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Cost-Saving Ideas: School District Auditing – Audit Committee
… qualifies Candidates should collectively possess knowledge in accounting, auditing, financial reporting and district …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-school-district-auditing-audit-committeeDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… Retirement Fund’s (Fund) investment return was 9.51% for the state fiscal year that ended March 31, 2022. The … bonds, and mortgages (21.18%), private equity (13.64%), real estate and real assets (10.00%) and credit, absolute return …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnSouth Colonie Central School District – Internal Controls Over Timekeeping Procedures (2013M-298)
… The South Colonie Central School District is located in the Towns of Colonie and Guilderland in Albany County, and the Town of Niskayuna in Schenectady … hours, overtime and the use of accrued leave time such as sick leave. For example, we selected six of 64 employees with …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/10/south-colonie-central-school-district-internal-controls-over-timekeepingPawling Central School District – Selected Financial Activities (2012M-185)
… of Audit The purpose of our audit was to examine selected District financial activities for the period July 1, 2010, … 3, 2012. Background The Pawling Central School District is located in the Town of Pawling in Dutchess and Putnam … Limit the Audit Committee’s activities to the scope of what is included in its charter. Amend the District’s …
https://www.osc.ny.gov/local-government/audits/school-district/2013/02/08/pawling-central-school-district-selected-financial-activities-2012m-185State Comptroller DiNapoli Releases Municipal & School Audits
… she earned and used leave that she was not entitled to and paid herself an unauthorized payment for unused leave … also erroneously reported an additional 392.54 days worked to the New York State and Local Retirement System. The … did not perform his financial duties or obtain training on how to perform his duties and was unfamiliar with the duties …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-audits-1Uniondale Fire District – Firehouse Hall Rentals and Questionable Board Practices (2013M-244)
… acceptable credit limits, monitoring controls to ensure compliance with the policy, and penalties for violating the …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/03/14/uniondale-fire-district-firehouse-hall-rentals-and-questionable-boardNorth Bellmore Union Free School District – Financial Condition (2014M-47)
… The North Bellmore Union Free School District is located in the Towns of Hempstead in Nassau County. The District is governed by an elected … The Board significantly overestimated appropriations in its adopted budgets and consistently appropriated funds …
https://www.osc.ny.gov/local-government/audits/school-district/2014/06/20/north-bellmore-union-free-school-district-financial-condition-2014m-47Wyandanch Union Free School District - Budget Review (B19-7-1)
… 2019-20 budget. Background The Wyandanch Union Free School District, located in Suffolk County, adopted budgets …
https://www.osc.ny.gov/local-government/audits/school-district/2019/03/29/wyandanch-union-free-school-district-budget-review-b19-7-1Sag Harbor Union Free School District – Child Care Program (2016M-211)
… of our audit was to review the District’s oversight of its child care program for the period July 1, 2014 through December 31, 2015. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/02/sag-harbor-union-free-school-district-child-care-program-2016m-211Pembroke Central School District – Financial Management (2016M-31)
… Purpose of Audit The purpose of our audit was to review the District’s management of financial activities for the period July 1, 2012 through December 4, 2015. Background The Pembroke Central School District is located in the Towns of Pembroke, Darien, …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/10/pembroke-central-school-district-financial-management-2016m-31State Comptroller DiNapoli Releases School District Audits
… audits have been issued. Brookhaven-Comsewogue Union Free School District – Extra-Classroom Activity (ECA) Funds … $12,635 were deposited timely. East Moriches Union Free School District – Financial Condition Management … operations in a timely manner. Port Chester-Rye Union Free School District – Information Technology User Accounts …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-releases-school-district-audits-0State Contract and Payment Actions in January
… In January, the Office of the State Comptroller approved … replace heat exchangers at Upstate Correctional Facility in Franklin County. $2.6 million with Slade Industries Inc. …
https://www.osc.ny.gov/press/releases/2021/02/state-contract-and-payment-actions-januaryState Comptroller Thomas P. DiNapoli Statement on New York City's Executive Budget
… “New York City’s $98.6 billion executive budget for FY 2022 and its financial plan for FY 2022–FY 2025 reflect a drastically improved short-term budget …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-thomas-p-dinapoli-statement-new-york-citys-executive-budgetMonticello Central School District – Budgeting (2014M-97)
… audit was to evaluate the District’s financial condition for the period July 1, 2012 through October 2, 2013. Background The Monticello Central School District is located in the Towns of Bethel, Fallsburgh, Forestburgh, … Mamakating and Thompson in Sullivan County. The District is governed by an elected nine-member Board of Education and …
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/05/monticello-central-school-district-budgeting-2014m-97Argyle Central School District – Internal Controls Over Payroll (2014M-051)
… had established effective internal controls over payroll and leave accruals for the period July 1, 2012 through … one school in operation with approximately 600 students and 110 employees. Budgeted appropriations for the 2013-14 … $11.3 million, which were funded primarily with State aid and real property taxes. Key Finding The Board had not …
https://www.osc.ny.gov/local-government/audits/school-district/2014/07/25/argyle-central-school-district-internal-controls-over-payroll-2014m-051State Comptroller DiNapoli Releases Municipal & School Audits
… York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued. … City of Salamanca – Collections (Cattaraugus County) The city comptroller’s collections were not always accurately … could not determine whether deposits were generally made in a timely manner. Auditors reviewed 29 deposits totaling …
https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-municipal-school-audits-1Long Beach City School District – Financial Management (2023M-147)
… balance and did not present the District’s spending plans in a transparent manner. While real property tax levies … since 2020-21, the District’s budgeting practices resulted in tax levies being higher than necessary. The Board and … fund balance that exceeded the statutory 4 percent limit in three of the four years reviewed by as much as 5 …
https://www.osc.ny.gov/local-government/audits/school-district/2024/08/09/long-beach-city-school-district-financial-management-2023m-147State Contract and Payment Actions in July
… $2.2 million to Knowledge Builders Inc., $2 million to IIT Inc., and $8.8 million to 29 other vendors. $1.4 million …
https://www.osc.ny.gov/press/releases/2020/08/state-contract-and-payment-actions-julyCheektowaga-Maryvale Union Free School District - Continuing Education (2019M-123)
… complete report - pdf] Audit Objective Determine whether District officials properly accounted for the Continuing Education Department’s (Department) … revenue in accordance with the modified accrual basis of accounting. District officials agreed with our findings and …
https://www.osc.ny.gov/local-government/audits/school-district/2019/09/06/cheektowaga-maryvale-union-free-school-district-continuing-educationDiNapoli Announces Interim CIO for the New York State Common Retirement Fund
… New York State Comptroller Thomas P. DiNapoli today announced his appointment of Anastasia Titarchuk as Interim Chief Investment Officer of … and alternative instruments. Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-announces-interim-cio-new-york-state-common-retirement-fund