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Westfield, Town of – Financial Management (2013M-389)
… the highway town-wide and highway town-outside-village funds based on personal service costs. Account for all sales and use tax revenues in the town-outside-village funds until real property taxes in those funds are reduced to zero, in accordance with statute. … The …
https://www.osc.ny.gov/local-government/audits/town/2014/05/02/westfield-town-financial-management-2013m-389Town of Marilla – Town Supervisor’s Activities (2015M-27)
… proceeds for capital projects with the Town’s operating funds. The Board did not annually audit, or cause to be … useful format, including summarized cash balances for all funds at month end. Identify all money improperly residing in the operating funds and return it to the debt service fund or capital …
https://www.osc.ny.gov/local-government/audits/town/2015/05/22/town-marilla-town-supervisors-activities-2015m-27Sullivan West Central School District – Financial Condition (2014M-40)
… appropriations and appropriated more unexpended surplus funds than necessary to fund District operations. The … for expenditures and the use of unexpended surplus funds. Develop a plan for using surplus funds in a manner that benefits District taxpayers. Review …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/15/sullivan-west-central-school-district-financial-condition-2014m-40Cattaraugus-Allegany-Erie-Wyoming Board of Cooperative Educational Services – Financial Management (2016M-77)
… Purpose of Audit The purpose of our audit was to review BOCES’ financial management … Background The Cattaraugus-Allegany-Erie-Wyoming Board of Cooperative Educational Services is a governmental entity …
https://www.osc.ny.gov/local-government/audits/boces/2016/08/18/cattaraugus-allegany-erie-wyoming-board-cooperative-educational-services-financialJefferson Central School District – Fund Balances (2015M-236)
… because District officials were historically transferring funds to them without using them; District officials do not … reserves. Review all reserve balances and transfer excess funds to unrestricted fund balance, where allowed by law, or use the reserve funds for their designated purposes. … Jefferson Central …
https://www.osc.ny.gov/local-government/audits/school-district/2016/01/15/jefferson-central-school-district-fund-balances-2015m-236Town of Chester – Justice Court Operations and Credit Card and Employee Reimbursements (2017M-67)
… and whether internal controls over credit cards and employee reimbursements were adequately designed and … to the Office of the State Comptroller’s Justice Court Fund. Adopt policies and procedures that limit the use and …
https://www.osc.ny.gov/local-government/audits/justice-court/2017/11/21/town-chester-justice-court-operations-and-credit-card-and-employeeSouthampton Union Free School District – Financial Management (2024M-43)
… and officials effectively managed fund balance and reserve funds. Key Findings The Board and District officials did not effectively manage fund balance and reserve funds. We determined that the Board and District officials: … balances are necessary and reasonable, and use any excess funds identified to benefit residents in accordance with …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/18/southampton-union-free-school-district-financial-management-2024m-43Cost-Saving Ideas: Legal Requirements
… or more "banks" or "trust companies" for deposit of public funds and for the securing of public deposits. Section 11 … 5-a authorizes local government officers to transfer funds electronically, subject to conditions. Section 99-b … establishment of, and expenditures from, repair reserve funds for cities, counties, towns, villages, school …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirementsDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… partnership with Goldman Sachs Asset Management (GSAM) to invest in a diverse group of global equity strategies viewed as having strong potential to enhance the …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli: State Tax Receipts Through First Quarter Exceed Financial Plan Projections by $1.7 Billion
… said. “However, economic headwinds are increasing, and may alter the trajectory for the remainder of the fiscal … The large year-over-year increase is primarily the result of $2.8 billion in collections from the PTET in the … General Fund ended July with a balance of $43.8 billion, $28.3 billion higher than last year at the same time, …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-state-tax-receipts-through-first-quarter-exceed-financial-plan-projections-1-point-7-billionNY State Comptroller Thomas P. DiNapoli Statement on the SEC's Adoption of Climate Change Disclosure Rule
… and Exchange Commission’s (SEC) adoption of the Climate Change Disclosure Rule: “This is a significant victory for … improve the state pension fund's ability to assess and address risks and opportunities as we navigate our path to …
https://www.osc.ny.gov/press/releases/2024/03/ny-state-comptroller-thomas-p-dinapoli-statement-secs-adoption-climate-change-disclosure-ruleDiNapoli Releases Year-End and April Cash Reports
… the prior month. The cash report focuses on two primary funds: General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental Funds includes General, Special Revenue, Debt Service and …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-releases-year-end-and-april-cash-reportsDiNapoli: Drastic State Revenue Shortfall in April
… declines occurred for New York in April as a result of the COVID-19 pandemic and the three month extension of the state income tax filing deadline. All governmental … Financial Plan assumed the budget would be out of balance when the April measurement period was completed. Now that …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-drastic-state-revenue-shortfall-aprilState Agencies Bulletin No. 2022
… to paycheck distribution and release of direct deposit funds and advices in the event the NYS budget or an extender … does not expire until the end of June. However, although funds will be released for these agencies, direct deposit … released. Background: OSC is not permitted to distribute funds dated in the new fiscal year until the Legislature …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2022-paycheck-distribution-april-13-2022-administration-cycle-paychecksComptroller DiNapoli Releases Municipal Audits
… Financial Management (Lewis County) The unexpended surplus funds in the village's general fund increased nearly $200,000 … 2013. As a result, the general fund's unexpended surplus funds in 2012-13 reached 182 percent of next year's … Library officials have not communicated these surplus funds to taxpayers. Library officials have also maintained a …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-auditsNYSLRS Announces Employer Contribution Rates for 2024-25
… Thomas P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System … retirement plan combinations. Last fiscal year, $15.5 billion were paid out in benefits. “Our state’s pension fund remains one of the strongest pension funds in …
https://www.osc.ny.gov/press/releases/2023/08/nyslrs-announces-employer-contribution-rates-2024-25IX.10.B Federal Treasury Offset Program (TOP) Background – IX. Federal Grants
… to provide the state's Federal Employer Identification Number (FEIN) (also known as the Taxpayer Identification … billing purposes, grant award applications, and drawdowns of federal grant funds from the Department of Treasury. The Department of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix10b-federal-treasury-offset-program-top-backgroundOversight of the Educational Opportunity Program
… for, among other things, ensuring that EOP funds are used in a manner consistent with both the Guidelines and the State … and served 5,969 EOP participants. Expenditures for EOP in State fiscal year 2023-2024 totaled $38.6 million. Key … Key Recommendations Ensure that campuses participating in EOP are using EOP funds for allowable purposes under the …
https://www.osc.ny.gov/state-agencies/audits/2025/03/26/oversight-educational-opportunity-programDiNapoli Releases August State Cash Report
… State tax collections through August dropped by $898 million, or 3 … latest estimates is primarily from lower than projected federal receipts, partially offset by $180 million in new … and Medicaid (up nearly $2.1 billion primarily from federal sources). Overall spending was nearly $368 million …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-releases-august-state-cash-reportDiNapoli Releases December State Cash Report
… percent higher than last year for the same period. All Funds receipts totaled $111.9 billion through Dec. 31, 5.5 … 6.8 percent higher than last year for the same period. All Funds spending of just over $104.9 billion through the first … focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-releases-december-state-cash-report