Search
Town of Lindley – Financial Management (2012M-226)
… though the Board received monthly budget-to-actual reports from the Supervisor, they consistently underestimated …
https://www.osc.ny.gov/local-government/audits/town/2013/02/22/town-lindley-financial-management-2012m-226Town of Lincoln – Financial Management (2013M-245)
… 31, 2012, the Board accumulated unexpended surplus funds in the general fund totaling $458,698, which were … plan or establish reserves to ensure unexpended surplus funds will be used as this Board intends, or in other ways to … Develop a formal plan to use the unexpended surplus funds in the general fund in a manner that will benefit …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-lincoln-financial-management-2013m-245Town of Cayuta – Board Oversight and Cash Receipts and Disbursements (2015M-6)
… Town Board. The Town’s budgeted appropriations for all funds were $357,927 for 2015. Key Findings The 2012 through … Reduce the surplus fund balance in the general and highway funds. If the Board believes it is necessary to accumulate … planned purposes, it should formally establish reserve funds. Other uses for surplus funds include financing …
https://www.osc.ny.gov/local-government/audits/town/2015/08/28/town-cayuta-board-oversight-and-cash-receipts-and-disbursements-2015m-6NYS Common Retirement Fund Reports Third Quarter Results
… quarter of the State Fiscal Year (SFY) 2021-22 was 4.74% for the three-month period ending Dec. 31, 2021, according to … bonds and mortgages (22.37%), private equity (12.36%), real estate and real assets (8.52%) and credit, absolute return …
https://www.osc.ny.gov/press/releases/2022/02/nys-common-retirement-fund-reports-third-quarter-resultsCity of Olean – Budget Review (B18-1-1)
… accumulated deficit in the City’s general, water and sewer funds as of May 31, 2007. Local Finance Law requires all … of appropriations) and $75,000 each in the sewer and water funds (2.7 and 2.9 percent of appropriations, respectively) … The City continues to transfer unused contingency funds from the general, water and sewer funds to the capital …
https://www.osc.ny.gov/local-government/audits/city/2018/03/19/city-olean-budget-review-b18-1-1DiNapoli Releases July State Cash Report
… reflecting lower Personal Income Tax (PIT) collections from April and May. Still, the state is in a relatively good … financial position after collecting more than $3 billion from financial settlements since the state budget was … first four months declined 2 percent, or $479.5 million, from a year earlier primarily because of PIT collections in …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-releases-july-state-cash-reportDiNapoli Releases December State Cash Report
… State tax collections through the first three quarters of the fiscal year declined $1.2 billion, or 2.2 percent, … year by more than $1 billion,”DiNapoli said. “The timing of payments and the level of financial sector bonuses will influence whether current …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-releases-december-state-cash-reportDiNapoli Releases School Audits
… policies governing the establishment and use of reserve funds and could not demonstrate the reasonableness of reserve … balances. As a result, two of the district’s reserve funds had balances that totaled $3.1 million more than needed … authorized purposes, and three of the district’s reserve funds had balances that were not supported. Holley Central …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-releases-school-auditsDiNapoli: Federal Data Shows New York's Losses in Fourth Grade Math and Reading Scores Are Double National Average
… full advantage of available resources to help students that are most in need get caught up, before time runs out.” … were double the national average and exceeded 45 other states in math and 38 other states in reading. The average … steep declines in fourth grade math proficiency rates from 24% to 18%. The Executive Budget proposes $42.1 billion in …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-federal-data-shows-new-yorks-losses-fourth-grade-math-and-reading-scores-are-double-nationalOpinion 92-32
… involves historical property, General Municipal Law, article 5-K (§119-aa et seq .) is pertinent here. Article 5-K, relating to historic preservation, was enacted … for acquisition, restoration, improvement and interest charges. (Emphasis added) Thus, General Municipal Law, …
https://www.osc.ny.gov/legal-opinions/opinion-92-32Cattaraugus-Little Valley Central School District – Financial Management (2022M-23)
… $227,000 which can fund average unemployment expenditures for 78 years. Did not ensure $2.2 million was properly …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/01/cattaraugus-little-valley-central-school-district-financial-managementWhite Plains City School District – Financial Management (2020M-71)
… Adopt annual budgets that contain reasonable estimates for expenditures, revenues and the amounts to be transferred …
https://www.osc.ny.gov/local-government/audits/school-district/2020/10/30/white-plains-city-school-district-financial-management-2020m-71NYS Common Retirement Fund Announces $800 Million in Recent Climate-Related and Sustainable Investments
… and take advantage of the opportunities created by the global transition to a lower carbon, sustainable economy to …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-announces-800-million-recent-climate-related-and-sustainable-investmentsAmityville Union Free School District – Extra-Classroom Activity Fund (2021M-87)
… were properly collected, receipted and deposited in full. Only five deposits totaling $4,038, of the 150 …
https://www.osc.ny.gov/local-government/audits/school-district/2021/10/08/amityville-union-free-school-district-extra-classroom-activity-fund-2021mSexual Offender and Management Treatment Act Program
… Center, to provide treatment and living quarters for these offenders. Key Findings We found direct costs …
https://www.osc.ny.gov/state-agencies/audits/2013/09/23/sexual-offender-and-management-treatment-act-programSelected Aspects of Discretionary Spending
… … To determine whether the State University Construction Funds discretionary spending complied with its guidelines and …
https://www.osc.ny.gov/state-agencies/audits/2014/09/19/selected-aspects-discretionary-spendingOpinion 89-42
… discussed in the opinion. MUNICIPAL FUNDS -- Deposits and Investments (authority to invest in Treasury Bills under … as well as pertinent transaction data (31 CFR 350.9). The regulations adopted by the United States Department of the … as well as possible conflicts, between the varying laws of the several states. A federal rule of ownership is …
https://www.osc.ny.gov/legal-opinions/opinion-89-42DiNapoli: Clerk Admits Writing Nearly $5,000 in Village Checks for Herself
… by filing a complaint online at investigations@osc.ny.gov , or by mailing a complaint to: Office of the State … of Investigations, 8th Floor, 110 State St., Albany, NY 12236. … Former Delhi Village Clerk Michele Barnes pleaded …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-clerk-admits-writing-nearly-5000-village-checks-herselfUlster County – Financial Condition (2014M-27)
… totaled approximately $290 million. Key Finding Surplus funds are below the County’s policy which states that fund … Closely monitor the level of unexpended surplus funds in the general fund and ensure that budgets are … balanced without depleting the unexpended surplus funds. … Ulster County Financial Condition 2014M27 …
https://www.osc.ny.gov/local-government/audits/county/2014/05/09/ulster-county-financial-condition-2014m-27Village of Greenwich - Cash Management (2019M-230)
… interest earnings. Key Findings The Board did not develop and manage a comprehensive investment program to ensure … monthly cash flow forecasts that estimate available funds for investment. Ensure available funds are invested within … officials generally agreed with our recommendations and have initiated, or indicated they planned to initiate …
https://www.osc.ny.gov/local-government/audits/village/2020/04/17/village-greenwich-cash-management-2019m-230