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Common Attributes of Successful Emerging Managers
… to forming a successful Emerging Manager Strategy: Years of team’s operating experience Years of team’s prior institutional asset manager experience Tenure of the leadership team investing and operating together … Attributes of successful newly formed and emerging firms …
https://www.osc.ny.gov/common-retirement-fund/emerging-manager/common-attributes-successful-emerging-managersNotice of Assessment on State Lands
… Signed into law on November 28, 2016 as Chapter 449 of the Laws of 2016 - A.7673 (Dilan) / S.5926 (Marchione) – Conforms …
https://www.osc.ny.gov/legislation/notice-assessment-state-landsOversight of Weights and Measures Programs
… Purpose To determine whether the Department of Agriculture and Markets (Department) adequately monitors … 2014 to July 20, 2017. Background The Department’s Bureau of Weights and Measures (Bureau) is charged with ensuring … used to weigh and measure commodities sold on the basis of weight, volume, or size are to be inspected and tested for …
https://www.osc.ny.gov/state-agencies/audits/2017/12/01/oversight-weights-and-measures-programsOversight of the Agricultural Assessment Program
… Purpose To determine if the Department of Taxation and Finance’s (Department) Office of Real Property Tax Services (ORPTS) is properly calculating … Assessment Values that local assessors and boards of assessors use to compute agricultural property assessments …
https://www.osc.ny.gov/state-agencies/audits/2018/02/02/oversight-agricultural-assessment-programOversight of Residential Domestic Violence Programs
… Purpose To determine whether the Office of Children and Family Services (OCFS) is maintaining adequate oversight of residential programs for victims of domestic violence to ensure these programs are operating … To determine whether the Office of Children and Family Services is maintaining adequate …
https://www.osc.ny.gov/state-agencies/audits/2018/04/24/oversight-residential-domestic-violence-programsEnforcement of the Mitchell-Lama Surcharge Provisions
… supervised by Homes and Community Renewal’s Division of Housing and Community Renewal (DHCR). Our audit focused on … year for which DHCR had verified affidavits at the time of our audit in 2017. Background The Mitchell-Lama program … and cooperative housing to middle-income families. A total of 269 State-supervised Mitchell-Lama developments with over …
https://www.osc.ny.gov/state-agencies/audits/2018/04/10/enforcement-mitchell-lama-surcharge-provisionsOversight of Nurse Hiring and Retention
… included all currently employed direct hire nurses as of May 2, 2017 and all temporary nurses as of August 1, 2017. Background Health and Hospitals is a … by the New York City Health and Hospitals Corporation Act of 1969. Health and Hospitals, the largest public health care …
https://www.osc.ny.gov/state-agencies/audits/2018/07/16/oversight-nurse-hiring-and-retentionExamination of Pitts Management Associates (PMA)
… (RAP) under contracts CM00939 and TQ00002. The objective of our examination was to determine whether PMA’s implementation of the RAP achieved the claimed savings. Background Downstate … and the extension were subject to approval by the Office of the State Comptroller (OSC). Prior to Downstate extending …
https://www.osc.ny.gov/state-agencies/audits/2018/02/14/examination-pitts-management-associates-pmaExamination of Sunset LG Realty, LLC
… York State Public Officers Law § 73(5)(a). In settlement of the violation, the Downstate employee paid the Commission … Public Officers Law (POL) § 73(5)(a) and Downstate’s Code of Ethics and Business Conduct which prohibits employees from …
https://www.osc.ny.gov/state-agencies/audits/2018/10/30/examination-sunset-lg-realty-llcExamination of Unemployment Insurance Willful Overpayments
… Purpose The objective of our examination was to determine whether NYDOL properly … eligible workers who become unemployed through no fault of their own. An overpayment occurs when a claimant receives benefits in excess of the amount entitled. Overpayments are considered willful …
https://www.osc.ny.gov/state-agencies/audits/2018/09/25/examination-unemployment-insurance-willful-overpaymentsExamination of Island Peer Review Organization
… We examined select subcontractor expenses the Department of Health (Department) made to Island Peer Review … in administrative charges and nearly $180,000 in out-of-pocket expenses. Our objective was to determine whether … by the Comptroller’s Office pursuant to Section 365-l of the Social Services Law. IPRO entered into subcontractor …
https://www.osc.ny.gov/state-agencies/audits/2018/09/14/examination-island-peer-review-organizationExamination of Penalties and Interest Payments
… Purpose The objective of our examination was to determine the extent to which NYSIF … by the Workers’ Compensation Board (WCB) for late payment of medical and compensation claims. Background The Workers’ … amounts. Key Findings NYSIF processes the vast majority of its payments without incurring penalties or interest. …
https://www.osc.ny.gov/state-agencies/audits/2018/08/01/examination-penalties-and-interest-paymentsOverpayments of Certain Medicare Crossover Claims
… services rendered. On December 3, 2009, the Department of Health (Department) implemented the Medicare/ Medicaid … the Medicaid claims processing system (eMedNY) for payment of deductibles and coinsurance. Prior to the automated … owed; this often led to incorrect Medicaid payments of Medicare deductibles and coinsurance. Key Findings …
https://www.osc.ny.gov/state-agencies/audits/2013/01/10/overpayments-certain-medicare-crossover-claimsAssessment and Collection of Selected Penalties
… a $50 penalty (HP-1 penalty) on the carrier. The proceeds of these penalties are to be deposited in the State's general … it has not been making sufficient efforts to collect all of the penalties owed. WCB does not take any enforcement … the carriers without any follow-up collection efforts. As of October 18, 2011, there were 26,981 HP-1 penalties …
https://www.osc.ny.gov/state-agencies/audits/2013/09/24/assessment-and-collection-selected-penaltiesAdministration of Non-Competitive and Limited-Competition Contracts
… contracts with vendors. We also assessed the adequacy of ACS's monitoring of contractor services. The audit covered the three fiscal years ended June 30, 2013. Background The mission of ACS is to protect and promote the safety and well-being of …
https://www.osc.ny.gov/state-agencies/audits/2015/06/17/administration-non-competitive-and-limited-competition-contractsQuality of Internal Control Certifications (Follow-Up)
… Purpose In 2012, we conducted a series of audits at 12 State agencies focusing specifically on their … Internal Control Certifications submitted to the Division of the Budget (DOB). We examined whether these agencies … answered all the questions with the appropriate level of detail, and maintained documentation supporting the …
https://www.osc.ny.gov/state-agencies/audits/2015/07/07/quality-internal-control-certifications-followOversight of Procurements and Loan Programs
… Purpose To determine whether the Development Authority of the North Country (DANC) provided adequate oversight of its procurements and loan programs in accordance with the … public benefit corporation overseen by a 13-member Board of Directors. DANC was created in 1985 under Article 8, Title …
https://www.osc.ny.gov/state-agencies/audits/2015/08/04/oversight-procurements-and-loan-programsTuition Assistance Program – College of Westchester
… Purpose To determine whether College of Westchester complied with the Education Law and the Commissioner of Education’s Rules and Regulations when certifying students for State financial aid. Background The College of Westchester, (Westchester) offers programs in business, …
https://www.osc.ny.gov/state-agencies/audits/2016/06/30/tuition-assistance-program-college-westchesterOversight of School Fire Safety Compliance
… and monitoring. Our audit did not include a review of compliance issues for schools operating within New York … activities. Each public, private, charter, and Board of Cooperative Educational Services (BOCES) school building … the Department. The Department also issues a Certificate of Occupancy (CO) annually to each BOCES, public, and charter …
https://www.osc.ny.gov/state-agencies/audits/2016/08/24/oversight-school-fire-safety-complianceManagement of Selected Special Revenue Funds
… Purpose To determine whether the Department of Health (Department) is effectively managing selected … and promote the health, productivity, and well-being of all New Yorkers. Its vision states that New Yorkers will … revenue funds, which are supported by specific sources of State-generated revenue and are legally restricted to …
https://www.osc.ny.gov/state-agencies/audits/2016/08/02/management-selected-special-revenue-funds