Selected reports and information published by New York State's Comptroller Thomas P. DiNapoli during the week ending March 8, 2014
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Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli Thursday, March 6, 2014, announced his office completed audits of:
New York State Comptroller Thomas P. DiNapoli Thursday, March 6, 2014, announced his office completed audits of:
the Town of Amenia;
the Jericho Water District; Town of Poland; and
the Town of Porter.
Comptroller DiNapoli Releases School Audits
New York State Comptroller Thomas P. DiNapoli Thursday, March 6, 2014, announced his office completed audits of:
the Frontier Central School District; and
DiNapoli Announces $15 Million Investment in Northern Ireland
New York State Comptroller Thomas P. DiNapoli Tuesday, March 4, 2014, announced that the New York State Common Retirement Fund is investing $15 million (£9 million) with Northern Ireland venture capital firm Crescent Capital.
DiNapoli: Nearly $1 Million in Questionable Payments Result from Poor Monitoring by OASAS
Samaritan Village Inc., a contractor of substance abuse treatment for the Office of Alcoholism and Substance Abuse Services (OASAS), was paid nearly $1 million in inappropriate and questionable expenses over a one–year period, according to an auditreleased Monday, March 3, 2014, by State Comptroller Thomas P. DiNapoli. The questionable expenses included more than $400,000 given to clients to spend on day trips and transportation.
DiNapoli: Audits Reveal Problems with Local IDAs
Industrial Development Agencies (IDAs) in Dutchess, Greene and Putnam counties granted questionable tax incentives and failed to enforce job creation goals, according to audits released Tuesday, March 4, 2014, by State Comptroller Thomas P. DiNapoli. DiNapoli renewed his call for better accountability for IDAs and urged the State Legislature to consider his proposed IDA reform legislation.
DiNapoli Calls for Improvements to Capital Planning Process
Over the past 10 years, New York spent an estimated $81.7 billion — including tax dollars, federal aid and long–term borrowing proceeds — to support its capital program, with another $9.6 billion proposed for the upcoming fiscal year, according to a reportreleased Thursday, March 6, 2014, by State Comptroller Thomas P. DiNapoli. The report, which reviews New York’s capital spending over the past decade and plans for the coming years, concludes that reforms are needed to ensure that New York State is spending its billions of capital project dollars wisely.
State Pension Fund Makes New Commitment of $10 Million for Investments in New York Companies
New York State Comptroller Thomas P. DiNapoli announced Thursday, March 6, 2014, a $10 million commitment to venture capital firm Tribeca Venture Partners (TVP) through the New York State Common Retirement Fund’s (Fund) In–State Private Equity Program. TVP will use the funds to provide early stage venture capital funding to New York state–based companies. This is the Fund’s second commitment to TVP.
DiNapoli Statement on Special Education Provider Guilty Plea in Federal Court
New York State Comptroller Thomas P. DiNapoli Friday, March 7, 2014, issued the following statement on the guilty plea to mail fraud in federal court by Cheon Park, the owner of Bilingual SEIT & Preschool Inc., which stemmed from a referral from DiNapoli’s office.
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