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DiNapoli Announces Decrease in Pension Contribution Rates for FY 2016-17; Lowers Assumed Rate of Return
… the median assumed rate of return for public pension funds is 7.75 percent. The audited value of the New York …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-announces-decrease-pension-contribution-rates-fy-2016-17-lowers-assumed-rate-returnSafety of Infrastructure (Follow-Up)
… problems remain unaddressed, including at least one problem area discussed in our prior audit. Of the two prior …
https://www.osc.ny.gov/state-agencies/audits/2015/01/06/safety-infrastructure-followCity of Long Beach – Budget Review (B7-15-14)
… in the City’s general, water, sewer and risk retention funds as of June 30, 2012. Local Finance Law requires all …
https://www.osc.ny.gov/local-government/audits/city/2015/05/08/city-long-beach-budget-review-b7-15-14Tuition Assistance Program – Fordham University
… Education’s Rules and Regulations when certifying students for State financial aid. Background Fordham University … the Louis Calder Center in Armonk. The school’s enrollment for the 2015-16 academic year totaled 8,855 undergraduate … social work, and theology. Annual undergraduate tuition for the 2015-16 year was $46,120. TAP is an entitlement …
https://www.osc.ny.gov/state-agencies/audits/2017/01/27/tuition-assistance-program-fordham-universityPawling Central School District – Selected Financial Activities (2012M-185)
… the District’s capital projects and tax certiorari reserve funds. District officials overfunded the High School Roof …
https://www.osc.ny.gov/local-government/audits/school-district/2013/02/08/pawling-central-school-district-selected-financial-activities-2012m-185DiNapoli: Contractor Sentenced in Federal Court for Defrauding State of Over $360,000
… while he took overseas vacations to Europe, frequented casinos, and patronized high-end clothing stores. Junkovic …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-contractor-sentenced-federal-court-defrauding-state-over-360000DiNapoli: Number of New Yorkers Behind on Utility Bills Soared During Pandemic
… customers and amount in arrears; and Allocation of state funds and authorized cost recovery. Analysis Economic and …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-number-new-yorkers-behind-utility-bills-soared-during-pandemicDiNapoli: Tax Cap Set at 2% in 2023
… increases that exceed the amounts they are set to receive in their final round of American Rescue Plan Act (ARPA) … first applied to local governments and school districts in 2012, limits annual tax levy increases to the lesser of … Dec. 31) had their levy growth capped at that amount. In accordance with state law, DiNapoli’s office calculated …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-tax-cap-set-2-percent-2023XV.4 Overview – XV. End of Year
… that are scheduled to lapse at the end of March, entered online and not approved by OSC will no longer be deleted. … part of fiscal year end processing. All expense reports (online and bulkload) not approved by OSC will be denied as … below: Ensure vouchers and expense reports for both online and bulkload are submitted and approved by the agency …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv4-overviewState Comptroller DiNapoli Releases Municipal Audits
… of Charlton – Procurement (2022M-5) Town officials did not always seek competition when procuring goods and … and spent $4,820 on snowplow blades and shoes but could have saved town taxpayers $2,244, if purchased off the state … always retain copies of other government contracts used to procure goods and services. Village of Hagaman – Claims …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-releases-municipal-audits-0XV.7 Budget Allocations – XV. End of Year
… on this topic, visit the job aids published to SFS Coach. SFS Coach is accessible from the SFS home page after logging in …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv7-budget-allocationsTown of Prattsville – Justice Court (2012M-243)
… Key Findings Justices Blain and Olson did not perform bank reconciliations properly or at all, prepare monthly … Blain had unidentified funds totaling $1,848 in his bank account that could not be traced to any open or closed …
https://www.osc.ny.gov/local-government/audits/town/2013/03/01/town-prattsville-justice-court-2012m-243Village of Forestville – Water Fund (2012M-207)
… Purpose of Audit The purpose of our audit was to review the financial management of the water fund and the … Key Findings The Board authorized substantial improvements to the Village’s water system and obtained funding for the … Facilities Corporation without first identifying a plan to pay for the related debt. Although the Board raised water …
https://www.osc.ny.gov/local-government/audits/village/2013/02/15/village-forestville-water-fund-2012m-207Village of Kenmore – Wastewater Processing Costs and Information Technology (2013M-73)
… 18, 2013. Background The Village of Kenmore is located in the Town of Tonawanda in Erie County and has a population of approximately 15,400. … of wastewater processing costs would be reduced by $27,800 in 2011 and $30,000 in 2012, or a two-year savings of …
https://www.osc.ny.gov/local-government/audits/village/2013/06/14/village-kenmore-wastewater-processing-costs-and-information-technology-2013m-73Village of Herrings – Financial Operations and Sale of Land (2013M-41)
… and subsidiary revenue and expenditure records for all funds. Ensure that the Clerk-Treasurer prepares and submits …
https://www.osc.ny.gov/local-government/audits/village/2013/05/03/village-herrings-financial-operations-and-sale-land-2013m-41Town of Dresden – Board Oversight of Financial Activities (2012M-191)
… the lack of records and the Supervisor’s control over all aspects of the Town’s finances, there is no way to be sure that all funds have been accounted for and used solely for Town … duties. Maintain accounting records to ensure that all records are complete, accurate and up-to-date. File the …
https://www.osc.ny.gov/local-government/audits/town/2013/01/11/town-dresden-board-oversight-financial-activities-2012m-191State Comptroller DiNapoli Releases School District Audits
… capital projects. As a result, $359,427 in unexpended funds were not used to pay related debt, which could have …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-school-district-auditsSavings Programs: NY 529 and NY ABLE
… two savings programs with tax benefits that help pay for college or disability expenses: NY's 529 College Savings NY Achieving a Better Life Experience (ABLE) …
https://www.osc.ny.gov/savingsVillage of Delanson – Internal Controls Over Selected Financial Operations (2012M-232)
… had combined operating expenses in the general and water funds totaling $268,500 and in the 2011-12 fiscal year the …
https://www.osc.ny.gov/local-government/audits/village/2013/03/29/village-delanson-internal-controls-over-selected-financial-operations-2012m-232Village of Chatham – Internal Controls Over Selected Financial Activities (2013M-132)
… officer’s financial activities, including the Village’s online banking, for the period June 1, 2011, to September 26, … policies, procedures and agreements were established for online banking and did not provide sufficient oversight of … and resolved. Establish a comprehensive written online banking policy and require a monthly report of all …
https://www.osc.ny.gov/local-government/audits/village/2013/08/23/village-chatham-internal-controls-over-selected-financial-activities-2013m-132