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For the week of June 28 - July 2, 2010

DiNapoli: State Agencies Could Save Millions By Cutting Service Contracts, Maximizing Revenue

New York State agencies could save millions of dollars annually by maximizing available revenues and by eliminating unneeded personal and miscellaneous service contracts, according to three audits released on Thursday by State Comptroller Thomas P. DiNapoli.

CRF Launches Emerging Manager Program For Hedge Funds

The $132.6 billion New York State Common Retirement Fund (Fund) has allocated $200 million to The Rock Creek Group to manage the first installment of the new emerging manager component of the Fund's industry leading hedge fund portfolio, State Comptroller Thomas P. DiNapoli announced on Wednesday.

DiNapoli: MTA Not Maximizing Potential Of Real Estate Portfolio

The Metropolitan Transportation Agency (MTA) is missing significant opportunities to save money and generate greater revenues through its vast real estate portfolio, according to an audit New York State Comptroller Thomas P. DiNapoli released on Thursday. DiNapoli's audit found the MTA routinely spends more than $25 million a year on rent without assessing whether some of its vacant properties can meet its office space needs. The MTA also did not have a strategic plan for marketing its real estate holdings, and had not met the Public Authorities Law reporting requirements to publish a list of the holdings until June 2010.

DiNapoli: Rotterdam IDA's Project Approval And Monitoring Process Needs Improvement

The Rotterdam Industrial Development Agency (RIDA) failed to properly evaluate and monitor project performance to ensure that approved projects were meeting their job creation and retention goals, according to a report released on Monday by New York State Comptroller Thomas P. DiNapoli.

DiNapoli: June School Aid Payments Made

New York State Comptroller Thomas P. DiNapoli said on Tuesday that school aid payments delayed from June 1, totaling nearly $1.6 billion, were paid.

DiNapoli's Office Completes Local Government Audits

State Comptroller Thomas P. DiNapoli on Tuesday announced his office completed the following audits: Town of Perrysburg – Internal Controls Over Selected Financial Operations (Cattaraugus County) and Montgomery County – Internal Controls Over Workers' Compensation Self-Insurance.

DiNapoli: Online OUF System Returned $4M To New Yorkers

New York State Comptroller Thomas P. DiNapoli said on Wednesday that his latest effort to help return unclaimed funds to their rightful owners is paying off big for New Yorkers. DiNapoli said the Office of Unclaimed Funds (OUF) has received over 28,000 online claims totaling $4.3 million since its launch in late March.

See If You Are Owed Some of NY's $9.9B in Unclaimed Funds at Events Statewide

New Yorkers can find out if they are owed some of the state's $9.9 billion in unclaimed funds at events across the state in July, State Comptroller Thomas P. DiNapoli announced on Wednesday.

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