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DiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter
… real estate and real assets (13.32%) and credit, absolute return strategies, and opportunistic alternatives (8%). The Fund’s long-term expected rate of return is 5.9%. DiNapoli initiated quarterly performance …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarterPompey Hill Fire District – Financial Management (2021M-136)
… Commissioners (Board) properly established and managed capital reserve funds, ensured records were audited and … The Board did not properly establish and manage the capital reserve fund, establish a written reserve fund policy or adopt a written multiyear capital plan. In addition, annual update documents (AUDs) …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/11/05/pompey-hill-fire-district-financial-management-2021m-136Sweet Home Central School District – Financial Management (2022M-166)
… report – pdf] Audit Objective Determine whether the Sweet Home Central School District’s (District) Board of Education … audit sweet home school financial management …
https://www.osc.ny.gov/local-government/audits/school-district/2023/03/31/sweet-home-central-school-district-financial-management-2022m-166Wilson Central School District - Financial Management (2022M-22)
… report - pdf] Audit Objective Determine whether the Wilson Central School District (District) Board of Education (Board) … Determine whether the Wilson Central School District District Board of Education Board and …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/wilson-central-school-district-financial-management-2022m-22Red Creek Central School District – Financial Condition (2016M-365)
… Purpose of Audit The purpose of our audit was to examine the District’s financial … Red Creek Central School District is located in the Towns of Butler and Wolcott in Wayne County and the Towns of Victory, Conquest and Sterling in Cayuga County. The District, which …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/30/red-creek-central-school-district-financial-condition-2016m-365Pembroke Central School District - Investment Program (2023M-130)
… of District funds. Prepare monthly cash flow forecasts to estimate funds available for investment. Monitor … other legally permissible investment options prior to our audit commencing. Annually review and re-adopt the … and indicated that they have initiated or plan to initiate corrective action. …
https://www.osc.ny.gov/local-government/audits/school-district/2024/04/19/pembroke-central-school-district-investment-program-2023m-130Lancaster Central School District – Financial Condition (2016M-101)
Lancaster Central School District Financial Condition 2016M101
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/lancaster-central-school-district-financial-condition-2016m-101Sayville Union Free School District – Financial Condition and Cellular Telephones (2015M-86)
… cellular telephone purchases and use for the period July 1, 2013 through August 31, 2014. Background The Sayville … Network Systems Administrator did not properly review cell phone invoices, and the claims auditor did not properly … Administrator and claims auditor properly review all cell phone bills prior to authorizing payment. …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/14/sayville-union-free-school-district-financial-condition-and-cellularHarpursville Central School District – Financial Management (2013M-261)
… during this period. As a result, the unexpended surplus funds exceeded the statutory maximum of 4 percent of the … 21 percent to 33 percent. The District has four reserve funds with excessive balances. Key Recommendations Ensure … taxpayers. Review all reserve balances and transfer excess funds to unrestricted fund …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/03/harpursville-central-school-district-financial-management-2013m-261Village of Delhi – Financial Condition (2013M-110)
… governed by an elected Board of Trustees consisting of a Mayor and four Trustees. The Village’s total general, sewer … the 2012-13 fiscal year are $3.4 million. Key Findings The Mayor and Board did not properly manage the Village’s …
https://www.osc.ny.gov/local-government/audits/village/2013/07/26/village-delhi-financial-condition-2013m-110East Irondequoit Central School District - Financial Management (2019M-28)
… to 2017-18. The District also maintained 11 proper reserve funds totaling $34 million at June 30, 2018. During the last … complies with statutory limits and use surplus funds for one-time expenditures, paying down debt or applying it to the … our comments on issues raised in the District’s response letter. …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/18/east-irondequoit-central-school-district-financial-management-2019m-28Westchester County - Financial Condition (2018M-151)
… Westchester County Financial Condition 2018M151 …
https://www.osc.ny.gov/local-government/audits/county/2018/10/23/westchester-county-financial-condition-2018m-151DiNapoli Releases Report on FY 2027 Proposed Executive Budget
… report examining the proposed State Fiscal Year (SFY) 2027 Executive Budget warns the trajectory of projected state … policy bill and show a $9.4 billion (10%) decrease in SFY 2027 from SFY 2026 levels. The largest dollar change in … the Essential Plan, enrollment would drop to zero in SFY 2027, and formerly EP-covered individuals (aside from those …
https://www.osc.ny.gov/press/releases/2026/02/dinapoli-releases-report-fy-2027-proposed-executive-budgetTown of Wawarsing - Financial Oversight of Select Activities (2018M-239)
To examine the adequacy of internal controls over selected financial activities to properly account for and safeguard Town funds.
https://www.osc.ny.gov/files/local-government/audits/pdf/wawarsing-2018-239.pdfDiNapoli Releases February State Cash Report
… Income Tax (PIT) collections. The General Fund ended February with a balance of $14.3 billion, which was nearly … and nearly $3.1 billion (27.8 percent) higher than last February 28. This unusually high balance is due largely to …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-releases-february-state-cash-reportLong Island Workforce Housing Act (2015-MR-4)
… ensured that they complied with the Long Island Workforce Housing Act for the period January 1, 2009 through December … State Legislature implemented the Long Island Workforce Housing Act (Act) in 2008 for the purpose of making … workforce in Nassau and Suffolk Counties. The Act requires housing developers in Nassau and Suffolk Counties to set …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2016/01/08/long-island-workforce-housing-act-2015-mr-4Town of Henrietta – Financial Management and Purchasing (2013M-208)
Town of Henrietta Financial Management and Purchasing 2013M208
https://www.osc.ny.gov/local-government/audits/town/2014/01/24/town-henrietta-financial-management-and-purchasing-2013m-208Frewsburg Central School District – Internal Controls Over Selected Financial Activities (2013M-327)
… through October 1, 2013. Background The Frewsburg Central School District is located in Chautauqua and Cattaraugus … Frewsburg Central School District Internal Controls Over Selected Financial …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/frewsburg-central-school-district-internal-controls-over-selectedNYS Common Retirement Fund Reports Third Quarter Results
… DiNapoli. "Like other investors, the Fund saw its strong first half gains erased during the market’s steep drop at the tail end of 2018," DiNapoli said. "Fortunately, the market has since recouped some of those losses. More …
https://www.osc.ny.gov/press/releases/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli: State Tax Receipts and Spending Outpace Division of Budget's Projections Through December
… three quarters of the State Fiscal Year SFY 202526 $23 billion higher than estimates released in the Division of …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-state-tax-receipts-and-spending-outpace-division-budgets-projections-through-december