Comptroller DiNapoli Releases School District Audits
New York State Comptroller Thomas P. DiNapoli today announced the following school district audits have been issued.
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Comptroller DiNapoli Releases Annual Review of MTA Finances
The Metropolitan Transportation Authority (MTA) projects large operating budget gaps and has significant unfunded capital needs. With less than four months before the start of its new fiscal year, there are still questions regarding the MTA’s plan to balance its 2020 budget and narrow the out-year budget gaps, according to New York State Comptroller Thomas P. DiNapoli’s annual report on the MTA’s financial plan.
State Comptroller DiNapoli Releases Audits
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued.
DiNapoli: Comprehensive Planning Needed for Billions in State Infrastructure Spending
New York state expects to spend an average of $13.4 billion in each of the next five years on capital projects, but would benefit from a more comprehensive assessment of its capital assets and needs, according to a report released today by State Comptroller Thomas P. DiNapoli.
State Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
New York State Comptroller Thomas P. DiNapoli today announced the New York State and Local Retirement System (NYSLRS) employer contribution rates for State Fiscal Year 2020-21 will remain the same as the previous year for the Employees’ Retirement System (ERS) with a small increase in rates for the Police and Fire Retirement System (PFRS).
DiNapoli is also dropping the long-term assumed rate of return on investments from 7 percent to 6.8 percent, anticipating a lower return investment environment.
Comptroller DiNapoli Releases School Audits
New York State Comptroller Thomas P. DiNapoli today announced the following school district audits have been issued.
Buffalo City School District – Charter School Tuition Billing (Erie County)
District officials did not include the proper formula for the Public Excess Cost Aid (PECA) set-aside amount in the billing template they provided to charter schools. Instead, they used an outdated formula to determine the set-aside for tuition billing.
Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
State Contract and Payment Actions in July
In July, the Office of the State Comptroller approved 1,627 contracts for state agencies and public authorities valued at $2.9 billion and approved more than 1.8 million payments worth nearly $7.9 billion. The office rejected 123 contracts and related transactions valued at $250 million and nearly 1,300 payments valued at more than $9.8 million. More information on these contracts and payments is available at www.openbooknewyork.com.
DiNapoli: Farms Generated $5.7 Billion for New York Economy
New York state farms generated $5.7 billion in revenue in 2017, according to a report released today by State Comptroller Thomas P. DiNapoli.
Comptroller DiNapoli Releases School District Audits
New York State Comptroller Thomas P. DiNapoli today announced the following school district audits have been issued.
Elmira Heights Central School District – Nonresident Tuition (2019M-120)
Although district officials billed most nonresident tuition accurately and timely, they did not timely bill for nonresident students placed in the district.