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Investing in New York
… possible, the Comptroller guides the Fund to invest in New York-based business ventures, companies and other … (as of March 31, 2025) $1.9 billion invested in 600 New York State companies (as of March 31, 2025) Over $650 … (518) 375-8323 Email: [email protected] New York Credit Small Business Investment Company Fund (SBIC) …
https://www.osc.ny.gov/common-retirement-fund/investing-new-yorkTown of Colesville – Procurement (2023M-92)
… goods or services and some officials were unfamiliar with the Town’s procurement policy requirements. Of the 28 … purchases totaling $170,575. Key Recommendations Comply with Board policies and statutes when procuring goods and … when procuring goods and services. Town officials agreed with our findings and indicated they plan to initiate …
https://www.osc.ny.gov/local-government/audits/town/2023/11/22/town-colesville-procurement-2023m-92XI.14.B Publication of Grants Opportunities – XI. Procurement and Contract Management
… Article 4-C of the Economic Development Law requires … compliance” with the publication requirements of Article 4-C of the Economic Development Law. As a result, any … to have satisfied the publication requirements of Article 4-C. However, best practice encourages use of the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi14b-publication-grants-opportunitiesReal Property Tax Cap - School Districts Guidance
… that the amount receivable from LIPA is the subject of litigation, school district officials should consult with …
https://www.osc.ny.gov/local-government/property-tax-cap/real-property-tax-cap-school-districts-guidanceWilliamson Central School District – Non-Payroll Disbursements (2021M-58)
… $2.6 million. The District did not have written agreements with 11 professional service providers paid $1.5 million. Key … and adequately supported. Ensure documented compliance with competitive bidding statues and the District’s policies, … services and enter into adequate written agreements with all professional service providers. District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2021/07/16/williamson-central-school-district-non-payroll-disbursements-2021m-58Village of Clayton – Claims Auditing (2021M-81)
… by the Board, and claims totaling $52,000 to the local Chamber of Commerce did not include receipts as required. Of …
https://www.osc.ny.gov/local-government/audits/village/2021/09/03/village-clayton-claims-auditing-2021m-81Delaware-Chenango-Madison-Otsego Board of Cooperative Educational Services – Fixed Assets (2021M-207)
… of approximately $47,500 did not have required asset tags, were not on the inventory or information technology …
https://www.osc.ny.gov/local-government/audits/boces/2022/04/08/delaware-chenango-madison-otsego-board-cooperative-educational-services-fixedMount Vernon City School District – Procurement of Natural Gas (2019M-91)
… natural gas at the most favorable terms and in the best interest of District taxpayers. Key Findings The Board … Municipal Law (GML), at the most favorable terms or in the best interest of District taxpayers. The Board and District … natural gas at the most favorable terms and in the best interest of District taxpayers …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/15/mount-vernon-city-school-district-procurement-natural-gas-2019m-91Trumansburg Central School District – Procurement (2022M-13)
Determine whether Trumansburg Central School District District officials procured goods and services in the best interest of the taxpayers
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/03/trumansburg-central-school-district-procurement-2022m-13Dryden Central School District – Information Technology (2020M-106)
… PPSI. Officials did not: Ensure information technology (IT) policies were up-to-date with current technology changes, … and disable any unnecessary accounts, maintain up-to-date IT asset inventory records or enter into adequate written … ransomware attack. The Director of Information Technology Services (IT Director) failed to determine whether any data …
https://www.osc.ny.gov/local-government/audits/school-district/2021/02/26/dryden-central-school-district-information-technology-2020m-106Garden City Union Free School District – IT Asset Management (2023M-161)
… accounted for. Specifically: Four Chromebooks and an iPad with combined costs of nearly $1,800 could not be located. … (computers, smartboards, and printers), including seven with estimated combined costs of $13,645 and four with unknown costs, were not inventoried. In addition, the …
https://www.osc.ny.gov/local-government/audits/school-district/2024/03/22/garden-city-union-free-school-district-it-asset-management-2023m-161Greene Central School District – Unused Leave Payments and Leave Accruals (2022M-158)
… calculated, supported and disbursed in accordance with CBAs and employment contracts (contracts). Consult with legal counsel about recovering payments that are inconsistent with the CBAs, contracts or any other applicable laws. …
https://www.osc.ny.gov/local-government/audits/school-district/2023/02/24/greene-central-school-district-unused-leave-payments-and-leave-accrualsUnion-Endicott Central School District - Noninstructional Overtime (2018M-201)
… prior approval was granted for overtime worked and that start and end times were documented on the time sheets in … appropriate, clarify whether employees may earn overtime when working from home. District officials disagreed with …
https://www.osc.ny.gov/local-government/audits/school-district/2019/03/22/union-endicott-central-school-district-noninstructional-overtime-2018mTown of Alexandria - Justice Court Time and Attendance and Court Operations (2017M-284)
… of Alexandria (Town) time sheets that coincided with hours worked at other municipalities. Determine if Justice Court … Town time sheets totaling $5,868 that coincided with hours worked at other municipalities. The Clerk did not allow for … she was paid an additional $1,800 for 123 hours not worked. The Clerk claimed 112 hours of sick leave at a cost …
https://www.osc.ny.gov/local-government/audits/justice-court/2018/10/23/town-alexandria-justice-court-time-and-attendance-and-court-operationsTown of Palermo – Procurement and Fuel Inventory (2020M-100)
… whether Town of Palermo (Town) officials used competitive methods when procuring goods and services and properly … Key Findings Town officials did not always use competitive methods when procuring goods and services or properly account … and update the procurement policy and use competitive methods when procuring goods and services, including …
https://www.osc.ny.gov/local-government/audits/town/2020/11/13/town-palermo-procurement-and-fuel-inventory-2020m-100Washington County – Consumer Protection: Accuracy of Weights and Measures (S9-24-4)
… maintain a complete and accurate master list of businesses with weighing and measuring devices. The Department’s master list of business did not include all businesses with timing devices. In addition, the Director did not … Recommendations Perform required testing in accordance with New York State Department of Agriculture and Markets …
https://www.osc.ny.gov/local-government/audits/county/2024/09/03/washington-county-consumer-protection-accuracy-weights-and-measures-s9-24-4Hauppauge Fire District – Mandatory Training and Procurement (2014M-375)
… Key Findings Three Fire Commissioners had not attended mandatory training required by New York State Town Law. The … Hauppauge Fire District Mandatory Training and Procurement 2014M375 …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/04/03/hauppauge-fire-district-mandatory-training-and-procurement-2014m-375Town of Babylon – Physical Accessibility to Programs and Services (S9-24-30)
… [read complete report – pdf] Audit Objective Assess whether Town of … taking additional steps to increase physical accessibility for the 139 components identified in this report. Town officials agreed with our findings and indicated …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2025/01/31/town-babylon-physical-accessibility-programs-and-services-s9-24-30Gardiner Fire District – Length of Service Award Program (2013M-265)
… controls over its Length of Service Award Program (LOSAP) for the period January 1, 2012 through January 29, … approximately $367,000. Key Findings The District’s LOSAP Point System is inconsistent with General Municipal … did not obtain an annual independent audit of the LOSAP as required. Key Recommendations Amend the Point System …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/03/07/gardiner-fire-district-length-service-award-program-2013m-265Salamanca City School District – Financial Management and Payroll (2017M-138)
… the City of Salamanca and the Towns of Carrollton, Great Valley, Little Valley, Napoli and Salamanca in Cattaraugus County. The …
https://www.osc.ny.gov/local-government/audits/school-district/2018/03/30/salamanca-city-school-district-financial-management-and-payroll-2017m-138