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Selected Financial Management Practices
… Purpose To determine if the Hudson River Park Trust has established adequate controls over the … 2010 through March 26, 2014. Background The Hudson River Park Trust (Trust) is a public benefit corporation authorized under the Hudson River Park Act (Act) in 1998. The Act also created Hudson River …
https://www.osc.ny.gov/state-agencies/audits/2014/12/26/selected-financial-management-practicesMonitoring and Administration of Public Protection Grant Programs (Follow-Up)
… administers 11 State and federal grant programs aimed at crime prevention and control. Among these public … – such as aggravated assault, forcible rape, murder, and robbery – in the State, excluding New York City. In previous …
https://www.osc.ny.gov/state-agencies/audits/2021/11/16/monitoring-and-administration-public-protection-grant-programs-followSchuyler County – Treasurer’s Office (2014M-186)
… As a result, there is a lack of segregation of duties. Bank reconciliations were not timely or accurately prepared … were inaccurate and out of balance, the annual update document (AUD) could not be filed timely. The 2011 AUD was … moneys are safeguarded. Ensure that complete and accurate bank reconciliations are performed for all bank accounts …
https://www.osc.ny.gov/local-government/audits/county/2014/10/03/schuyler-county-treasurers-office-2014m-186City of Mount Vernon – Audit Follow-Up (2020M-96-F)
… City’s governing policies. The Mayor serves as the City’s chief executive officer and is responsible, along with other administrative … day-to-day administration. The elected Comptroller is the chief fiscal officer and is responsible for managing the …
https://www.osc.ny.gov/local-government/audits/city/2025/12/24/city-mount-vernon-audit-follow-2020m-96-fState Comptroller DiNapoli Releases Municipal and School Audits
… financial operations or properly audit claims. As a result, the board hindered their ability to make informed … statement balances differed from the ending cash balances in the accounting records by $638,485. The board also used unrealistic budgetary estimates that resulted in annual operating deficits and a declining fund balance. …
https://www.osc.ny.gov/press/releases/2025/02/state-comptroller-dinapoli-releases-municipal-and-school-auditsNYS Common Retirement Fund Announces Third Quarter Results
… management of investments to make sure our assets match our liabilities," DiNapoli said. "Not long after I … and strengthened the state pension fund to what it is today – a highly diversified fund with its highest ever …
https://www.osc.ny.gov/press/releases/2017/02/nys-common-retirement-fund-announces-third-quarter-resultsState Comptroller DiNapoli Releases Municipal Audits
… plans to address long-term priorities. An accounting firm hired to perform bookkeeping and payroll duties was not … public inspection during reasonable times as required by law. Village of Homer – Purchasing and Credit Cards (Cortland … contracts, visit Open Book New York . The easy-to-use website was created to promote transparency in government and …
https://www.osc.ny.gov/press/releases/2017/09/state-comptroller-dinapoli-releases-municipal-auditsDiNapoli: State Pension Fund Posts 9.5% Annual Investment Return
… state fiscal year that ended March 31, 2022. The return on investments increased the Fund’s value to $272.1 billion. … months, but thanks to the state pension fund’s diverse investments, it finished the year above our assumed rate of … Review . The review, most recently performed by Kroll LLC, found the Fund “continues to be a leader amongst its …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-state-pension-fund-posts-9-point-5-annual-investment-returnState Comptroller DiNapoli Releases School Audits
… of the Alden Central School District , East Aurora Union Free School District and the Kiryas Joel Union Free School District . "In an era of limited resources and … limit by nine percentage points. East Aurora Union Free School District – High School Extra-Classroom Activity …
https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-releases-school-auditsState Comptroller DiNapoli Releases Municipal Audits
… audits of the Town of Lockport , Town of Ontario , Town of Preston and Town of Thompson . "In today's fiscal climate, … to limit access to online bank accounts. Town of Preston – Financial Management (Chenango County) The board … audits of the Town of Lockport Town of Ontario Town of Preston and Town of Thompson …
https://www.osc.ny.gov/press/releases/2018/07/state-comptroller-dinapoli-releases-municipal-auditsState Comptroller DiNapoli Releases Municipal Audits
… unable to locate seven of 50 assets totaling $7,360. Scuba gear worth $119,523 was not adequately monitored or … not provide adequate oversight of authority operations. As a result, budgets were not entered into the financial system … were not accurate. Find out how your government money is spent at Open Book New York . Track municipal spending, …
https://www.osc.ny.gov/press/releases/2021/02/state-comptroller-dinapoli-releases-municipal-audits-0State Comptroller DiNapoli Releases Municipal Audits
… prohibited conflicts of interest and allowed claims to be paid prior to audit and approval. The board also did not adopt a code of … the district and his snow plowing business. Contrary to New York State Town Law, the treasurer paid certain claims …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-dinapoli-releases-municipal-audits-0NYS Common Retirement Fund Reports Second Quarter Results
… New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year … real estate and real assets (7.6 percent) and absolute return strategies and opportunistic alternatives (4.0 … accountability and transparency. Quarterly rates of return provide a snapshot of performance over three months …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsComptroller DiNapoli Releases School District Audits
… school district audits have been issued. Oysterponds Union Free School District – Financial Management (Suffolk County) …
https://www.osc.ny.gov/press/releases/2020/01/comptroller-dinapoli-releases-school-district-auditsNYS Common Retirement Fund Reports Estimated First Quarter Results
… funds in the nation and it remains well-positioned to weather the up and downs of the markets. Retirees’ and …
https://www.osc.ny.gov/press/releases/2022/08/nys-common-retirement-fund-reports-estimated-first-quarter-resultsDiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… estimated overall investment return was 33.55 percent for the state fiscal year (SFY) that ended March 31, 2021, … results that ensure continued retirement security for our members for generations to come.” The Fund's value reflects … Funds estimated overall investment return was 3355 percent for the state fiscal year that ended March 31 2021 reflecting …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyState Agencies Bulletin No. 860
… Purpose To provide instructions for the processing of payments upon separation from State service for accruals … Services BU03 Institutional Services BU04 Division of Military & Naval Affairs BU47 Public Employees Federation … eligible employees to earn compensatory time in lieu of a cash payment for overtime hours worked in excess of 40 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/860-processing-over-40-compensatory-time-ii-lump-sum-overtime-payments-uponComptroller’s Update: State Fiscal Year 2015-16 Revenue Trends through the Mid-Year, October 2015
The State’s cash position continues to improve, as illustrated by the $10.7 billion balance in the General Fund through the middle of State Fiscal Year (SFY) 20
https://www.osc.ny.gov/files/reports/budget/pdf/budget-update-mid-year-2015-16.pdfLife Changes: A Guide for Retirees
… A Message from Comptroller Thomas P. DiNapoli You already know that you will continue receiving a retirement benefit for the rest of your life. Now, I want to make sure you know about other benefits you may be entitled to receive … Retirees this guide will help you understand your benefit payments the services we offer …
https://www.osc.ny.gov/retirement/publications/life-changes-guide-retireesOpinion 95-32
… (use of model security and custodial agreements provided by the Comptroller's Office) STATE COMPTROLLER -- Powers and … LAW, §§10, 11: A local government is not required by law to enter into security and custodial agreements identical to the models prepared by the Office of the State Comptroller. You ask whether a …
https://www.osc.ny.gov/legal-opinions/opinion-95-32