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OSC’s audits have resulted in cost savings for the State of New Jersey and inspired legislative reforms. A 2010 audit found that nearly one in six state phone lines was unused, and cutting them off resulted in the State saving $3.2 million annually. [5]
In the United States, a more-detailed version of the report, called a Form 10-K, is submitted to the U.S. Securities and Exchange Commission. [2] A publicly held company may also issue a much more limited version of an annual report, which is known as a "wrap report." A wrap report is a Form 10-K with an annual report cover wrapped around it. [3]
At that point, New Jersey had administrative costs per pupil of $1,700, the highest cost of any state in the nation. [6] In the summer of 1995, the New Jersey Legislature passed a bill enabling state aid to be withheld from schools that spent more than 30% on administrative costs and requiring the release of more financial data. [1]
Similarly, in 2009, 355.5 direct FTEs were created at an average cost of $193,333 or, again if indirect effects are considered, 1,542.3 FTEs were created at a cost of $44,561. Taken together, the report concludes that the net revenue impact on the state was a cost of $30.8 million in FY2008-09, $91.4 million in FY2009-10, $111.8 million in FY ...
According to the report, NJ Transit’s board unanimously approved $53.6 million for moving, furnishing and building costs to outfit the agency’s new headquarters at 2 Gateway in Newark ...
Lawmakers in the assembly education committee approved a bill Thursday that would eliminate annual teacher evaluations, despite opposition from a majority of New Jersey’s education stakeholders ...