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Monterey Fire Company, Inc. – Misappropriation of Funds (2013M-17)
… has approximately 40 members. The Company is governed by its Constitution and bylaws. The officers of the Company … to initiate non-Company transactions without detection by making purchases with the Company’s bank debit card and on the Company’s credit with vendors. The Treasurer also …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/03/27/monterey-fire-company-inc-misappropriation-funds-2013m-17Village of Chatham – Internal Controls Over Selected Financial Activities (2013M-132)
… activities, including the Village’s online banking, for the period June 1, 2011, to September 26, 2012. … of the days or hours worked, such as calendars and logs, for four salaried employees, and timesheets for two part-time employees were not signed by their …
https://www.osc.ny.gov/local-government/audits/village/2013/08/23/village-chatham-internal-controls-over-selected-financial-activities-2013m-132Wyoming County Industrial Development Agency – Project Management (2015M-62)
… New York State General Municipal Law. The IDA is governed by a Board of seven members who are appointed by the County Board of Supervisors. For our audit period, the … and procedures critical to project evaluation criteria on which to base project approval decisions; review and …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2015/09/11/wyoming-county-industrial-development-agency-projectRensselaer City School District – Internal Controls Over Extra-Classroom Activity Funds (2013M-153)
… recordkeeping of the activity fund or for closing inactive clubs. The District has an internal auditor who provides … poor recordkeeping and the failure to close inactive clubs. The District did not take action to correct these … procedures for record keeping, closing out inactive clubs and disposing of the related moneys. Ensure the central …
https://www.osc.ny.gov/local-government/audits/school-district/2013/09/06/rensselaer-city-school-district-internal-controls-over-extra-classroomVillage of Endicott -- Budget Review (B17-4-7)
… Purpose of Audit The purpose of our budget review was to provide an independent evaluation of the Village's tentative budget for the 2017-18 fiscal … Village of Endicott Budget Review B1747 …
https://www.osc.ny.gov/local-government/audits/village/2017/04/14/village-endicott-budget-review-b17-4-7Town of Prattsville – Justice Court (2012M-243)
… all moneys received into the Court’s accounting system. Justice Blain had unidentified funds totaling $1,848 in his … or closed case files, fines or fees, or bail moneys; and Justice Olson had a cash shortage totaling $852 which had not … amount of calculated cash surplus and shortage amounts. Justice Blain should remit all unidentified moneys to the …
https://www.osc.ny.gov/local-government/audits/town/2013/03/01/town-prattsville-justice-court-2012m-243Town of Bangor – Board Oversight (2012M-193)
… audit was to review the internal controls over selected Town operations for the period January 1, 2011, to May 31, 2012. Background The Town of Bangor is located in Franklin County and has approximately 2,220 residents. The Town is governed by an elected five-member Town Board …
https://www.osc.ny.gov/local-government/audits/town/2013/02/01/town-bangor-board-oversight-2012m-193Town of Hopewell – Fund Balance and Budget Monitoring (2013M-231)
… is located in Ontario County. The Town is governed by the Town Board, which comprises four elected members and … allowing the Town’s 2013 budget to exceed the tax cap by $25,403, or approximately 5 percent. Key Recommendations … The Board should review budget-to-actual reports on a monthly basis and use them to monitor current-year …
https://www.osc.ny.gov/local-government/audits/town/2014/01/10/town-hopewell-fund-balance-and-budget-monitoring-2013m-231DiNapoli: State Pension Fund Releases Annual Investment Return
… but the state pension fund is well positioned to weather these storms.” The Fund's value reflects retirement …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnDiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy
… Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State Common Retirement Fund’s (Fund) request that they increase the use of renewable energy in their operations and supply chain. “More Fortune 500 companies are shifting to renewable energy, not just because it helps reduce …
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energyDiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… value of $267.7 billion. “Strong performances across asset classes helped drive the state pension fund’s … rates are determined by investment results over a multi-year period along with numerous other actuarial … in publicly traded equities. The remaining Fund assets by allocation are invested in cash, bonds and mortgages …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24NYS Common Retirement Fund Announces Second Quarter Results
… 2017, with an estimated value of $201.3 billion, according to New York State Comptroller Thomas P. DiNapoli. "I am pleased to report that the Fund has reached the $200 billion … fiscal year," DiNapoli said. "The Fund's value continued to rise with equities markets this year, but more …
https://www.osc.ny.gov/press/releases/2017/11/nys-common-retirement-fund-announces-second-quarter-resultsState Comptroller DiNapoli Releases Municipal Audits
… not properly record dates of collections for clerk fees on 21 of 29 daily collections totaling $438 (64%). The clerk … required. Bank reconciliations were not always performed by the bookkeeper and were not reviewed by the supervisor. In addition, monthly financial reports …
https://www.osc.ny.gov/press/releases/2021/08/state-comptroller-dinapoli-releases-municipal-audits-0State Agencies Bulletin No. 266
… Purpose To explain the General Checking Account bank change from Key Bank to Fleet Bank Affected Employees All … check currently issued from Key Bank are affected. This change does not include State Insurance Fund employees. … payrolls and Thursdays for Institution payrolls. The change in depository bank does not affect this policy. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/266-bank-account-change-new-york-state-employee-payroll-checksIV.4.F Capital Projects – IV. Accounting Codes - Uses and Descriptions
… one did not previously exist. For example, adding a new wing to an existing building adds square footage to the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv4f-capital-projectsState Comptroller DiNapoli Releases Municipal Audits
… oversight to ensure financial activity is properly recorded and district money is safeguarded. The district, … that timesheets did not have employees' signatures or show actual hours worked. Payroll records for the Department … account for attraction tickets purchased in bulk and sold at a discount to cardholders. The library's account clerk …
https://www.osc.ny.gov/press/releases/2018/01/state-comptroller-dinapoli-releases-municipal-auditsOpinion 2010-4
… or statutory amendments that bear on the issues discussed in the opinion. AMBULANCE SERVICE -- Contracts (by fire … §§ 122-b (5), 209-b (3-a) (a): A fire district that has in its fire department an emergency first aid and rescue … squad to contract with "ambulance services," as defined in Public Health Law § 3001 (2) and (3), to provide services …
https://www.osc.ny.gov/legal-opinions/opinion-2010-4State Agencies Bulletin No. 2322
… processing of the April 2025 increases to Location Pay and Location Mid-Hudson pay, Facility Security Pay, Hazardous Duty Pay, Expanded Duty … processing of the April 2025 increases to Location Pay and Location MidHudson pay Facility Security Pay …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2322-april-2025-increases-location-pay-and-location-mid-hudson-pay-facilityDiNapoli: DEC Needs to Improve Efforts to Control Invasive Species
… each year, 80 percent of which affects commercial and sport fishing. Controlling the spread of an established … 170,000 contracts, billions in state payments and public authority data. Visit the Reading Room for contract FOIL …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-dec-needs-improve-efforts-control-invasive-speciesMedicaid Audits Find More Than $500 Million in Waste
… costs billions of dollars annually and the work done by my auditors has found waste throughout the system. My office will continue to diligently examine Medicaid … funding alone for the Medicaid program is projected to account for $22.4 billion. While the Department of Health …
https://www.osc.ny.gov/press/releases/2015/04/medicaid-audits-find-more-500-million-waste