Search
Village of Fort Ann – Financial Condition (2014M-197)
… approximately $219,000 for the general, water and sewer funds. Key Findings The Board consistently appropriated … overestimated expenditures for the water and sewer funds with the intention of increasing the levels of fund … actual amount available. Ensure that the water and sewer funds’ budgets contain realistic appropriations. … Village of …
https://www.osc.ny.gov/local-government/audits/village/2014/11/14/village-fort-ann-financial-condition-2014m-197Town of Saranac - Cash Management (2019M-32)
… fees were minimized. Had the Supervisor invested available funds in a financial institution with higher available … monthly cash flow forecasts that estimate available funds for investment. Ensure available funds are invested in a manner, within legal limits, to …
https://www.osc.ny.gov/local-government/audits/town/2019/09/13/town-saranac-cash-management-2019m-32IX.12.A Key Provisions – IX. Federal Grants
… and fund disbursements to states; States must draw federal funds in amounts necessary to fund only “actual immediate … and states must minimize the time from: the date on which funds are transferred between the Federal Government and the states to the date such funds are paid out for federal program purposes through …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12a-key-provisionsGroton Central School District – Cash Management (2020M-124)
… Central School District (District) officials maximized interest earnings. Key Findings District officials did not maximize interest earnings. During the audit period, the District’s … of Education’s (Board) investment policy. Solicit interest rate quotes to maximize interest earnings or prepare monthly …
https://www.osc.ny.gov/local-government/audits/school-district/2021/01/29/groton-central-school-district-cash-management-2020m-124Rocky Point Union Free School District – Financial Condition (2015M-170)
… fund, how each reserve would be funded or when reserve funds would be used. Amounts retained in two of the … comprehensive policies for establishing and using reserve funds. Develop a plan for the use of excess fund balance and reserve funds in a manner that benefits District taxpayers. … Rocky …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/13/rocky-point-union-free-school-district-financial-condition-2015m-170Massena Central School District - Selected Non-Payroll Disbursements (2019M-71)
… direct access to a District bank account to disburse these funds. Payment of utilities totaling $60,641 and … to a District bank account and the ability to disburse funds. Transfer money to the administrator for the total … in satisfaction of dental claims and initiate and disburse funds for all utility payments. Ensure that all claims are …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/massena-central-school-district-selected-non-payroll-disbursements-2019mOpinion 88-46
… in the opinion. MUNICIPAL COOPERATION -- Municipal Funds (cooperative investments) MUNICIPAL FUNDS -- Deposits and Investments (as cooperative activity) … may, on a cooperative basis, temporarily invest unneeded funds in instruments and obligations in which all the …
https://www.osc.ny.gov/legal-opinions/opinion-88-46Elba Central School District – Financial Condition (2013M-240)
… totaled $2.1 million. Four of the six reserves appear to be over-funded. Key Recommendations Develop realistic …
https://www.osc.ny.gov/local-government/audits/school-district/2013/10/25/elba-central-school-district-financial-condition-2013m-240Hammond Central School District – Financial Management (2024M-70)
… officials properly managed fund balance and reserve funds. Key Findings The Board and District officials did … properly manage the District’s fund balance and reserve funds. As a result, they levied more taxes than needed to … Did not follow legal requirements when they used reserves funds totaling $1.6 million. In addition, they exceeded the …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/11/hammond-central-school-district-financial-management-2024m-70DiNapoli: State Pension Fund Value $192 Billion
… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) earned an … returns over the fiscal year, particularly in the fourth quarter, were driven by rising public equity markets,” DiNapoli said. “New York state’s pension fund is at a record value based on prudent long term asset …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionState Pension Fund Adds $30 Million for Investments in New York Companies
… The New York State Common Retirement Fund has committed an … Venture Partners to invest in state-based companies, New York State Comptroller Thomas P. DiNapoli announced …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesCity of Amsterdam – Budget Review (B23-5-4)
… the City’s general, transportation, sewer and recreation funds accumulated as of June 30, 2018. Local Finance Law … The proposed budgets for the general and recreation funds are not structurally balanced because they include subsidies from other funds to finance their operations. The proposed budget …
https://www.osc.ny.gov/local-government/audits/city/2023/05/05/city-amsterdam-budget-review-b23-5-4NYS Common Retirement Fund Reports Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the third … percent for the three-month period ending Dec. 31, 2020, and ended the quarter with an estimated value of $247.7 … growth in the stock market has added to the state pension fund’s dramatic increases this year,” DiNapoli said. …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… New York State Comptroller Thomas P. DiNapoli today announced … strength gives us the ability to weather volatile markets. Our prudent strategy for long-term, steady returns helps … our investment decisions are always made based on what is best for our 1.1 million working and retired members …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemIX.6.D HHS Payment Management System – IX. Federal Grants
… to the appropriate account(s) in PMS. In order to receive funds through PMS, each agency is required to register their … those state agencies that must receive permission to draw funds prior to submitting an actual drawdown request, OSC BSAO will draw funds after the agency receives permission and subsequently …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6d-hhs-payment-management-systemDiNapoli Releases Analysis of State Financial Plan
… disbursements in SFY 2022-23 of $222.2 billion from All Funds, including $122.7 billion from State Operating Funds. General Fund disbursements (including transfers to other funds) are projected by DOB to total $96.1 billion in SFY …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planDiNapoli Releases Review of Executive Budget
… of the pandemic, inflation, and supply chain issues all remain risks to the state’s economic recovery and … loan for the Gateway project. Financial Plan Overview All Funds tax receipts that were initially expected to … neutral over the financial plan period. DOB estimates All Funds receipts in the current year will total $243.4 …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-releases-review-executive-budgetDiNapoli: January Tax Collections Fall Short
… of the state’s fiscal year rose 1 percent from last year to $58.9 billion, but were $367.3 million below the state’s … expected Personal Income Tax (PIT) collections, according to the January state cash report released today by State … months left in the state’s fiscal year, this is a trend to watch closely.” State tax receipts in January of $9.2 billion …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-january-tax-collections-fall-shortComptroller DiNapoli Releases State Audits
… café, which is part of a training program for residents to learn to operate a small business, are commingled with … service delivery. Metropolitan Transportation Authority (MTA), New York City Transit Paratransit Division - … Accident Claims (2012-S-12) Federal law requires the MTA to provide transportation services to individuals with …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-releases-state-auditsComptroller DiNapoli Releases Municipal Audits
… been issued. Chautauqua County Soil and Water Conservation District – Cash Receipts and Disbursements (2017M-199) The … that disbursements were properly supported and approved for District purposes. The Assistant Treasurer admitted to … $4.1 million in 2018. Furthermore, officials increased the real property tax levy in each of the five completed years …
https://www.osc.ny.gov/press/releases/2019/08/comptroller-dinapoli-releases-municipal-audits