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Investment Advisory Committee
… and any amendments to it, and reviews and provides a recommendation to the Comptroller on the proposed asset … Breakley Chief Strategic Development Officer Blue Meridian Partners Philippe Brugere-Trelat Former Executive Vice … Investment Officer and Head of Municipal Fixed Income and Global Head of Financial Institutions Group BlackRock Inc. …
https://www.osc.ny.gov/common-retirement-fund/resources/investment-advisory-committeeVillage of Delhi – Financial Condition (2013M-110)
… June 1, 2011, to March 1, 2013. Background The Village of Delhi is located in the Town of Delhi in Delaware County. The Village is governed by an … Village of Delhi Financial Condition 2013M110 …
https://www.osc.ny.gov/local-government/audits/village/2013/07/26/village-delhi-financial-condition-2013m-110Town of Columbus – Budget Development Practices (2012M-225)
… to assess the financial condition of the Town’s general and highway funds to determine if the budgets were reasonable … five-member Town Board, comprising the Town Supervisor and four Council members, governs the Town. The Town’s annual … unappropriated surplus funds in a manner that benefits Town taxpayers. Continue to consider historical …
https://www.osc.ny.gov/local-government/audits/town/2013/03/08/town-columbus-budget-development-practices-2012m-225DiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter
… at the end of the first quarter of state fiscal year 2024-25. For the three-month period ending June 30, 2024, Fund investments returned an estimated 1.38%. … alternatives (7.76%). The Fund’s long-term expected rate of return is 5.9%. DiNapoli initiated quarterly …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-state-pension-fund-valued-267-point-7-billion-end-first-quarterNew York Mills Union Free School District – Financial Management (2016M-107)
… Free School District is located in the Towns of Whitestown and New Hartford in Oneida County. The District, which … not needed to fund operations due to operating surpluses, and consistently overestimated expenditures by almost $6.9 … the amount of unrestricted fund balance in a manner that benefits District residents. Develop and adopt a multiyear …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/24/new-york-mills-union-free-school-district-financial-management-2016m-107Bradford Central School District – Financial Management (2016M-253)
… and Wayne in Steuben County and the Towns of Orange and Tyrone in Schuyler County. The District, which operates one …
https://www.osc.ny.gov/local-government/audits/school-district/2016/10/07/bradford-central-school-district-financial-management-2016m-253Monticello Central School District – Budgeting (2014M-97)
… the Towns of Bethel, Fallsburgh, Forestburgh, Mamakating and Thompson in Sullivan County. The District is governed by an elected nine-member Board of Education and operates five schools with approximately 3,100 students. … amount of unexpended surplus fund balance in a manner that benefits District taxpayers and ensure that the amount is in …
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/05/monticello-central-school-district-budgeting-2014m-97Groton Central School District – Financial Management (2014M-288)
… Purpose of Audit The purpose of our audit was to examine the District’s financial activities for the period … Dryden, Groton and Lansing in Tompkins County, the Town of Homer in Cortland County and the Towns of Locke and … Transfer excess reserve funds to unassigned fund balance, where allowed by law, or to other reserves established and …
https://www.osc.ny.gov/local-government/audits/school-district/2015/01/09/groton-central-school-district-financial-management-2014m-288East Meadow Union Free School – Overtime (2022M-118)
… increase the amount owed by the District annually to the State, for its share of the cost of the employees’ retirement … findings in our report. Appendix C includes our comments on issues officials raised in their response. …
https://www.osc.ny.gov/local-government/audits/school-district/2023/02/24/east-meadow-union-free-school-overtime-2022m-118Fairport Public Library – Financial Management (2014M-354)
… claims audit procedures to ensure that the Board audits and approves all claims for payment before disbursements are made and ensure that a Library official certifies the payroll … plan to use the unexpended surplus funds in a manner that benefits the Library’s taxpayers. …
https://www.osc.ny.gov/local-government/audits/library/2015/06/12/fairport-public-library-financial-management-2014m-354Watertown City School District – Financial Condition (2016M-85)
… Develop a formal reserve fund policy that outlines targeted funding levels and indicates when reserve balances …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/10/watertown-city-school-district-financial-condition-2016m-85Independent Oversight: OSC's Contract Review Safeguards Public Funds
… use taxpayer money effectively and efficiently. One way the Office of the State Comptroller (OSC) exercises this … completed in an average of just 5.3 days in 2021. A bill to statutorily restore certain OSC oversight authority for … whether the price is reasonable and the contract is in the best interest of the State. In 2021, OSC reviewed 1,203 …
https://www.osc.ny.gov/reports/independent-oversight-osc-contract-review-safeguards-public-fundsUnited HealthCare – Empire Plan Drug Rebate Revenue (Follow-Up)
… status of the recommendation made in our audit report, United HealthCare: Empire Plan Drug Rebate Revenue … Department of Civil Service (Department) contracted with United HealthCare (United) to administer the Empire Plan’s … of Interest New York State Health Insurance Program: United HealthCare - Empire Plan Drug Rebate Revenue ( …
https://www.osc.ny.gov/state-agencies/audits/2017/05/15/united-healthcare-empire-plan-drug-rebate-revenue-followChurchville-Chili Central School District – Financial Management (2015M-354)
… The Churchville-Chili Central School District is located in four towns in Monroe County. The District, which operates six schools … the limit in each year. The Assistant Superintendent for Business provides the Board with an annual reserve report …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/08/churchville-chili-central-school-district-financial-management-2015m-354Morris Central School District – Fund Balance Management (2023M-47)
… contribution for employees reserve was sufficient to cover expenditures for at least four years. Key … agreed with our recommendations and indicated they planned to initiate corrective action. Appendix B includes …
https://www.osc.ny.gov/local-government/audits/school-district/2023/07/28/morris-central-school-district-fund-balance-management-2023m-47CUNY Bulletin No. CU-423
… Program. Affected Employees Employees participating in the CUNY Transit Spending Account Program Effective Date …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-423-new-vendor-cuny-transit-spending-account-programHancock Central School District - Non-Resident Student Tuition (2021M-208)
… established non-resident tuition (NRT) rates in the best interest of District taxpayers. Key Findings Officials did not establish NRT rates in the best interest of District taxpayers. We found: While the … officials established nonresident tuition NRT rates in the best interest of District taxpayers …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/hancock-central-school-district-non-resident-student-tuition-2021m-208Harpursville Central School District – Financial Management (2013M-261)
… School District is located in five towns in Broome County and three towns in Chenango County. The District is governed … were approximately $16.1 million. Key Findings The Board and District officials did not ensure that fund balances were … amount of unexpended surplus fund balance in a manner that benefits District taxpayers. Review all reserve balances and …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/03/harpursville-central-school-district-financial-management-2013m-261Medicaid Program – Inappropriate Premium Payments for Recipients No Longer Enrolled in Mainstream Managed Care and Family Health Plus
… Purpose To determine whether the Department of Health (Department) made inappropriate premium payments to Medicaid mainstream managed care plans and Family Health Plus managed care plans (Plans) for recipients who … To determine whether the Department of Health made inappropriate premium payments to Medicaid …
https://www.osc.ny.gov/state-agencies/audits/2017/07/11/medicaid-program-inappropriate-premium-payments-recipients-no-longer-enrolled-mainstreamComptroller DiNapoli Releases Municipal Audits
… bag sales to residents used to pay for their refuse pickup service or for program fees. The board does not receive interim financial or …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-releases-municipal-audits-0