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Monticello Central School District – Budgeting (2014M-97)
… and continues to grow. Some of the District’s reserve funds are funded at levels higher than necessary. Key … reserves, review all reserve balances and transfer excess funds to unrestricted fund balance or other reserves in …
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/05/monticello-central-school-district-budgeting-2014m-97Warsaw Central School District – Financial Management (2016M-278)
… reserved are necessary and reasonably funded. Any excess funds should be transferred to unrestricted fund balance … with statutory directives. Use available debt reserve funds to pay debt service principal and interest. … Warsaw …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/16/warsaw-central-school-district-financial-management-2016m-278Investment Advisory Committee
… Advisory Committee reviews the investment policy statement and any amendments to it, and reviews and provides …
https://www.osc.ny.gov/common-retirement-fund/resources/investment-advisory-committeeDiNapoli: Former Pulteney Fire District Treasurer Sentenced in $6,800 Theft of Fire District Funds
… treasurer of Pulteney Fire District No. 2 was sentenced to five years probation and ordered to pay full restitution for stealing more than $6,800 in fire … an illegal second salary. “This public servant was able to write herself extra paychecks because no one else was …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-former-pulteney-fire-district-treasurer-sentenced-6800-theft-fire-district-fundsDiNapoli: Problems Plague State's Rent Relief Program; Federal Funds To Help Renters at Risk
… track program progress and manage outreach. As of Aug. 12, 2021, $108.8 million has been disbursed from the Emergency … York City close to double the national average, 10.1% in June of 2021 according to the Department of Labor compared to … 30% were Hispanic, 27% were White, 20% Black and 18% Asian. The poorest households (those that earned 30% of …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-problems-plague-states-rent-relief-program-federal-funds-help-renters-riskDiNapoli: New Federal Funds Give New York a Chance To Expand Broadband, Close Digital Divide
… allowing for affordable subscriptions. The new federal funds are intended to spur broadband deployment by … Broadband Equity, Access and Deployment (BEAD) Program funds announced in June 2023, initial federal COVID-19 relief …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-new-federal-funds-give-new-york-chance-expand-broadband-close-digital-divideDiNapoli: Former Oneida City Chamberlain Arrested for Stealing More Than $78,000 in City Funds
… one property owner’s payment to another. She spent the funds on, among other things, social outings with friends and …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-former-oneida-city-chamberlain-arrested-stealing-more-78000-city-fundsTupper Lake Volunteer Fire Department, Inc. – Misappropriation of Funds and Board Oversight (2014M-229)
… to the Board for approval prior to the disbursement of funds. Ensure that fund-raising events have detailed records …
https://www.osc.ny.gov/local-government/audits/fire-district/2016/02/24/tupper-lake-volunteer-fire-department-inc-misappropriation-funds-and-boardDiNapoli: Town of Alexander Clerk Arrested for Allegedly Stealing Nearly $3,000 of Taxpayer Funds
… instead she allegedly abused her position to steal town funds and attempted to hide her crime,” DiNapoli said. “I … the public trust, particularly those who divert public funds to their own use. I would like to thank ADA Victor Mui, … trust by disregarding the law and stealing from town funds. I applaud the Comptroller’s Office, Genesee County …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-town-alexander-clerk-arrested-allegedly-stealing-nearly-3000-taxpayer-fundsOversight of the Farm-to-School Program
… adequately overseeing the Farm-to-School Program to ensure funds are used as intended and program goals are achieved. … and recipient performance to ensure recipients use funds as intended and achieve Program goals. We generally … adequately overseeing the FarmtoSchool Program to ensure funds are used as intended and program goals are achieved …
https://www.osc.ny.gov/state-agencies/audits/2021/04/19/oversight-farm-school-programIX.12 Cash Management Improvement Act (CMIA) – IX. Federal Grants
… efficiency, effectiveness, and equity in the exchange of funds between the Federal Government and states. This federal … efficiency effectiveness and equity in the exchange of funds between the Federal Government and states …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12-cash-management-improvement-act-cmiaDiNapoli: Corporate America Must Show Progress on Diversity, Equity & Inclusion
… New York State Comptroller Thomas P. DiNapoli today announced the New York State Common Retirement Fund’s (Fund) efforts to increase corporate accountability for … for failing to ensure DEI throughout all levels of their companies. “Corporate America must foster and …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-corporate-america-must-show-progress-diversity-equity-inclusionOpinion 96-22
… or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Capital Reserve Fund … and tax stabilization reserve fund); (use of moneys in fund following abandonment of purpose for which fund … established) GENERAL MUNICIPAL LAW, §6-c(9), (9-a): Moneys in a capital reserve fund may not be transferred to a …
https://www.osc.ny.gov/legal-opinions/opinion-96-22Opinion 88-51
… This opinion represents the views of the Office of the State Comptroller at the time … of capital improvements if the repairs are of a type that do not recur annually or at shorter intervals. Expenditures … efficient operating condition. It does not add to the value of the property, nor does it appreciably prolong its …
https://www.osc.ny.gov/legal-opinions/opinion-88-51City of Olean – Budget Review (B17-1-3)
… accumulated deficit in the City's general, water and sewer funds as of May 31, 2007. Local Finance Law requires all … of appropriations) and $75,000 each in the sewer and water funds (2.5 percent of appropriations) provide limited …
https://www.osc.ny.gov/local-government/audits/city/2017/03/17/city-olean-budget-review-b17-1-3DiNapoli Audit: Pre-K Special Education Provider Spent $2.5 Million in Unallowed Expenses
… determines how special education providers can use public funds to make certain that children get the greatest … Education Department so that they can recover the misspent funds.” Shared staff at Starting Point Services divided their … uncovered waste, fraud and abuse of special education funds, DiNapoli announced an initiative involving a broad …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-audit-pre-k-special-education-provider-spent-25-million-unallowed-expensesNYS Comptroller DiNapoli Writes to President Biden in Support of His Planned Veto of Anti-ESG Resolution
… Department (DOL) rule that allows managers of retirement funds that are subject to the Employee Retirement Income … (Fund), which is the one of the largest public pension funds in the United States. The Fund is not subject to the … factors that a prudent investor, including pension funds, absolutely must consider. Thank you for continuous …
https://www.osc.ny.gov/press/releases/2023/03/nys-comptroller-dinapoli-writes-president-biden-support-his-planned-veto-anti-esg-resolutionDiNapoli: Former Long Island School Official Pleads Guilty in Kickback Scheme
… totaling more than $100,000 to Gardner through fraudulent payroll deposits and other payments. To conceal the illegal …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-former-long-island-school-official-pleads-guilty-kickback-schemeState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… median assumed rate of return among state public pension funds is 7.25 percent as of February 2019, according to the … of State Retirement Administrators. Only 16 public funds are currently below 7 percent for their investment …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredAwarding and Oversight of Statewide Interoperable Communications Grants
… Interoperable Communications Grant awards to ensure grant funds were allocated and spent for intended purposes. This … all counties that applied for grants received funding. Funds are distributed through vouchers that counties submit … generally meeting its obligations for ensuring that grant funds are appropriately allocated. We did, however, identify …
https://www.osc.ny.gov/state-agencies/audits/2017/07/18/awarding-and-oversight-statewide-interoperable-communications-grants