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April 09, 2016

Selected reports issued by the Office of the State Comptroller during the week ending April 9, 2016


Selected reports issued by the Office of the State Comptroller during the week ending April 9, 2016
Click on text highlighted incolor to access the entire report

State Comptroller’s auditors stop $25 million in suspicious tax refunds
State Comptroller Thomas P. DiNapoli announced his office stopped $25 million in questionable or fraudulent personal income tax refunds from being paid so far in 2016.
http://www.osc.state.ny.us/press/releases/apr16/040716.htm?utm_source=weekly+news&utm_medium=email&utm_term=tax+refunds&utm_content=20160410&utm_campaign=fiscal+oversight


Franklin Central School District saves $256,000 in health care costs
Franklin Central School District officials saved more than $800,000 in health insurance costs by switching carriers and offering employees a buyout incentive, according to an auditreleased by New York State Comptroller Thomas P. DiNapoli.
http://www.osc.state.ny.us/press/releases/apr16/040616.htm?utm_source=weekly+news&utm_medium=email&utm_term=school+audit&utm_content=20160410&utm_campaign=fiscal+oversight


State Comptroller and the Attorney General announce $10.75 million oil spill settlement reached with Exxon Mobil
State Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman announced a $10.75 million settlement with Exxon Mobil Corporation and ExxonMobil Oil Corporation, individually and as successors-in-interest to Mobil Oil Corporation and Mobil Corporation, to reimburse the New York Environmental Protection and Spill Compensation Fund (Oil Spill Fund) for oil spill cleanup and petroleum contamination removal costs at eight locations across the state. The settlement reimburses the Oil Spill Fund for all of its costs with interest for the eight sites. http://www.osc.state.ny.us/press/releases/apr16/040716a.htm?utm_source=weekly+news&utm_medium=email&utm_term=corporate+governance&utm_content=20160410&utm_campaign=pension+fund


School audits completed:

Canajoharie Central School District, Financial Condition and Extra-Classroom Activity Fund

Delaware-Chenango-Madison-Otsego BOCES, Procurement of School Food

East Moriches Union Free School District - Review of the District’s budget for the 2016-17 fiscal year

Fishers Island Union Free School District - Five Point Plan

Franklin-Essex-Hamilton BOCES - Payroll

Indian Lake Central School District - Claims Auditing

Liberty Central School District - Financial Operations

Longwood Central School District - Purchasing

Minerva Central School District - Payroll

Newark Valley Central School District - Financial Management

Questar III BOCES - Purchasing

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