New York Comptroller Thomas DiNapoli boasted of his and his staff's accomplishments in 2013.
DiNapoli oversaw a 10.4% growth of the state's Common Retirement Fund in fiscal 2012-2013, his office said in a news release hailing its "major accomplishments in 2013."
The fund reached an all-time high value of $160.7 billion.
Funston Advisory Services praised DiNapoli's reforms of the fund after taking office. The firm said the fund was well-run and operating with an industry-leading level of transparency.
During 2013 DiNapoli's staff completed more than 440 audits of local governments. In the process the office identified $106.2 million in savings and $700,000 in fraud or inappropriate expenses.
The staff prevented or recovered about $84 million in inappropriate and/or duplicate payments in tax refunds, unemployment benefits, workers compensation benefits and other areas.
Along with launching a fiscal stress monitoring system of local governments, DiNapoli's staff provided training to more than 6,000 local government officials on accounting operations and managing finances during times of financial stress.
