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Opinion 94-11
… of a fire district generally may not expend district funds in connection with a celebration of the district fire … anniversary. The district may, however, expend funds pursuant to Town Law, §176-d if the anniversary … commissioners of a fire district may expend fire district funds in connection with a celebration of the district fire …
https://www.osc.ny.gov/legal-opinions/opinion-94-11DiNapoli: State Pension Fund Value $178.1 Billion
… 4.00 and 13.14 percent, respectively. Absolute return strategies were challenged during the year and a portfolio … Equities -3.61% 4.6% TIPS** 2.26% 3.6% Absolute Return Strategies -4.78% 3.4% Cash 0.88% 2.5% Non-Core Fixed Income …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billionNYS Common Retirement Fund Reports Estimated First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the … holdings have helped make it one of the best-funded public pension funds in the nation and it remains well-positioned to weather …
https://www.osc.ny.gov/press/releases/2022/08/nys-common-retirement-fund-reports-estimated-first-quarter-resultsDiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… state pension fund rode the market rebound from the depths of the pandemic and enjoyed the largest one-year investment … 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/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyOvertime and Other Time and Attendance Matters Found in the Use of Certain Federal Funds
… Purpose To determine if the Metro-North Railroad (Metro-North) used American Recovery … of overtime. Ensure the most efficient practices are in place and government funds are not wasted by paying …
https://www.osc.ny.gov/state-agencies/audits/2014/01/24/overtime-and-other-time-and-attendance-matters-found-use-certain-federal-funds-0Dutchess County – Financial Condition (2013M-370)
… $2.8 million to subsidize two enterprise funds in the 2014 proposed budget. Key Recommendation The …
https://www.osc.ny.gov/local-government/audits/county/2014/03/14/dutchess-county-financial-condition-2013m-370Town of Dayton – Financial Condition (2013M-90)
… members. Budgeted appropriations for the Town’s four major funds for the 2012 fiscal year totaled approximately … a deficit and the general and highway town-outside-village funds have unexpended surplus funds that are excessive. Key Recommendations Correct the …
https://www.osc.ny.gov/local-government/audits/town/2013/08/14/town-dayton-financial-condition-2013m-90Town of Indian Lake – Reserves and Justice Court Operations (2014M-330)
… to review the establishment and use of the Town’s reserve funds and to examine internal controls over the Town’s … Findings The Board did not properly establish 14 reserve funds and did not make reserve fund expenditures in … Refund moneys in the non-legally established reserve funds to the operating funds that funded the reserves and …
https://www.osc.ny.gov/local-government/audits/justice-court/2015/03/06/town-indian-lake-reserves-and-justice-court-operations-2014m-330Delaware Academy Central School District at Delhi – Fund Balances (2016M-36)
… The Delaware Academy Central School District at Delhi is located in the Towns of Andes, Bovina, Delhi, Franklin, … operates two schools with approximately 750 students, is governed by an elected seven-member Board of Education. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/10/delaware-academy-central-school-district-delhi-fund-balances-2016m-36DiNapoli: $1 Million in License Plate Contributions Sit Unused by State
… the money generated through distinctive license plates and a license application check-off box to support New York’s … state has failed to spend the money New Yorkers have given for worthy or lifesaving causes.” In 2014, DiNapoli released … years. Contributions then jumped to more than $124,000 when the $1 license application check-off box was instituted …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-1-million-license-plate-contributions-sit-unused-stateExtra-Classroom Activity (2015-MR-5)
… charges of a board of education (Board), for, by or in the name of a school, student body or any subdivision …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/17/extra-classroom-activity-2015-mr-5Holley Central School District – Financial Condition (2013M-342
… Purpose of Audit The purpose of our audit was to examine the … in operating surpluses, which caused unexpended surplus funds to significantly exceed the statutory limit each year. … either use it to pay related debt, if required to do so by statute, or return the moneys to the general fund. Properly …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/holley-central-school-district-financial-condition-2013m-342DiNapoli Releases Report on Tax Check-Off Donations
… remained in the funds as of the end of state fiscal year 2016-17. "Each year, thousands of New Yorkers support important causes … to use, requiring that donations be disbursed within the year they are received to the extent possible. The …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-releases-report-tax-check-off-donationsDiNapoli Praises NYC Comptroller Stringer's City Pension Fund Reforms
… York City's public pension funds. His multi-faceted plan to protect the city's public pension funds will do much to ensure the funds operate with greater transparency and …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-praises-nyc-comptroller-stringers-city-pension-fund-reformsWest Islip Union Free School District – Financial Management (2022M-40)
Determine whether the West Islip Union Free School Districts District Board of Education Board reasonably and transparently managed fund balance and reserves
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/08/west-islip-union-free-school-district-financial-management-2022m-40Town of Bennington - Financial Management (2019M-249)
… and did not properly monitor spending during the year. The highway fund had deficit fund balances during our …
https://www.osc.ny.gov/local-government/audits/town/2020/03/13/town-bennington-financial-management-2019m-249Village of Scotia - Parking Tickets and Justice Court Operations (2019M-44)
… as of July 31, 2018. The Clerk used her discretion to forgive late fees totaling $5,110 on 184 (or 78 percent) … agreed with our recommendations and indicated they planned to initiate corrective action. … Determine whether Village …
https://www.osc.ny.gov/local-government/audits/justice-court/2019/06/07/village-scotia-parking-tickets-and-justice-court-operations-2019m-44XIV.3.A Overview – XIV. Special Procedures
… Overview Pursuant to the State Finance Law, §98, the State Comptroller shall invest and keep … municipalities, and other political subdivisions on deposit in the State’s General Checking Account (GCA). The … of legislative changes on interest received in current and new funds of the State. Guide to Financial Operations REV. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3a-overviewDiNapoli: State Pension Fund Value $206.9 Billion
… New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) earned an … Equities 17.49% 5.3% TIPS** 1.25% 3.9% Absolute Return Strategies 5.90% 2.7% Cash 1.71% 0.9% Non-Core Fixed Income …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-state-pension-fund-value-2069-billionCity of Amsterdam - Budget Review (B21-5-5)
… [ read complete report - pdf ] Purpose The purpose of our budget review was to provide an independent evaluation of the City’s proposed budget for 2021-22. Background Chapter 531 of the Laws of 2019 … the next succeeding fiscal year. Key Findings Based on the results of our review, we found that certain significant …
https://www.osc.ny.gov/local-government/audits/city/2021/05/07/city-amsterdam-budget-review-b21-5-5