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Comptroller DiNapoli Releases Municipal Audits
… Auditors determined that the administrator did not always get a professional appraisal for estate houses before listing … limit. Auditors caution the city that if property values do not increase, its ability to increase taxes may be reduced …
https://www.osc.ny.gov/press/releases/2020/06/comptroller-dinapoli-releases-municipal-auditsTown of Carlisle – Fund Balance (2017M-106)
… and capital plans specifying the Town’s objectives and goals for using the accumulated funds. General fund balance totaled $623,000 at the end of 2016, more than 950 percent of the tax levy and … practices nullified its plan to spend fund balance as intended. Key Recommendations Determine a reasonable and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/20/town-carlisle-fund-balance-2017m-106DiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter
… The remaining Fund assets by allocation are invested in cash, bonds, and mortgages (22.07%), private equity (14.71%), …
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
… The remaining Fund assets by allocation are invested in cash, bonds, and mortgages (22.22%), private equity (14.45%), …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarterCity of Newburgh – Budget Review (B6-16-17)
… for the 2017 fiscal year are reasonable. Background The City of Newburgh, located in Orange County, issued debt … City of Newburgh Budget Review B61617 …
https://www.osc.ny.gov/local-government/audits/city/2016/11/10/city-newburgh-budget-review-b6-16-17Fishers Fire District – Financial Condition (2021M-128)
… not effectively manage the District’s financial condition and did not adopt realistic budgets from 2018 through 2021. … the District needed to increase real property taxes and override the 2018 and 2020 tax caps to close projected budget gaps. As a …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/10/29/fishers-fire-district-financial-condition-2021m-128Sweet 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 … 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-166Henrietta Fire District – Financial Condition (2021M-27)
… The Board unnecessarily overrode the 2019 and 2020 tax cap. The 2021 tax cap override will likely be unnecessary because the 2021 …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/07/16/henrietta-fire-district-financial-condition-2021m-27Opinion 2006-10
… of appeals. You ask whether revenues derived from the rental of town real property located in the area of the town … in order for towns to credit revenues received through the rental of town property and the temporary investment of town … Whether revenues derived from the rental of town real property located in the area of the town …
https://www.osc.ny.gov/legal-opinions/opinion-2006-10Vendor Responsibility Documentation
… sale which is required by law to be sold to the highest bidder ✔ ✔* 4. Assignment * ✔ ✔ 5. Change to contract value … property sale required by law to be sold to the highest bidder Research Foundation including: CUNY SUNY Mental …
https://www.osc.ny.gov/state-vendors/vendrep/vendor-responsibility-documentationOpinion 89-14
… or school district. We expressed the view in 1982 Opns St Comp No. 82-120, p 149 that since section 986(1) entitles … envelopes with their tax payments (see also 28 Opns St Comp, 1972, p 167). There have been no amendments to … for services provided to taxpayers (see e.g., 1983 Opns St Comp No. 83-220, p 300; 33 Opns St Comp, 1977, p 62; 1974 …
https://www.osc.ny.gov/legal-opinions/opinion-89-14Opinion 88-11
… village officials, will result in the best price or the most beneficial terms for the village ( Merritt v Gallagher , …
https://www.osc.ny.gov/legal-opinions/opinion-88-11Westmoreland Central School District – Financial Condition (2014M-283)
… that was not used to fund operations, the District’s actual unrestricted fund balance totaled almost three times …
https://www.osc.ny.gov/local-government/audits/school-district/2014/12/05/westmoreland-central-school-district-financial-condition-2014m-283DiNapoli: State Pension Fund Valued at $291.4 Billion at End of Second Quarter
… the New York State Common Retirement Fund (Fund) was $291.4 billion at the end of the second quarter of State Fiscal … announced today. Fund investments returned an estimated 4.13% for the quarter and 9.82% for the first six months of … labor market, inflation and uncertain federal policy warn of turbulence ahead. Our diversification strategy, …
https://www.osc.ny.gov/press/releases/2025/11/dinapoli-state-pension-fund-valued-291-point-4-billion-end-second-quarterSchroon Lake Central School District – Financial Condition (2014M-145)
… be carried over into the next school year. As a result, real property taxes have been significantly higher than … the limit allowed by law is used to reduce the next year’s real property tax levy. Adopt budgets with reasonable …
https://www.osc.ny.gov/local-government/audits/school-district/2015/02/20/schroon-lake-central-school-district-financial-condition-2014m-145Oneonta City School District –Financial Condition (2013M-165)
… financial condition for the period July 1, 2011, to March 29, 2013. Background The Oneonta City School District …
https://www.osc.ny.gov/local-government/audits/school-district/2013/08/30/oneonta-city-school-district-financial-condition-2013m-165DiNapoli: State Pension Fund Valued at $246.3 Billion at End of Second Quarter
… P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $246.3 billion at the end of the second quarter of State Fiscal Year 2023-24. For the three-month period … Thomas P DiNapoli today announced that the estimated value of the New York State Common Retirement Fund Fund was $2463 …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-state-pension-fund-valued-246-point-3-billion-end-second-quarterVillage of East Hampton – Information Technology (2015M-187)
… adopted written computer-related policies to address user access, data backups, remote access or password security and management. Officials … procedures to address internal user access, data backups, remote access and password security and management. Establish …
https://www.osc.ny.gov/local-government/audits/village/2015/11/06/village-east-hampton-information-technology-2015m-187Andes Central School District – Financial Management (2013M-250)
… based on their intended use. During this time, real property taxes have increased from $2.5 million in 2009 to … surplus fund balance is in compliance with the Real Property Tax Law statutory limits. Review all reserve balances and …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/andes-central-school-district-financial-management-2013m-250DiNapoli: State Pension Fund Value $210.2 Billion
… 31, 2019. The Fund closed the year with an estimated value of $210.2 billion, which is subject to change once returns … are fully audited. The Fund’s audited value at the end of state fiscal year 2018 was $207.4 billion. “The Fund’s … domestic and non-U.S. holdings, had overall returns of 4.86 percent. The Fund’s broader approach to fixed income …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billion