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Capital – 2021 Financial Condition Report
… of capital assets can weaken the State’s economy and its ability to attract and retain business. Capital assets include not only highways and bridges, but also facilities for education, government, …
https://www.osc.ny.gov/reports/finance/2021-fcr/capitalFrontier Central School District – Financial Condition and Mobile Devices (2013M-297)
… Background The Frontier Central School District is located in the Towns of Hamburg and Eden in Erie County. The District is governed by an elected … is a dangerously low level. Approximately $5.3 million in workers’ compensation reserve funds were inappropriately …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/28/frontier-central-school-district-financial-condition-and-mobile-devicesDiNapoli: Former Alexandria Town Clerk Pleads Guilty in Theft
… Alexandria Town Clerk Ellen Peck pleaded guilty yesterday in Jefferson County Court to stealing $26,285 in public funds. Peck pocketed cash paid by residents for fines, fees … Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] , or by mailing a …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-former-alexandria-town-clerk-pleads-guilty-theftTaxes – 2023 Financial Condition Report
… State Tax Collections Declined in SFY 2022-23 from $121.1 Billion to $111.7 Billion In SFY 2022-23, reported New York State tax collections decreased by … due, in part, to financial market volatility during 2022 which resulted in a 26 percent decline in securities …
https://www.osc.ny.gov/reports/finance/2023-fcr/taxesState Comptroller DiNapoli Releases Municipal & School Audits
… city excluded seasonal employees and new hires starting in June or after from the training. Albany County – Sexual …
https://www.osc.ny.gov/press/releases/2023/09/state-comptroller-dinapoli-releases-municipal-school-audits-2DiNapoli: State Pension Fund Releases Annual Investment Return
… of $14.7 billion paid out during the fiscal year. Employer contribution rates are determined by investment results over a multi-year … absolute return strategies and opportunistic alternatives (6.33%). The Fund’s long-term expected rate of return is 5.9%. …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnLocation Service Providers
… is that the rightful owners should claim their abandoned funds without charge, strongly encourages everyone to contact the Office of Unclaimed Funds directly to determine if we are holding funds … withhold the fee from the refund. Researching the List of Unclaimed Funds Go to the Search for Lost Money page to …
https://www.osc.ny.gov/unclaimed-funds/resources/location-service-providersState Comptroller DiNapoli Releases State Audits
… Intake System (EIS) by the Sept. 2015 implementation date. In response to the audit, DOH officials provided additional … that helps ensure early intervention (EI) claims are paid in a timely manner and the SFA fulfills contract deliverables … support and guidance to contractors to assist them in reporting Wage Subsidy Program and Transitional Employment …
https://www.osc.ny.gov/press/releases/2016/04/state-comptroller-dinapoli-releases-state-auditsDiNapoli: Local Sales Tax Collections Up Nearly 12% in July
… of Taxation and Finance. In the third month of each calendar year quarter, these distributions are adjusted …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-local-sales-tax-collections-nearly-12-percent-julyState Comptroller Thomas P. DiNapoli Statement on MTA Financial Plan
… situation the authority – and the state and city – face in dealing with upcoming fiscal challenges. The plan … the use of one-time federal relief and most concerningly, in 2025, with deficit financing. The idea that it will be … this, the plan still relies on an average of $1.8 billion in one-time funds used annually through 2025, clouding a …
https://www.osc.ny.gov/press/releases/2022/02/state-comptroller-thomas-p-dinapoli-statement-mta-financial-planSouthold Union Free School District – Claims Processing (2013M-183)
… Purpose of Audit The purpose of our audit was to examine the claims auditing process for the period July 1, 2011, to April 30, 2013. Background The Southold Union Free School … payment. Even though the claims auditor appeared to be properly auditing claims, the purchasing agent did not …
https://www.osc.ny.gov/local-government/audits/school-district/2013/08/23/southold-union-free-school-district-claims-processing-2013m-183NYS Comptroller DiNapoli Statement on MTA's July Financial Plan
… MTA acknowledges new funding gaps beginning in 2027, these are likely understated, until the capital funding issue is …
https://www.osc.ny.gov/press/releases/2024/07/nys-comptroller-dinapoli-statement-mtas-july-financial-planDiNapoli Finds Opportunities for Improved NYPD Hate Crimes Reporting
… State auditors examining New York City Police Department (NYPD) records were unable to confirm that all hate crimes in … and reported by the department. They also found the NYPD conducted no centralized analysis on how to best use its … where they will have the greatest impact. While the NYPD has made a good faith effort to accurately report these …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-finds-opportunities-improved-nypd-hate-crimes-reportingState Comptroller DiNapoli Releases Audits
… with Dual Family Coverage (2019-S-23) New York state does not allow two family coverages for its employees. Other …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-dinapoli-releases-auditsMedicaid Program - Medicaid Managed Care Organization Fraud and Abuse Detection
… beneficiaries. In exchange, MCOs receive a monthly premium payment for each enrollee. In 2014, New York State’s Medicaid …
https://www.osc.ny.gov/state-agencies/audits/2016/07/15/medicaid-program-medicaid-managed-care-organization-fraud-and-abuse-detectionState Comptroller DiNapoli Releases Municipal Audits
… with 21 exemptions. Sixteen exemptions totaling $738,693 in town-exempted assessed value lacked one or more pieces of … $7,159 were not audited and approved by the board. In addition, the board did not audit and approve $14,000 … whether collections and corresponding deposits were in the form of checks or cash. The justices did not maintain …
https://www.osc.ny.gov/press/releases/2019/01/state-comptroller-dinapoli-releases-municipal-audits-0Delevan Volunteer Fire Company, Inc. – Internal Controls Over Financial Operations (2013M-345)
… $201,000. Key Findings We found that the Board generally does not provide adequate oversight of the Company’s …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/02/26/delevan-volunteer-fire-company-inc-internal-controls-over-financialConnetquot Public Library – Cash Disbursements (2017M-125)
… 2016. Background The Connetquot Public Library is located in the Town of Islip in Suffolk County. The Library is governed by an elected … amount. Ensure that POs are prepared and approved in advance of any purchase and limit the use of confirming …
https://www.osc.ny.gov/local-government/audits/library/2017/09/29/connetquot-public-library-cash-disbursements-2017m-125About Offering a Retirement Plan – What Every Employer Should Know
… retirement savings accounts that are dependent on the return on investments. In today’s employment landscape, a … are related to years of service; Offer a pension that is based on salary and years of service; Provide a right to … of NYSLRS, a staff you can rely on. Rev. 2/23 … What every employer should know about NYSLRS what it means to …
https://www.osc.ny.gov/retirement/employers/partnership/about-offering-retirement-planMassena Central School District – Financial Condition (2016M-21)
… Purpose of Audit The purpose of our audit was to examine the District’s financial condition for the period … established a formal multiyear financial or capital plan to help ensure that these excess funds are properly used to benefit District residents. Key Recommendations Ensure …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/massena-central-school-district-financial-condition-2016m-21