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Financial Condition of New York State Regional Off-Track Betting Corporations (2014-MS-6)

… , Suffolk OTB [pdf] , and Western OTB [pdf] . Purpose of Audit The purpose of our audit was to assess the financial condition of the … cost-cutting measures and negotiate collectively for track rates. Increase revenues through innovative marketing. …

https://www.osc.ny.gov/local-government/audits/off-track-betting/2015/09/25/financial-condition-new-york-state-regional-track-betting-corporations-2014

Pine Valley Central School District –Financial Management and Procurement (2014M-36)

… that include realistic estimates for appropriations based on contractual and historical data and ensure that unexpended …

https://www.osc.ny.gov/local-government/audits/school-district/2014/07/11/pine-valley-central-school-district-financial-management-and-procurement

Mattituck-Cutchogue Union Free School District – Financial Condition (2013M-322)

… limit each year. The Board has not adopted a policy or plan for accumulating and using reserves funds and District … on its financial statements. Key Recommendations Develop a plan for the use of surplus funds in a manner that benefits … requirements. Report reserve fund moneys separately from other general fund moneys as restricted cash. … …

https://www.osc.ny.gov/local-government/audits/school-district/2014/01/24/mattituck-cutchogue-union-free-school-district-financial-condition-2013m

Rensselaer City School District – Internal Controls Over Extra-Classroom Activity Funds (2013M-153)

… The District has an internal auditor who provides training on extra-classroom activity funds to other school districts; …

https://www.osc.ny.gov/local-government/audits/school-district/2013/09/06/rensselaer-city-school-district-internal-controls-over-extra-classroom

Poughkeepsie City School District – Internal Controls Over Purchasing and Claims Processing (2012M-179)

… Key Findings The District spent more than $50,000 on a contract with a certified public accountant (CPA) to …

https://www.osc.ny.gov/local-government/audits/school-district/2013/01/11/poughkeepsie-city-school-district-internal-controls-over-purchasing-and

NYS Common Retirement Fund Announces Second Quarter Results

… Fund's (Fund) overall return in the second quarter of the state fiscal year 2017-2018 was 3.67 percent for the … returns and retirement security for our members, retirees and beneficiaries for decades to come." The Fund's … by the Fund in 2009 as part of his on-going efforts to increase accountability and transparency. About the New York …

https://www.osc.ny.gov/press/releases/2017/11/nys-common-retirement-fund-announces-second-quarter-results

Selected Aspects of Bus Procurement

… to determine whether it procures buses in a manner which results in the best value for the lowest cost. The audit … could not justify buying 90 buses for each of five test fleets totaling about $228 million. Key Recommendations … to purchase buses. Establish pass/fail criteria for all test fleets prior to procurement. Reassess the minimum number …

https://www.osc.ny.gov/state-agencies/audits/2014/03/03/selected-aspects-bus-procurement

DiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24

… performances across asset classes helped drive the state pension fund’s investment returns higher over the past year, … State Common Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and …

https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24

DiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy

… assets of the New York State and Local Retirement System on behalf of more than one million state and local government …

https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energy

State Agencies Bulletin No. 266

… Affected Employees All employees who receive a New York State payroll check currently issued from Key Bank are affected. This change does not include State Insurance Fund employees. Effective Date(s) Checks … issued prior to July 18, 2001. Bank branches at the Empire State Plaza in Albany will be required to continue …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/266-bank-account-change-new-york-state-employee-payroll-checks

National Directory of New Hires Data Security

… Objective To determine if the Office of Temporary and Disability Assistance has met federal requirements for securing National Directory of New Hires data. Our audit covered the period from March … (OCSE), a subdivision of the U.S. Department of Health and Human Services (Health and Human Services). The Directory …

https://www.osc.ny.gov/state-agencies/audits/2024/05/08/national-directory-new-hires-data-security

City of Lockport – Budget Review (B24-1-8)

… independent evaluation of the City’s proposed budget for 2025. Background Chapter 332 of the Laws of 2014, as amended … next succeeding fiscal year. Key Findings Based on the results of our review, the significant revenue and … for the fire department using unanticipated State aid to fund the purchase. The Director of Finance told us that he …

https://www.osc.ny.gov/local-government/audits/city/2024/11/08/city-lockport-budget-review-b24-1-8

DiNapoli: Queens Woman Sentenced to Probation and Pays Full Restitution for Stealing $85,000 in NYS Pension Payments Meant for Her Deceased Father

… Hansen learned that hard lesson today,” DiNapoli said. “I thank Albany County District Attorney David Soares for partnering with my office to protect the state retirement system.” Deanna … of personal purchases and spent an additional $14,914 on payments to the management company of her father’s …

https://www.osc.ny.gov/press/releases/2024/12/dinapoli-queens-woman-sentenced-probation-and-pays-full-restitution-stealing-85000-nys-pension

Operational Advisory No. 8

… for the preceding calendar year. Beginning February 2025, payees will receive the outreach letter approximately … checks throughout the year rather than once a year. The new process will spread out the volume of letters making it … any checks due to recipients or cancel any inappropriate payments upon returned letter from payee so that recipients …

https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/8-state-check-outreach

NYS Common Retirement Fund Contacts

… for developing and implementing investment strategies to ensure that the Fund remains one of the best-funded and … State and local government employees and pensioners. Prior to Ms. Titarchuk’s appointment in August 2019, she had been … … Contact information for investment professionals looking to do business with the New York State Common Retirement Fund …

https://www.osc.ny.gov/common-retirement-fund/resources/nys-common-retirement-fund-contacts

What to Expect from Us

… 2 weeks. Fees The Comptroller’s Office never charges a fee for returning unclaimed funds. However, Location Service … do charge a fee. The maximum fee they can charge you for helping you recover your money is 15 percent. The Value … your claim is received and when your claim is approved for payment. Look for a text from LostMoney. We may …

https://www.osc.ny.gov/unclaimed-funds/claimants/what-expect-us

State Comptroller DiNapoli Releases Municipal & School Audits

… 17-month audit period, the district earned $539 from money on deposit in the district’s checking and money market … over $5 million as of Dec. 31, 2022, was experiencing, on average, $150,000 operating deficits each year, and owed … Although the county installed a water storage tank on the land and installed water lines, there is no existing …

https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-dinapoli-releases-municipal-school-audits

Opinion 2000-7

… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. CONFLICTS OF INTEREST … relative to the contract and abstains from voting on matters relating to the contract. You ask whether a member … relative to the contract and abstains from voting on matters relating to the contract. May 8, 2000 William N. …

https://www.osc.ny.gov/legal-opinions/opinion-2000-7