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Tioga Central School District – Cash Management (2020M-83)
… did not develop and manage a comprehensive investment program or comply with the District’s investment policy. Had …
https://www.osc.ny.gov/local-government/audits/school-district/2020/11/13/tioga-central-school-district-cash-management-2020m-83Town of Saranac - Cash Management (2019M-32)
… Town officials maximized interest earnings and minimized bank fees. Key Findings The Board did not develop and manage … program to ensure interest earnings were maximized and bank fees were minimized. Had the Supervisor invested … by $56,324 during the audit period. The Town incurred bank fees totaling $3,327 while receiving $920 in interest …
https://www.osc.ny.gov/local-government/audits/town/2019/09/13/town-saranac-cash-management-2019m-32Pembroke Central School District - Investment Program (2023M-130)
… (District) officials developed and managed a comprehensive investment program. Key Findings District officials did not develop and manage a comprehensive investment program. From January 1, 2022 through April 30, 2023, the District earned investment earnings totaling over $153,000 from money on …
https://www.osc.ny.gov/local-government/audits/school-district/2024/04/19/pembroke-central-school-district-investment-program-2023m-130Village of Greene – Investment Program (2023M-112)
… (Village) officials developed and managed a comprehensive investment program. Key Findings Village officials developed a comprehensive investment program but did not effectively manage the … Had officials considered other legally permissible investment options, the Village may have earned approximately …
https://www.osc.ny.gov/local-government/audits/village/2023/12/01/village-greene-investment-program-2023m-112Schenectady County – Investment Program (2025M-5)
… or consider other legally permissible investment options. In addition, County officials did not create a comprehensive … funds (monthly average of $112 million) in a money market account at a banking institution. The … with our recommendations, and their response is included in Appendix B. We conducted this audit pursuant to Article V, …
https://www.osc.ny.gov/local-government/audits/county/2025/08/08/schenectady-county-investment-program-2025m-5Greenville Fire District – Investment Program (2023M-106)
… four objectives of a comprehensive investment program - legality, safety, liquidity and yield - when investing …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/12/29/greenville-fire-district-investment-program-2023m-106Village of Corinth – Investment Program (2023M-146)
… earned $1,516 from money on deposit in the Village’s two checking accounts, which had an average monthly available balance of $4.8 million. Had … the Village may have earned an additional $148,755 in interest earnings. Village officials did not: Solicit …
https://www.osc.ny.gov/local-government/audits/village/2024/04/05/village-corinth-investment-program-2023m-146Hammondsport Central School District – Investment Program (2024M-63)
… Central School District (District) officials developed and managed a comprehensive investment program. Key Findings The Board of Education (Board) and District officials did not develop and manage a comprehensive investment program. From July 1, … Central School District District officials developed and managed a comprehensive investment program …
https://www.osc.ny.gov/local-government/audits/school-district/2024/08/30/hammondsport-central-school-district-investment-program-2024m-63State Comptroller DiNapoli Releases Municipal & School Audits
… interest rates, prepare monthly cash flow forecasts to estimate funds available to invest or solicit interest … have been able to avoid increasing the 2023-24 tax levy. Lake Placid Central School District – Investment Program (Essex …
https://www.osc.ny.gov/press/releases/2023/10/state-comptroller-dinapoli-releases-municipal-school-audits-1Depew Union Free School District – Investment Program (2023M-77)
… interest rate quotes. Over a 16-month period, officials missed an opportunity for the District to realize …
https://www.osc.ny.gov/local-government/audits/school-district/2023/10/20/depew-union-free-school-district-investment-program-2023m-77Saranac Central School District – Investment Program (2023M-89)
… (District) officials developed and managed a comprehensive investment program. Key Findings District officials did not develop and manage a comprehensive investment program. During the 22-month audit period, the … funds available for investing, and earned $154,099 in investment earnings. Had officials utilized their investment …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/22/saranac-central-school-district-investment-program-2023m-89Lansing Fire District – Investment Program (2023M-62)
… General Municipal Law Section 39. The District earned interest totaling approximately $9,000 from the District’s … legally permissible investment options or formally solicit interest rate quotes that may have resulted in higher interest …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/09/01/lansing-fire-district-investment-program-2023m-62Onondaga Cortland Madison Board of Cooperative Educational Services – Cash Management (2023M-40)
… – pdf] Audit Objective Determine whether Onondaga Cortland Madison Board of Cooperative Educational Services (BOCES) … audit onondaga cortland madison BOCES cash management …
https://www.osc.ny.gov/local-government/audits/boces/2023/06/02/onondaga-cortland-madison-board-cooperative-educational-services-cash-managementHamilton Fulton Montgomery Board of Cooperative Educational Services – Investment Program (2023M-116)
… funds in financial institutions that offered a competitive yield. Prepare monthly cash flow forecasts to monitor and … investment program – legality, safety, liquidity and yield – when investing available funds. BOCES officials …
https://www.osc.ny.gov/local-government/audits/boces/2023/12/22/hamilton-fulton-montgomery-board-cooperative-educational-services-investmentUpstate New York Company Delivers $450,000 Investment Gain To The State Pension Fund
… Private Equity Investment Program has helped grow the pension fund while supporting jobs and fueling local … economies. Our program continues to serve as a model for public pension funds around the country looking to develop … New York State Common Retirement Fund, the third largest public pension plan in the United States with more than one …
https://www.osc.ny.gov/press/releases/2015/02/upstate-new-york-company-delivers-450000-investment-gain-state-pension-fundLake Placid Central School District – Investment Program (2023M-94)
… Prepare monthly cash flow forecasts and consider legality, safety, liquidity and yield when investing …
https://www.osc.ny.gov/local-government/audits/school-district/2023/10/20/lake-placid-central-school-district-investment-program-2023m-94Dryden Central School District - Cash Management (2020M-61)
… [ read complete report - pdf ] Audit Objective To determine whether District … and manage a comprehensive investment program. Prepare monthly cash flow forecasts to estimate available funds for …
https://www.osc.ny.gov/local-government/audits/school-district/2020/08/28/dryden-central-school-district-cash-management-2020m-61Marathon Joint Fire District – Investment Program (2023M-76)
… The District earned interest totaling approximately $2,000 from the District’s checking and savings accounts, which had an average daily balance of approximately $567,000 during the audit period. However, the District could have …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/10/20/marathon-joint-fire-district-investment-program-2023m-76Chautauqua County – Investments and Payroll (2016M-147)
… The objectives of our audit were to review the County’s investment program and salaries and fringe benefit payments for the … invest funds in accordance with the County’s adopted investment policy or General Municipal Law (GML). Not all …
https://www.osc.ny.gov/local-government/audits/county/2015/12/23/chautauqua-county-investments-and-payroll-2016m-147State Comptroller DiNapoli Releases Municipal & School Audits
… reasonable levels of fund balance as the district’s Dec. 31, 2022 fund balance was enough to fund nearly two and … county officials: overestimated revenues by a total of $1.6 million, an average of $410,000 or 29% each year, from 2019 … services in 10-month public and summer placements. As a result, as of April 30, 2023, the district will not benefit …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-dinapoli-releases-municipal-school-audits