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Opinion 2002-3
… DISTRICTS -- Dock Districts (expansion of activities to include maintenance and operation of recreational … may not expand the activities of a public dock district to include maintenance and operation of recreational … board may expand the activities of a public dock district to include maintenance and operation of recreational …
https://www.osc.ny.gov/legal-opinions/opinion-2002-3Sherburne-Earlville Central School District – Financial Management (2024M-61)
… School District (District) Board of Education (Board) and District officials properly managed fund balance and reserves. Key Findings The Board and District officials did not properly manage fund balance …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/04/sherburne-earlville-central-school-district-financial-management-2024m-61NYS Common Retirement Fund Contacts
… University of Florida. Common Retirement Fund Managers Jennifer Cardiff, Global Equities [email protected] Manuel …
https://www.osc.ny.gov/common-retirement-fund/resources/nys-common-retirement-fund-contactsVillage of Cobleskill - Misappropriated Funds and Board Oversight (2018M-47)
… Determine whether the Board provided sufficient oversight of the former Clerk-Treasurer. Key Findings The Board failed … were significantly deficient; the CPA issued a disclaimer of opinion and we were unable to determine whether all water, … with the employee handbook. The former Mayor was aware of some of these deficiencies, but did not inform the Board. …
https://www.osc.ny.gov/local-government/audits/village/2020/01/03/village-cobleskill-misappropriated-funds-and-board-oversight-2018m-47Opinion 96-4
… is well established, however, that a municipality may not do indirectly what it cannot do directly (see, e.g., Commco v Amelkin , 62 NY2d 260, 476 …
https://www.osc.ny.gov/legal-opinions/opinion-96-4Town of Webb Union Free School District – Fund Balance (2016M-140)
… our audit was to review the District’s financial condition for the period July 1, 2012 through November 30, 2015. … five-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year totaled $8.8 million. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/town-webb-union-free-school-district-fund-balance-2016m-140Opinion 88-57
… -- Equal Protection (classification of users based on age and income) TOWN LAW, §198(3)(d); State Constitution, Article … town board may fix different classifications of consumers and apply a different rate schedule to each classification, provided the classifications and the rates applicable comply with constitutional equal …
https://www.osc.ny.gov/legal-opinions/opinion-88-57Disposition of Farm Assets
… Purpose To determine whether the Department of Corrections and … of reported transactions. Key Findings While we could not precisely determine the nature and extent of all the … and livestock on hand at the time of the farm closures in 2009, we did identify more than 3,300 farm equipment items …
https://www.osc.ny.gov/state-agencies/audits/2013/09/04/disposition-farm-assetsProject Tracking Systems and Economic Assistance Program Evaluations
… Objective To determine if Empire State Development (ESD) maintains adequate information systems for the … January 1, 2016 through April 16, 2021. About the Program ESD is the chief agency responsible for the coordination of …
https://www.osc.ny.gov/state-agencies/audits/2021/10/18/project-tracking-systems-and-economic-assistance-program-evaluationsComptroller DiNapoli Releases School District Audits
… District officials implemented a well-designed system of internal controls over the claims audit process. Due to this system of internal controls, auditors designed our testing to … consistently. They reviewed 110 claims totaling $414,749 of the 1,104 checks paid during our audit and found that the …
https://www.osc.ny.gov/press/releases/2019/04/comptroller-dinapoli-releases-school-district-audits-0Brighton Central School District – IT Asset Management (S9-22-6)
… to confirm they were inventoried. We found 6 percent of the sampled assets were not properly accounted for. …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2023/03/16/brighton-central-school-district-it-asset-management-s9-22-6NYS Common Retirement Fund Reports Third Quarter Results
… The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's fiscal year ends …
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 Fund has consistently been ranked as one of the best managed and best funded plans in the nation. Its fiscal year ends March …
https://www.osc.ny.gov/press/releases/2015/11/nys-common-retirement-fund-announces-second-quarter-resultsDiNapoli: State Pension Fund Valued at $246.3 Billion at End of Second Quarter
… has been resilient amid rising interest rates, inflation, and global turmoil, but markets have been turbulent. This … generations to come.” The Fund's value reflects retirement and death benefits of $4.09 billion paid out during the … Fund assets by allocation are invested in cash, bonds, and mortgages (21.53%), private equity (14.61%), real estate …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-state-pension-fund-valued-246-point-3-billion-end-second-quarterAvon Central School District – Financial Management (2024M-75)
… effect, a reservation of fund balance that is not provided for by statute and circumvents the statutory limit. Six … $5 million had high balances that were not needed or used. For example, the District’s reserve for unemployment expenditures will cover annual expenditures …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/25/avon-central-school-district-financial-management-2024m-75Newfield Central School District – IT Asset Management (S9-22-17)
… 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. Of … total cost of approximately $14,410 were not inventoried. In addition, annual inventories of all IT assets were not …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2023/03/16/newfield-central-school-district-it-asset-management-s9-22-17Pine Bush Central School District – IT Asset Management (S9-22-21)
… inventoried and safeguarded information technology (IT) assets acquired or in use during the audit period. Key Findings District officials did not appropriately track or inventory IT assets, maintain … Key Recommendations Ensure District inventory records are complete and include the detail necessary to adequately …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2023/03/16/pine-bush-central-school-district-it-asset-management-s9-22-21Norwood-Norfolk Central School District – Financial Management (2022M-129)
… which is enough to fund average retirement expenditures for 10 years. This balance exceeds the Board’s targeted …
https://www.osc.ny.gov/local-government/audits/school-district/2022/11/10/norwood-norfolk-central-school-district-financial-management-2022m-129Comptroller DiNapoli Releases School District Audits
… P. DiNapoli today announced the following school district audits have been issued. Corinth Central School District – … P DiNapoli today announced the following school district audits have been issued …
https://www.osc.ny.gov/press/releases/2019/09/comptroller-dinapoli-releases-school-district-audits-0Town of Webb Union Free School District – Financial Management (2022M-53)
… appropriations in the 2018-19 through 2020-21 budgets by a total of $3.7 million (16 percent) and appropriated fund … fund balance when needed and ensure encumbrances are for valid commitments. Comply with the statutory surplus fund …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/08/town-webb-union-free-school-district-financial-management-2022m-53