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Revenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… cash management assures that investments are optimized for the best possible return for taxpayers. We strongly recommend the following best practices for cash management. Actively Monitor Cash Flow Improving …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsDiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter
… the end of the first quarter of state fiscal year 2024-25. For the three-month period ending June 30, 2024, Fund … bonds, and mortgages (22.07%), private equity (14.71%), real estate and real assets (13.14%) and credit, absolute return …
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
… sustainable investments that can weather the market’s ups and downs, and is one of the reasons we remain one of the …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarterJamestown City School District – Fund Balance and Reserves (2022M-97)
… pdf] Audit Objective Determine whether the Jamestown City School District (District) Board of Education (Board) and District … Adopt budgets that include reasonable estimates for appropriations, appropriated fund balance and reserve …
https://www.osc.ny.gov/local-government/audits/school-district/2022/09/23/jamestown-city-school-district-fund-balance-and-reserves-2022m-97Universal Pre-Kindergarten Program – Monitoring of Health and Safety Requirements
… of the Universal Pre-Kindergarten providers’ compliance with applicable health and safety regulations is sufficient. … Laws of 1997 to provide all four-year-olds in the State with the opportunity for an early childhood education. UPK … early childhood agencies (eligible agencies) collaborating with school districts comprise a wide range of early child …
https://www.osc.ny.gov/state-agencies/audits/2016/12/20/universal-pre-kindergarten-program-monitoring-health-and-safety-requirementsVillage Official Heading to Prison for Stealing More Than $100,000
… after pleading guilty to stealing $117,000 in public funds. Bailey was charged in March with grand larceny in the … pattern of embezzlement in which she pocketed taxpayer funds over a five-year period. As part of her plea agreement, … encourages the public to help fight fraud and abuse. New Yorkers can report allegations of fraud involving …
https://www.osc.ny.gov/press/releases/2014/08/village-official-heading-prison-stealing-more-100000IT Asset Management (2022-MS-2)
… inventoried and safeguarded information technology (IT) assets acquired or in use during the audit period. Key … audited did not always appropriately track or inventory IT assets, maintain complete IT inventory records or … to safeguard IT assets. … audit schools statewide IT asset management …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2023/03/16/it-asset-management-2022-ms-2DiNapoli: Rise in NYC Metro Area Housing Costs Outpaces Other U.S. Cities
… Housing costs in New York City and the surrounding suburbs have grown more … largest increase among selected major metropolitan areas in the U.S., according to a new report from New York State Comptroller Thomas P. DiNapoli. “Housing costs in New York City and the surrounding suburbs have risen …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-rise-nyc-metro-area-housing-costs-outpaces-other-us-citiesHamburg Central School District – Capital Project (2014M-129)
… seven elected members. The District operates six schools with 3,765 students and 548 full-time employees. The … bidding, as required. Key Recommendations Provide voters with specific information on what will be included in a … orders (and allowance disbursement forms) in accordance with NYSED requirements and ensure they only address …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/08/hamburg-central-school-district-capital-project-2014m-129Lewiston-Porter Central School District – IT Asset Management (S9-22-14)
… to confirm they were inventoried. We found 33 percent of the sampled assets were not properly accounted for. … District officials disagreed with certain aspects of our findings and recommendations. Appendix B includes our comments on issues raised in the District’s response …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2023/03/16/lewiston-porter-central-school-district-it-asset-management-s9-22-14Freeport Union Free School District – IT Asset Management (S9-22-10)
… safeguarded information technology (IT) assets acquired or in use during the audit period. Key Findings District … officials cannot assure taxpayers that money invested in IT assets has been appropriately spent or safeguarded. We … costs of approximately $12,500 were not inventoried. In addition, annual inventories were not conducted, IT …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2023/03/16/freeport-union-free-school-district-it-asset-management-s9-22-10NYS Common Retirement Fund Contacts
… of the best-funded and best-managed public pension plans in the country. The Fund holds assets in trust for more than one million State and local government … and pensioners. Prior to Ms. Titarchuk’s appointment in August 2019, she had been Deputy CIO since February 2015. …
https://www.osc.ny.gov/common-retirement-fund/resources/nys-common-retirement-fund-contactsSchool Districts’ Energy Performance Contracts (2013-MR-1)
… - pdf] We also released 8 letter reports to the following school districts: Downsville Central School District [pdf] , Eldred Central School District [pdf] , …
https://www.osc.ny.gov/local-government/audits/school-district/2014/04/11/school-districts-energy-performance-contracts-2013-mr-1Valley Stream Union Free School District #24 – Leave Accruals and Separation Payments (2016M-335)
… of Audit The purpose of our audit was to examine the District’s accounting for leave time and separation payments for the … February 29, 2016. Background The Valley Stream Union Free School District #24 is located in the Town of Hempstead in …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/25/valley-stream-union-free-school-district-24-leave-accruals-and-separationSayville Union Free School District – Financial Condition and Cellular Telephones (2015M-86)
… of Audit The objectives of our audit were to evaluate the District’s financial activities and cellular telephone purchases and use for the period July 1, 2013 through August 31, 2014. Background The Sayville Union Free School District is located in the Town of Islip, Suffolk …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/14/sayville-union-free-school-district-financial-condition-and-cellularOnteora Central School District – Information Technology (2015M-92)
… Purpose of Audit The purpose of our audit was to determine whether the District’s IT assets were adequately … Key Recommendations Adopt policies and procedures related to computer security, disaster recovery and disposal of … needs and expectations and specifies the level of service to be provided by the network support specialists. Establish …
https://www.osc.ny.gov/local-government/audits/school-district/2015/07/17/onteora-central-school-district-information-technology-2015m-92State Comptroller DiNapoli Releases School District Audits
… procured them in a manner that is in the best interests of taxpayers. Officials did not seek competition for insurance coverage totaling $232,624, or for four of six professional service providers paid $301,023 during … the same insurance provider for about 20 years and each of the four remaining vendors for at least 10 years without …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-releases-school-district-auditsDiNapoli: State Pension Fund Valued at $246.3 Billion at End of Second Quarter
… end of the second quarter of State Fiscal Year 2023-24. For the three-month period ending Sept. 30, 2023, Fund … portfolio, ensuring the strength of the fund for generations to come.” The Fund's value reflects …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-state-pension-fund-valued-246-point-3-billion-end-second-quarterNYS Common Retirement Fund Reports Third Quarter Results
… Fund’s (Fund) estimated return in the third quarter of the State Fiscal Year (SFY) 2021-22 was 4.74% for the … value of $279.7 billion. “A strong third quarter kept our state pension fund on track, despite ongoing market volatility,” DiNapoli said. “Our focus, as always, remains long-term, sustainable …
https://www.osc.ny.gov/press/releases/2022/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Announces Second Quarter Results
… The New York State Common Retirement Fund’s (Fund) overall return …
https://www.osc.ny.gov/press/releases/2015/11/nys-common-retirement-fund-announces-second-quarter-results