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Chester Union Free School District – Financial Management and Board Oversight (2016M-95)
… The Chester Union Free School District is located in the Town of Chester, Orange County. The District, which … officials did not maintain the District’s fund balance in accordance with statutory requirements and did not use the … Ensure that the amount of unrestricted fund balance is in compliance with the statutory limit and reduce the amount …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/22/chester-union-free-school-district-financial-management-and-boardMonticello Central School District – Budgeting (2014M-97)
… fund budgeted appropriations for the 2013-14 fiscal year totaled approximately $80.2 million. Key Findings Budget …
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/05/monticello-central-school-district-budgeting-2014m-97Town of Allen – Town Clerk Collections (2024M-120)
… and reported collections. Key Findings The Clerk did not always record fees accurately or deposit them in a timely manner, but fees were properly deposited intact … remitted in a timely manner and reported accurately to the Town Supervisor (Supervisor).The Clerk accurately …
https://www.osc.ny.gov/local-government/audits/town/2025/02/14/town-allen-town-clerk-collections-2024m-120Opinion 92-16
… or statutory amendments that bear on the issues discussed in the opinion. CONFLICTS OF INTEREST -- Exceptions … (contracts for rental of room owned by officer and used in official duties) PUBLIC OFFICERS AND EMPLOYEES -- Powers … of office from town officers and fire companies) TOWN LAW, §§64(2), 220; GENERAL MUNICIPAL LAW, §802(2)(c): A town …
https://www.osc.ny.gov/legal-opinions/opinion-92-16DiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… future consequences. “Since taking office, I have sought to establish our state’s pension fund as a leader in transparency, ethics and effectiveness. It’s gratifying to have an independent voice affirm our efforts,” DiNapoli … additional resources can we accomplish all that we need to do to manage the Fund effectively and efficiently. Our …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingWhat is a Defined Benefit Plan?
… several advantages over the 401(k)-style plans offered by many private employers. Perhaps the greatest benefit is that, … a monthly pension payment for the rest of your life. How Defined Benefit Plans Work Defined benefit pension plans, … to an individual retirement account, and the money in the account is invested. Though the plan may offer …
https://www.osc.ny.gov/retirement/members/defined-benefit-planDiNapoli: NYC’s Restaurant, Retail and Recreation Sectors Continue to Struggle During Pandemic
… funding that, in turn, helped many small businesses manage payroll and operating expenses, pay rent, bolster protective …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-nycs-restaurant-retail-and-recreation-sectors-continue-struggle-during-pandemicNYS Comptroller DiNapoli, Steuben County District Attorney Baker, and NYS Police: Former Addison Official to Be Sentenced to Prison and Will Forfeit State Pension After Million Dollar Public Corruption Conviction
… A former clerk-treasurer of the Village of Addison in Steuben County will be sentenced to serve three-to-nine years in state prison, pay full restitution of $1.1 million, and … by filing a complaint online at https://www.osc.ny.gov/investigations , or by mailing a complaint to: Office …
https://www.osc.ny.gov/press/releases/2024/08/nys-comptroller-dinapoli-steuben-county-district-attorney-baker-and-nys-police-former-addisonNew York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s economy and … Have Been Regained Through July; in NYC, 17% While New York State has regained more than one in four of the jobs it …
https://www.osc.ny.gov/reports/covid-19-september-2-2020DiNapoli: NYC Budget Benefiting From Strong Economy
… collections have been strong so far this year, although business tax collections have been weaker. The budget …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-nyc-budget-benefiting-strong-economyExxon's Investors Call for Meaningful Climate Risk Plan
… P. DiNapoli, as trustee of the New York State Common Retirement Fund (Fund), and the Church of England, are … those results with investors, Exxon refuses to account for the goals of the Paris Agreement. Irrespective of the …
https://www.osc.ny.gov/press/releases/2017/04/exxons-investors-call-meaningful-climate-risk-planNYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… as if it won’t affect them and their investors. They can’t have it both ways.” “The silence of fossil fuel companies on … calls for more information, many fossil fuel companies have admitted that climate change is real and that their … their business models, many companies such as ExxonMobil have said that there will be no impact. In their letter to …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryOpinion 89-48
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion …
https://www.osc.ny.gov/legal-opinions/opinion-89-48DiNapoli: NY's Homeownership Rate Lowest in the Nation
… New York state has the lowest homeownership rate in the nation, driven by low rates in New York City, … their home, compared to 52% of Asian households, 34% of Black households, and 29% of Hispanic households. The …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nys-homeownership-rate-lowest-nationState Comptroller DiNapoli Releases Municipal and School Audits
… assurance that certain services with vendors were provided in accordance with contract terms, and payments were … balance and did not present the district’s spending plans in a transparent and meaningful manner. While real property … since 2020-21, the district’s budgeting practices resulted in tax levies being higher than necessary. The board and …
https://www.osc.ny.gov/press/releases/2024/08/state-comptroller-dinapoli-releases-municipal-and-school-auditsDiNapoli: NYC Office Building Market Values Rise Amid Shift in Demand for Space
… values reached nearly $205 billion in fiscal year (FY) 2025, surpassing pre-pandemic levels, according to a report … space use by businesses in the information, financial activities, and professional and business services sectors … The citywide peak-day occupancy rate was 64.2% as of July, according to Kastle Systems, which remains well below …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-office-building-market-values-rise-amid-shift-demand-spaceState Comptroller DiNapoli Releases Municipal & School Audits
… local government and school audits were issued. Village of Riverside – Clerk-Treasurer’s Records and Reports (Steuben … last four fiscal years and the current AFR was overdue as of Aug. 9, 2024. The clerk-treasurers also did not file … Internal Revenue Service or the New York State Department of Taxation and Finance, which could result in fines and …
https://www.osc.ny.gov/press/releases/2024/12/state-comptroller-dinapoli-releases-municipal-school-audits-0State Comptroller DiNapoli Releases Municipal Audits
… County Industrial Development Agency (RCIDA) – Payments in Lieu of Taxes (2021M-74) Officials did not ensure all … an inconsistent payment calculation process that resulted in two projects being overbilled a total of $170,842 and two … payments. Officials also paid five employees $55,407 in overtime payments that could have been avoided or reduced. …
https://www.osc.ny.gov/press/releases/2025/01/state-comptroller-dinapoli-releases-municipal-auditsFinancial Reporting and Asset Allocation
… of Investments & Transactions Monthly reports disclose in detail investments and transactions, hiring fund managers, … 1st Quarter, FY 2024-25 Long-Term Policy Asset Allocation (in effect as of April 1, 2024) Asset Class Long-Term Policy …
https://www.osc.ny.gov/common-retirement-fund/resources/financial-reporting-and-asset-allocationVillage of Deposit - Nonpayroll Disbursements and Real Property Tax Enforcement (2018M-99)
Village of Deposit - Nonpayroll Disbursements and Real Property Tax Enforcement (2018M-99)
https://www.osc.ny.gov/files/local-government/audits/pdf/lgsa-audit-village-2018-deposit.pdf