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State Comptroller DiNapoli Announces Municipal Audits
… Gas through Aggregators (2018MS-5) Local governments and school districts did not always evaluate procurement options … benchmark rates to ensure they received the lowest prices for electricity and natural gas. Five of seven entities … Cortland and Oneida; and North Syracuse Central School District) spent approximately $2.4 million more for …
https://www.osc.ny.gov/press/releases/2019/02/state-comptroller-dinapoli-announces-municipal-auditsTown of Centerville – Town Clerk/Tax Collector (2021M-75)
… The Clerk did not: Properly record dates of collections for Clerk fees on 21 of 29 daily collections totaling $438 … all tax collections within 24 hours as required. Remit real property tax collections to the Town Supervisor … manner. Key Recommendations The Clerk should: Maintain accounting records that properly document dates of …
https://www.osc.ny.gov/local-government/audits/town/2021/08/13/town-centerville-town-clerktax-collector-2021m-75State Comptroller DiNapoli Releases Municipal Audits
… P. DiNapoli today announced his office completed audits of the Town of Berkshire , Bethlehem Public Library , Town of Cherry Valley , City of Cohoes , Town of Deerpark , Town …
https://www.osc.ny.gov/press/releases/2014/11/state-comptroller-dinapoli-releases-municipal-auditsMalverne Union Free School District – Extra-Classroom Activity Funds (2024M-84)
… Audit Objective Determine whether the Malverne Union Free School District (District) Extra-Classroom Activity (ECA) clubs and … forms, sign checks as appropriate, maintain independent accounting records and retain supporting records for …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/11/malverne-union-free-school-district-extra-classroom-activity-funds-2024mOpinion 96-10
… Fund (transfer into general fund) FIRE DISTRICTS -- Powers and Duties (transfer from capital reserve fund into general … fund prohibited) GENERAL MUNICIPAL LAW, §6-g: A fire district board of commissioners may not authorize the … unexpended balance of a capital reserve fund established for the acquisition of new equipment into the general fund. …
https://www.osc.ny.gov/legal-opinions/opinion-96-10State Comptroller DiNapoli Releases School Audits
… Thomas P. DiNapoli today announced the following school audits were issued. Alden Central School District – Fuel Management (Erie, Genesee and Wyoming … inhibited effective financial management and justification for the levels of accumulated fund balance and reserves. Lyme …
https://www.osc.ny.gov/press/releases/2024/11/state-comptroller-dinapoli-releases-school-auditsXI.11.G Equipment Acquisition – XI. Procurement and Contract Management
… procurement of equipment, including: Establishment of need for the equipment; Determining the method of acquisition for the equipment; and Required approvals and other considerations. … for Approval of Personal Property (Equipment) And Real Property State Supported Bonds …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi11g-equipment-acquisitionIV.1 Overview – IV. Accounting Codes - Uses and Descriptions
… The Statewide Financial System (SFS) provides for the preparation of financial statements prepared on both a budgetary and GAAP-basis of accounting, subject to appropriation/segregation controls. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv1-overviewNYS Common Retirement Fund Announces Third Quarter Results
… quarter of state fiscal year 2016-2017 was 1.11 percent for the three-month period ending Dec. 31, 2016, with an … mortgages (26.8 percent), private equity (7.7 percent), real estate (6.8 percent), absolute return strategies (3.2 …
https://www.osc.ny.gov/press/releases/2017/02/nys-common-retirement-fund-announces-third-quarter-resultsDiNapoli: IDA Report Shows Tax Break Growth Slows
… The report also showed that downstate regions accounted for 57 percent of the total net jobs gained through IDA … by manufacturing (21 percent), and finance, insurance and real estate (18 percent). Temporary construction jobs totaled … upstate regions reported net job gains, with the Capital District adding the most (23,900). Long Island led the …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-ida-report-shows-tax-break-growth-slowsComptroller's NYS Common Retirement Fund Responsibilities
… As the sole trustee responsible for the New York State Common Retirement Fund (Fund), … for the Retirement System Investment Advisory Committee Real Estate Advisory Committee Actuarial Advisory Committee Audit …
https://www.osc.ny.gov/common-retirement-fund/responsibilitiesHamilton Central School District – Procurement (2020M-168)
… - pdf ] Audit Objective Determine whether Hamilton Central School District (District) officials sought competition for the purchase of goods and services not subject to …
https://www.osc.ny.gov/local-government/audits/school-district/2021/03/26/hamilton-central-school-district-procurement-2020m-168NY State Common Retirement Fund Selects New Deputy Chief Investment Officer
… to the position of Deputy Chief Investment Officer for the $181.7 billion New York State Common Retirement Fund. … portfolio of public and private equities, fixed income, real estate and alternative instruments. … New York State …
https://www.osc.ny.gov/press/releases/2015/02/ny-state-common-retirement-fund-selects-new-deputy-chief-investment-officerState Comptroller DiNapoli Releases School District Audits
… Thomas P. DiNapoli today announced the following school district audits were issued. Phelps-Clifton Springs Central … officials did not maintain complete, accurate and timely accounting records and reports to allow officials to …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-school-district-auditsNYS Common Retirement Fund Reports Second Quarter Results
… of the State Fiscal Year 2018-2019 was 3.47 percent for the three-month period ending September 30, 2018, with an … mortgages (23.0 percent), private equity (8.4 percent), real estate and real assets (7.6 percent) and absolute return …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsNorth Colonie Central School District – Claims Processing (2013M-9)
… of Audit The purpose of our audit was to evaluate the District’s internal controls over the claims audit process for the period July 1, 2011, to September 30, 2012. Background The North Colonie Central School District (District) is located in the Town of Colonie, …
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/29/north-colonie-central-school-district-claims-processing-2013m-9Town of Carroll – Internal Controls Over Selected Financial Activities (2013M-221)
… Audit The purposes of our audit were to review the Town’s accounting records and reports, and assess the internal controls over justice court operations for the period January 1, 2012, through May 22, 2013. We … year totaled $555,463 and were funded primarily with real property taxes and State aid. Two Town justices have …
https://www.osc.ny.gov/local-government/audits/town/2014/03/21/town-carroll-internal-controls-over-selected-financial-activities-2013m-221State Comptroller DiNapoli Releases Municipal & School Audits
… today announced the following local government and school audits were issued. City of Little Falls – Financial … for their lack of corrective action. Scio Central School District – Capital Assets (Allegany County) District … did not record all financial activity using proper accounting procedures. As a result, inadequate records and …
https://www.osc.ny.gov/press/releases/2024/07/state-comptroller-dinapoli-releases-municipal-school-audits-0Otego-Unadilla Central School District – Financial Condition (2013M-84)
… of Audit The purpose of our audit was to examine the District’s financial condition for the period July 1, 2011, to January 22, 2013. Background The Otego-Unadilla Central School District is located in the Towns of Otego, Unadilla, …
https://www.osc.ny.gov/local-government/audits/school-district/2013/06/14/otego-unadilla-central-school-district-financial-condition-2013m-84DiNapoli Announces State Contract and Payment Action for March 2017
… waste or other improprieties. Cumulatively through March for calendar year 2017, DiNapoli's office has approved 4,830 … town of North Hempstead and $221,000 grant to the Capital District Regional Planning Commission for local government … Inc. to construct and renovate the University of Buffalo's School of Medicine and Biomedical Sciences. State University …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-announces-state-contract-and-payment-action-march-2017