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Preventing Fraud and Abuse of Public Funds: Local Governments Need to Do Better
Preventing Fraud and Abuse of Public Funds: Local Governments Need to Do Better
https://www.osc.ny.gov/files/local-government/publications/pdf/preventingfraud.pdfXII.6.L Replenishing an Advance Account – XII. Expenditures
… OVERVIEW AND POLICIES This section informs Business Units how to process vouchers to replenish a Business Unit’s … Transaction Preparation: Create a regular voucher using the Special Use Vendor ID assigned to the Advance Account. … ID for a specific account, use the “Find an Existing Value” function in the Statewide Financial System (SFS) to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6l-replenishing-advance-accountOverview – What Every Employer Should Know
… want a quick overview of topics you’ll need to be aware of in your new job. Or maybe you’re considering becoming a participating employer in the System and want to know how your decision is going to … circumstances are, we believe the information contained in this presentation will help give you a broader …
https://www.osc.ny.gov/retirement/employers/partnership/overviewTown of Parish - Financial Condition and Supervisor's Records (2019M-58)
… Board adequately managed the Town’s financial condition and received accurate financial reports to help it do so. Key … did not provide the Board with accurate financial reports for managing financial condition. Key Recommendations The … should review the bookkeeper’s work to ensure that the accounting records and reports are accurate and complete. …
https://www.osc.ny.gov/local-government/audits/town/2019/05/29/town-parish-financial-condition-and-supervisors-records-2019m-58About the Retirement System – What Every Employer Should Know
… The New York State and Local Retirement System (NYSLRS) administers two distinct systems — the Employees’ … Police and Fire Retirement System (PFRS), created in 1966. NYSLRS is one of the largest public retirement systems in the … New York State Comptroller is the administrative head of NYSLRS. The New York State Retirement and Social Security law …
https://www.osc.ny.gov/retirement/employers/partnership/about-retirement-systemInvestors Reach Settlement with Wynn Resorts
… DiNapoli and the New York City Retirement Systems and Pension Funds, as co-lead plaintiffs, through their counsel … an estimated value of $22.6 million. The New York City Pension Funds held shares in Wynn Resorts with an estimated … State Common Retirement Fund is the third largest public pension fund in the United States with an audited value of …
https://www.osc.ny.gov/press/releases/2019/11/investors-reach-settlement-wynn-resortsAnnual letter to Corporations
The Office of Unclaimed Funds would like to remind you to check for unclaimed property in your organization including unclaimed securities, payroll, vendor chec
https://www.osc.ny.gov/files/unclaimed-funds/reporters/pdf/annual-corporation-letter.pdfUnclaimed Public Assistance
Sections 152-b and 360 of New York’s Social Services Law provide that any surplus funds remaining after the recovery of cost for public assistance and care shal
https://www.osc.ny.gov/files/unclaimed-funds/reporters/pdf/public-assistance.pdfCybersecurity Web Series Week 1 – IT Governance – What is it? How do we do it? And Why is it Important?
This session will discuss a conceptual framework for a comprehensive cybersecurity program.
https://www.osc.ny.gov/files/local-government/academy/pdf/cybersecurity-week-1-10-04-2021.pdfDrug Management and Disposal
… to buy them. Key Recommendations Assess additional strategies to continue raising public awareness of proper …
https://www.osc.ny.gov/state-agencies/audits/2018/04/27/drug-management-and-disposalDiNapoli: Probation Departments Failing to Get Restitution Payments to Victims
… restitution payments and the money that was collected from them didn’t always go to crime victims, with some funds languishing for years, … were not giving the court the opportunity to decide how to proceed while the probationer was still under …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-probation-departments-failing-get-restitution-payments-victimsFinancial Reporting and Asset Allocation
… Class Long-Term Policy Allocation Domestic Equities 25% International Equities 14% Private Equity 15% Real Estate 12% … Fixed Income 22% Credit 4% Opportunistic/Absolute Return Strategies 3% Cash 1% … These reports provide the public with …
https://www.osc.ny.gov/common-retirement-fund/resources/financial-reporting-and-asset-allocationDiNapoli: State Pension Fund Value $192 Billion
… that ended on March 31, 2017. The Fund has an estimated value of $192 billion. “Strong returns over the fiscal year, … said. “New York state’s pension fund is at a record value based on prudent long term asset allocation. We …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionOptional Service Credit Purchase Payments – Enhanced Reporting
… deductions are taken. Rev. 11/23 … NYSLRS members may buy back past service If they buy it through payroll deductions …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/optional-service-credit-purchase-paymentsReporting of Community-Based Services Under the Transformation Reinvestment Plan (Follow-Up)
… of implementation of the three recommendations included in our initial audit report, Reporting of Community-Based … Reinvestment Plan (Report 2021-S-15 ). About the Program OMH’s mission is to promote the mental health of all … determined that OMH could improve its reporting to show progress toward achieving targets supported through Plan …
https://www.osc.ny.gov/state-agencies/audits/2024/05/08/reporting-community-based-services-under-transformation-reinvestment-plan-followComptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced … Find out how your government money is spent at Open Book New York . Track municipal spending, the state's 170,000 … bid protest decisions and commonly requested data. … New York State Comptroller Thomas P DiNapoli today announced …
https://www.osc.ny.gov/press/releases/2020/06/comptroller-dinapoli-releases-municipal-auditsCaledonia Joint Fire District – Board Oversight of Long-Term Planning (2024M-102)
… complete report – pdf] Audit Objective Determine whether the Caledonia Joint Fire District (District) Board of Fire … equipment replacement plan and three Board members did not know when these items needed to be replaced or their … plans, officials did not determine, among other things, how the construction and replacements would be funded long …
https://www.osc.ny.gov/local-government/audits/fire-district/2024/11/08/caledonia-joint-fire-district-board-oversight-long-term-planning-2024m-102Village of Montgomery – Board Oversight of the Treasurer’s Office (2021M-50)
… complete report - pdf ] Audit Objective Determine whether the Village of Montgomery (Village) Board of Trustees (Board) provided adequate oversight of the Treasurer’s office financial operations. Key Findings The Board did not …
https://www.osc.ny.gov/local-government/audits/village/2021/07/23/village-montgomery-board-oversight-treasurers-office-2021m-50DiNapoli and Brooklyn Borough President Antonio Reynoso Op-Ed: New York Mothers Should Not Be Dying in Childbirth in 2025
… fight it. Here’s what we don’t know over the past decade: how many women experienced a heart attack or sepsis during pregnancy; how many women needed resuscitation, massive transfusions or ventilators to survive labor; how many women were admitted to the ICU after giving birth; …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-and-brooklyn-borough-president-antonio-reynoso-op-ed-new-york-mothers-should-not-be-dyingBuffalo United Charter School - Financial Management (2018M-197)
Determine whether the Board ensured School funds are used in the most effective and economical manner
https://www.osc.ny.gov/local-government/audits/charter-school/2019/03/22/buffalo-united-charter-school-financial-management-2018m-197