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Opinion 96-1
… State Comptroller approval in Adirondack Park) MUNICIPAL FUNDS -- Capital Reserve Fund (necessity for State … certain fire districts within the Adirondack Park provide funds for the purchase of real property may, however, be … Law, §6-g governs the establishment of capital reserve funds by fire districts and the expenditure of moneys …
https://www.osc.ny.gov/legal-opinions/opinion-96-1Comptroller DiNapoli Releases Municipal Audits
… balances for the town-outside-village general and highway funds continued to be reported in the town-wide funds. City of Oswego – Community Development (Oswego County) … These amounts represent 140 and 107 percent of each of the funds’ ensuing years’ budgets. Town of Sidney – Supervisor’s …
https://www.osc.ny.gov/press/releases/2015/11/comptroller-dinapoli-releases-municipal-audits-2DiNapoli: New York City Budget Surplus on Pace to Grow Another $2.4 Billion from April Projections
… urged the city to put a substantial portion of the surplus funds into reserves and protect itself against uncertainty. … expectations, but it would be wise to set aside surplus funds to withstand future budget volatility,” DiNapoli said. … windfall now and systematizing an approach for depositing funds during periods of fiscal strength would give the city …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-new-york-city-budget-surplus-pace-grow-another-24-billion-april-projectionsState Comptroller DiNapoli Releases Municipal & School Audits
… levied the majority of property taxes in the town-wide funds, where additional funding was not needed due to the … the necessary property taxes in the town-outside-village funds. The town paid additional costs of $51,400 to have the … properly manage fund balance. They improperly encumbered funds and improperly restricted surplus funds in a debt …
https://www.osc.ny.gov/press/releases/2023/04/state-comptroller-dinapoli-releases-municipal-school-auditsIX.9.C Transfer Procedure – IX. Federal Grants
… the Budget (DOB) to approve the transfer of federal grant funds to a state fund. The following information must be … the transfer, including the fund name or program in which funds are being transferred into, and must include the … amounts are not exceeded. Authority to transfer federal funds to an earned revenue account or to reimburse State …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9c-transfer-procedureDiNapoli: Former West Carthage Housing Authority Executive Director and Mother Arrested
… Jan Hoffman for allegedly stealing over $48,000 in WCHA funds, and Katherine (Katie) Pais, Hoffman’s mother and … allowed Hoffman to steal over $48,000 in housing authority funds,” DiNapoli said. “Thanks to the partnership between my … their actions. The individuals charged in this case stole funds from unsuspecting citizens that relied on them for a …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-former-west-carthage-housing-authority-executive-director-and-mother-arrestedXI-A.2 Purchase Requisitions – XI-A. Purchasing
… AND POLICIES This section directs agencies on the use of the requisition to streamline and standardize the … Preparation: Requisitioners should follow Office of General Services’ (OGS) Procurement Guidelines when … method for purchases from agency contracts. The ordering address on the requisition carries over to the purchase …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xia/xi-a2-purchase-requisitions-section-overview-and-policiesState Comptroller DiNapoli Releases Municipal & School Audits
… timely deposits, the village has an increased risk that funds could be lost or misappropriated without detection. … the timeframes established by state law. As a result, funds were not provided to finance town and county operations … and county treasurer. Genesee County – Court and Trust Funds (2024-C&T-7) Auditors found the county clerk’s …
https://www.osc.ny.gov/press/releases/2025/01/state-comptroller-dinapoli-releases-municipal-school-audits-0DiNapoli: Troy's Proposed Bond Financing for Its Lead Pipe Replacement Program Is Lawful and Constitutional
… of the State Constitution’s prohibition on using public funds for private purposes. “Exposure to lead from water … address lead service line replacement as it relates to the funds announced by Governor Hochul earlier this year and … the state by unlocking millions in state and federal funds,” said Troy Mayor Carmella Mantello . “We have already …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-troys-proposed-bond-financing-its-lead-pipe-replacement-program-lawful-and-constitutionalDiNapoli: Monster Beverage Needs To Diversify Board
… co-sponsored by the Connecticut Retirement Plans and Trust Funds, The City of Philadelphia Public Employees Retirement …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-monster-beverage-needs-diversify-boardComptroller DiNapoli Releases Municipal Audits
… without board approval. Columbia County – Court and Trust Funds (2014M-353) The surrogate court clerk’s records could … of State Comptroller as abandoned property even though the funds have been in the custody of the treasurer for over …
https://www.osc.ny.gov/press/releases/2015/01/comptroller-dinapoli-releases-municipal-audits-1Wayne County – Financial Management (2012M-249)
… determination of a reasonable level of unexpended surplus funds to be maintained, as well as to address the accumulation of and use of moneys in reserve funds. Review all reserves annually and determine if the …
https://www.osc.ny.gov/local-government/audits/county/2013/04/12/wayne-county-financial-management-2012m-249City of Amsterdam – Records and Reports (2013M-266)
… that the City’s accounting records for the operating funds and capital projects funds are complete, accurate, and maintained in a timely …
https://www.osc.ny.gov/local-government/audits/city/2014/01/03/city-amsterdam-records-and-reports-2013m-266Wellsville Central School District – Financial Management (2017M-159)
… to accumulate to an excessive level and have not used funds from the retirement contribution reserve as budgeted. … and Board policy, to reduce any reserves with excess funds. … Wellsville Central School District Financial …
https://www.osc.ny.gov/local-government/audits/school-district/2017/12/29/wellsville-central-school-district-financial-management-2017m-159Management of Cash and Investments
… capital needs. We identified $92.1 million maintained in funds and bank accounts that could have been factored into … guidelines. Key Recommendations Routinely monitor the funds, document required balances and ensure that excess …
https://www.osc.ny.gov/state-agencies/audits/2013/02/13/management-cash-and-investmentsXIII.4.B Travel Advance – XIII. Employee Expense Reimbursement
… of the work year. In addition, Business Units may advance funds to an employee for a specific travel event. Process and … an outstanding travel advance. If necessary, recovery of funds may include deductions from the employee’s salary or …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii4b-travel-advanceTown of Riverhead – Allocation of Administrative Costs (2012M-247)
… to other departments and districts accounted for in other funds. However, we found that the allocation method is not … of the $2,980,750 that was allocated in 2012 to 11 funds. Key Recommendations Continue to develop an allocation …
https://www.osc.ny.gov/local-government/audits/town/2013/03/01/town-riverhead-allocation-administrative-costs-2012m-247Rombout Fire District – Board Oversight of Financial Activities (2017M-88)
… a financial advisor to act as custodian of the District’s funds, instead of a bank or trust company as required by … Board borrowed $100,000 each year from District reserve funds to fund operating expenses, which is not in compliance …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/07/28/rombout-fire-district-board-oversight-financial-activities-2017m-88Richland Fire District – Board Oversight (2016M-374)
… checking account and commingled with the District’s other funds. An annual foreign fire insurance report has not been … account so it will not be commingled with other District funds. Prepare and file annual foreign fire insurance reports …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/01/27/richland-fire-district-board-oversight-2016m-374Pember Library and Museum – Board Oversight of Financial Activities (2013M-285)
… Agreement regarding the maintenance of Foundation funds. Although the Foundation Agreement stipulates that the … can only spend interest earned on Foundation funds, the Library/Museum violated this stipulation by …
https://www.osc.ny.gov/local-government/audits/library/2014/01/03/pember-library-and-museum-board-oversight-financial-activities-2013m-285