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Elba Central School District – Financial Condition (2013M-240)
… in operating surpluses, which caused unexpended surplus funds to exceed statutory limits in each of the past five … For example, as of June 30, 2013, unexpended surplus funds exceeded statutory limits by $949,184. Although … surplus fund balance and the excess amounts in reserve funds in a manner that benefits District taxpayers. Review …
https://www.osc.ny.gov/local-government/audits/school-district/2013/10/25/elba-central-school-district-financial-condition-2013m-240Hammond Central School District – Financial Management (2024M-70)
… officials properly managed fund balance and reserve funds. Key Findings The Board and District officials did … properly manage the District’s fund balance and reserve funds. As a result, they levied more taxes than needed to … Did not follow legal requirements when they used reserves funds totaling $1.6 million. In addition, they exceeded the …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/11/hammond-central-school-district-financial-management-2024m-70City of Amsterdam – Budget Review (B23-5-4)
… the City’s general, transportation, sewer and recreation funds accumulated as of June 30, 2018. Local Finance Law … The proposed budgets for the general and recreation funds are not structurally balanced because they include subsidies from other funds to finance their operations. The proposed budget …
https://www.osc.ny.gov/local-government/audits/city/2023/05/05/city-amsterdam-budget-review-b23-5-4State Pension Fund Adds $30 Million for Investments in New York Companies
… million in returns from 71 exited companies, I am proud of how well the In-State Program is performing. As trustee of …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesNYS Common Retirement Fund Reports Third Quarter Results
… the nation. The Fund's fiscal year ends March 31. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli: State Pension Fund Value $192 Billion
… P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) earned an estimated 11.42 percent … pension plans in the nation and that’s great news for the more than one million men and women who participate … actuarial assumptions, including wage growth, inflation, age of retirement and mortality. The Fund’s long-term …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… for long-term, steady returns helps ensure our state’s pension fund will continue to be one of the nation’s … marks the fourth time that DiNapoli has lowered the state pension fund’s assumed rate of return as economic and … 6.8%. The median assumed rate of return among state public pension funds is 7.0% as of August 2021, according to the …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemIX.6.D HHS Payment Management System – IX. Federal Grants
… to the appropriate account(s) in PMS. In order to receive funds through PMS, each agency is required to register their … those state agencies that must receive permission to draw funds prior to submitting an actual drawdown request, OSC BSAO will draw funds after the agency receives permission and subsequently …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6d-hhs-payment-management-systemDiNapoli Releases Analysis of State Financial Plan
… After two years of extraordinary volatility in state finances, the State Fiscal Year (SFY) 2022-23 … footing. Making deposits to the rainy-day reserves on or ahead of schedule may help prevent disruptions in critical … the American Rescue Plan included $12.7 billion for New York state that may be used for a wide range of purposes, …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planDiNapoli Releases Review of Executive Budget
… has long cited the inadequate levels of state reserve funds as a significant fiscal concern. At the end of SFY … reserves to 15% of spending from State Operating Funds. The Executive Budget now proposes to set aside $11.8 … reserves, as well as planned deposits to the two rainy day funds through SFY 2024-25, which would increase reserve funds …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-releases-review-executive-budgetDiNapoli: January Tax Collections Fall Short
… million higher than initial projections in April 2014. All Funds receipts totaled $120.7 billion through January, $746.7 … were $117.5 million below the latest projections. All Funds spending of $112.2 billion through Jan. 31 was $264.7 … focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-january-tax-collections-fall-shortComptroller DiNapoli Releases State Audits
… a small business, are commingled with advance account funds prior to transfer to the state treasury. In addition, … Controls and Accountability of Court, Trust and Bail Funds (2013-N-1) The Finance Department could not accurately account for court, trust and bail funds. For example, Finance's Court Assets Tracking System …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-releases-state-auditsComptroller DiNapoli Releases Municipal Audits
… Assistant Treasurer admitted to stealing $4,100 in County funds from 2012 to 2017 and resigned from her position. In … The Court has a shortage of $370 and unidentified funds of $8,207. Town of Lloyd – Financial Condition (Ulster … overestimated expenditures in the general, water and sewer funds each year. The board’s budgeting practices resulted in …
https://www.osc.ny.gov/press/releases/2019/08/comptroller-dinapoli-releases-municipal-auditsDiNapoli: State Pension Fund Valued at $254.1 Billion at End of First Quarter
… Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-state-pension-fund-valued-2541-billion-end-first-quarterNYS Common Retirement Fund Announces First Quarter Results
… March 31, 2016. … The New York State Common Retirement Funds Fund overall return in the first quarter of the state …
https://www.osc.ny.gov/press/releases/2015/08/nys-common-retirement-fund-announces-first-quarter-resultsXIX.6.D Reporting – XIX. Project Costing (PCIP)
… budget, full project cost, and breakdown by federal funds and state funds, if a single Project ID is used. NYGR0210 – Spending … have two sections: Grant: Tracks and reports the federal funds related to the grant. Non-Federal: Tracks and reports …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix6d-reportingDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
State Comptroller Thomas P DiNapoli today announced that the New York State Common Retirement Fund reached a record estimated value of $1835 billion
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionGermantown Central School District – Financial Management (2013M-230)
… of taxpayer dollars without full disclosure of how these funds will be used. Key Recommendations Develop realistic … procedures related to the establishment and use of reserve funds. Review all reserves and determine if the amounts … manner. Develop a plan for the use of unexpended surplus funds and excess reserve funds identified in this report in a …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/17/germantown-central-school-district-financial-management-2013m-230Town of East Fishkill –Financial Condition (2014M-139)
Town of East Fishkill Financial Condition 2014M139
https://www.osc.ny.gov/local-government/audits/town/2014/08/08/town-east-fishkill-financial-condition-2014m-139DiNapoli: Former Treasurer of Frewsburg Central School District Pleads Guilty to Stealing Nearly $7,000 in School Funds
… Central School District, for stealing nearly $7,000 in funds raised by students to support their extra-classroom … attempted to conceal her theft by substituting the stolen funds with checks from the school district retirees’ health … things. Students raise and spend extra-classroom activity funds to promote the education and morale of all students and …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-former-treasurer-frewsburg-central-school-district-pleads-guilty-stealing-nearly-7000-school