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As Personal Income Tax Checkoffs Increase in Number, Disbursements Lag for Most Funds
Of the 42 states that impose a personal income tax, nearly all allow taxpayers to make charitable contributions through checkoffs on their personal income tax (PIT) returns.
https://www.osc.ny.gov/files/reports/pdf/tax-checkoffs-2024.pdfClinton-Essex-Warren-Washington Board of Cooperative Education Services – Employee Benefit Plan Forfeited Funds (2022M-31)
Determine whether Clinton-Essex-Warren-Washington BOCES officials ensured the third-party administrator returned forfeited funds from the health flexible spending arrangement, dependent care assistance program and health reimbursement arrangement in a timely manner.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/ceww-boces-2022m-31.pdfIX.8.C Payments to the U.S. Treasury and U.S. Department of Education – IX. Federal Grants
… The procedures that follow pertain to the refund or return of federal funds to the U.S. Treasury or U.S. Department of Education due to: Excessive cash balances on deposit that … system. Please note that while an agency might consider an award closed, the award may not have been closed by the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8c-payments-us-treasuryDiNapoli Releases School Audits
… – Financial Operations (Albany County) School officials do not have a means to determine whether the school received … appear to be reasonable, as the services being provided do not have any bearing on the number of students at the … – Financial Operations (Albany County) School officials do not have a means to determine whether the school received …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-releases-school-auditsDiNapoli: Federal Data Shows New York's Losses in Fourth Grade Math and Reading Scores Are Double National Average
… full advantage of available resources to help students that are most in need get caught up, before time runs out.” … were double the national average and exceeded 45 other states in math and 38 other states in reading. The average … steep declines in fourth grade math proficiency rates from 24% to 18%. The Executive Budget proposes $42.1 billion in …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-federal-data-shows-new-yorks-losses-fourth-grade-math-and-reading-scores-are-double-nationalCity of Olean – Budget Review (B18-1-1)
… accumulated deficit in the City’s general, water and sewer funds as of May 31, 2007. Local Finance Law requires all … of appropriations) and $75,000 each in the sewer and water funds (2.7 and 2.9 percent of appropriations, respectively) … The City continues to transfer unused contingency funds from the general, water and sewer funds to the capital …
https://www.osc.ny.gov/local-government/audits/city/2018/03/19/city-olean-budget-review-b18-1-1DiNapoli Releases July State Cash Report
… reflecting lower Personal Income Tax (PIT) collections from April and May. Still, the state is in a relatively good … financial position after collecting more than $3 billion from financial settlements since the state budget was … first four months declined 2 percent, or $479.5 million, from a year earlier primarily because of PIT collections in …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-releases-july-state-cash-reportDiNapoli Releases December State Cash Report
… State tax collections through the first three quarters of the fiscal year declined $1.2 billion, or 2.2 percent, … year by more than $1 billion,”DiNapoli said. “The timing of payments and the level of financial sector bonuses will influence whether current …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-releases-december-state-cash-reportNYS Common Retirement Fund Announces First Quarter Results
… (7.7 percent), real estate (6.5 percent), absolute return strategies (2.8 percent) and opportunistic alternatives and …
https://www.osc.ny.gov/press/releases/2017/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Reports Third Quarter Results
… quarter of the State Fiscal Year (SFY) 2021-22 was 4.74% for the three-month period ending Dec. 31, 2021, according to … bonds and mortgages (22.37%), private equity (12.36%), real estate and real assets (8.52%) and credit, absolute return …
https://www.osc.ny.gov/press/releases/2022/02/nys-common-retirement-fund-reports-third-quarter-resultsUse of Federal Funding for Election Technology and Security
To determine whether the Board of Elections BOE utilized available funding from the 2018 Help America Vote Act Election Security Grant to enhance the security of the States election technology and infrastructure
https://www.osc.ny.gov/state-agencies/audits/2021/09/17/use-federal-funding-election-technology-and-securityTown of Cayuta – Board Oversight and Cash Receipts and Disbursements (2015M-6)
… Town Board. The Town’s budgeted appropriations for all funds were $357,927 for 2015. Key Findings The 2012 through … Reduce the surplus fund balance in the general and highway funds. If the Board believes it is necessary to accumulate … planned purposes, it should formally establish reserve funds. Other uses for surplus funds include financing …
https://www.osc.ny.gov/local-government/audits/town/2015/08/28/town-cayuta-board-oversight-and-cash-receipts-and-disbursements-2015m-6Town of Lindley – Financial Management (2012M-226)
… though the Board received monthly budget-to-actual reports from the Supervisor, they consistently underestimated …
https://www.osc.ny.gov/local-government/audits/town/2013/02/22/town-lindley-financial-management-2012m-226Town of Lincoln – Financial Management (2013M-245)
… Purpose of Audit The purpose of our audit was to review the Town’s financial management for the period … fund totaling $458,698, which were excessive compared to the 2013 budget of $255,420. This primarily occurred … revenues in previous years and did not adopt a policy to govern the level of fund balance to be maintained. The …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-lincoln-financial-management-2013m-245Hamilton Fulton Montgomery Board of Cooperative Educational Services – Investment Program (2023M-116)
… flow forecasts to monitor and estimate funds available for investment. Key Recommendations Adopt a comprehensive …
https://www.osc.ny.gov/local-government/audits/boces/2023/12/22/hamilton-fulton-montgomery-board-cooperative-educational-services-investmentLindenhurst Union Free School District – Collections (2024M-24)
Determine whether Lindenhurst Union Free School District District officials ensured that funds collected from recreational and educational programs were properly recorded deposited and reported
https://www.osc.ny.gov/local-government/audits/school-district/2024/07/19/lindenhurst-union-free-school-district-collections-2024m-24Town of Lapeer – Budgeting (2024M-127)
… balance policy specifying the Town’s objectives and goals for using the accumulated funds. Recommendations The report …
https://www.osc.ny.gov/local-government/audits/town/2025/01/31/town-lapeer-budgeting-2024m-127Webster Public Library - Board Oversight (2018M-125)
… agreed with our recommendations and indicated they planned to initiate corrective action … Webster Public Library Board …
https://www.osc.ny.gov/local-government/audits/library/2018/09/07/webster-public-library-board-oversight-2018m-125Town of Chateaugay - Real Property Tax Exemption Administration (2018M-200)
… whether the Town Assessor properly administered select real property tax exemptions. Key Findings Of the 224 granted … of supporting documentation to verify their eligibility and/or were incorrectly granted. One property owner did not … Agricultural building exemptions that were granted for the construction of two buildings were not supported. As …
https://www.osc.ny.gov/local-government/audits/town/2019/05/17/town-chateaugay-real-property-tax-exemption-administration-2018m-200City of Long Beach - Budget Review (B19-7-4)
… deficit in the City’s general fund and certain other funds as of June 30, 2012. Local Finance Law requires all …
https://www.osc.ny.gov/local-government/audits/city/2019/05/10/city-long-beach-budget-review-b19-7-4