Agency Head Fined $3,600 for Failing to File Financial Disclosure Statement In a Timely Manner

Agency Head Fined $3,600 for Failing to File Financial Disclosure Statement In a Timely Manner

FOR IMMEDIATE RELEASE: April 16, 2010
CONTACT: Walter C. Ayres
                     518-474-4418

ALBANY — The State Commission on Public Integrity today announced that it has levied a civil penalty of $3,600 against Leslie Koch, President of the Governors Island Preservation & Education Corporation, for not filing her annual statement of financial disclosure when it was due. In fact, she filed it almost 10 months late.

Barry Ginsberg, Executive Director of the Commission, said, “Last year, 99.6 percent of all filers submitted their forms without having to receive a Notice of Delinquency, requiring a hearing and imposition of a civil penalty. Not only is it important that these forms be filed, it is crucial that the head of each agency demonstrate a willingness to comply with the law.”

In two previous years, Ms. Koch paid late fees of $100 and $300 after receiving delinquency notices.

The annual statements of financial disclosure are due on May 15 of each year. Because that date falls on a Saturday this year, the forms will not be due until Monday, May 17. They list assets and liabilities for the filer, the filer’s spouse and unemancipated children. Almost 90 percent of filers submit their statements electronically.