Search
Lancaster Central School District – Financial Management (2022M-37)
… officials properly managed fund balance and reserve funds. Key Findings The Board and District officials did not properly manage fund balance and reserve funds. The Board and District officials: Did not implement … officials properly managed fund balance and reserve funds …
https://www.osc.ny.gov/local-government/audits/school-district/2022/08/05/lancaster-central-school-district-financial-management-2022m-37Hammond Central School District – Financial Management (2024M-70)
… the Hammond Central School District (District) Board of Education (Board) and District officials properly managed … budgetary appropriations by an annual average of $1.5 million from 2020-21 through 2022-23. This made it … whether the Hammond Central School District District Board of Education Board and District officials properly managed …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/11/hammond-central-school-district-financial-management-2024m-70Southampton Union Free School District – Financial Management (2024M-43)
… accounts in the annual budgets. Did not have support for the establishment of six reserves, overfunded two … Ensure adopted budgets include realistic estimates for revenues and appropriations. Ensure reserve fund balances … with statutory requirements. Except as noted in Appendix A, District officials generally agreed with our …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/18/southampton-union-free-school-district-financial-management-2024m-43DiNapoli Calls on Aetna to Disclose Corporate Political Spending
… of the New York State Common Retirement Fund, which holds 1,249,849 shares in Aetna, one of the largest insurance … in 2013 vote) Peabody Energy 2013 Dr Pepper Snapple Group Harley-Davidson Inc. KeyCorp Noble Energy Inc. PepsiCo …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-calls-aetna-disclose-corporate-political-spendingTown of Warwick - Water and Sewer Fund Financial Condition (2018M-259)
… funds’ financial condition to ensure the sustainability of current and future operations. Key Findings Four of the seven water districts experienced operating deficits … fund advances to finance operations, totaling $236,296 as of 2017. Fairgrounds Sewer District had a 2017 deficit fund …
https://www.osc.ny.gov/local-government/audits/town/2019/04/12/town-warwick-water-and-sewer-fund-financial-condition-2018m-259IX.6.D HHS Payment Management System – IX. Federal Grants
… The Department of Health and Human Services’ (HHS) Division of Payment Management uses a custom-developed Payment … are approved or rejected automatically based on the amount of available funds in non-expired status in the PMS account. … The Department of Health and Human Services HHS Division of Payment …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6d-hhs-payment-management-systemTown of Windsor – Capital Project (2025M-52)
… Town of Windsor (Town) Board (Board) properly manage its highway garage capital project (Project)? Audit Period March … that projects are properly planned, procured and managed, funding is appropriate and costs are kept within the approved … in 2022 at a total cost of $6.7 million. Audit Summary Although three Project construction contracts …
https://www.osc.ny.gov/local-government/audits/town/2025/08/29/town-windsor-capital-project-2025m-52Steuben County – Financial Management (2025M-127)
… Did Steuben County County officials effectively manage the Countys fund …
https://www.osc.ny.gov/local-government/audits/county/2025/12/31/steuben-county-financial-management-2025m-127DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… both of its systems – the Employees’ Retirement System (ERS) and Police and Fire Retirement System (PFRS). The … The estimated average employer contribution rate for ERS will be lowered from 16.2% to 11.6% of payroll. The … There are more than 3,000 participating employers in ERS and PFRS, and more than 300 different retirement plan …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli: State Pension Fund Value $192 Billion
… that ended on March 31, 2017. The Fund has an estimated value of $192 billion. “Strong returns over the fiscal year, … said. “New York state’s pension fund is at a record value based on prudent long term asset allocation. We …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionNYS Common Retirement Fund Reports Third Quarter Results
… New York State Common Retirement Fund’s (Fund) estimated return in the third quarter of the State Fiscal Year (SFY) … estate and real assets (8.0 percent) and credit, absolute return strategies and opportunistic alternatives (5.2 … accountability and transparency. Quarterly rates of return provide a snapshot of performance over three months …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsCity of Amsterdam – Budget Review (B23-5-4)
… report – pdf] Purpose The purpose of our budget review was to provide an independent evaluation of the City’s proposed … Chapter 531 of the Laws of 2019 authorizes the City to issue debt not to exceed $8.3 million to liquidate the … to submit to the State Comptroller each year, starting with the fiscal year during which the municipality is …
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
… has committed an additional $30 million to Primary Venture Partners to invest in state-based companies, New York State … state pension fund’s third commitment to Primary Venture Partners. "This new commitment to Primary Venture Partners for state-based investments will help grow the …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesGrand Island Central School District – Interfund Financial Activity (2016M-42)
… schools with approximately 2,980 students, is governed by an elected seven-member Board of Education. Budgeted …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/grand-island-central-school-district-interfund-financial-activity-2016mVillage of Potsdam – Financial Condition (2017M-61)
… 30, 2016. Background The Village of Potsdam is located in the Town of Potsdam in St Lawrence County and has a population of approximately … general fund’s unrestricted fund balance was relatively low, at approximately 4.5 percent of appropriations, as of …
https://www.osc.ny.gov/local-government/audits/village/2017/05/26/village-potsdam-financial-condition-2017m-61DiNapoli: Independent Review Finds State Pension Fund Operates at Highest Ethical and Professional Standards
… An independent fiduciary and conflict of interest review of the $291.4 billion New York State Common Retirement Fund (Fund) recognized the Fund for its exemplary investment oversight, risk … Released today by State Comptroller Thomas P. DiNapoli, the review concluded the Fund operates with the highest …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-independent-review-finds-state-pension-fund-operates-highest-ethical-and-professionalElba Central School District – Financial Condition (2013M-240)
… audit was to examine the District’s financial activities for the period July 1, 2011, to July 30, 2013. Background The Elba Central School District is located in the Towns of Batavia, Byron, Elba, Oakfield, … Stafford in Genesee County. The District is governed by a Board of Education, which comprises seven elected members. …
https://www.osc.ny.gov/local-government/audits/school-district/2013/10/25/elba-central-school-district-financial-condition-2013m-240DiNapoli: January Tax Collections Fall Short
… and use tax collections totaled $13 billion through Jan. 31, an increase of 1.9 percent from the previous year … projections. All Funds spending of $112.2 billion through Jan. 31 was $264.7 million lower than updated projections. …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-january-tax-collections-fall-shortComptroller DiNapoli Releases State Audits
… Over Cash Advance Accounts (2013-S-52) Auditors found that at one OCFS facility, cash receipts from a small café, which … Auditors found that at one OCFS facility cash receipts from a small café which is …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-releases-state-auditsIX.12.A Key Provisions – IX. Federal Grants
… must make timely grant awards and fund disbursements to states; States must draw federal funds in amounts necessary to fund only “actual immediate cash needs;” Federal cash … Government to state primary government agencies (i.e., not public authorities or local governments) will be subject …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12a-key-provisions