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DiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter
… end of the second quarter of state fiscal year 2024-25. For the three-month period ending Sept. 30, 2024, Fund investments returned an estimated 4.15%. … to face uncertainty, steady economic growth has continued this year, bolstering markets in the second quarter,” …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarterCattaraugus-Allegany-Erie-Wyoming Board of Cooperative Educational Services - Capital Assets (2023M-126)
… annual inventories were not conducted, and we were unable to locate approximately $31,000 in capital assets, which … 130 assets with a historical recorded cost (also referred to as a purchase price) totaling approximately $133,000 and … approximately $88,000 did not identify the employee to whom the assets were issued. Eight capital assets totaling …
https://www.osc.ny.gov/local-government/audits/boces/2023/12/15/cattaraugus-allegany-erie-wyoming-board-cooperative-educational-services-capitalVillage of Catskill – Accounting Records and Reports (2024M-66)
… errors and/or irregularities could occur. Properly account for three bank account balances totaling $1.1 million at May …
https://www.osc.ny.gov/local-government/audits/village/2024/09/27/village-catskill-accounting-records-and-reports-2024m-66City of Rensselaer – Accounting Records and Reports (2023M-26)
… report – pdf] Audit Objective Determine whether City of Rensselaer (City) officials maintained complete, accurate … Determine whether the City of Rensselaer City officials maintained complete accurate and …
https://www.osc.ny.gov/local-government/audits/city/2024/08/02/city-rensselaer-accounting-records-and-reports-2023m-26Village of North Syracuse – Transparency of Fiscal Activities (S9-24-11)
… fiscal concerns with the Village’s general fund for the year 2022-23, the Board’s ineffective oversight …
https://www.osc.ny.gov/local-government/audits/village/2024/12/20/village-north-syracuse-transparency-fiscal-activities-s9-24-11Town of Babylon – Physical Accessibility to Programs and Services (S9-24-30)
… we reviewed, we identified 139 components (11 percent) where Town officials could consider taking additional steps … mats at accessible entrances. Three components at the Recycling Center, such as adequate clearance on the latch …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2025/01/31/town-babylon-physical-accessibility-programs-and-services-s9-24-30Hammond Fire District – Board Oversight (2024M-151)
… District’s financial operations are adequately accounted for and reported. Furthermore, although the Board adopted a …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/02/21/hammond-fire-district-board-oversight-2024m-151Wallace Fire District – Board Oversight (2024M-126)
… and not spent in a prudent and economical manner. For example, the Board did not use competitive methods to …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/04/04/wallace-fire-district-board-oversight-2024m-126Town of West Seneca – Audit Follow-Up (2019M-195-F)
… report - pdf ] [ read complete 2020 report - pdf ] Purpose of Review The purpose of our review was to assess the Town of West Seneca’s (Town’s) progress, as of December 2024, in … The purpose of our review was to assess the Town of West Senecas Towns progress as of December 2024 in …
https://www.osc.ny.gov/local-government/audits/town/2025/04/18/town-west-seneca-audit-follow-2019m-195-fPort Washington Union Free School District – Payroll (2025M-38)
… a total of $19 million during the audit period. Audit Summary We examined compensation totaling $449,510 that was …
https://www.osc.ny.gov/local-government/audits/school-district/2025/06/27/port-washington-union-free-school-district-payroll-2025m-38Opinion 2008-2
… or statutory amendments that bear on the issues discussed in the opinion. CONFLICTS OF INTEREST -- Exceptions … entered into prior to municipal service) -- Interests in Contract (town board member providing hauling services as … (1) (h): A newly elected town board member has an interest in a contract between the town and the board member, as a …
https://www.osc.ny.gov/legal-opinions/opinion-2008-2Opinion 88-31
… in connection with a cash bail or a partially secured bail bond is received by a court or other authorized public … §§500.10[10], 520.15[1]) or a partially secured bail bond (see CPL, §500.10[18]), the treasurer or the … to ameliorate the harsh effects of forfeiture on the surety ( see People v Public Service Mutual Insurance Company …
https://www.osc.ny.gov/legal-opinions/opinion-88-31DiNapoli: Problems Plague State's Rent Relief Program; Federal Funds To Help Renters at Risk
… the Office of Temporary and Disability Assistance (OTDA) in implementing the state’s Emergency Rental Assistance … The state’s initial rollout of the program resulted in only a small portion of the much-needed funds being … low-income and minority New Yorkers, particularly those in New York City. DiNapoli’s report details OTDA’s struggles …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-problems-plague-states-rent-relief-program-federal-funds-help-renters-riskDiNapoli Report Identifies Trends in Causes of Subway Delays
… on-time performance (OTP) last year and in the first half of 2025 remained better than in 2019, but the causes of delays have changed as riders have returned. The … is on time if it reaches its last stop within five minutes of its scheduled arrival without skipping any stops. With far …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-report-identifies-trends-causes-subway-delaysAccounts Payable Advisory No. 49
… Update: The below sections of the Guide to Financial Operations (GFO) are either new or … (SFS) effective April 1, 2018: Chapter Name Description of Change XII.5.F.1 Basis Date New section to address how the … field on the voucher. Note: This section used to be a part of XII.5.I.2. XII.5.F.4 Selecting the Appropriate Payment …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/49-gfo-updates-basis-date-invoice-received-date-mir-date-and-paymentOutstanding Violations (Follow-Up)
… Purpose To determine the extent of implementation of the four … managers did not have effective systems in place to ensure hazardous violations were resolved quickly. As a … as long as six months before the Department followed up to determine if the problems had been corrected. We concluded …
https://www.osc.ny.gov/state-agencies/audits/2014/10/15/outstanding-violations-followCity of New Rochelle - Elevator Inspections (2018M-62)
… complete report - pdf] Audit Objective Determine whether the City Bureau of Buildings (Bureau) officials ensured that … as required by the New York State Uniform Fire Prevention and Building Code (Code) or the City of New Rochelle’s (City) … of these property owners. Bureau officials did not follow up on violations/ deficiencies on the inspection reports …
https://www.osc.ny.gov/local-government/audits/city/2018/11/30/city-new-rochelle-elevator-inspections-2018m-62Andover Central School District - Financial Management (2018M-145)
… and took appropriate action to address the reasonableness of fund balance and reserves. Key Findings The Board annually … budgets that overestimated appropriations by a total of approximately $3 million (13 percent) from 2014-15 through … reasonable estimates for appropriations and the amount of fund balance that will be used to fund operations. Reduce …
https://www.osc.ny.gov/local-government/audits/school-district/2018/10/19/andover-central-school-district-financial-management-2018m-145Uncollected Penalties (Follow-Up)
… Purpose The objective of our follow-up was to assess the extent of implementation, as of April 30, 2015, … on July 31, 2013 and covered the period of April 1, 2007 to February 1, 2013. The objective was to determine whether the Department effectively pursues and …
https://www.osc.ny.gov/state-agencies/audits/2015/06/17/uncollected-penalties-followTown of Western - Supervisor’s Records and Reports (2022M-184)
… accurate financial records of Town operations and did not file required annual financial reports. As a result, the Town … discrepancies totaling $1,154 were not resolved. File the required annual update document (AUD) with New York … contained a detailed statement of cash receipts and budget status reports accurately reflected revenues and authorized …
https://www.osc.ny.gov/local-government/audits/town/2023/02/10/town-western-supervisors-records-and-reports-2022m-184