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NYSLRS Announces Employer Contribution Rates for Retirement System for 2021-22
… (NYSLRS) today announced employer contribution rates for the State Fiscal Year 2021-22 will increase from 14.6 percent to 16.2 percent of payroll for the Employees’ Retirement System (ERS) and from 24.4 percent to 28.3 percent of payroll for the Police and Fire Retirement System (PFRS). NYSLRS is …
https://www.osc.ny.gov/press/releases/2020/09/nyslrs-announces-employer-contribution-rates-retirement-system-2021-22Housing Trust Fund Corporation – Internal Controls Over and Maximization of Federal Funding for Various Section 8 Housing Programs and the COVID Rent Relief Program (Follow-Up)
… of implementation of the four recommendations included in our initial audit report, Housing Trust Fund Corporation – … to increase utilization. HCV enables low-income households in the State to rent or purchase decent, safe housing in the private housing market by providing rental and …
https://www.osc.ny.gov/state-agencies/audits/2024/12/04/housing-trust-fund-corporation-internal-controls-over-and-maximization-federal-fundingDiNapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers
… more than $1.3 billion from IRA programs for a range of specific greenhouse gas reducing activities and funds to … support incentive programs; however, only a small amount of this funding has been received. Since the programs these … exclusively through charges on the electric and gas bills of the state’s utility customers, these grants could offset a …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-federal-funding-uncertainty-jeopardizes-impact-inflation-reduction-act-new-yorkersState Comptroller DiNapoli Releases Municipal Audits
… employees for time they did not work or accrue. Two sewer treatment plant employees received $91,492 for time they may not have … the town’s general fund to pay for the Garrison Landing Water District’s (GLWD’s) operation and maintenance costs. …
https://www.osc.ny.gov/press/releases/2025/05/state-comptroller-dinapoli-releases-municipal-audits-0State Comptroller DiNapoli Releases Municipal & School Audits
… errors totaling $7,903 which included $6,607 that should have been billed and collected and $1,296 in overbillings. … were supported and for appropriate purposes but did not have evidence that they were audited and approved before … agreements receive longevity payments, their agreements do not include language for these payments upon separation. …
https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-municipal-school-audits-2State Comptroller DiNapoli Releases Municipal & School Audits
… in the unrestricted fund balance deficit increasing to as much as $54,423 during the audit period; or effectively … money market accounts, which had average available funds for investing of $845,365. Had officials considered other … public and summer placements. As a result, as of April 30, 2023, the district will not benefit from $28,832 in state …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-dinapoli-releases-municipal-school-auditsExamination of Center for Economic Growth, Inc.
… Purpose The objective of our examination was to determine if the Center for … grant funds and associated matching expenses, reporting of revenue, and procurements complied with the terms and conditions of contract C110087. Background The claims for payment we …
https://www.osc.ny.gov/state-agencies/audits/2018/08/14/examination-center-economic-growth-incLow-Income Housing Trust Fund Program
… Program (Program) funds are being awarded and disbursed in an efficient manner to help meet the State's critical … between $25 million and $39 million to be used in conjunction with other State, Federal, or private … lax monitoring or enforcement of expectations; and delays in key approvals or other Division actions. The Program does …
https://www.osc.ny.gov/state-agencies/audits/2014/08/28/low-income-housing-trust-fund-programDiNapoli: Comcast Agrees To Disclose Political Spending
… spending made with corporate funds. In December, as trustee of the New York State Common Retirement Fund (Fund), … political purposes including contributions to political candidates and parties, as well as payments used for … of its political spending and covers the critical areas of election-related contributions to trade associations and …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-comcast-agrees-disclose-political-spendingDiNapoli Statement on Charges Against Former Delhi Village Clerk
… filed against a former Delhi village clerk for theft of public funds. The charges resulted from a joint … Comptroller’s office and the New York State Police Bureau of Criminal Investigation. “Delhi's former village clerk … filed against a former Delhi village clerk for theft of public funds …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-statement-charges-against-former-delhi-village-clerkBroker Search for Internal Equity and Fixed Income
… The New York State Common Retirement Fund (Fund) will … for instructions on how to apply. Requirements As part of the due diligence process, and prior to the approval of any broker as eligible to execute … selection as an equity broker or fixed income broker for the NYS Common Retirement Funds NYSCRF internally managed …
https://www.osc.ny.gov/common-retirement-fund/resources/broker-search-internal-equity-and-fixed-incomeNYS Common Retirement Fund Reports Second Quarter Results
… had a strong first half year, assisted by a surging stock market," DiNapoli said. "However, we remain focused on recent … diversified to smooth out the stock market rollercoaster, and maximize sustainable investment returns over the … and Local Retirement Systems (NYSLRS). As a long-term investor, the Fund has an investment approach which …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsCity of Lockport -- Budget Review (B18-1-10)
… review was to provide an independent evaluation of the City’s proposed budget for 2019. Background Chapter 332 of … 147 of the Laws of 2015 (the “Act”), authorized the City to issue debt to liquidate the accumulated deficits in the City’s general, refuse, water and sewer funds as of December …
https://www.osc.ny.gov/local-government/audits/city/2018/11/08/city-lockport-budget-review-b18-1-10Controls Over Cash Advance Accounts
… Purpose To determine whether the Office of Parks, Recreation and Historic Preservation (Parks) needs its cash advance accounts and whether the money is properly accounted for and used for appropriate … 1, 2011 through June 30, 2014. Background Section 115 of the State Finance Law authorizes the establishment of cash …
https://www.osc.ny.gov/state-agencies/audits/2014/12/22/controls-over-cash-advance-accountsComptroller DiNapoli Releases School Audits
… and the Richfield Springs Central School District . “In an era of limited resources and increased accountability, … budgeting practices generated approximately $14 million in operating surpluses, which caused unexpended surplus funds to exceed statutory limits in each of those years. Norwich City School District - …
https://www.osc.ny.gov/press/releases/2014/08/comptroller-dinapoli-releases-school-auditsComptroller DiNapoli Releases Municipal Audits
… transparency and accountability for our local communities is a top priority,” said DiNapoli. “By auditing municipal … to provide taxpayers the assurance that their money is being spent appropriately and effectively.” Chenango … procedures related to the timekeeping system, enforcement is handled at the departmental level and has resulted in …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-releases-municipal-auditsSelected Employee Travel Expenses
… the Public Officers Law by employing his daughter as a volunteer coach and using State funds to pay for her travel with him and the team to local and national track events. Key Recommendations Monitor cash … written guidelines for the hiring and supervision of volunteer coaches to decrease the possibility of, or …
https://www.osc.ny.gov/state-agencies/audits/2014/05/07/selected-employee-travel-expensesOpinion 88-58
… for the construction of town buildings would be subject to permissive referendum requirements. You ask whether a referendum is required for a town to expend $40,000 from a capital reserve fund for the … a town board may authorize the town highway superintendent to erect a building for the housing and storage of machinery, …
https://www.osc.ny.gov/legal-opinions/opinion-88-58DiNapoli: State Tax Receipts Exceed Latest Projections by $7.7 Billion
… day reserve funds on or ahead of the schedule proposed in the Financial Plan.” Personal income tax (PIT) receipts … PIT receipts were $6.9 billion lower than the same period in SFY 2021-22. This reflects two fewer collection days from … Track state and local government spending at Open Book New York . Under State Comptroller DiNapoli’s open data …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-state-tax-receipts-exceed-latest-projections-7-point-7-billionDiNapoli: Former Town Clerk Pleads Guilty to Stealing Nearly $4,000 From Town of Lincoln
… New York State Comptroller Thomas P. DiNapoli, Chenango County District Attorney Michael Ferrarese, and the New York … and sentence of Amy Becker, former Clerk for the Town of Lincoln, for stealing nearly $4,000 from the Town. The plea … between Comptroller DiNapoli’s Office, the Chenango County District Attorney’s Office, and the New York State …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-former-town-clerk-pleads-guilty-stealing-nearly-4000-town-lincoln