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DiNapoli: Fairport Audits Reveal Unauthorized Practices for Economic Development Agencies
… of Fairport Industrial Development Agency (FIDA) made a series of financial and accounting transactions outside … FLDC loans that began in early 2014. FIDA also improperly gifted $143,000 to the FLDC for the completion of a project. … audit of FURA , auditors found the agency inappropriately gifted $250,000 in assets to the FLDC and also made an annual …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-fairport-audits-reveal-unauthorized-practices-economic-development-agenciesBrockport Central School District - Financial Management (2023M-107)
… manage fund balance and reserves. From the 2017-18 through 2021- 22 fiscal years: The approved budgets made it appear … surpluses in each of those five years, totaling $20.9 million. The Board overestimated appropriations by more …
https://www.osc.ny.gov/local-government/audits/school-district/2024/01/12/brockport-central-school-district-financial-management-2023m-107Universal Pre-Kindergarten Program – Monitoring of Health and Safety Requirements (Follow-Up)
… children access, at no charge, to comprehensive early childhood education experiences that promote their social-emotional, …
https://www.osc.ny.gov/state-agencies/audits/2018/03/05/universal-pre-kindergarten-program-monitoring-health-and-safety-requirements-followDiNapoli: State Pension Fund Valued at $273.4 Billion at End of Third Quarter
… The remaining Fund assets by allocation are invested in cash, bonds, and mortgages at 22.16%, private equity at 14.58%, real estate and real assets at 13.93%, and …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-state-pension-fund-valued-2734-billion-end-third-quarterState Comptroller DiNapoli Releases School Audits
… $2.4 million in fund balance as a financing source in the annual budgets for 2012-13 through 2015-16. However, the … Additionally, the board appointed a claims auditor but needs to improve its oversight of the claims auditing … or agreements. Raquette Lake Union Free School District – Monitoring Financial Condition (Hamilton County) The board …
https://www.osc.ny.gov/press/releases/2016/10/state-comptroller-dinapoli-releases-school-auditsComptroller DiNapoli Releases School Audits
… practices and ensure proper policies and procedures are in place to protect taxpayer dollars from waste, fraud and … school districts annually spend approximately $60 billion in federal, state and local funds. For additional background … through 2014-15 that appropriated a total of $17.4 million in fund balance and $7 million in reserve funds to finance …
https://www.osc.ny.gov/press/releases/2016/11/comptroller-dinapoli-releases-school-audits-1DiNapoli: State Pension Fund Releases Annual Investment Return
… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) investment return was -4.14% for the state fiscal year that ended March 31, 2023. The Fund closed the year valued at $248.5 billion. “Recent … State Comptroller Thomas P DiNapoli today announced that the New York State Common Retirement Funds Fund investment …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnEnvironment, Energy and Agriculture – 2023 Financial Condition Report
… $1.5 billion, an increase of $135.3 million (10.1 percent) from SFY 2021-22, with local assistance spending growing 33 … This increase is accounted for by additional spending from federal clean water funding provided by the federal … 31 in the previous year and 16 FTE positions below levels from March 31, 2012. Environmental Protection Fund (EPF) …
https://www.osc.ny.gov/reports/finance/2023-fcr/environment-energy-and-agricultureNYS Common Retirement Fund Reports Second Quarter Results
… alternatives (5.3 percent). DiNapoli initiated quarterly investment performance reporting in 2009 as part of … efforts to increase accountability and transparency. Quarterly rates of return provide a snapshot of performance …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsState Comptroller DiNapoli Releases School Audits
… today announced his office completed audits of the Beaver River Central School District , Clymer Central School District , Pittsford … today announced his office completed audits of the Beaver River Central School District Clymer Central School District Pittsford …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-school-audits-1Opinion 98-2
… or statutory amendments that bear on the issues discussed in the opinion. FIRE CHIEFS -- Powers and Duties (control of … and Expenditures (dinners for fire commissioners) TOWN LAW, §178-c: A fire district may not pay for post-meeting … the use of personal equipment at a fire scene and, even in the absence of such a rule or regulation, the chief of the …
https://www.osc.ny.gov/legal-opinions/opinion-98-2Opinion 99-15
… for exemption from taxation (see, e.g., 1981 Opns St Comp No. 81-106, p 107; 1980 Opns St Comp, No. 80-334, p 98). The proposed reduction in real … tax exemption to these properties (see, e.g., 1981 Opns St Comp No. 81-208, p 221; 1981 Opns St Comp No. 81-147, p 152; …
https://www.osc.ny.gov/legal-opinions/opinion-99-15Rensselaer City School District – Internal Controls Over Extra-Classroom Activity Funds (2013M-153)
… the internal controls over extra-classroom activity funds for the period July 1, 2011, to February 28, 2013. Background … disbursements. Key Findings The Board established a policy for the activity fund, but is not adequate because it does … recordkeeping of the activity fund or for closing inactive clubs. The District has an internal auditor who provides …
https://www.osc.ny.gov/local-government/audits/school-district/2013/09/06/rensselaer-city-school-district-internal-controls-over-extra-classroomElmsford Union Free School District – IT Asset Management (S9-22-9)
… pdf] Audit Objective Determine whether Elmsford Union Free School District (District) officials appropriately tracked, … percent of the sampled assets were not properly accounted for. Specifically: Seven IT assets with combined costs of …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2023/03/16/elmsford-union-free-school-district-it-asset-management-s9-22-9Introduction – Information Technology Contingency Planning
… Information technology (IT) has become an integral part of most local governments’ and school districts’ … Information technology IT has become an integral part of most local governments and school districts operations …
https://www.osc.ny.gov/local-government/publications/it-contingency-planning/introductionInvestors Renew Call on Exxon to Address Climate Risk
… York City Retirement Systems, CalPERS and other U.S. and European investors. A list of co-filers is available here . … New York State Common Retirement Fund is the third largest public pension fund in the United States, with an estimated … The Fund has a diversified portfolio of public and private equities, fixed income, real estate and alternative …
https://www.osc.ny.gov/press/releases/2017/02/investors-renew-call-exxon-address-climate-riskSelected Aspects of Leasing Practices for Real Estate Services Department and Port Commerce (2017-S-58)
To determine whether the Port Authority of New York and New Jersey has a tracking system that accurately accounts for all its properties, including all...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2019-17s58.pdfLindenhurst Union Free School District – Collections (2024M-24)
… and educational programs and determined that: In-person collections totaling $130,568 were not recorded in a collection log. Employees made 25 deposits totaling $29,639 between 11 … the month being reported. Key Recommendations Maintain a log which records the date, amount and payor of program funds …
https://www.osc.ny.gov/local-government/audits/school-district/2024/07/19/lindenhurst-union-free-school-district-collections-2024m-24Henrietta Fire District – Financial Condition (2021M-27)
… to both increase real property taxes and use appropriated fund balance to close projected budget gaps. As a result, … The Board unnecessarily overrode the 2019 and 2020 tax cap. The 2021 tax cap override will likely be unnecessary because the 2021 …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/07/16/henrietta-fire-district-financial-condition-2021m-27Argyle Central School District – Medicaid Reimbursements (2020M-171)
… maximized Medicaid reimbursements by submitting claims for all eligible Medicaid services provided. Key Findings The … not maximize Medicaid reimbursements by submitting claims for all eligible Medicaid services provided. The District … were submitted and reimbursed. Claims were not submitted for 1,251 eligible services totaling $26,637. Had these …
https://www.osc.ny.gov/local-government/audits/school-district/2021/06/18/argyle-central-school-district-medicaid-reimbursements-2020m-171