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Gananda Central School District – Financial Condition (2014M-62)

… our audit was to assess the District’s financial condition for the period July 1, 2012 through January 8, 2014. … Background The Gananda Central School District is located in Wayne County and is governed by the Board of Education, … elected members. The District’s budgeted expenditures for the 2013-14 fiscal year totaled $19,966,154. Key Finding …

https://www.osc.ny.gov/local-government/audits/school-district/2014/04/04/gananda-central-school-district-financial-condition-2014m-62

Village of North Syracuse – Claims Audit (2014M-131)

… 2013. Background The Village of North Syracuse is located in Onondaga County and has a population of approximately …

https://www.osc.ny.gov/local-government/audits/village/2014/07/18/village-north-syracuse-claims-audit-2014m-131

Town of German – Supervisor’s Records and Reports (2023M-54)

… of fire protection fund revenues in the general fund for the 2020 through 2022 fiscal years. Did not provide …

https://www.osc.ny.gov/local-government/audits/town/2023/07/14/town-german-supervisors-records-and-reports-2023m-54

DiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter

… estimated value of the New York State Common Retirement Fund Fund was $2746 billion at the end of the second quarter …

https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarter

Schuyler County Industrial Development Agency – Project and Sublease Approval and Monitoring (2014M-369)

… criteria and processes for monitoring projects. Recapture provisions do not include specific requirements for recourse … ensure compliance with agreement terms. Enforce recapture provisions if a sublessee does not meet performance …

https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2015/04/28/schuyler-county-industrial-development-agency-project-and

Ordinary Death Benefit – Career Plan

… may be entitled to an ordinary death benefit, in lieu of a monthly pension, if your death is not attributable to an … at least one year of service since last joining the Retirement System and your death occurs: While you are on the … extended for an additional two years) following the last date you were paid on the payroll, provided your employment …

https://www.osc.ny.gov/retirement/publications/1642/ordinary-death-benefit

Ordinary Death Benefit – Non-Contributory Plan with Guaranteed Benefits

… may be entitled to an ordinary death benefit, in lieu of a monthly pension, if your death is not attributable to an … at least one year of service since last joining the Retirement System and your death occurs: While you are on the … extended for an additional two years) following the last date you were paid on the payroll, provided your employment …

https://www.osc.ny.gov/retirement/publications/1513/ordinary-death-benefit

Ordinary Death Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)

… may be entitled to an ordinary death benefit, in lieu of a monthly pension, if your death is not attributable to an … at least one year of service since last joining the Retirement System and your death occurs: While you are on the … extended for an additional two years) following the last date you were paid on the payroll, provided your employment …

https://www.osc.ny.gov/retirement/publications/1511/ordinary-death-benefit

City of Salamanca – Employee Benefits (2023M-96)

… complete report – pdf] Audit Objective  Determine whether City of Salamanca (City) separation payments were properly authorized, … included $3,400 paid to one employee that did not leave City employment. One payment totaling approximately $45,000 … Determine whether City of Salamanca City separation payments were properly …

https://www.osc.ny.gov/local-government/audits/city/2023/11/22/city-salamanca-employee-benefits-2023m-96

Hannibal Fire Company – Misappropriation of Funds (2023M-59)

… whether the Hannibal Fire Company (Company) Board of Directors (Board) established adequate controls over cash … The Board also did not obtain an annual independent audit of Company records, as required. At the onset of the audit, we learned the former Treasurer was deceased. …

https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2023/07/21/hannibal-fire-company-misappropriation-funds-2023m-59

Orange County – Consumer Protection: Accuracy of Weights and Measures (S9-24-5)

… whether the Orange County (County) Department of Weights and Measures (Department) completed required testing of all weighing and measuring devices used to price goods and whether complete records were maintained.  Key Findings … whether the Orange County County Department of Weights and Measures Department completed required testing of all …

https://www.osc.ny.gov/local-government/audits/county/2024/09/03/orange-county-consumer-protection-accuracy-weights-and-measures-s9-24-5

Electronic Reporting

… unlimited accounts Web-based application - no downloads required Secure communication - data is secure Complete and … Protocol (SFTP) or mailed files on CD, DVD or other media, you will need to use a different method to send your …

https://www.osc.ny.gov/unclaimed-funds/reporters/electronic-reporting

Comptroller DiNapoli Releases School Audits

… School District and the Onteora Central School District . “In an era of limited resources and increased accountability, … period 2009-10 through 2013-14, accumulated fund balance in the general fund increased from $6.6 million to $9.8 …

https://www.osc.ny.gov/press/releases/2015/07/comptroller-dinapoli-releases-school-audits

DiNapoli: State Pension Fund Reaches Record High of $183.5 Billion

… P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) reached a record estimated value of … best-funded pension plans. The New York State and Local Retirement System provides retirement security to more than one million active state and …

https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billion

2016 Financial Condition Report – 2016 Financial Condition Report

… large balance, which enhances budgetary flexibility in the near term and is expected to support increased capital …

https://www.osc.ny.gov/reports/finance/2016-fcr

City of Cohoes Industrial Development Agency - Legislative Reform Compliance (2019M-106)

… Board did not ensure that: Adequate cost-benefit analyses for proposed projects were developed before project approval. Annual project status reports were submitted in a timely manner. Annual assessments of progress toward … Ensure annual project status reports are submitted in a timely manner. Annually assess the progress of projects …

https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2019/08/23/city-cohoes-industrial-development-agency-legislative

Town of Moriah - Cash Management (2019M-169)

… Audit Objective Determine whether Town officials maximized interest earnings. Key Findings The Board did not develop and manage a comprehensive investment program to ensure interest earnings were maximized. Had the Supervisor invested … funds in a financial institution with higher available interest rates, revenue would have increased by $80,688 …

https://www.osc.ny.gov/local-government/audits/town/2019/11/27/town-moriah-cash-management-2019m-169

Operational Advisory No. 25

… (OSC) has instructed SFS to execute the transaction clean-up activities necessary to ensure SFS data complies with … are encouraged to review transactions not yet complete and clean up transactions to meet these dates. Please contact the …

https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/25-data-quality-advisory

Town of Queensbury - Information Technology (2018M-224)

… use policy, or developed a formal disaster recovery plan. In addition, sensitive IT control weaknesses were … Key Recommendations Implement strong access controls, in part, by removing or disabling unnecessary local user …

https://www.osc.ny.gov/local-government/audits/town/2019/03/22/town-queensbury-information-technology-2018m-224

DiNapoli: Investors Expand Corporate Disclosure of Political Spending

… to the company’s long-term interests and cause real damage to a company’s reputation. Investors need increased … proposal received strong support from fellow shareholders at several other companies, and received majority votes at Dean Foods (51.8 percent) and Valero Energy (51.6 …

https://www.osc.ny.gov/press/releases/2014/07/dinapoli-investors-expand-corporate-disclosure-political-spending