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Child Care and Development Block Grant – Federal Funding and New York
… child care assistance to low-income working families. Funds are provided to the state, which then distributes … and have family assets that do not exceed $1 million. Funds to New York City As of the City’s latest projections … Children’s Services (ACS) with about $125 million of those funds allocated to Department of Education (DOE). A small …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/child-care-and-development-block-grantBurnt Hills-Ballston Lake Central School District – Employee Benefit Plan Forfeited Funds (2023M-88)
audit, school, burnt hills-ballston lake
https://www.osc.ny.gov/files/local-government/audits/2023/pdf/burnt-hills-ballston-lake-central-school-district-2023-88.pdfAs Personal Income Tax Checkoffs Increase in Number, Disbursements Lag for Most Funds
Of the 42 states that impose a personal income tax, nearly all allow taxpayers to make charitable contributions through checkoffs on their personal income tax (PIT) returns.
https://www.osc.ny.gov/files/reports/pdf/tax-checkoffs-2024.pdfClinton-Essex-Warren-Washington Board of Cooperative Education Services – Employee Benefit Plan Forfeited Funds (2022M-31)
Determine whether Clinton-Essex-Warren-Washington BOCES officials ensured the third-party administrator returned forfeited funds from the health flexible spending arrangement, dependent care assistance program and health reimbursement arrangement in a timely manner.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/ceww-boces-2022m-31.pdfDiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing
… has been slow when it comes to using some federal relief funds earmarked to alleviate the state’s affordable housing … and its local program administrators, the distribution of funds has been delayed, putting some of the funding at risk. … Because there is a deadline on using federal COVID-19 funds, delays in allocating it to specific housing projects …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housingThe Big Picture – What Every Employer Should Know
… Fund (Fund) come from three main sources of incoming funds: investment income, employee or member contributions … Fund’s assets and compare the value of those assets to the funds needed to pay current and future benefits. The …
https://www.osc.ny.gov/retirement/employers/partnership/big-pictureLaFayette Central School District – Reserves (2013M-387)
… $19.4 million. Key Findings Four of the five reserve funds in the District were not formally established. However, since the Board funded these reserve funds over multiple fiscal years, they can be considered de facto reserve funds. The District did not have a plan for funding several …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/07/lafayette-central-school-district-reserves-2013m-387City of Saratoga Springs – Financial Condition (2012M-201)
… operations. The City’s annual budget for the 2012 fiscal year was $37.2 million for the general fund, $2.9 million for … on December 31, 2011. As of October 31, 2012, the fiscal year 2012 general fund budget of $37.2 million appears on … to remain in a deficit. As of October 31, 2012, the fiscal year 2012 water budget of $2.97 million and sewer budget of …
https://www.osc.ny.gov/local-government/audits/city/2013/02/15/city-saratoga-springs-financial-condition-2012m-201DiNapoli Releases Mid-Year State Cash Report and Review
… of $34.2 billion through the first half of the fiscal year were nearly $610 million higher than projected and the … according to the state monthly cash report and a mid-year report on revenue trends, released today by New York … spending, the General Fund ended the first half of the year $515.8 million above updated projections. "Midway …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-releases-mid-year-state-cash-report-and-reviewGorham-Middlesex Central School District – Multiyear Planning (2016M-177)
… Board of Education. Budgeted appropriations for the 2015-16 fiscal year totaled approximately $31.46 million. Key Findings … regarding the anticipated use of reserve funds for a five-year period but this plan does not include information …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/29/gorham-middlesex-central-school-district-multiyear-planning-2016m-177XIV.3.C Distribution of STIP Investment Earnings – XIV. Special Procedures
… or are appropriated.” Temporary Loans and Agency Requests for Interest Earnings Each year the Enacted Budget includes new authorization for temporary loans in specific funds listed in Article VII … the state department or division responsible for such fund/account within thirty days of the beginning of each fiscal …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3c-distribution-stip-investment-earningsMonroe County - Financial Condition (2018M-179)
… Findings The County’s financial position has been strained for several years. Its combined funds’ 1 available fund …
https://www.osc.ny.gov/local-government/audits/county/2018/12/07/monroe-county-financial-condition-2018m-179Town of Parish - Financial Condition and Supervisor's Records (2019M-58)
Determine whether the Board adequately managed the Towns financial condition and received accurate financial reports to help it do so
https://www.osc.ny.gov/local-government/audits/town/2019/05/29/town-parish-financial-condition-and-supervisors-records-2019m-58Town of Big Flats – Financial Management (2013M-170)
… The Town of Big Flats is located in Chemung County and has a population of approximately 7,700. The Town is … Town Board (Board) consisting of the Town Supervisor and four Board members. The Town’s 2013 budgeted … reports from the Supervisor, it did not develop and adopt accurate budgets that were based on realistic …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-big-flats-financial-management-2013m-170Review of Advance Contract Payments
… contract nor did SED know whether the contractors owed a refund of unspent funds to the State. Key Recommendations …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsDiNapoli Announces State Pension Fund's 2024 Corporate Governance Stewardship Priorities
… DiNapoli announced that the Fund has sent them to its top 100 public equity holdings to ensure their awareness of these …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-announces-state-pension-funds-2024-corporate-governance-stewardship-prioritiesState Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future
… investments are key to our future,” DiNapoli said. “Our pension fund has long-supported climate aware strategies, and … from the Fund’s existing index holdings. “Forward-thinking pension funds like the New York State Common Retirement Fund … retirement security of its more than one million members, retirees and beneficiaries from more than 3,000 state and …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-dinapoli-positions-new-york-pension-fund-low-carbon-futureTown of Hartwick – Financial Condition (2013M-118)
… Purpose of Audit The purpose of our audit was to ensure that the Board properly monitored the Town’s … financial operations for the period January 1, 2012, to March 8, 2013. Background The Town of Hartwick is located … from the general fund and appropriations of fund balance to finance operations in the highway and fire protection …
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
… 31, 2024. The Fund closed the year with an estimated value of $267.7 billion. “Strong performances across asset classes … paid out during the fiscal year. Employer contribution rates are determined by investment results over a multi-year … along with numerous other actuarial assumptions, including wage growth, inflation, age of retirement, and mortality. …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24DiNapoli: 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 contribution rates are determined by investment results over a multi-year … along with numerous other actuarial assumptions, including wage growth, inflation, age of retirement and mortality. …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-return