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Killexams 4H0-004 Dumps | Lastest Cheat Sheet of Hyperion 4H0-004 Test Prep. - alphernet.com.au

4H0-004 | HCP-Hyperion System 9 Financial Management 4.1

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4H0-004 - HCP-Hyperion System 9 Financial Management 4.1 - braindump

Vendor Hyperion
Exam Number 4H0-004
Exam Name HCP-Hyperion System 9 Financial Management 4.1
Questions 104 Q & A
Updated On Click to Check Update
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Test Number : 4H0-004
Test Name : HCP-Hyperion System 9 Financial Management 4.1
Vendor Name : Hyperion
Q&A : 104 Dumps Questions

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HCP-Hyperion System 9 Financial Management 4.1 exam

Nassau County comptroller to audit bridge authority | 4H0-004 Dumps and Real test Questions with VCE Practice Test

by Anthony Rifilato

Nassau County Comptroller Jack Schnirman says he'll audit the county’s bridge authority, which operates the Atlantic seashore Bridge, explaining that a complete financial review of the agency, which for years had a attractiveness for patronage and cronyism, become lengthy late.

Schnirman, the previous lengthy beach metropolis manager who changed into elected comptroller in November, talked about that the circulation comes as part of his group’s ongoing chance-assessment stories and after he acquired a lot of requests on his workplace’s record It, Reform It tip line, dependent when he took workplace in January.

“a lot of cash strikes throughout the bridge authority, so it is crucial they have got strong fiscal controls in region,” Schnirman spoke of. “Any entity that always collects money from the public should have cash controls in area that protect towards fraud.”

The bridge connects the Nassau throughway, in any other case called State Route 878, to Park road in Atlantic seaside, and fees drivers $2 per trip, or $15 for a 20-commute card. Motorists can also buy an infinite-commute decal, which prices Nassau County residents $one hundred thirty and non-residents $one hundred seventy five.

as the Herald mentioned in February, after years of perceived concerns of mismanagement and patronage, Moody’s buyers service issued the Nassau County Bridge Authority a excessive bond rating in line with robust monetary management and the latest completion of a $10 million renovation of the Atlantic beach Bridge. Moody’s upgraded the bridge authority’s bond score — a monetary score that impacts the skill to borrow money — to an average A2, citing a few components, including reducing full-time personnel to the lowest levels in its background, from fifty five to 32, and using assorted charge-slicing measures.

Bridge Authority government Director Vincent Grasso spoke of that his workplace was counseled in regards to the county audit last week, and would cooperate utterly. “An examination of our finances changed into done with the aid of Moody’s, and that they upgraded our bond ranking, and that they diagnosed that we cut the group of workers by means of 40 p.c and haven’t raised tolls in 10 years and don’t predict to carry tolls for at least 5 extra,” Grasso observed. “additionally, we additionally simply finished an enormous rehabilitation of the bridge’s … span.”

Schnirman spoke of that youngsters that it oversees the most effective toll bridge on long island, the authority has no longer had an audit in two decades. The closing evaluate via the state comptroller’s workplace, in 1998, overlaying fiscal years 1994 to 1997, found that 71 % of the bridge authority’s toll profits went to paying workforce, he observed.

“an outside audit hasn’t been done in 20 years, and it’s long past due,” Schnirman said. “We’re going to ask the questions on no matter if the tolls collected are going to the correct location, and whether it’s being run in a good manner.”

The 1998 audit counseled a couple of the way to boost effectivity, together with automating some toll cubicles to cut down on the number of toll collectors, giving Atlantic seaside residents a circulate that can be renewed by using mail every yr, and looking into becoming a member of E-ZPass.

“Most individuals are moving towards cashless tolling,” Schnirman pointed out, “and this audit will ask the query of no matter if that’s whatever that allows you to make experience in Nassau.”

He brought that his workplace would also overview the agency’s policies, processes and controls: how tolls are accrued and spent; how cash is managed; safeguards at present in place to ensure that cash is being accounted for; staffing and hiring; and the way the authority manages employee benefits and depart.

Grasso pointed out that cash controls are already in vicinity, and that the 1998 audit led to a collection of reforms. In its file, Moody’s spoke of that the authority — which at present has a total working price range of $4.1 million, with $1.9 million earmarked for salaries — is now leading the manner in “effectivity, transparency and first rate govt,” calling it a “grand slam” of success.

“Moody’s would now not provide us a bond upgrade if we have been posting a deficit,” Grasso pointed out, including that the bridge authority generated $6.5 million in revenue within the current fiscal yr, with $4.6 million in prices.

He delivered that the bridge authority is discipline to an impartial audit every 12 months, and that the state’s Authorities finances office, which oversees the operations and price range of public authorities, audited the agency in 2008 and counseled policy and procedural adjustments.

“For the past 10 years it’s been conducted by an impartial forensic auditor, and that they’ve certainly not had any findings,” said Grasso, who became appointed government director in 2008. “There’s certainly not been a discrepancy in the price range in more than 10 years.”

As for switching to E-ZPass, Grasso stated that the toll-collection equipment’s charges would likely reduce income.

“That has been a longtime criticism, however we’ve executed reports to check the feasibility of E-ZPass,” Grasso observed. “it could come to be costing the residents more — it doesn’t carry the identical degree of efficiency. E-ZPass is a non-public enterprise, and that they cost for every transaction — they get a bit of it. And once you have a contract with E-ZPass, you don’t basically have to any extent further handle over how lots they’re going take.”

Tyler Marko and Jeff Bessen contributed to this story.


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