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DiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… today announced that the New York State Common Retirement Fund’s investment return was 11.55% for the state fiscal year … value of $267.7 billion. “Strong performances across asset classes helped drive the state pension fund’s … in publicly traded equities. The remaining Fund assets by allocation are invested in cash, bonds and mortgages …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24DiNapoli: State Pension Fund Releases Annual Investment Return
… that ended March 31, 2023. The Fund closed the year valued at $248.5 billion. “Recent months have been trying for … DiNapoli said. “There is no doubt that challenges lie ahead, with concerns over a recession and potential interest … but the state pension fund is well positioned to weather these storms.” The Fund's value reflects retirement …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnState Comptroller DiNapoli Releases School District Audits
… school district audits have been issued. Babylon Union Free School District – Medicaid Reimbursements (Suffolk … more than $1,600. Huntington Union Free School District – Online Banking (Suffolk County) While auditors determined … search millions of state and local government financial records, track state contracts, and find commonly requested …
https://www.osc.ny.gov/press/releases/2023/01/state-comptroller-dinapoli-releases-school-district-auditsIX.7.A Funds – IX. Federal Grants
… the SFS, the need for the creation and/or maintenance of funds for individual grants or common grant purposes is … a new fund has been identified in Bill Copy. Existing funds, regardless of historical purpose should be used for … via the [email protected] mailbox. SPECIAL REVENUE FUNDS-FEDERAL 25000-25099-Federal USDA/Food and Consumer …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix7a-fundsTown of Otto – Town Clerk and Tax Collector (2012M-214)
… Otto is a rural community located in Cattaraugus County, with a population of 800 residents. The Town Board consists … penalties on taxpayers making payment after the penalty free period. Ensure all duplicate payments are refunded to …
https://www.osc.ny.gov/local-government/audits/town/2013/01/18/town-otto-town-clerk-and-tax-collector-2012m-214State Comptroller DiNapoli Releases Municipal Audits
… the clerk did not remit real property tax collections to the town supervisor or the county treasurer in a timely … which resulted in the unrestricted general fund balance to increase to an excessive level. The board did not always seek competition …
https://www.osc.ny.gov/press/releases/2021/08/state-comptroller-dinapoli-releases-municipal-audits-0Village of Middleport – Water and Sewer Rents (2013M-313)
… 3, 2013. Background The Village of Middleport is located in Niagara County and has approximately 1,840 residents. The … appropriations for the general, water and sewer funds in the 2013-14 fiscal year total $1.7 million. Key Findings … system” did not ensure that transactions were recorded in a timely manner. The Clerk-Treasurer’s spreadsheets were …
https://www.osc.ny.gov/local-government/audits/village/2014/01/24/village-middleport-water-and-sewer-rents-2013m-313Wyoming County Industrial Development Agency – Project Management (2015M-62)
… 1, 2013 through February 17, 2015. Background The Wyoming County Industrial Development Agency is an independent public … by a Board of seven members who are appointed by the County Board of Supervisors. For our audit period, the IDA … Wyoming County Industrial Development Agency Project Management …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2015/09/11/wyoming-county-industrial-development-agency-projectState Comptroller DiNapoli Releases Municipal Audits
… (Delaware County) The board ensured that $746,000 in cash receipts were properly deposited, recorded and … board did not adequately audit claims and a cash receipts log was not maintained. The treasurer’s records were not reconciled to ensure that all receipts were deposited. In addition, $4,700 in fees were waived without evidence of …
https://www.osc.ny.gov/press/releases/2021/02/state-comptroller-dinapoli-releases-municipal-audits-2East Ramapo Central School District – Budget Review (B21-5-4)
… [ read complete report - pdf ] Purpose of Budget Review The objective of this review was to provide an independent evaluation of the East Ramapo Central School District’s (District’s) … The objective of this review was to provide an independent evaluation of …
https://www.osc.ny.gov/local-government/audits/school-district/2021/05/05/east-ramapo-central-school-district-budget-review-b21-5-4XVI.3.I Budgetary Presentation – XVI. Financial Reporting
… Reporting Process and Document Preparation: The Basic Financial Statements (BFS) issued by the State of New York … as required supplementary information, Budgetary Basis - Financial Plan and Actual - Combined Schedule of Cash … requires that a budgetary comparison be included in the financial statements for the general fund and major special …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3i-budgetary-presentationTown of Huntington – Payroll and Legal Services (2013M-28)
… May 31, 2012. Background The Town of Huntington is located in Suffolk County and has a population of approximately … prior to their normal work schedule a total of $15,000 in overtime. If earlier starts are actually necessary, the Town could save $179,000 a year in overtime costs by adjusting the arrival times on …
https://www.osc.ny.gov/local-government/audits/town/2013/05/24/town-huntington-payroll-and-legal-services-2013m-28Town of Hartwick – Financial Condition (2013M-118)
… year are $657,386 for the general fund, $755,306 for the highway fund, $155,794 for the water fund, $146,016 for the … of fund balance to finance operations in the highway and fire protection funds. Although Town officials … years. While the Town’s overall tax levy for the general, highway, fire protection, library, lighting district, and …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-hartwick-financial-condition-2013m-118DiNapoli: State Tax Revenues Down $3 Billion Through July
… State tax receipts of $26.4 billion through the first four months of the state fiscal year were $3 billion, or 10.2 percent, below the same period last year, according to the July cash report issued today by … State tax receipts of $264 billion through the first four months of the state fiscal year were $3 …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-state-tax-revenues-down-3-billion-through-julyCollege of Fredonia – Selected Employee Travel Expenses
… April 1, 2008 to March 31, 2011. Background New York State’s executive agencies spend between $100 million and $150 million each year on travel expenses. These expenses, which are discretionary … travel expenses for the highest-cost travelers in the State as well as other outliers. These employees each …
https://www.osc.ny.gov/state-agencies/audits/2013/02/28/college-fredonia-selected-employee-travel-expensesState Agencies Bulletin No. 1814
… PFRS (7W), and ERS (7Y). Background On March 16, 2012, the Governor signed legislation creating a new Tier 6 that … the law, wages in excess of the annual salary paid to the Governor, pursuant to section three of article four of the … retirement plans, the annual compensation limit for the Governor under Section 401(a), 404(I), 408 (k) (3) (C), and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1814-maximum-salary-contribution-limit-tier-6-members-following-new-yorkEmpire BlueCross – Improper Payments for Intraocular Lens Claims Billed by Hospitals
… 1, 2014 through June 30, 2019. About the Program The New York State Health Insurance Program (NYSHIP) provides … health insurance coverage to over 1.2 million active and retired State, local government and school district employees, and their …
https://www.osc.ny.gov/state-agencies/audits/2019/12/20/empire-bluecross-improper-payments-intraocular-lens-claims-billed-hospitalsDiNapoli Audit Finds MTA Needs to Strengthen Extreme Weather Preparations
… seals on three doors that could potentially allow water to leak through. Auditors visited six bus depots where they also …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-audit-finds-mta-needs-strengthen-extreme-weather-preparationsDiNapoli: Better DEC Oversight of Dams Recommended To Prevent Failures and Safeguard Communities
… New York State Department of Environmental Conservation (DEC) should improve oversight and enforcement of compliance … operated and maintained in a safe condition at all times.” DEC has regulatory authority over approximately 6,500 dams … loss of life and property from flooding and dam failures, DEC manages a program that includes safety inspections, …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-better-dec-oversight-dams-recommended-prevent-failures-and-safeguard-communitiesOpinion 99-11
… the Local Finance Law contains provisions relative to the cancellation and destruction of obligations. That section … for the State Comptroller to designate the manner of cancellation or destruction of paid obligations. It states as … regulations, set forth in 2 NYCRR, Part 55, for the cancellation and destruction of municipal obligations. In …
https://www.osc.ny.gov/legal-opinions/opinion-99-11