Tag: Dennis E. Hoyle
State audit highlights unemployment fraud, other financial shortcomings in FY 2020
PROVIDENCE – The COVID-19 pandemic has laid bare long-standing problems in the technology, staffing and financial reporting and accounting practices across a host of...
R.I. retirement system net position hits $9.6B in FY2019
PROVIDENCE – The Employees Retirement System of the State of Rhode Island increased its net position by $344 million to $9.6 billion in fiscal...
R.I.’s Single Audit finds shortcomings in state IT planning, execution
PROVIDENCE – The lack of a state government strategic plan to replace and enhance key financial systems is but one conclusion reached in the...
State worker pension system had strong returns in ’17 but liability...
PROVIDENCE – Despite growing $686 million in fiscal 2017, the financial health of the state’s retirement system by some measures has declined in recent...
Auditor General: R.I. falls short in fiscal 2017 but cash reserves...
PROVIDENCE – Rhode Island posted a deficit of $110.7 million in fiscal 2017, according to the annual audit of the state’s fiscal position conducted...
PawSox owners share confidential financial details with state officials
PROVIDENCE – After mounting pressure to share more detailed financial statements, Pawtucket Red Sox owners on Wednesday met with state officials to do so...
Auditor General: R.I. paid $402M in UHIP, HealthSource RI computer expenses
PROVIDENCE – The R.I. Auditor General released a report Thursday that found the state has paid $402.3 million for a new unified computer system...