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Lancaster Central School District – Financial Condition (2016M-101)
… finance operations. District officials have not developed a plan to ensure that debt reserve funds are used for related debt obligations. The written policy for reserves does not address how the suitable balance for each of the reserves will be determined or when these funds will be used or replenished. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/lancaster-central-school-district-financial-condition-2016m-101Sayville Union Free School District – Financial Condition and Cellular Telephones (2015M-86)
… appropriations for the 2014-15 fiscal year were about $90 million. Key Findings The District retained unexpended …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/14/sayville-union-free-school-district-financial-condition-and-cellularHarpursville Central School District – Financial Management (2013M-261)
… during this period. As a result, the unexpended surplus funds exceeded the statutory maximum of 4 percent of the … 21 percent to 33 percent. The District has four reserve funds with excessive balances. Key Recommendations Ensure … taxpayers. Review all reserve balances and transfer excess funds to unrestricted fund … Harpursville Central School …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/03/harpursville-central-school-district-financial-management-2013m-261Sweet Home Central School District – Financial Management (2022M-166)
… report – pdf] Audit Objective Determine whether the Sweet Home Central School District’s (District) Board of Education … on issues raised in the District’s response. … audit sweet home school financial management …
https://www.osc.ny.gov/local-government/audits/school-district/2023/03/31/sweet-home-central-school-district-financial-management-2022m-166Red Creek Central School District – Financial Condition (2016M-365)
… audit was to examine the District’s financial condition for the period July 1, 2012 through June 9, 2016. Background … The Red Creek Central School District is located in the Towns of Butler and Wolcott in Wayne County and the Towns of Victory, Conquest and …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/30/red-creek-central-school-district-financial-condition-2016m-365Wilson Central School District - Financial Management (2022M-22)
… average unemployment expenditure. By maintaining surplus funds in excess of the statutory limit and maintaining excess … to comply with the statutory limit and use the excess funds in a manner more beneficial to taxpayers. Return funds inappropriately restricted in the debt reserve to …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/wilson-central-school-district-financial-management-2022m-22East Irondequoit Central School District - Financial Management (2019M-28)
… to 2017-18. The District also maintained 11 proper reserve funds totaling $34 million at June 30, 2018. During the last … balance complies with statutory limits and use surplus funds for one-time expenditures, paying down debt or applying … and accounting for encumbrances and debt service funds properly. District officials disagreed with certain …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/18/east-irondequoit-central-school-district-financial-management-2019m-28Village of Delhi – Financial Condition (2013M-110)
… Purpose of Audit The purpose of our audit was to examine the Village’s financial condition … established formal reserves for future repairs and capital needs. Key Recommendations Consider historical trends, as …
https://www.osc.ny.gov/local-government/audits/village/2013/07/26/village-delhi-financial-condition-2013m-110Pompey Hill Fire District – Financial Management (2021M-136)
… - pdf ] Audit Objective Determine whether the Pompey Hill Fire District (District) Board of Fire Commissioners … District’s response letter. … Determine whether the Pompey Hill Fire District District Board of Fire Commissioners Board …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/11/05/pompey-hill-fire-district-financial-management-2021m-136Pembroke Central School District - Investment Program (2023M-130)
Determine whether Pembroke Central School District District officials developed and managed a comprehensive investment program
https://www.osc.ny.gov/local-government/audits/school-district/2024/04/19/pembroke-central-school-district-investment-program-2023m-130DiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter
… and real assets (13.14%) and credit, absolute return strategies, and opportunistic alternatives (7.76%). The …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-state-pension-fund-valued-267-point-7-billion-end-first-quarterDiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter
… and real assets (13.32%) and credit, absolute return strategies, and opportunistic alternatives (8%). The Fund’s …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarterDiNapoli: State Tax Collections Dip
… revenue remains below estimates.” Total receipts from all funds, including miscellaneous and federal receipts, declined … focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental Funds includes General, Special Revenue, Debt Service and …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-state-tax-collections-dipDiNapoli Releases April Cash Report
… (DOB) projections, according to the April state cash report released today by State Comptroller Thomas P. … April receipts.” Other findings from the April cash report include: PIT receipts through April totaled $6.7 … settlement revenue. DiNapoli's office issues a state cash report every month identifying actual state revenues and …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-releases-april-cash-reportProcurement and Payroll-Related Matters Pertaining to the Use of Certain Federal Funds
… Queens, and the Bronx. Transit also operates the Staten Island Railway and buses in all five boroughs. In 2009, the … the 23 projects' sites and did a more detailed review of one project: the Induction Loop project (estimated to cost … were assigned there and receiving overtime. At one work site for the Subway Stations Rehabilitation project, we …
https://www.osc.ny.gov/state-agencies/audits/2014/06/18/procurement-and-payroll-related-matters-pertaining-use-certain-federal-fundsDiNapoli Announces $200 Million Commitment for Opportunistic Investments
… Common Retirement Fund to help increase access to the best investment talent in the emerging hedge fund space,”said … instruments and has consistently been ranked as one of the best managed and best funded plans in the nation. Over the past 20 years, 80 …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-announces-200-million-commitment-opportunistic-investmentsState Agencies Bulletin No. 422.2
… checking or savings account. Agencies cannot use form AC230 , Report of Check Returned for Refund or Exchange, … Refer to the authorization on the AC2772 , Direct Deposit form for further information. Effective Dates: Immediately … request to the DD Returns and Reversals mailbox. One form should be submitted for each check date. AC3197 requests …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/4222-revised-direct-deposit-delete-and-reversalsNYS Common Retirement Fund Reports Third Quarter Results
… Retirement Fund’s (Fund) estimated return in the third quarter of the State Fiscal Year (SFY) 2018-19 was -7.17 … percent for the three-month period ending Dec. 31, 2018, with an estimated value of $197.3 billion, according to New … Fund’s investment returns were 1.53 percent in the first quarter and 3.47 percent in the second quarter. About the New …
https://www.osc.ny.gov/press/releases/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsTown of Henrietta – Financial Management and Purchasing (2013M-208)
… budgeting practices and the level of unexpended surplus funds to maintain. The Board has adopted budgets that were … has accumulated a significant amount of unexpended surplus funds in the general and drainage district funds. The Board did not provide sufficient oversight over …
https://www.osc.ny.gov/local-government/audits/town/2014/01/24/town-henrietta-financial-management-and-purchasing-2013m-208Long Island Workforce Housing Act (2015-MR-4)
… implemented the Long Island Workforce Housing Act (Act) in 2008 for the purpose of making homeownership more … has not adopted guidelines and procedures governing how expenditures will be made from the trust fund. Key … fees paid in lieu of the designation of affordable units are calculated in accordance with the Act. Establish …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2016/01/08/long-island-workforce-housing-act-2015-mr-4