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DiNapoli Releases Report on Municipalities Close to Exceeding Tax Limits
… Thomas P. DiNapoli. The CTL is the maximum amount of real property tax a local government can raise in a single year. … mechanisms that limit how much a municipality can raise in property taxes. The Property Tax Cap, which is more commonly known, limits …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-releases-report-municipalities-close-exceeding-tax-limitsAvon 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-75Brighton 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-s9-22-6An Analysis of Reasonable and Customary Out-of-Network Reimbursement Rates for Medical/Surgical Services in the New York State Health Insurance Program
… The New York State Health Insurance Program (NYSHIP), administered by the … The Empire Plan is the primary health benefits plan for NYSHIP, covering 1.1 million of the NYSHIP members. The … its members with four types of health insurance coverage: medical/surgical, hospital, prescription drugs, and mental …
https://www.osc.ny.gov/state-agencies/audits/2020/04/01/analysis-reasonable-and-customary-out-network-reimbursement-rates-medicalsurgical-servicesTown 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-140Town 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-53Opinion 99-15
… of municipalities and "quasi-municipal corporations" (NY Const., art III, §1, art XVI, §1; see, e.g., Greater … a "charge imposed upon real property by or on behalf of a county, city, town, village or school district for municipal … and 1979 Opns St Comp No. 79-453, unreported; cf. Riley v County of Monroe , 43 NY2d 144, 400 NYS2d 801). Also, the …
https://www.osc.ny.gov/legal-opinions/opinion-99-15Andes Central School District - Cafeteria Operations (2019M-26)
… for breakfast and second lowest for lunch as compared to all Delaware County school districts. Internal controls over …
https://www.osc.ny.gov/local-government/audits/school-district/2019/04/12/andes-central-school-district-cafeteria-operations-2019m-26New York State Health Insurance Program – Payments by Beacon Health Options for Mental Health and Substance Abuse Services for Ineligible Members (Follow-Up)
… Program (NYSHIP), administered by the Department of Civil Service (Civil Service), provides health insurance … paid MHSU claims for Empire Plan members who were not eligible for coverage. The audit covered the period January … between NYBEAS and Carelon’s system to help ensure claims are paid only for eligible members. Civil Service continues …
https://www.osc.ny.gov/state-agencies/audits/2024/01/03/new-york-state-health-insurance-program-payments-beacon-health-options-mental-health-andState Comptroller DiNapoli Statement on New York City Budget & Financial Plan
… as New York City is still rebounding from the pandemic and is facing an uneven economic recovery. The city’s outlook has improved, a result of some good fortune and more proactive planning, but it can do more to prepare for ongoing uncertainty and boost its reserves. “A year after the city budgeted for …
https://www.osc.ny.gov/press/releases/2022/02/state-comptroller-dinapoli-statement-new-york-city-budget-financial-planBrockport Central School District - Financial Management (2023M-107)
… Audit Objective Determine whether the Brockport Central School District (District) Board of Education (Board) and District … to appropriate fund balance and reserves and increase real property taxes by 13 percent to close projected budget …
https://www.osc.ny.gov/local-government/audits/school-district/2024/01/12/brockport-central-school-district-financial-management-2023m-107Opinion 91-4
… fire district without consideration) CONSTITUTIONAL LAW -- Gifts and Loans (transfer by village of firefighting … of the joint fire district, the village must still pay principal and interest on its outstanding obligations issued … village's continuing responsibility to pay interest and principal on the obligations. March 18, 1991 Jack L. Cottet, …
https://www.osc.ny.gov/legal-opinions/opinion-91-4NY State Common Retirement Fund Selects New Deputy Chief Investment Officer
… of Anastasia Titarchuk to the position of Deputy Chief Investment Officer for the $181.7 billion New York State Common …
https://www.osc.ny.gov/press/releases/2015/02/ny-state-common-retirement-fund-selects-new-deputy-chief-investment-officerPine 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-s9-22-21Universal Pre-Kindergarten Program – Monitoring of Health and Safety Requirements (Follow-Up)
… of implementation of the two recommendations included in our initial audit report, Universal Pre-Kindergarten … to be safe and suitable for children and maintained in a state of good repair and sanitation. Our initial audit … were complying with health and safety requirements. In addition, we found a wide disparity in the way UPK …
https://www.osc.ny.gov/state-agencies/audits/2018/03/05/universal-pre-kindergarten-program-monitoring-health-and-safety-requirements-followNewfield 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-s9-22-17NYS Common Retirement Fund Reports Estimated First Quarter Results
… and diverse holdings have helped make it one of the best-funded public pension funds in the nation and it remains … It has consistently been ranked as one of the best managed and best funded plans in the nation. … The New York State Common …
https://www.osc.ny.gov/press/releases/2022/08/nys-common-retirement-fund-reports-estimated-first-quarter-resultsTown of Marcellus – Supervisor’s Records and Reports (2013M-375)
… and accurate accounting records and reports for all Town funds or ensure that bank reconciliations were properly …
https://www.osc.ny.gov/local-government/audits/town/2014/03/14/town-marcellus-supervisors-records-and-reports-2013m-375Comptroller's NYS Common Retirement Fund Responsibilities
… is a diligent fiduciary of the Fund who ensures that investment decisions and practices adhere to the highest … and legal counsel who: Help to determine the best investment choices and allocation of assets for the Fund. Provide independent advice and oversight of all investment decisions. Serve as part of the chain of approval …
https://www.osc.ny.gov/common-retirement-fund/responsibilitiesDiNapoli: Syosset Man Sentenced for Role in $12 Million Ponzi Scheme
… T. Donnelly announced a Syosset man was sentenced today to up to ten-and-a-half years in prison for his role in a $12 … guilty on Feb. 8, 2022, before Judge Teresa Corrigan to charges of Grand Larceny in the First Degree (a B felony) …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-syosset-man-sentenced-role-12-million-ponzi-scheme