Search
Town of East Hampton - Budget Review (B21-7-11)
… contingencies in the 2022 tentative budgets for the five funds examined (General Whole Town, General Part Town, … Recommendations While the Town has not used contingency funds in the last two fiscal years, we recommend that the …
https://www.osc.ny.gov/local-government/audits/town/2021/11/08/town-east-hampton-budget-review-b21-7-11Town of Albion – Financial Management (2021M-29)
… finance operations, resulting in the four main operating funds’ combined unrestricted fund balance declining from …
https://www.osc.ny.gov/local-government/audits/town/2021/06/25/town-albion-financial-management-2021m-29IX.12.F CMIA Interest Liabilities – IX. Federal Grants
… other compensate for lost value (e.g. investment earnings) of funds. A federal interest liability (which the Federal …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12f-cmia-interest-liabilities2024 Stewardship Priorities & Proxy Voting Guideline Updates
The New York State Common Retirement Fund’s Corporate Governance Program actively engages with the Fund’s public equity portfolio companies to foster the development of robust governance practices and prudent management of environmental and social factors.
https://www.osc.ny.gov/files/common-retirement-fund/corporate-governance/pdf/2024-stewardhip-priorities-and-proxy-voting-guideline-updates.pdfCherry Valley Fire District - Board Oversight (2019M-141)
Determine if the Board properly established reserve funds and equitably billed for fire protection services.
https://www.osc.ny.gov/files/local-government/audits/pdf/cherry-valley-2019-141.pdfSpecial Quarterly Report of Receipts and Disbursements for State Fiscal Year 2008-09, January 2009
All Funds spending of $88.2 billion is approximately $591 million below projections through December 31.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-receipts-disbursements-update-2008-09.pdfNorthport - East Northport Union Free School District - Extra-Classroom Activity Fund - (2021M-167)
Determine if extra-classroom activity (ECA) funds were properly collected, recorded, remitted, deposited, disbursed and reconciled.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/northport-east-northport-2021-167.pdfDiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing
… delays in allocating it to specific housing projects or housing relief programs could result in funds being lost. … as the pass through for the money by awarding it, in the form of grants, to local program administrators, which HCR … has spent since it received the funding in September 2020, or it risks losing the money. The remaining $122 million must …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housingThe Big Picture – What Every Employer Should Know
… of incoming funds: investment income, employee or member contributions and employer contributions. The value of the Fund was $248.5 … 2 percent of the growth of the Fund’s assets, and employer contributions represented 23 percent of the Fund’s …
https://www.osc.ny.gov/retirement/employers/partnership/big-pictureLaFayette Central School District – Reserves (2013M-387)
… funds over multiple fiscal years, they can be considered de facto reserve funds. The District did not have a plan for … or funding reserves. Take remedial action to ratify the de facto reserves by adopting appropriate resolutions. Adopt …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/07/lafayette-central-school-district-reserves-2013m-387City of Saratoga Springs – Financial Condition (2012M-201)
… financial condition of the City’s general, water and sewer funds for the period January 1, 2008, to December 31, 2011. … Also, while the financial condition of the water and sewer funds has improved during our audit period, the water fund … did not address cash flow problems in the water and sewer funds. Instead, the Council routinely relied on increasing …
https://www.osc.ny.gov/local-government/audits/city/2013/02/15/city-saratoga-springs-financial-condition-2012m-201DiNapoli Releases Mid-Year State Cash Report and Review
… short term the state’s fiscal outlook is positive.” All Funds receipts through the first half of the fiscal year … has generally been relatively strong. Spending from All Funds through the first half of the fiscal year was up by 4.2 … in the General Fund (including transfers from other funds) totaled $35.4 billion through Sept. 30, an increase of …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-releases-mid-year-state-cash-report-and-reviewGorham-Middlesex Central School District – Multiyear Planning (2016M-177)
… includes details regarding the anticipated use of reserve funds for a five-year period but this plan does not include … related to funding and maintaining the individual reserve funds; District officials also have not prepared a formal analysis of reserve funds based on the District’s projected needs, as required by …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/29/gorham-middlesex-central-school-district-multiyear-planning-2016m-177XIV.3.C Distribution of STIP Investment Earnings – XIV. Special Procedures
… moneys invested “shall be credited to the fund or funds from which such moneys were invested, provided, however, the … precluded from crediting interest earnings to funds which: Are funded entirely from the general fund; or Are, or were, … entries. In no instance shall interest in excess of what was considered earned to the fund or project be moved. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3c-distribution-stip-investment-earningsMonroe County - Financial Condition (2018M-179)
… are unlikely to recur. The County relied on $65 million in revenue anticipation notes and $30.85 million in reported general … sufficient general fund balance to mitigate significant revenue shortages or unanticipated expenditures. Key …
https://www.osc.ny.gov/local-government/audits/county/2018/12/07/monroe-county-financial-condition-2018m-179Town of Parish - Financial Condition and Supervisor's Records (2019M-58)
… did not provide the Board with accurate financial reports for managing financial condition. Key Recommendations The …
https://www.osc.ny.gov/local-government/audits/town/2019/05/29/town-parish-financial-condition-and-supervisors-records-2019m-58Review of Advance Contract Payments
… Recover overpayments as appropriate. Implement a policy for new contracts of only sending advance payments when …
https://www.osc.ny.gov/state-agencies/audits/2021/09/15/review-advance-contract-paymentsTown of Big Flats – Financial Management (2013M-170)
… of our audit was to review the Town’s financial management for the period January 1, 2010, to May 1, 2013. Background The Town of Big Flats is located in Chemung County and has a population of approximately … revenues, expenditures, and fund balance available for appropriation. Adopt a fund balance policy governing the …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-big-flats-financial-management-2013m-170DiNapoli Announces State Pension Fund's 2024 Corporate Governance Stewardship Priorities
… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today outlined … climate performance including climate transition strategies and plans, greenhouse gas emissions reduction …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-announces-state-pension-funds-2024-corporate-governance-stewardship-prioritiesState Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future
… New York State Comptroller Thomas P. DiNapoli today announced an investment strategy that will raise the New York Common Retirement Fund’s (Fund) commitment to … said. “Our pension fund has long-supported climate aware strategies, and this expansion of our commitment offers a …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-dinapoli-positions-new-york-pension-fund-low-carbon-future