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Comptroller DiNapoli, A.G. Schneiderman & DOI Commissioner Peters Announce The Sentence of Non-Profit Executive In Theft Scheme
… corporation, Angeldocs, Inc. Angeldocs received a total of 12 government grants. Ogundu stole a portion of each of the … trust is held accountable.” “In this case the theft of U.S. taxpayer funds through grant fraud is driven by nothing … Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] , or by mailing a …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-ag-schneiderman-doi-commissioner-peters-announce-sentence-non-profit-executiveOpinion 88-46
… the funds to be invested and is to be responsible for the payment of all expenses arising from the investment of those …
https://www.osc.ny.gov/legal-opinions/opinion-88-46Town of Butternuts – Accounting and Reporting (2016M-323)
… for 2016 for the town-wide and town-outside-village funds totaled approximately $1.3 million. Key Findings The … accounting records resulting in misstatements in several funds. Key Recommendations Adopt budgets which include the … Properly record the separate cash balances of different funds that are commingled in one bank account. … The purpose …
https://www.osc.ny.gov/local-government/audits/town/2016/11/25/town-butternuts-accounting-and-reporting-2016m-323Greenville Fire District – Capital Reserve (2014M-64)
… 2013 were $569,444. Key Findings The District accumulated funds in its capital reserve in excess of the amount … the reasonableness of amounts accumulated in reserve funds. If new equipment is not purchased, develop a plan for use of the surplus funds. … Greenville Fire District Capital Reserve 2014M64 …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/05/16/greenville-fire-district-capital-reserve-2014m-64Village of Fort Ann – Financial Condition (2014M-197)
… evaluate the Village’s financial condition for the period March 1, 2011 through February 28, 2014. Background The …
https://www.osc.ny.gov/local-government/audits/village/2014/11/14/village-fort-ann-financial-condition-2014m-197Town of Saranac - Cash Management (2019M-32)
… Ensure available funds are invested in a manner, within legal limits, to maximize interest earnings. Town officials …
https://www.osc.ny.gov/local-government/audits/town/2019/09/13/town-saranac-cash-management-2019m-32Massena Central School District - Selected Non-Payroll Disbursements (2019M-71)
… fees and utilities), direct access to a District bank account to disburse these funds. Payment of utilities … vendors from having direct access to a District bank account and the ability to disburse funds. Transfer money to …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/massena-central-school-district-selected-non-payroll-disbursements-2019mIX.12.A Key Provisions – IX. Federal Grants
… of checks or settlement of electronic fund transfers (EFT). Guide to Financial Operations REV. 03/19/2012 … The …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12a-key-provisionsGroton Central School District – Cash Management (2020M-124)
… District officials did not maximize interest earnings. During the audit period, the District’s interest earnings … another $367,963 if officials invested available funds in a financial institution that offered higher interest … action. Appendix B includes our comments on issues raised in the District’s response letter. … Determine whether Groton …
https://www.osc.ny.gov/local-government/audits/school-district/2021/01/29/groton-central-school-district-cash-management-2020m-124Rocky Point Union Free School District – Financial Condition (2015M-170)
… fund, how each reserve would be funded or when reserve funds would be used. Amounts retained in two of the … comprehensive policies for establishing and using reserve funds. Develop a plan for the use of excess fund balance and reserve funds in a manner that benefits District taxpayers. … Rocky …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/13/rocky-point-union-free-school-district-financial-condition-2015m-170Elba Central School District – Financial Condition (2013M-240)
… in operating surpluses, which caused unexpended surplus funds to exceed statutory limits in each of the past five … For example, as of June 30, 2013, unexpended surplus funds exceeded statutory limits by $949,184. Although … surplus fund balance and the excess amounts in reserve funds in a manner that benefits District taxpayers. Review …
https://www.osc.ny.gov/local-government/audits/school-district/2013/10/25/elba-central-school-district-financial-condition-2013m-240Hammond Central School District – Financial Management (2024M-70)
… Audit Objective Determine whether the Hammond Central School District (District) Board of Education (Board) and … action. … Determine whether the Hammond Central School District District Board of Education Board and …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/11/hammond-central-school-district-financial-management-2024m-70City of Amsterdam – Budget Review (B23-5-4)
… exceed $8.3 million to liquidate the cumulative deficits in the City’s general, transportation, sewer and recreation … The significant revenue and expenditure projections in the 2023-24 proposed budget are reasonable. However, we … City officials did not implement all recommendations in our previous budget review letter when preparing the …
https://www.osc.ny.gov/local-government/audits/city/2023/05/05/city-amsterdam-budget-review-b23-5-4State Pension Fund Adds $30 Million for Investments in New York Companies
… to the firm in 2010 for $15 million and in 2003 for $27 million through the In-State Program. Primary Venture … million members, retirees and beneficiaries from more than 3,000 state and local government employers. The Fund has a … by investment returns. The Fund’s fiscal year ends March 31, 2015. … The New York State Common Retirement Fund has …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesNYS Common Retirement Fund Reports Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the … growth in the stock market has added to the state pension fund’s dramatic increases this year,” DiNapoli said. … requested data. … The New York State Common Retirement Funds Fund estimated return in the third quarter of the State …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli: State Pension Fund Value $192 Billion
… best funded, best performing pension plans in the nation and that’s great news for the more than one million men and women who participate in it, as well as for New York taxpayers.” Over state fiscal year 2017, domestic and non-U.S. equities enjoyed overall returns of 17.01 …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… New York State Comptroller Thomas P. DiNapoli today announced reductions in employer contribution rates to the New York State and Local Retirement System (NYSLRS) for both … median assumed rate of return among state public pension funds is 7.0% as of August 2021, according to the National …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemIX.6.D HHS Payment Management System – IX. Federal Grants
… Unique Entity Identifier (UEI) number and the State’s Tax Identification Number (TIN) with the System for Award …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6d-hhs-payment-management-systemDiNapoli Releases Analysis of State Financial Plan
… stability for the next five years and includes plans to bolster rainy day reserves significantly, according to a report by State Comptroller Thomas P. DiNapoli. However, … position is currently stable, providing an opportunity to build reserves that should not be lost,” DiNapoli said. …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planDiNapoli Releases Review of Executive Budget
… Division of the Budget (DOB) forecasts in the State Fiscal Year (SFY) 2022-23 Executive Budget that the budget will … Budget has a significantly improved outlook from last year. General Fund budget gaps forecast by DOB just one year …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-releases-review-executive-budget