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Town of Easton – Sales Tax Allocation (2014M-355)
… The purpose of our audit was to review the Town's practice for allocating sales tax revenue for the period January 1, 2013 through June 30, 2014. … population of approximately 2,300. Budgeted appropriations for 2014 were approximately $1.2 million. Key Findings Town …
https://www.osc.ny.gov/local-government/audits/town/2015/02/13/town-easton-sales-tax-allocation-2014m-355NYS Pension Fund Launches Review of Integrated Oil & Gas Companies
… States, with assets of $272.1 billion as of March 31, 2022. The Fund holds and invests the assets of the New York …
https://www.osc.ny.gov/press/releases/2022/08/nys-pension-fund-launches-review-integrated-oil-gas-companiesVIII.1.E Operating and Appropriated Transfers – VIII. Accounts Payable Journal Vouchers & General Ledger Journal Entries
… are executed by the Office of the State Comptroller Bureau of State Accounting Operations (OSC BSAO) upon request …
https://www.osc.ny.gov/state-agencies/gfo/chapter-viii/viii1e-operating-and-appropriated-transfersCity of Glens Falls – Financial Condition (2013M-150)
City of Glens Falls Financial Condition 2013M150
https://www.osc.ny.gov/local-government/audits/city/2013/08/02/city-glens-falls-financial-condition-2013m-150XIV.3.B Short Term Investment Pool (STIP) – XIV. Special Procedures
… the State Finance Law, the State Comptroller shall invest and keep invested all moneys belonging to any and all funds … Investment Pool (STIP) represents a mechanism that allows for separate accounting for individual fund receipts and disbursements AND …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3b-short-term-investment-pool-stipXIX.3 Project IDs with Multiple Funding Sources – XIX. Project Costing (PCIP)
… of PCIP, the practice of establishing a Project as equal to one funding source becomes obsolete. PCIP enables agencies to use the Project ID in SFS to manage and report on the total cost to the overall project …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix3-project-ids-multiple-funding-sourcesVillage of Endicott -- Budget Review (B17-4-7)
… Purpose of Audit The purpose of our budget review was to provide an independent evaluation of the Village's … Laws of 2004 authorized the Village of Endicott (Village) to issue debt not to exceed $2 million to liquidate the … to issue obligations to fund operating deficits to submit to the State Comptroller each year, starting with the …
https://www.osc.ny.gov/local-government/audits/village/2017/04/14/village-endicott-budget-review-b17-4-7NYS Common Retirement Fund Announces First Quarter Results
… quarter of the state fiscal year 2016-2017 was 2 percent for the three-month period ending June 30, 2016, with an … mortgages (26.7 percent), private equity (7.8 percent), real estate (7 percent), absolute return strategies (3.3 percent) …
https://www.osc.ny.gov/press/releases/2016/08/nys-common-retirement-fund-announces-first-quarter-resultsVillage of Coxsackie – Financial Condition and Water and Sewer Fund Accountability (2014M-324)
… condition and its accountability over the water and sewer funds for the period June 1, 2012 through May 31, 2014. … for the 2014-15 fiscal year for all operating funds total approximately $3.7 million. Key Findings Village … amounts due to the general fund from the water and sewer funds. For the fiscal year ending May 31, 2013, the water and …
https://www.osc.ny.gov/local-government/audits/village/2015/02/13/village-coxsackie-financial-condition-and-water-and-sewer-fund-accountabilityBolton Central School District – Financial Condition (2013M-58)
… Although the Board adopted budgets that were realistic and supported for revenues, expenditures were consistently and significantly overestimated. In addition, although the … the excessive unexpended surplus funds in a manner that benefits the taxpayers. Key Recommendations Develop and adopt …
https://www.osc.ny.gov/local-government/audits/school-district/2013/05/31/bolton-central-school-district-financial-condition-2013m-58Saranac Central School District – Investment Program (2023M-89)
… and manage a comprehensive investment program. During the 22-month audit period, the District had an average of $12.4 million in operating and debt service funds available for investing, …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/22/saranac-central-school-district-investment-program-2023m-89Town of Ira – Financial Management (2014M-280)
… budgeting practices and the level of unexpended surplus funds, resulting in a significant amount of unexpended surplus funds in the Town’s operating funds. The Board did not develop comprehensive multiyear …
https://www.osc.ny.gov/local-government/audits/town/2015/02/27/town-ira-financial-management-2014m-280January 2001: Accounting & Reporting of Expendable and Non-expendable Trusts
… are accounted for and reported in the fiduciary funds, TE Fund (Expendable) and TN Fund (Non Expendable). GASB Statement No. 34 makes significant … use the full accrual basis of accounting. As described in our June 2000 bulletin, OSC "will make the necessary …
https://www.osc.ny.gov/local-government/publications/january-2001-accounting-reporting-expendable-and-non-expendable-trustsDiNapoli: State's Cash Position is Strong
… more is on the way. The level of tax receipts is important for purposes of ongoing budget balance, and we are seeing …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-states-cash-position-strongNYS Common Retirement Fund Reports First Quarter Results
The New York State Common Retirement Funds Fund estimated return in the first quarter of the State Fiscal Year SFY 202021 was 1035 percent for the threemonth period ending June 30 2020 with an estimated value of $2163 billion according to State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsXII.6.O Paying Retainage – XII. Expenditures
… that the Business Unit will be withholding as retainage. When processing the voucher, the Business Unit should refer … account codes set up for retainage when both retaining funds as well as releasing those withheld throughout the … used when the funds were originally retained in order to release those withheld throughout the contract period. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6o-paying-retainageDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… meet the challenges and risks of an increasingly volatile global market.” The FAS review determined that DiNapoli met … and hard work of our investment staff,” Fuller said. “Global financial markets have changed dramatically over the …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingDiNapoli: Tax Collections Exceed Projections Through First Half of Fiscal Year
… we still need to see how holiday sales and Wall Street bonuses contribute to the state’s financial position over the …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collections-exceed-projections-through-first-half-fiscal-yearOpinion 91-42
… DEPARTMENT -- Villages (authority to transfer department funds to village treasurer); (cooperative investment of department funds and village funds); (gift of department funds to village subject to …
https://www.osc.ny.gov/legal-opinions/opinion-91-42Leading the Way on Climate Investment
… markets, and the Fund’s investments. Managing these risks is integral to protecting the Fund’s investments, and … on the opportunities that arise from the transition to a net-zero economy is similarly critical to ensuring that the … of gas utilities, Scope 3 disclosure and targets, capital allocation alignment and just transition with Duke …
https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investment