Search
Commack Union Free School District - Information Technology Assets Inventory (2020M-15)
… to properly track purchase order date, cost, and current location of asset. Designate staff to be responsible for …
https://www.osc.ny.gov/local-government/audits/school-district/2020/05/08/commack-union-free-school-district-information-technology-assetsCobleskill-Richmondville Central School District – Fund Balance Management (2022M-47)
… Central School District (District) Board of Education (Board) and officials effectively managed fund balance. Key Findings The Board and District officials did not effectively manage the … CobleskillRichmondville Central School District District Board of Education Board and officials effectively managed …
https://www.osc.ny.gov/local-government/audits/school-district/2022/08/12/cobleskill-richmondville-central-school-district-fund-balance-managementState Contract and Payment Actions in October
… Solutions, Inc. for an electronic health records system for state-operated addiction treatment centers. … to The Children’s Law Center for attorneys for children. Payment Rejections and Other Cost Recoveries The office … or lack of documentation. Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2018/12/state-contract-and-payment-actions-octoberDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… investments, it finished the year above our assumed rate of return,” DiNapoli said. “Still, the turmoil in the … alternatives (5.48%). The Fund’s long-term expected rate of return is 5.9%. The timing of the Fund’s annual … operational transparency.” Links Fund’s historic value and rate of return in prior years Third quarter results Return …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnCost-Saving Ideas: Legal Requirements
… fund for cities, counties, towns, villages, and sewer and water improvement districts, including voter approval … for the establishment of, and expenditures from, repair reserve funds for cities, counties, towns, villages, …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirementsDiNapoli: State Pension Fund Valued at $259.9 Billion at End of Third Quarter
… in publicly traded equities. The remaining Fund assets by allocation are invested in cash, bonds, and mortgages … equity (14.75%), real estate and real assets (13.30%) and credit, absolute return strategies, and opportunistic … It has consistently been ranked as one of the best managed and best funded plans in the nation. …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-state-pension-fund-valued-259.9-billion-end-third-quarterDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… Percent Returned Percentage of Fund's Total Investments Domestic Equities 11.6% 37.1% Core Fixed Income 5.5% 22.2% …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionHammond Central School District – Financial Management (2024M-70)
… would improve the Board and District officials’ financial management practices. District officials generally agreed …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/11/hammond-central-school-district-financial-management-2024m-70DiNapoli Releases Report on Municipalities Close to Exceeding Tax Limits
… The number of cities, counties and villages in New York that are … had used 80 percent or more of their CTL. By 2018, that number had risen to 20, with ten municipalities exhausting … CTLs in 2018. Preliminary results suggest that the number of municipalities exceeding 80 percent of their CTL …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-releases-report-municipalities-close-exceeding-tax-limitsTown of Busti – Taxpayer Equity (2015M-349)
… Town officials were properly budgeting and allocating highway department expenditures for the period January 1, … within its borders. Budgeted appropriations for the highway fund for 2015 totaled approximately $1.1 million. Key … properly budget for or allocate approximately $135,000 in highway equipment purchases between the town-wide and …
https://www.osc.ny.gov/local-government/audits/town/2016/03/25/town-busti-taxpayer-equity-2015m-349State Comptroller DiNapoli Releases Municipal & School Audits
… audits were issued. Town of Lincoln – Disbursements (Madison County) The board and former supervisor did not … paid, and one bookkeeper received $1,751 in additional pay with no evidence of approval. Town of Lincoln – Town Clerk (Madison County) The former clerk did not properly account …
https://www.osc.ny.gov/press/releases/2024/04/state-comptroller-dinapoli-releases-municipal-school-audits-0Opinion 90-1
… in Support of Senate Bill No. 8895, enacted as L 1986 ch 812, New York StateLegislative Annual, 1986, pp 339-340). … for public purposes ( Comereski v City of Elmira , 308 NY 248). Towns are authorized to develop playgrounds for the …
https://www.osc.ny.gov/legal-opinions/opinion-90-1Gowanda Central School District – Financial Management (2024M-104)
… by $4.5 million, and missing opportunities to lower real property taxes. The Board and District officials: … fund appropriations from 2020-21 through 2022-23 by a total of $13.1 million and appropriated nearly $6.7 million … balance that will not be used to finance operations as a means to accumulate surplus funds in excess of the legal …
https://www.osc.ny.gov/local-government/audits/school-district/2024/12/13/gowanda-central-school-district-financial-management-2024m-104Mount Pleasant Cottage School Union Free School District – Financial Condition (2013M-360)
… July 1, 2012 through September 10, 2013. Background The Mount Pleasant Cottage School Union Free School District is a … Mount Pleasant Cottage School Union Free School District …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/07/mount-pleasant-cottage-school-union-free-school-district-financialComptroller 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 … fund appropriations by $7.3 million (9 percent) resulting in combined operating surpluses totaling $6.4 million. …
https://www.osc.ny.gov/press/releases/2016/06/comptroller-dinapoli-releases-school-audits-1Delaware Academy Central School District at Delhi – Financial Management (2024M-21)
… statutory limit on surplus fund balance and resulted in a real property tax levy that was higher than needed to fund … officials: Overestimated budgetary appropriations by a total of $5 million (8.6 percent) and developed budgets …
https://www.osc.ny.gov/local-government/audits/school-district/2024/08/09/delaware-academy-central-school-district-delhi-financial-management-2024mComptroller's NYS Common Retirement Fund Responsibilities
… Independent advice The Comptroller is a diligent fiduciary of the Fund who ensures that investment decisions and practices adhere to the highest levels of ethical conduct and transparency. He seeks the input of a … reforms Comptroller DiNapoli continues changing the way the Fund operates to increase transparency and establish …
https://www.osc.ny.gov/common-retirement-fund/responsibilitiesDiNapoli Announces Interim CIO for the New York State Common Retirement Fund
… retiring the week of July 30 after six years of service. "My thanks go to Vicki Fuller, during whose tenure the Fund … public employees, retirees and their beneficiaries." "My gratitude goes to Comptroller DiNapoli for his trust and …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-announces-interim-cio-new-york-state-common-retirement-fundCost-Saving Ideas: Using State Contracts to Acquire Goods or Services
… for local governments and school districts like road salt, fuel, vehicles, heavy equipment, food, furniture, computer … the State's buying power and expertise may result in lower prices and better quality goods and services. Benefits of … not used. For example: A town paid $19,866 more for diesel fuel; A town overpaid more than $4,600 for gasoline; A fire …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-using-state-contracts-acquire-goods-or-servicesDiNapoli: 22 School Districts Designated in Fiscal Stress
… 670 school districts that filed their financial reports in time to be scored in SY 2024, 3.3% have been designated as … to meet expenses. School districts receive a fiscal stress score that is based on several factors: year-end fund … reliance on short-term debt for cashflow. The higher the score, the more severe the level of stress. This release of …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-22-school-districts-designated-fiscal-stress