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Debt – 2023 Financial Condition Report
… general obligation bond ratings were assigned as follows: AA+ by Fitch Ratings; Aa1 by Moody’s Investors Service; and AA+ by Standard & Poor’s (S&P) Rating Services. These ratings …
https://www.osc.ny.gov/reports/finance/2023-fcr/debtVirtual Currency Licensing
… self-certified that they were. On average, we found a 3-year gap between biennial examinations to determine …
https://www.osc.ny.gov/state-agencies/audits/2024/01/02/virtual-currency-licensingDiNapoli Finds Over $100 Million in Inappropriate Medicaid Payments
… released three reports that found more than $100 million in improper payments made by the Department of Health (DOH) for the Medicare buy-in program, maternity care, and drug and therapy claims. Nearly $400,000 in premiums may have been … released three reports that found more than $100 million in improper payments made by the Department of Health DOH for …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-finds-over-100-million-inappropriate-medicaid-paymentsNew York's Prison Population Continues Decline, But Share of Older Adults Keeps Rising
… The state’s prison population declined by half from March 2008 to March 2021, but the population of individuals aged 50 and above grew slightly, according to a follow-up report … The number of older incarcerated individuals has grown from 7,511 in March 2008 to 7,586 in March 2021. As a …
https://www.osc.ny.gov/press/releases/2022/01/new-yorks-prison-population-continues-decline-share-older-adults-keeps-risingSelected Aspects of Accommodations for Passengers With Disabilities (Follow-Up)
… 1921 as an interstate public entity created to control the port district of New York and New Jersey, maintaining the … Act, PANYNJ was required to identify key stations in its Port Authority Trans-Hudson (PATH) system and make those … and non-compliance with the regulations in areas of the Port Authority Bus Terminal where some of the gates at …
https://www.osc.ny.gov/state-agencies/audits/2023/05/12/selected-aspects-accommodations-passengers-disabilities-followState Comptroller DiNapoli Releases Municipal Audits
… In addition, cash in a retired justice’s bank account exceeded known liabilities by a total of $1,104. … receipts were collected and deposited in a district bank account. City of Hornell – Foreign Fire Insurance Funds … (Suffolk County) The Justice Court did not properly account for court funds. The Justice was unaware that in …
https://www.osc.ny.gov/press/releases/2021/03/state-comptroller-dinapoli-releases-municipal-auditsFare Collection
… service divided into eight fare zones. Two main types of tickets are offered: commutation (unlimited weekly and … weekdays, all day on weekends, and on some holidays. LIRR tickets can be purchased in either hard copy or electronic form. One-way trips range from $1.50 to $29.25. Tickets can be purchased prior to boarding or, for an …
https://www.osc.ny.gov/state-agencies/audits/2019/11/19/fare-collectionComptroller DiNapoli Releases Municipal Audits
… Auditors determined that the administrator did not always get a professional appraisal for estate houses before listing … limit. Auditors caution the city that if property values do not increase, its ability to increase taxes may be reduced …
https://www.osc.ny.gov/press/releases/2020/06/comptroller-dinapoli-releases-municipal-auditsU.S. Environmental Protection Agency
I write as Trustee of the New York State Common Retirement Fund (CRF, or Fund), one of the largest public pension plans in the United States, valued at $248.5 billion as of March 31, 2023.
https://www.osc.ny.gov/files/press/pdf/u.s.-environmental-protection-agency-regan.pdfService Credit for Tiers 2 through 6
… from Comptroller Thomas P. DiNapoli When you retire, the pension benefit you receive will be directly related to your … membership. It determines when you are entitled to a pension even if you leave public service before you are … credit they have at retirement will directly affect the amount of their pension. Once you become a NYSLRS member, you …
https://www.osc.ny.gov/retirement/publications/service-credit-tiers-2-through-6Monitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate Facility Maintenance (Follow-Up)
… service fees, and acquisition of lands, to promote public welfare and to prevent cemeteries from falling into disrepair …
https://www.osc.ny.gov/state-agencies/audits/2018/12/27/monitoring-not-profit-cemeteries-fiscal-stability-and-adequate-facility-maintenance-followMill Neck Manor School for the Deaf – Compliance With the Reimbursable Cost Manual
… service costs (OTPS) and $10,753 in contracted direct care costs. For example: The Mill Neck School's Executive … the Reimbursable Cost Manual (2009-S-70) Special Education Associates, Inc: Compliance With the Reimbursable Cost Manual …
https://www.osc.ny.gov/state-agencies/audits/2013/03/14/mill-neck-manor-school-deaf-compliance-reimbursable-cost-manualKids & the Training Institute, Inc. – Compliance With the Reimbursable Cost Manual
… Quality Care, Inc. (KQC). The New York City Department of Education (DoE) pays tuition and fees to KTI using rates … filed with SED. The State reimburses the DoE for a portion of its payments to KTI. For the two fiscal years ended June … services. The personal service disallowances consisted of $44,824 in excess salary costs for its Executive Director, …
https://www.osc.ny.gov/state-agencies/audits/2013/02/07/kids-training-institute-inc-compliance-reimbursable-cost-manualKids Quality Care, Inc. – Compliance With the Reimbursable Cost Manual
… the Training Institute (KTI). The New York City Department of Education (DoE) pays tuition and fees to KQC using rates … CFR filed with SED. SED reimburses the DoE for a portion of its payments to KQC. For the two fiscal years ended June … services. The personal service disallowances consisted of $73,258 in excess salary costs for its Executive …
https://www.osc.ny.gov/state-agencies/audits/2013/02/07/kids-quality-care-inc-compliance-reimbursable-cost-manualOnondaga Central School District - Financial Condition Management and Fuel Records (2018M-181)
… District experienced unplanned operating surpluses in two of the three completed fiscal years reviewed. During the past … million to $5.54 million). The District allocated most of this fund balance increase to its reserve (restricted) … which increased by $1.50 million, or 65 percent (from $2.31 million to $3.81 million). Fuel inventory …
https://www.osc.ny.gov/local-government/audits/school-district/2018/12/07/onondaga-central-school-district-financial-condition-management-and-fuelTown of Shandaken – Employee Compensation and Benefits (2017M-289)
… Purpose of Audit The purpose of our audit was to determine whether Town officials accurately compensated … Town officials overpaid health insurance buyout incentives to two employees by more than $4,900 and underpaid incentives … employee contributions for health insurance coverage. As a result, during the audit period, 11 employees were …
https://www.osc.ny.gov/local-government/audits/town/2018/04/13/town-shandaken-employee-compensation-and-benefits-2017m-289Village of Northville – Joint Youth Activity Program (2016M-339)
Village of Northville Joint Youth Activity Program 2016M339
https://www.osc.ny.gov/local-government/audits/joint-activity/2016/12/09/village-northville-joint-youth-activity-program-2016m-339What is the Real Property Tax Cap?
… stay within the Tax Cap. Local government boards must pass a local law or resolution by at least a 60 percent vote to override the Tax Cap. Voters in school districts can override the cap with a 60% vote. The Office of the New York State Comptroller has …
https://www.osc.ny.gov/local-government/property-tax-cap/what-real-property-tax-capCollection of Lease and Permit Revenues (Follow-Up)
… recommendations made in our initial report, Assessment and Collection of Lease and Permit Revenues ( 2012-S-6 ). Background Our initial … (Department) was not collecting all unpaid lease and permit fees. At the time of our audit, the Department … four recommendations made in our initial report Assessment and Collection of Lease and Permit Revenues 2012S …
https://www.osc.ny.gov/state-agencies/audits/2015/04/07/collection-lease-and-permit-revenues-followWeedsport Central School District – Procurement and Claims Audit (2021M-199)
… policy and statutory requirements when procuring goods and services. Determine whether claims had adequate supporting … District’s procurement policy when purchasing goods and services. Also, claims did not have adequate supporting … did not seek competition for the District’s external audit services, as required. 23 claims totaling $49,478 were not …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/01/weedsport-central-school-district-procurement-and-claims-audit-2021m-199