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Village of Akron – Selected Financial Activities (2016M-133)

… Purpose of Audit The objective of our audit was to review the Village’s water operations and the … million. Key Findings We reviewed water and sewer billings to 53 customers and found that seven were underbilled by more … records and reports. The Village had insufficient cash to fund its operations and the continued use of temporary …

https://www.osc.ny.gov/local-government/audits/village/2016/08/26/village-akron-selected-financial-activities-2016m-133

Cobleskill-Richmondville Central School District – Fund Balance Management (2022M-47)

… 2018-19 through 2020-21 by an average of $2.8 million, or 6.6 percent, and appropriated fund balance that was not … of the District’s reserves were not reasonably funded or used in the last three years. Maintaining reserves that … Adopt a written reserve policy that establishes optimal or targeted funding levels. District officials generally …

https://www.osc.ny.gov/local-government/audits/school-district/2022/08/12/cobleskill-richmondville-central-school-district-fund-balance-management

Adirondack Central School District – Information Technology (2022M-61)

… adequate IT controls to manage network user accounts. Of the 343 network accounts reviewed, 64 accounts were not … plan. Therefore, a cyber incident could result in the loss of data and serious operational interruption. The District had three policies that detail the proper usage of IT assets. The polices are not consistent and seven of 13 …

https://www.osc.ny.gov/local-government/audits/school-district/2022/08/12/adirondack-central-school-district-information-technology-2022m-61

Mount Pleasant Blythedale Union Free School District – Procurement (2022M-86)

… use competition to procure services from professional service providers. The District used the same vendor for liability …

https://www.osc.ny.gov/local-government/audits/school-district/2022/10/28/mount-pleasant-blythedale-union-free-school-district-procurement-2022m-86

Niagara County – Consumer Protection: Accuracy of Weights and Measures (S9-24-6)

… and Markets Law (AML). As a result, consumers are at increased risk of paying more than necessary for goods and …

https://www.osc.ny.gov/local-government/audits/county/2024/09/03/niagara-county-consumer-protection-accuracy-weights-and-measures-s9-24-6

Nassau County – Consumer Protection: Accuracy of Weights and Measures (S9-24-9)

… testing of all weighing and measuring devices used to price goods and whether complete records were maintained. Key … Markets Law (AML).In addition, although the Division had a price accuracy testing policy, the Assistant Director did not conduct any price accuracy tests. As a result, consumers are at increased …

https://www.osc.ny.gov/local-government/audits/county/2024/09/03/nassau-county-consumer-protection-accuracy-weights-and-measures-s9-24-9

Madison County – Consumer Protections: Accuracy of Weights and Measures (S9-24-8)

… testing of all weighing and measuring devices used to price goods and whether complete records were maintained. Key … did not develop and implement procedures for periodic price accuracy testing. Key Recommendations Perform required … and AML. Develop and implement procedures for periodic price accuracy testing. County officials disagreed with …

https://www.osc.ny.gov/local-government/audits/county/2024/09/03/madison-county-consumer-protections-accuracy-weights-and-measures-s9-24-8

State Agencies Bulletin No. 2251

… limit and pensionable overtime earnings limit for Tier 5 TRS members. Affected Employees: Tier 5 members of TRS Plan Type 86 are affected. Background: In accordance with … will increase to $345,000 for the 2024-25 school year for TRS Tier 5 plan participants. In accordance with Chapter 504 …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2251-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limit

DiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter

… estimated value of the New York State Common Retirement Fund Fund was $2677 billion at the end of the first quarter …

https://www.osc.ny.gov/press/releases/2024/08/dinapoli-state-pension-fund-valued-267-point-7-billion-end-first-quarter

Town of Butler – Financial Management (2024M-119)

… expenditures for the town-wide and TOV funds from 2021 through 2023. Furthermore, the Board did not adopt a comprehensive financial plan, reserve policy or an effective fund balance policy. As … or reported on the 2023 Annual Financial Report (AFR), required to be filed with the Office of the New York State …

https://www.osc.ny.gov/local-government/audits/town/2024/12/24/town-butler-financial-management-2024m-119

Town of West Seneca – Audit Follow-Up (2019M-195-F)

… ] [ read complete 2020 report - pdf ] Purpose of Review The purpose of our review was to assess the Town of West Seneca’s (Town’s) progress, as of December 2024, in … The purpose of our review was to assess the Town of West …

https://www.osc.ny.gov/local-government/audits/town/2025/04/18/town-west-seneca-audit-follow-2019m-195-f

State Agencies Bulletin No. 2351

… Purpose: The purpose of this bulletin is to notify agencies of the 2025-26 school year maximum salary limit and … for Tier 5 TRS members. Affected Employees: Tier 5 members of TRS Plan Type 86 are affected. Background: In accordance … The purpose of this bulletin is to notify agencies of the 202526 school …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2351-tier-5-maximum-salary-limit-and-pensionable-overtime-ot-earnings-limit

Town of Volney – Financial Operations Oversight (2024M-93)

… or present records to the Board for audit as required by New York State Town Law (Town Law), Section 123. As a result, the …

https://www.osc.ny.gov/local-government/audits/town/2024/11/22/town-volney-financial-operations-oversight-2024m-93

DiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter

… estimated value of the New York State Common Retirement Fund Fund was $2746 billion at the end of the second quarter …

https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarter

DiNapoli Named Lead Plaintiff in Crowdstrike Shareholder Lawsuit

… Retirement Fund (Fund), has been appointed lead plaintiff in a securities fraud class action lawsuit filed against the … company’s failed software updates and resulting plummet in share value. “Crowdstrike misled investors by falsely … exposed after it caused one of the largest cyber-disasters in history leading to a worldwide shutdown and billions in …

https://www.osc.ny.gov/press/releases/2024/10/dinapoli-named-lead-plaintiff-crowdstrike-shareholder-lawsuit

Eden Central School District – Capital Project Management (2024M-83)

… and managed the District’s 2022 capital project (project) in a transparent manner. Key Findings The Board and District … did not provide adequate oversight or manage the project in a transparent manner. We determined that: $545,538 of additional work was not included in the project proposition or subsequently communicated to …

https://www.osc.ny.gov/local-government/audits/school-district/2024/10/04/eden-central-school-district-capital-project-management-2024m-83

City of Rensselaer – Accounting Records and Reports (2023M-26)

… accurate and timely accounting records and reports to allow the Common Council (Council) to effectively manage financial operations and capital … the reports the Council received were not sufficient to allow the Council to effectively manage the City’s … accurate and timely accounting records and reports to allow the Common Council Council to effectively manage …

https://www.osc.ny.gov/local-government/audits/city/2024/08/02/city-rensselaer-accounting-records-and-reports-2023m-26

Lyme Central School District – Financial Management (2024M-87)

… complete report – pdf] Audit Objective Determine whether the Lyme Central School District (District) Board of Education (Board) and District officials properly managed fund balance. Key Findings The Board and District officials did not properly manage the …

https://www.osc.ny.gov/local-government/audits/school-district/2024/10/25/lyme-central-school-district-financial-management-2024m-87