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NYS Common Retirement Fund Announces Second Quarter Results
… bank actions that triggered broad market volatility in the international markets. The Fund’s value was $176.8 billion as … in publicly traded domestic equities and 16.9 percent in international public equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2014/11/nys-common-retirement-fund-announces-second-quarter-resultsOpinion 92-13
… terms of several elective town offices) PUBLIC OFFICERS AND EMPLOYEES -- Terms of Office (change in terms of town … the terms of office of town councilmen, the town clerk and the town supervisor from two to four years does not … terms of office of the town supervisor, town councilmen and town clerk to four years. Town Law, §24 provides …
https://www.osc.ny.gov/legal-opinions/opinion-92-13Mid Island Therapy Associates, LLC – Compliance With the Reimbursable Cost Manual
… other programs, a preschool Special Education Itinerant Teacher (SEIT) program to disabled children between the ages …
https://www.osc.ny.gov/state-agencies/audits/2015/12/31/mid-island-therapy-associates-llc-compliance-reimbursable-cost-manualJefferson County Probation Department – Restitution Payments (S9-20-10)
… the court when a probationer violated the court order and disbursed victim restitution payments promptly and appropriately. Key Findings Department officials did not … entitled. Officials did not establish adequate policies and procedures to enforce and monitor restitution …
https://www.osc.ny.gov/local-government/audits/county/2021/12/14/jefferson-county-probation-department-restitution-payments-s9-20-10Wyoming County Probation Department – Restitution Payments (S9-20-4)
… Department (Department) officials enforced restitution orders, notified the court when a probationer violated the … officials did not always properly enforce restitution orders, notify the court when a probationer violated the … monitor restitution obligations. Six of the 24 restitution orders reviewed had uncollected restitution totaling $1,946. …
https://www.osc.ny.gov/local-government/audits/county/2021/12/14/wyoming-county-probation-department-restitution-payments-s9-20-4Horseheads Central School District – Network Access Controls (2021M-127)
… formal policies or procedures to add or disable user accounts. As a result, there were 230 inactive user accounts, of which 138 were unneeded, and there were an excessive number of generic accounts. Did not provide IT security awareness training to …
https://www.osc.ny.gov/local-government/audits/school-district/2021/11/12/horseheads-central-school-district-network-access-controls-2021m-127Whitesboro Central School District – Separation Payments (2020M-146)
… agreements. Key Findings Separation payments made to seven of 10 employees tested were generally supported and … contracts. District officials generally agreed with our recommendations and initiated or plan to initiate corrective action. Appendix B includes our comment on an issue raised in the District’s response …
https://www.osc.ny.gov/local-government/audits/school-district/2021/03/05/whitesboro-central-school-district-separation-payments-2020m-146Saratoga Springs City School District – Procurement (2023M-25)
… District (District) officials procured goods and services according to Board of Education (Board) policies and … officials did not always procure goods and services according to policy requirements or maintain adequate … others use his signature. Except as specified in Appendix A, District officials generally agreed with our …
https://www.osc.ny.gov/local-government/audits/school-district/2023/09/15/saratoga-springs-city-school-district-procurement-2023m-25Orchard Park Central School District - Financial Management and Payroll (2018M-89)
… fund balance, the Board increased the tax levy by a total of $4.4 million from 2014-15 to 2017-18. Three teachers were … District officials disagreed with certain aspects of our findings and recommendations, but indicated they …
https://www.osc.ny.gov/local-government/audits/school-district/2018/08/17/orchard-park-central-school-district-financial-management-and-payrollDiNapoli: Former Assemblyman William Scarborough Sentenced On Fraud and Theft Convictions
… Scarborough, 69, of Queens, New York, was sentenced today to 13 months in prison and two years of supervised release … also ordered that Scarborough pay $54,355 in restitution to New York State and forfeit the same amount to the United States. Scarborough pleaded guilty on May 7, …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-former-assemblyman-william-scarborough-sentenced-fraud-and-theft-convictionsDiNapoli: Wall St. on Track for Higher Profits
… 4,500 in 2015, but job growth has slowed in 2016. Since March 2016, the industry has begun to shed jobs. In August … estimates that 1 in 10 jobs in New York City and 1 in 16 jobs in New York state are either directly or indirectly … associated with the securities industry; In 2015, 23 percent of securities industry workers in New York City …
https://www.osc.ny.gov/press/releases/2016/10/dinapoli-wall-st-track-higher-profitsOpinion 2006-1
… to certify as prerequisite to payment) PUBLIC OFFICERS AND EMPLOYEES -- Compensation (payment of prior to completion … ( id .). We note that section 10 of the Municipal Home Rule Law authorizes towns to adopt local laws, not … welfare of its officers and employees. Further, Municipal Home Rule Law § 10(1)(ii)(d)(3) authorizes towns to supersede …
https://www.osc.ny.gov/legal-opinions/opinion-2006-1Opinion 96 - 14
… COLLEGES -- Conflicts of Interest (purchases from hardware store owned by college trustee) CONFLICTS OF INTEREST -- … and Sales (community college purchasing from hardware store owned by college trustee) EDUCATION LAW, §6304(6); … year, the college purchases supplies from a hardware store owned by the trustee and the sum of the purchases plus …
https://www.osc.ny.gov/legal-opinions/opinion-96-14DiNapoli: State Missing Nearly $2.4 Million in Uncollected Tolls
… improve the collection of unpaid tolls, which is needed to help maintain and repair New York City's bridges, tunnels and … "unbillable" because either the license plates captured on camera cannot be traced or are not legible. The audit, which …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-state-missing-nearly-24-million-uncollected-tollsBeacon City School District -- Budget Review (B6-15-4)
… Purpose of Budget Review The purpose of our budget review was to … fiscal year. Key Findings Based on the results of our limited review, we found the significant revenue and …
https://www.osc.ny.gov/local-government/audits/school-district/2015/04/08/beacon-city-school-district-budget-review-b6-15-4Schroon Lake Central School District – Financial Condition (2014M-145)
… our audit was to review the District’s financial condition for the period July 1, 2010 through July 31, 2013. Background The Schroon Lake Central School District is located in the Towns of Schroon Lake and North Hudson in Essex County and the Town of Chester in …
https://www.osc.ny.gov/local-government/audits/school-district/2015/02/20/schroon-lake-central-school-district-financial-condition-2014m-145Brookhaven-Comsewogue Union Free School District - Extra-Classroom Activity Funds (2021M-181)
… as ECA clubs. Ensure that each club maintained a separate set of records from those of the central treasurers. … the other officers. Ensure that a separate and independent set of records of receipts and disbursements be maintained by …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/17/brookhaven-comsewogue-union-free-school-district-extra-classroom-activityDivorce – Regional State Park Police Plan
… The New York State Court of Appeals has determined that …
https://www.osc.ny.gov/retirement/publications/1867/divorceDiNapoli: New York City's Tech Sector Is Booming
… the fastest growing in the nation, adding more than 57,000 jobs since the Great Recession, according to a report … since 2010 and has become a large source of high-paying jobs while also creating new opportunities for workers with … to the opportunities in tech," said de Blasio. "Today's jobs report demonstrates just how critical diversity is to …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-new-york-citys-tech-sector-boomingOpinion 89-64
… Loans (consideration paid for the purchase of property) REAL PROPERTY -- Acquisition Generally (consideration paid) … LAW, §247; VILLAGE LAW, §1-102(1): When purchasing real property, a village board of trustees has a fiduciary … obtain two appraisals for substantial purchases of real estate, we recognize that there will be circumstances where …
https://www.osc.ny.gov/legal-opinions/opinion-89-64