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LGAC - Annual Investment Report - 2018
New York Local Government Assistance Corporation annual investment report for the fiscal year ended March 31, 2018
https://www.osc.ny.gov/files/debt/pdf/lgac-investment-2018.pdfNYS Pension Fund Launches Review of Integrated Oil & Gas Companies
… DiNapoli’s comprehensive Climate Action Plan to mitigate investment risks posed by climate change and ultimately transition the Fund’s investment portfolio to net zero greenhouse gas emissions by … transition readiness. Background on DiNapoli’s Climate Investment Actions Since taking office in 2007, DiNapoli has …
https://www.osc.ny.gov/press/releases/2022/08/nys-pension-fund-launches-review-integrated-oil-gas-companiesDiNapoli: Investment in Rochester Company Returns $6.7 Million to State Pension Fund
… $6.7 million return, nearly four times the initial investment, and achieved an approximated 21 percent internal … New York State-based companies. “The success of the 5LINX investment is another example of how the In-State Private … percent of the cost of benefit payments has been funded by investment returns. The Fund’s fiscal year ends March 31, …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-investment-rochester-company-returns-67-million-state-pension-fundInvestors: Exxon Needs to Step Up on Climate Change
… in person," said Edward Mason, the Head of Responsible Investment for the Church of England's investment fund. "Investors are rightly concerned and … and DTE Energy (45%). A similar proposal, filed by Wespath Investment Management, won majority shareholder support at …
https://www.osc.ny.gov/press/releases/2017/05/investors-exxon-needs-step-climate-changeNYS Pension Fund Commits $2 Billion to Climate Transition Index
… Index (CTI) in connection with the Fund’s Sustainable Investment & Climate Solutions (SICS) program. “The New York … using the Climate Transition Index, the Fund will have an investment tool that incorporates a robust data-driven … overall commitment. This is the third passive domestic investment under the program. Background on DiNapoli’s …
https://www.osc.ny.gov/press/releases/2021/12/nys-pension-fund-commits-2-billion-climate-transition-indexDiNapoli Presses Worst Greenhouse Gas Emitters to Meet Paris Climate Agreement Goals
… target reduction of 80 percent. DiNapoli's Sustainable Investment Program Since taking office in 2007, DiNapoli has … At his direction, the Fund developed the Sustainable Investment Program. The low emissions index is one of the key … pieces of the program's multi-pronged approach to managing investment risk posed by climate change. In January 2016, …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-presses-worst-greenhouse-gas-emitters-meet-paris-climate-agreement-goalsGlobal Investor Coalition Calls on Exxon to Prepare for a Lower Carbon Future
… at ExxonMobil,” said Edward Mason, the Head of Responsible Investment for the Church of England’s investment fund. “As responsible investors we are committed … filed by Comptroller DiNapoli and the Church of England’s investment fund asks ExxonMobil to publish an assessment of …
https://www.osc.ny.gov/press/releases/2016/01/global-investor-coalition-calls-exxon-prepare-lower-carbon-futureNYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… or divestment. He is also reaching out to the Fund’s investment managers to urge them to conduct a similar examination to mitigate investment risk and minimize market impact. “Russia’s … duty. “This crisis has underscored major political and investment risks relating to President Putin’s unhinged, …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-reviewState Comptroller DiNapoli Releases School District Audits
… officials did not develop and manage a comprehensive investment program. As a result, officials did not maximize … forecasts to estimate the amount of funds available for investment. Officials earned interest totaling $40,652 during … earned another $159,100 had officials used other available investment options. Mahopac Central School District – …
https://www.osc.ny.gov/press/releases/2020/10/state-comptroller-dinapoli-releases-school-district-audits-0Genesee County Industrial Development Agency – Project Approval and Monitoring (2014M-66)
… totaling more than $600 million in reported capital investment. Key Findings The GCIDA Board has not formalized … indicate on their application the intended capital investment, they are not required to submit periodic progress … no assurance that the businesses/firms are meeting their investment goals. Key Recommendations Establish and formally …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2014/05/14/genesee-county-industrial-development-agency-projectDiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… announced that the New York State Common Retirement Fund’s investment return was 11.55% for the state fiscal year that … across asset classes helped drive the state pension fund’s investment returns higher over the past year, with many … fiscal year. Employer contribution rates are determined by investment results over a multi-year period along with …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24State Comptroller DiNapoli Releases School District Audit
… officials did not develop and manage a comprehensive investment program or comply with the district’s board of education’s investment policy. District officials should solicit interest …
https://www.osc.ny.gov/press/releases/2021/02/state-comptroller-dinapoli-releases-school-district-auditAlton Fire District – Internal Controls Over Financial Operations (2015M-96)
… totaled $85,283. Key Findings The Board has not adopted an investment policy. The Treasurer performed monthly back … books and records. Key Recommendations Adopt an investment policy. Review monthly bank statements and the …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/07/10/alton-fire-district-internal-controls-over-financial-operations-2015m-96DiNapoli: $10 Million Ponzi Scheme Unraveled Following Nassau County District Attorney Investigation
… that included a bogus online portal showing fabricated investment growth," DA Singas said. "Instead of providing the … who was a registered CPA, assured his client that the investment was safe, had no risk, and the principal would be … balance, leading victims to believe that their principal investment was with Conmac Funding and earning interest. The …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-10-million-ponzi-scheme-unraveled-following-nassau-county-district-attorney-investigationPocatello Fire District – Board Oversight and Treasurer’s Records and Reports (2016M-301)
… The Board did not develop a procurement policy or an investment policy. The Board did not develop a code of … policies and procedures that include purchasing and investment requirements. Develop and formally adopt a code of …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/01/13/pocatello-fire-district-board-oversight-and-treasurers-records-and-reportsCincinnatus Fire District – Financial Controls (2014M-49)
… totals $233,379. Key Findings The Board did not adopt an investment policy or credit card use policy. The Treasurer … audits timely or at all. Key Recommendations Adopt an investment policy and a credit card use policy. Ensure that …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/04/25/cincinnatus-fire-district-financial-controls-2014m-49Pultneyville Fire District – Internal Controls Over Financial Operations (2015M-80)
… total $132,950. Key Findings The Board has not adopted an investment policy, which is required by State General … District’s financial records. Key Recommendations Adopt an investment policy. Review the Treasurer’s monthly bank …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/06/26/pultneyville-fire-district-internal-controls-over-financial-operationsTown of Saranac - Cash Management (2019M-32)
… The Board did not develop and manage a comprehensive investment program to ensure interest earnings were maximized … cash flow forecasts that estimate available funds for investment. Ensure available funds are invested in a manner, …
https://www.osc.ny.gov/local-government/audits/town/2019/09/13/town-saranac-cash-management-2019m-32NYS Common Retirement Fund Reports Second Quarter Results
… Thomas P. DiNapoli. “A second straight quarter of strong investment returns raised the pension fund’s estimated value … alternatives (5.3 percent). DiNapoli initiated quarterly investment performance reporting in 2009 as part of his … three months and reflect a fraction of the Fund’s annual investment return. About the New York State Common Retirement …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli Restricts Investments in 21 Shale Oil & Gas Companies
… of DiNapoli’s comprehensive Climate Action Plan to address investment risks from climate change and his commitment to transition the Fund’s investment portfolio to net zero greenhouse gas emissions by … integrated oil and gas companies. Background on Climate Investment Actions Since taking office in 2007, DiNapoli has …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-restricts-investments-21-shale-oil-gas-companies