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Town of Ballston - Water Fund Financial Operations (2023M-60)
… complete report – pdf] Audit Objective Determine whether the Town of Ballston (Town) officials provided adequate oversight of the water fund’s financial operations. Key Findings … delinquent accounts were not accurately relevied, and the Town lost revenue. Officials did not maintain an …
https://www.osc.ny.gov/local-government/audits/town/2023/12/15/town-ballston-water-fund-financial-operations-2023m-60Opinion 88-21
… the issues discussed in the opinion. ZONING AND PLANNING - Park Lands (use of park trust fund moneys to construct indoor recreational facility); (use of park trust fund moneys to construct recreational building in … Concerning the use of park trust funds received by a village from subdividers …
https://www.osc.ny.gov/legal-opinions/opinion-88-21Town of Adams – Justice Court Operations (2020M-163)
… Audit Objective Determine whether the Town of Adams (Town) Justice Court (Court) funds were properly recorded, deposited … or bank reconciliations. Cash in a retired Justice’s bank account exceeded known liabilities by a total … investigate and resolve any differences. Contact the Justice Court Fund for guidance on reporting the unidentified …
https://www.osc.ny.gov/local-government/audits/justice-court/2021/02/26/town-adams-justice-court-operations-2020m-163DiNapoli, James and Garnett Announce Sentencing in Straw Donation Scheme
… General Letitia James and New York City Department of Investigation Commissioner Margaret Garnett announced the sentencing of non-profit executive Anna Mendez for the misuse of nonprofit funds to fund straw political donations to … executive Anna Mendez was sentenced for the misuse of nonprofit funds to fund straw political donations …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-james-and-garnett-announce-sentencing-straw-donation-schemeTaxes and Interest
… certain types of payments to the Internal Revenue Service (IRS). If your refund paid within a calendar year includes: Interest totaling $600 or more, you’ll receive an IRS 1099-INT form in January following the year your claim …
https://www.osc.ny.gov/unclaimed-funds/claimants/taxes-and-interestDiNapoli: Pharsalia Supervisor Arrested in Alleged $123K Theft
… of fraud involving taxpayer money by calling the toll-free Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] , or by mailing a …
https://www.osc.ny.gov/press/releases/2019/04/dinapoli-pharsalia-supervisor-arrested-alleged-123k-theftNew York State Financial Reporting
… Comprehensive Financial Report This annual report presents New York State’s financial statements prepared in accordance with … Annual Financial Report Financial Condition Report of New York State This GAAP-based report provides an overview of …
https://www.osc.ny.gov/reports/financeVillage of Remsen – Clerk-Treasurer’s Records and Reports (2020M-119)
… - pdf ] Audit Objective Determine whether the Village of Remsen (Village) Clerk-Treasurer maintained adequate records and reports to allow the Board of Trustees (Board) to properly manage Village finances. Key … or filed with the State Comptroller’s Office (OSC) for any of the last four years (2015-16, 2016-17, 2017-18 and …
https://www.osc.ny.gov/local-government/audits/village/2021/01/08/village-remsen-clerk-treasurers-records-and-reports-2020m-119Randolph Central School District - Financial Management (2019M-232)
… officials can better manage fund balance and reserves. As of June 30, 2019, surplus fund balance was nearly $2.9 million (14 percent of the 2019-20 budgeted appropriations), exceeding the …
https://www.osc.ny.gov/local-government/audits/school-district/2020/03/06/randolph-central-school-district-financial-management-2019m-232City of Long Beach – Budget Review (B20-7-3)
… appropriations of $2.7 million in termination salary payments. Although the City appears to have budgeted … to increase the appropriation for termination salary payments to be more consistent with past payments. In February 2020, the City issued $2.1 million in …
https://www.osc.ny.gov/local-government/audits/city/2020/05/13/city-long-beach-budget-review-b20-7-3Friendship Central School District – Fund Balance and Reserves (2022M-55)
… appropriations by a total of $2.3 million (8 percent) in the three fiscal years audited. This made it appear the … used to fund operations. Improperly restricted $246,000 in a debt reserve fund. The funds should be returned to the … restricted funds to general fund surplus fund balance in compliance with applicable statutes. District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/22/friendship-central-school-district-fund-balance-and-reserves-2022m-55DiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… Advisors for a new small capitalization equity investment platform. The Fund is one of a few public pension funds in …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programDiNapoli: State Pension Fund Value $210.2 Billion
… strategy performed well, with private equity and real estate delivering returns of 9.90 percent and 7.09 percent, … Non-US Equities -4.46% 12.9% Private Equity 9.90% 9.1% Real Estate 7.09% 7.3% Global Equities 3.03% 5.3% TIPS* 2.76% …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… 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/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnDiNapoli: State Pension Fund Releases Annual Investment Return
… The Fund's value reflects retirement and death benefits of $14.7 billion paid out during the fiscal year. Employer … assumptions, including wage growth, inflation, age of retirement and mortality. Integral to the Fund’s strength … which consistently pay their contributions. As of March 31, 2023, the Fund had 44.14% of its assets invested …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnTown of Hartwick – Financial Condition (2013M-118)
… Board properly monitored the Town’s financial operations for the period January 1, 2012, to March 8, 2013. Background … who governs the Town. The Town’s budgeted appropriations for the 2013 fiscal year are $657,386 for the general fund, $755,306 for the highway fund, $155,794 …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-hartwick-financial-condition-2013m-118DiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… Common Retirement Fund’s investment return was 11.55% for the state fiscal year that ended March 31, 2024. The Fund … historic value and rate of return in prior years Return for the third quarter Return for 2023 … State Common Retirement Funds investment return was 1155 for the state fiscal year that ended March 31 2024 …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24Review of Advance Contract Payments
… contracts. Background Our office examined certain advance payments made pursuant to grant contracts or agreements … received only an initial advance payment. These payments totaled $56,000 and all the contracts expired on or … a policy for new contracts of only sending advance payments when requested by contractor. …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsTown of Big Flats – Financial Management (2013M-170)
… January 1, 2010, to May 1, 2013. Background The Town of Big Flats is located in Chemung County and has a population … Town of Big Flats Financial Management 2013M170 …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-big-flats-financial-management-2013m-170Monroe County - Financial Condition (2018M-179)
Determine whether the Legislature and County officials effectively managed the Countys financial condition
https://www.osc.ny.gov/local-government/audits/county/2018/12/07/monroe-county-financial-condition-2018m-179