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NYS Common Retirement Fund Reports Second Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2020-21 was 6.24 percent for … Sept. 30, 2020, and ended the quarter with an estimated value of $226.4 billion, according to New York State …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsOpinion 88-78
… that bear on the issues discussed in the opinion. POLICE AND POLICE PROTECTION -- Contract for (additional protection by … -- Financing (exemption of village from town tax for town police services) -- Police Chief (necessity for in village) … pending proposals in connection with the provision of police services in a village and a town …
https://www.osc.ny.gov/legal-opinions/opinion-88-78Town of Deerpark – Budget Review (B17-6-17)
… five years, from $898,669 to $1,459,107 (62 percent). This is a result of overestimating expenditures and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/10/town-deerpark-budget-review-b17-6-17Cohoes City School District – Budgeting (2016M-111)
… fund one-time expenditures, fund needed reserves or reduce property taxes. Adopt realistic budgeted appropriations to ensure that the tax levy is not higher than required. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/29/cohoes-city-school-district-budgeting-2016m-111Campbell-Savona Central School District – Budget Review (B2-13-12)
… The District’s tentative budget complies with the property tax levy limit. Key Recommendation Review the tentative …
https://www.osc.ny.gov/local-government/audits/school-district/2013/04/24/campbell-savona-central-school-district-budget-review-b2-13-12Fonda-Fultonville Central School District – Reserves Management (2021M-157)
… not properly fund, use or manage reserve funds according to applicable laws or best practices. The Board did not: Define the financial … reserve fund use and replenishment. Obtain voter approval to liquidate the liability reserve or fund the repair …
https://www.osc.ny.gov/local-government/audits/school-district/2022/02/04/fonda-fultonville-central-school-district-reserves-management-2021m-157Village of Hewlett Bay Park – Financial Management (2022M-30)
… For example, about $6,000 was needed to balance the budget in 2020-21; however, the property tax levy was $209,000. For … an excessive level of unassigned surplus fund balance in the general fund. Balances ranged between $273,348 and …
https://www.osc.ny.gov/local-government/audits/village/2022/06/17/village-hewlett-bay-park-financial-management-2022m-30York Central School District - School District Website (S9-19-35)
… documents to make informed decisions. Officials did not post the: Final annual budget. Budget information – with … decisions. Key Recommendations District officials must post required information to the District website: Final …
https://www.osc.ny.gov/local-government/audits/school-district/2021/03/23/york-central-school-district-school-district-website-s9-19-35South Butler Fire District – Board Oversight of Financial Operations (2020M-155)
… policies. As a result: The Treasurer lacked guidance to adequately perform financial duties and thus: did not … Officials could not demonstrate the District obtained the best available prices on purchases we reviewed. The Board … and real property tax levies were higher than needed to fund operations. Key Recommendations Adopt adequate …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/04/30/south-butler-fire-district-board-oversight-financial-operations-2020m-155Gates-Chili Central School District - Financial Management (2019M-53)
… more than $12 million in unbudgeted year-end transfers to capital projects and reserves, overstating encumbrances by … over the last three years despite having sufficient funds to finance the District’s increased costs. Key … of our findings and recommendations but indicated they have begun to implement corrective action. Appendix B …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/gates-chili-central-school-district-financial-management-2019m-53Conesus No. 1 Fire District – Internal Controls (2014M-46)
… Background The Conesus No. 1 Fire District is located in Livingston County and is governed by the Board of Fire …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/05/16/conesus-no-1-fire-district-internal-controls-2014m-46Opinion 96-22
… or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Capital Reserve Fund … and tax stabilization reserve fund); (use of moneys in fund following abandonment of purpose for which fund … established) GENERAL MUNICIPAL LAW, §6-c(9), (9-a): Moneys in a capital reserve fund may not be transferred to a …
https://www.osc.ny.gov/legal-opinions/opinion-96-22State Comptroller DiNapoli Releases Municipal Audits
… Housing Authority , Eggertsville Fire District , Mastic Beach Fire District , Town of Moira , Town of Oxford and the … reported and that district money is safeguarded. Mastic Beach Fire District – Cash Disbursements (Suffolk County) The … Housing Authority Eggertsville Fire District Mastic Beach Fire District Town of Moira Town of Oxford and the Town …
https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-releases-municipal-audits-1City of Yonkers – Budget Review (B23-6-5)
… the significant revenue and expenditure projections in the City’s proposed budget for the 2023-24 fiscal year are reasonable. Background The City of Yonkers is authorized to issue debt not to exceed $45 … when these contracts are settled. Likely underestimates charter school tuition payments by approximately $$687,000 …
https://www.osc.ny.gov/local-government/audits/city/2023/05/16/city-yonkers-budget-review-b23-6-5DiNapoli: NYC Contract Spending Rises $7 Billion Since FY 2019
… (excluding capital projects) has grown significantly in recent years, rising to $24.3 billion in fiscal year (FY) 2023, an increase of nearly $7 billion … share (41%) of total citywide operating spending growth in this period, according to a report released today by State …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-nyc-contract-spending-rises-7-billion-fy-2019Comptroller DiNapoli Releases Municipal Audits
… appropriate controls over the authorization and payment of overtime. The board did not implement policies or …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-releases-municipal-audits-0Distribution of Utility Arrears in New York State
… impact of the devastating job losses incurred during the early months of the COVID-19 pandemic is a significant … impact of the devastating job losses incurred during the early months of the COVID19 pandemic is a significant …
https://www.osc.ny.gov/reports/distribution-utility-arrears-new-york-stateDiNapoli Releases Economic Report on the Bronx
… DiNapoli. As DiNapoli’s report details, prior to the start of the pandemic, the Bronx was on an upward trajectory, with steady economic and population growth after years of economic decline. The pandemic, however, has stalled … 5.4 percent in the first three months of 2020, then shot up to a peak of 24.6 percent in May 2020, before …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-releases-economic-report-bronxMuseum or Military Abandoned Property
… Instructions for reporting these items to the Office of Unclaimed Funds can be found in the Handbook for Reporters of Unclaimed Funds . If you have questions about items on the …
https://www.osc.ny.gov/unclaimed-funds/claimants/museum-or-military-abandoned-propertyAbandoned Property; Technical Cleanup Proposal
… variety of technical amendments to the abandoned property law. Memo Bill Text Status … variety of technical amendments to the abandoned property law …
https://www.osc.ny.gov/legislation/abandoned-property-technical-cleanup-proposal