This report compares traditional defined benefit (DB) pension plans with 401(k)-type defined contribution (DC) retirement savings plans. DB plans are generally secure, predictable and efficient, but may prove to be a bigger economic burden than DC plans.
The Administration for Children's Services lists assistance to prevent the need for foster care as one of four components of its child welfare service system. The transition from a system that emphasizes foster care to one that focuses on preventing the need for foster care has been unsteady. This report looks at changes in the city's foster care and preventive services programs over the last decade, including enrollment, spending, and funding.
Various audit reports were compiled of the Minority And Women-Owned Business Enterprises Program and filed on December 22, 2010. The audits of the Program found a common issue in the administration of the program: the lack of compliance with key provisions of Local Law 129 concerning agency monitoring of M/WBE participation goals of vendors to ensure that subcontractor utilization goals are achieved. Recommendations were made to rectify the lack of effective monitoring of the program at the agency and oversight level.
This audit reviewed the results of audit reports for three CIty agencies that examined the recoupment of change order costs that were necessitated by design errors and omissions.
An audit report was filed on March 12, 2013 as a compilation of audits of the City's oversight of construction management consultants. It was determined that deficiencies and problems with overseeing the work of construction management consultants and failing to complete projects on time resulted in the expenditure of $22.13 million in additional construction management consultant costs. Furthermore, deficient oversight led to $3.3 million in inappropriate and questionable payments to a consultant, and $8.25 million in monetary penalties for failure to complete certain projects on-time. Recommendations were made to rectify these issues.
The City's Comptroller Office conducted a series of audits on the administration and controls of overtime by City agencies. From the audits, it was found that there is a general lack of compliance with the rules, procedures, regulations, and policies governing overtime. There is a threat of overtime abuse due to inadequate management. Recommendations have been made to all agencies to try to solve these problems.