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DiNapoli, James and Garnett Announce Sentencing in Straw Donation Scheme
… and New York City Department of Investigation Commissioner Margaret Garnett announced the sentencing of non-profit … New York City Department of Investigation Commissioner Margaret Garnett . “This defendant exploited New York City’s …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-james-and-garnett-announce-sentencing-straw-donation-schemeTaxes and Interest
… as stocks, bonds, and mutual funds, may be paid in the form of the original security (if available) or by returning … report certain types of payments to the Internal Revenue Service (IRS). If your refund paid within a calendar year … an IRS 1099-INT form in January following the year your claim was paid. The cash value of securities, you’ll receive …
https://www.osc.ny.gov/unclaimed-funds/claimants/taxes-and-interestExtra-Classroom Activity (2015-MR-5)
… through May 8, 2015. Background Extra-classroom activity funds are defined by the New York State Education Department as "funds raised other than by taxation or through charges of a … body or any subdivision thereof." Extra-classroom activity funds are those operated by and for the students. Students …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/17/extra-classroom-activity-2015-mr-5Holley Central School District – Financial Condition (2013M-342
… in operating surpluses, which caused unexpended surplus funds to significantly exceed the statutory limit each year. … appropriated fund balance to reduce the tax levy, these funds were not needed because the budgeting practices … surpluses. As a result, the District’s unexpended surplus funds exceeded the statutory limit of 4 percent of the …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/holley-central-school-district-financial-condition-2013m-342Dutchess County – Financial Condition (2013M-370)
… State and Federal aid. Key Finding The County enterprise funds users’ charges have not been sufficient to cover their … had to subsidize a significant portion of both enterprise funds’ operations over the last three completed fiscal years, … has appropriated $2.8 million to subsidize two enterprise funds in the 2014 proposed budget. Key Recommendation The …
https://www.osc.ny.gov/local-government/audits/county/2014/03/14/dutchess-county-financial-condition-2013m-370Delaware Academy Central School District at Delhi – Fund Balances (2016M-36)
… June 30, 2015. District officials did not use debt service funds to make payments on long-term debt. Key Recommendations … the practice of appropriating unexpended surplus funds that will not be used. Adopt a reserve fund plan, review all reserve balances and transfer excess funds to unrestricted fund balance, where allowed by law, or …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/10/delaware-academy-central-school-district-delhi-fund-balances-2016m-36Town of Dayton – Financial Condition (2013M-90)
… members. Budgeted appropriations for the Town’s four major funds for the 2012 fiscal year totaled approximately … a deficit and the general and highway town-outside-village funds have unexpended surplus funds that are excessive. Key Recommendations Correct the …
https://www.osc.ny.gov/local-government/audits/town/2013/08/14/town-dayton-financial-condition-2013m-90Town of Indian Lake – Reserves and Justice Court Operations (2014M-330)
… to review the establishment and use of the Town’s reserve funds and to examine internal controls over the Town’s … Findings The Board did not properly establish 14 reserve funds and did not make reserve fund expenditures in … Refund moneys in the non-legally established reserve funds to the operating funds that funded the reserves and …
https://www.osc.ny.gov/local-government/audits/justice-court/2015/03/06/town-indian-lake-reserves-and-justice-court-operations-2014m-330State Agencies Bulletin No. 2272
… due to termination, resignation, death, or other causes. Funds associated with paychecks being returned via the AC230 … check stop payment, certified check, or money order. These funds are held at OSC until the corresponding AC230 worksheet … to complete and provide the AC230 to OSC at the time the funds are sent to ensure the timely release of any funds the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2272-process-changes-form-ac230-report-check-returned-refund-or-exchangeDiNapoli: State Pension Fund Value $206.9 Billion
… March 31, 2018. The Fund ended the year with an estimated value of $206.9 billion, which is subject to change once returns are fully audited. The Fund’s value at the end of state fiscal year 2017 was $192.4 … billion. “The New York State Common Retirement Fund’s value rose with help from strong markets through most of the …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-state-pension-fund-value-2069-billionCity of Amsterdam - Budget Review (B21-5-5)
… the City’s general, transportation, sewer and recreation funds accumulated as of June 30, 2018. Local Finance Law … Act (Act) of 2021. At this time, the timing of receipt of funds from the Act is uncertain. Once received, the funds will come with restrictions on what they can be used …
https://www.osc.ny.gov/local-government/audits/city/2021/05/07/city-amsterdam-budget-review-b21-5-5XIV.3.A Overview – XIV. Special Procedures
… and keep invested all moneys belonging to any and all funds (of the State) in classes and kinds of investments that … The Comptroller is responsible for the investment of State funds until they are needed to support day-to-day operations … and disbursements AND the pooling of cash assets of the funds within the State’s GCA for the purposes of short-term …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3a-overviewBradford Fire Co. Treasurer Arrested for Stealing Public Funds
… Hamilton misappropriated more than $8,000 in fire company funds by allegedly taking “advance” payments on company …
https://www.osc.ny.gov/press/releases/2016/07/bradford-fire-co-treasurer-arrested-stealing-public-fundsDiNapoli: Fire Department Treasurer Arrested for Stealing Public Funds
… E felony) for allegedly stealing nearly $50,000 in public funds. “This individual blatantly abused his position and …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-fire-department-treasurer-arrested-stealing-public-fundsMonterey Fire Company, Inc. – Misappropriation of Funds (2013M-17)
… businesses, and made ATM cash withdrawals of Company funds. Additionally, the Fire Chief used the Company’s … he paid with the Company’s debit card – and used Company funds to help purchase a personal vehicle. These personal …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/03/27/monterey-fire-company-inc-misappropriation-funds-2013m-17DiNapoli Seeks Increased Diversity at Pension Fund's Portfolio Companies
… Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the … as part of the New York State Common Retirement Funds Fund ongoing efforts to increase corporate …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-seeks-increased-diversity-pension-funds-portfolio-companiesDiNapoli: Former Clerk Padded Her Pay With Town Funds
… is a member of the state's retirement system, used town funds to pay back loans she took from the retirement system … than $1,500. Green also directed more than $1,000 in town funds to pay medical contributions instead of making …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-former-clerk-padded-her-pay-town-fundsDiNapoli: Former School District Treasurer Sentenced for Stealing Funds
… for stealing from a school district that received federal funds. She was sentenced Thursday to two years of probation …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-former-school-district-treasurer-sentenced-stealing-fundsVillage of Millport – Treasurer’s Misappropriation of Funds (2016M-256)
… the Board allowed the Treasurer to misappropriate Village funds and make questionable payments to herself totaling as …
https://www.osc.ny.gov/local-government/audits/village/2019/06/19/village-millport-treasurers-misappropriation-funds-2016m-256Morley Volunteer Fire Company – Misappropriation of Funds (2023M-154)
… provided oversight of financial operations to ensure funds were safeguarded. Key Findings Company officials did … not provide oversight of financial operations to ensure funds were safeguarded. As a result, the former Treasurer was able to misappropriate $64,972 of Company funds from January 2016 through December 2019. The former …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2024/03/22/morley-volunteer-fire-company-misappropriation-funds-2023m-154