stockholders’ meeting. “Investors have the legal right to know how corporate dollars are being spent in the political …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-five-fortune-500-companies-reach-agreements-corporate-political-spendingState Comptroller DiNapoli Releases State Audits
… A review of Lehman’s accounts found that a non-tax-levy account contained tax-levy funds that Lehman officials should …
https://www.osc.ny.gov/press/releases/2016/05/state-comptroller-dinapoli-releases-state-auditsDiNapoli Releases May State Cash Report
… focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental Funds includes General, Special Revenue, Debt Service and Capital Projects funds, as well as funds from the federal government. The …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-releases-may-state-cash-report