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State Comptroller DiNapoli Releases School and Local Government Audits
… P. DiNapoli today announced the following school and local government audits have been issued. Town of Addison – … funds for asset replacement. Middle Country Central School District – Extra-Classroom Activity (ECA) Funds (Suffolk County) The board and district officials did not provide proper oversight of the …
https://www.osc.ny.gov/press/releases/2023/03/state-comptroller-dinapoli-releases-school-and-local-government-auditsLGAC - Archive of Prior Meetings
… meeting of the Corporation’s Board of Directors scheduled for March 18, 2014 was postponed. The rescheduled meeting was …
https://www.osc.ny.gov/debt/lgac/archive-prior-meetingsDiNapoli Appoints Anastasia Titarchuk Chief Investment Officer of the New York State Common Retirement Fund
… New York State Comptroller Thomas P. DiNapoli today announced … as chief investment officer of the New York State Common Retirement Fund. Titarchuk has served as the Fund’s interim …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-appoints-anastasia-titarchuk-chief-investment-officer-new-york-state-common-retirement-fundCUNY Bulletin No. CU-172
… Purpose To explain agencies' procedures for processing increases and payment of the Health Specialty … 4/03/03 Health Specialty Differential will be paid in a separate check dated 4/03/03 Background The rate increases … Actions Staff Nurse and Nurse Practitioner - Annual Submit a Job Request with the action of Pay Rt Chg effective 10/1/00 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-172-salary-increases-staff-nurses-nurse-practitionersDiNapoli: 1st Quarter State Tax Receipts Modestly Higher Than Division of Budget Projections
… billion higher than those through June 2023, according to the monthly State Cash Report released by New York State … of the pass-through entity tax (PTET) on the PIT. Year-to-date consumption and use tax collections totaled $5.6 … lower than last year for the same period, primarily due to lower Medicaid disbursements. All Funds spending through …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-1st-quarter-state-tax-receipts-modestly-higher-division-budget-projectionsDiNapoli: State Tax Receipts Exceeded Updated Projections in First Quarter
… year through the quarter ending in June 2022, according to the monthly State Cash Report released by New York State … are showing signs of weakness. My office will continue to closely monitor economic conditions and what it means … in 2022 on collections from returns in April and May. Year-to-date consumption and use tax collections totaled $5.4 …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-tax-receipts-exceeded-updated-projections-first-quarterDiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… The return on investments increased the Fund’s value to an estimated $254.8 billion. “The state pension fund rode … ever. With our talented investment staff, I will continue to manage our state’s pension fund with prudence and a focus … retirement security for our members for generations to come.” The Fund's value reflects retirement and death …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyComptroller DiNapoli Releases School Audits
… did not develop procedures for managing, limiting and monitoring user accounts and permissions and securing personal, private and sensitive … compensating controls such as an independent claims audit function. Auditors also found, the president received …
https://www.osc.ny.gov/press/releases/2019/10/comptroller-dinapoli-releases-school-auditsDiNapoli: State Pension Fund Value $192 Billion
… that ended on March 31, 2017. The Fund has an estimated value of $192 billion. “Strong returns over the fiscal year, … said. “New York state’s pension fund is at a record value based on prudent long term asset allocation. We …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionComptroller DiNapoli Releases State Audits
… New York State Comptroller Thomas P. DiNapoli announced today … capital planning and delinquent accounts receivable collection practices to be generally in compliance with …
https://www.osc.ny.gov/press/releases/2015/11/comptroller-dinapoli-releases-state-auditsCost-Saving Ideas: Establishing an Effective Fleet Management System
… purchasing used mid-sized vehicles or new compact models for use by departmental staff. The used vehicles were …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-establishing-effective-fleet-management-systemState Comptroller DiNapoli Releases School District Audits
… have not adopted adequate security policies and procedures to safeguard IT assets. Further, the board has not adopted … and implementing shared services with other districts to achieve cost savings and maintain programs for students. … Auditors reviewed payroll payments totaling $4.7 million to 151 employees and found almost $418,000 in payments were …
https://www.osc.ny.gov/press/releases/2019/01/state-comptroller-dinapoli-releases-school-district-auditsEscalation – Article 14 Benefits
… it will increase or decrease each April at a rate equal to the increase or decrease in the cost-of-living index or 3 … you begin collecting your service retirement benefit prior to the full escalation date, your benefit may be eligible for … by 1/36th. If you retire more than three years prior to the full escalation date, your benefit will not be …
https://www.osc.ny.gov/retirement/publications/1644/escalationYorkshire-Pioneer Central School District – Financial Management (2015M-352)
… Purpose of Audit The purpose of our audit was to review the District’s management of financial activities … limit. The District did not have a Board-adopted policy to communicate the purpose of its reserve funds, optimal … is in compliance with statutory limits and develop a plan to reduce unrestricted fund balance in a manner that benefits …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/15/yorkshire-pioneer-central-school-district-financial-management-2015m-352Belleville-Henderson Central School District – Financial Condition (2016M-46)
… that communicates to taxpayers the optimal funding levels or conditions under which the reserves will be used. The …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/belleville-henderson-central-school-district-financial-condition-2016m-46Letchworth Central School District – Financial Management (2013M-332)
… Purpose of Audit The purpose of our audit was to examine the District’s financial management for the period … of fund balance in each of the last five fiscal years to reduce the tax levy, the Board over-estimated expenditures … officials also used some of the annual operating surpluses to fund eight general fund reserves and one debt reserve …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/31/letchworth-central-school-district-financial-management-2013m-332East Rochester Union Free School District – Financial Management and Separation Payments (2016M-97)
… which understated the amount of available unrestricted fund balance. As a result, unrestricted fund balance was actually 6.3 percent of the 2015-16 budget. … invalid encumbrances that result in circumventing the fund balance limitation. Develop written policies and …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/01/east-rochester-union-free-school-district-financial-management-andBuffalo City School District – Special Education and Grant Administration (2017M-73)
… District does not include assistive technology purchases or rentals in the calculation of costs to claim Excess Cost …
https://www.osc.ny.gov/local-government/audits/school-district/2017/06/30/buffalo-city-school-district-special-education-and-grant-administrationSalem Central School District – Internal Controls Over Extra-Classroom Activity Funds (2013M-394)
… policies and procedures for the extra-classroom activity fund. The audit identified that no training was provided to … records. Ensure that all extra-classroom activity fund cash receipts are supported by appropriate … Use pre-numbered receipts for all extra-classroom activity fund receipts. Ensure that student treasurers maintain …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/28/salem-central-school-district-internal-controls-over-extra-classroomVillage of Painted Post – Board Oversight (2017M-92)
… Purpose of Audit The purpose of our audit was to examine the Board’s oversight of Village activities for … Review the Treasurer’s monthly reports and use them to monitor actual results against the adopted budget. Perform … records or engage the services of a public accountant to conduct the audit. … Village of Painted Post Board …
https://www.osc.ny.gov/local-government/audits/village/2017/08/11/village-painted-post-board-oversight-2017m-92