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NYS Common Retirement Fund Announces Second Quarter Results
… York State Common Retirement Fund’s (Fund) overall return in the second quarter of the state fiscal year 2015 was -0.52 … maximize long-term value.” The Fund's positive performance in some markets during the three months ending Sept. 30 was … bank actions that triggered broad market volatility in the international markets. The Fund’s value was $176.8 …
https://www.osc.ny.gov/press/releases/2014/11/nys-common-retirement-fund-announces-second-quarter-resultsTown of Rossie – Records and Reports and Cash Disbursements (2013M-168)
… 31, 2012. Background The Town of Rossie is located in St. Lawrence County and has a population of 877. The Town …
https://www.osc.ny.gov/local-government/audits/town/2013/10/04/town-rossie-records-and-reports-and-cash-disbursements-2013m-168New York State Health Insurance Program – Payments by CVS Health for Pharmacy Services for Ineligible Members (Follow-Up)
… Members (Report 2020-S-17 ). About the Program The New York State Health Insurance Program (NYSHIP), administered by the …
https://www.osc.ny.gov/state-agencies/audits/2023/01/04/new-york-state-health-insurance-program-payments-cvs-health-pharmacy-services-ineligibleImproper Medicaid Payments for Misclassified Patient Discharges (Follow-Up)
… of implementation of the four recommendations included in our initial audit report, Improper Medicaid Payments for … transfers and discharges are different, often resulting in lower payments for transfers. We issued our initial audit … status codes. As a result, we identified over $28 million in improper and questionable Medicaid payments for recipients …
https://www.osc.ny.gov/state-agencies/audits/2023/01/18/improper-medicaid-payments-misclassified-patient-discharges-followDiNapoli: Local Sales Tax Collections Up 21% in First Quarter of 2022
… sales tax collections grew by 21.1%, or $901 million, in the first quarter of 2022 compared to the same period last … partially driven by inflation, which hit a 40-year-high in March. “Local sales tax collections continue to come in strong. While local governments are collecting more, they …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-local-sales-tax-collections-21-percent-first-quarter-2022New York State Comptroller DiNapoli on NYC Executive Budget
… a nearly $5.3 billion surplus in FY 2022. After adjusting for the surplus transfer, total budgeted spending in FY 2023 … of the current round of collective bargaining (which began for many civilian employees in May 2021) and depositing an … end of the year, offering another opportunity to prepare for uncertainty. The city should consider further formalizing …
https://www.osc.ny.gov/press/releases/2022/04/new-york-state-comptroller-dinapoli-nyc-executive-budgetDiNapoli: Former State Employee Arrested for Falsely Claiming She Never Received $4K Loan Check from New York State and Local Retirement System
… received a $4,055 loan check to get a replacement check in the same amount. Both checks were then cashed separately. … a request to NYSLRS for a loan against her pension in the amount of $4,055. After she received the check, Brady … loan check and Brady was sent a new one, which she cashed. In the meantime, the third party had deposited the original …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-former-state-employee-arrested-falsely-claiming-she-never-received-4k-loan-check-new-yorkXIV.3.B Short Term Investment Pool (STIP) – XIV. Special Procedures
… as a whole, rather than the needs of its component parts. In this way STIP can be compared with a money market fund, … not needed for day-to-day activities or to make payments in the money market fund. Although state funds are pooled in the STIP, separate accounting records are maintained to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3b-short-term-investment-pool-stipTown of Deerfield – Financial Management and Fuel Inventory (2012M-253)
… 2011, to July 31, 2012. Background The Town of Deerfield is located in Oneida County and has a population of 4,273 …
https://www.osc.ny.gov/local-government/audits/town/2013/03/15/town-deerfield-financial-management-and-fuel-inventory-2012m-253State Comptroller Releases Municipal Audits
… estimates for significant revenues and expenditures in the 2021 adopted budget. Adequacy of 2021 Budgets – City … estimates for significant revenues and expenditures in the 2021 adopted budget. Adequacy of 2021 Budgets – Town … estimates for significant revenues and expenditures in the 2021 adopted budget. Bethpage Public Library – …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-releases-municipal-auditsNYS Comptroller DiNapoli: Beware Text Message Scam Targeting Retirees
… message to the Federal Bureau of Investigation’s Internet Crime Complaint Center at www.ic3.gov or by calling the … to trick recipients into making a payment for “an upgrade” in exchange for reduced taxes, additional money added to … Retirement Fund is the third largest public pension fund in the United States with estimated assets of $254.8 billion …
https://www.osc.ny.gov/press/releases/2021/05/nys-comptroller-dinapoli-beware-text-message-scam-targeting-retireesDiNapoli: Municipalities Facing Slow Growth in Sales Tax Collections
… collections are a crucial, yet unstable source of revenue for local governments," said DiNapoli. "The impact of little … City's year-to-year growth calculations. After adjusting for the 2015 correction, however, collections actually … had an increase in collections. The strongest increase was for the city of Yonkers at 16.6 percent; and Seven cities …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-municipalities-facing-slow-growth-sales-tax-collectionsNYS Common Retirement Fund Reports First Quarter Results
… quarter of the State Fiscal Year (SFY) 2021-22 was 5.82% for the three-month period ending June 30, 2021, according to … first quarter of the State Fiscal Year SFY 202122 was 582 for the threemonth period ending June 30 2021 according to …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-resultsTown of Hartwick – Financial Condition (2013M-118)
… March 8, 2013. Background The Town of Hartwick is located in Otsego County and has 2,110 residents. The Board comprises … $146,016 for the fire protection fund, $58,002 for the library fund, and $6,000 for the lighting district fund. Key … and appropriations of fund balance to finance operations in the highway and fire protection funds. Although Town …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-hartwick-financial-condition-2013m-118State Comptroller DiNapoli Releases School District Audits
… New York State Comptroller Thomas P. DiNapoli today announced … through 2019-20 annual financial reports, state aid claim forms and independent audit reports in a timely manner, …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-school-district-auditsAllocation, Billing, and Collection of Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act (Follow-Up)
… to its practice of not adjusting its billing to account for amended premiums reported by insurance carriers. The Department also lacked a method for carrying prior period balances forward to subsequent …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/allocation-billing-and-collection-expenses-administering-motor-vehicle-financial-securityState Comptroller DiNapoli Releases Municipal Audits
… City officials properly planned and monitored the project by establishing a sound process for overseeing project activities that … allowed her signature to be affixed to checks without her being present. Alternate signatories did not sign in the …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-audits-1City of Troy – Budget Review (B5-13-20)
… and expenditure projections in the City’s proposed budget for the 2014 fiscal year are reasonable. Background The City … liquidate cumulative deficits in the City’s general fund for the years ending December 31, 1993, 1994, and 1995. Local … City’s 2014 proposed budget does not appropriate enough money for contingencies to provide adequate flexibility to …
https://www.osc.ny.gov/local-government/audits/city/2013/11/18/city-troy-budget-review-b5-13-20DiNapoli: Westchester Sisters Admit to Stealing $22,000 of Deceased Mother's Pension Payments
… 59, who hid their mother’s death to collect nearly $22,000 in her state pension payments from 2013 to 2015. The two … each pleaded guilty to one count of felony grand larceny in the fourth degree. "This was a deliberate act to abuse the … Court Judge David Zuckerman. Bigelow and Nash are due back in court Jan. 6 for sentencing. Since taking office in 2007, …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-westchester-sisters-admit-stealing-22000-deceased-mothers-pension-paymentsState Comptroller DiNapoli Releases School District Audits
… found that 123 items, totaling $76,425, were not recorded in the district’s inventory records. Officials could not … tested: a laptop and two cameras, totaling $1,444. In addition, the last comprehensive physical inventory count was conducted in 2003. Putnam Central School District – Fund Balance …
https://www.osc.ny.gov/press/releases/2020/07/state-comptroller-dinapoli-releases-school-district-audits-1