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Bellmore-Merrick Central High School District – Financial Condition (2016M-341)
… appropriated fund balance, the District’s unrestricted funds averaged almost 8 percent of the subsequent year’s … establishing and using two of the District’s four reserve funds. Key Recommendations Adopt budgets that realistically … the practice of appropriating fund balance and reserve funds that are not needed and not used to fund District …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/18/bellmore-merrick-central-high-school-district-financial-condition-2016mMerrick Union Free School District – Financial Condition (2016M-240)
… Board was not used. The district did not use its reserve funds during the audit period but instead used operating funds to pay for related costs. Key Recommendations Adopt … the practice of appropriating unexpended surplus funds that are not needed and not used to fund District …
https://www.osc.ny.gov/local-government/audits/school-district/2016/10/07/merrick-union-free-school-district-financial-condition-2016m-240Town of Gorham – Budgeting (2023M-181)
… budgets. Key Findings The Board did not develop and adopt realistic budgets, a financial plan or fund balance and reserve policies. As a result, the Town maintained … of excessive unrestricted fund balance in a manner that benefits Town taxpayers. Make timely budget transfers so …
https://www.osc.ny.gov/local-government/audits/town/2024/06/28/town-gorham-budgeting-2023m-181Town of Mooers - Cash Management (2020M-36)
… Town officials maximized interest earnings. Key Findings The Board did not develop and manage a comprehensive … program to ensure interest earnings were maximized. Had the Supervisor invested available funds in a financial … monthly cash flow forecasts that estimate available funds for investment. Ensure available funds are invested in a …
https://www.osc.ny.gov/local-government/audits/town/2020/06/05/town-mooers-cash-management-2020m-36XV.6.A Split Payroll – XV. End of Year
… To explain the method of determining the appropriation charges to be used for the … and Capital Projects Funds. Fiscal Year Payroll Check Date used to calculate chargeable amount % or days Chargeable … PAYROLL Payday is the Thursday following the end date of the payroll period. ADMINISTRATION PAYROLL Payday is the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv6a-split-payrollState Comptroller DiNapoli Adds $3 Billion to the State Pension Fund’s Sustainable Investment Program
… Tom DiNapoli, as a leader of one of the largest pension funds, continues to heed that call and set the bar higher," … billion increase to the New York State Common Retirement Funds Fund Sustainable Investment Program raising its total …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-adds-3-billion-state-pension-funds-sustainable-investment-programHousing Trust Fund Corporation – Internal Controls Over and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs
… Plan Act of 2021 enhanced this assistance. Between April 1, 2017 and June 6, 2022, HUD allocated over $244 million in … less than $5 million has been reimbursed. To meet HUD’s Report 2021-S-10 2 requirements, HCR must expend over $96 …
https://www.osc.ny.gov/state-agencies/audits/2022/09/16/housing-trust-fund-corporation-internal-controls-over-and-maximization-federal-fundingDiNapoli: Former City of Corning Clerk Arrested for Stealing Public Funds
… for allegedly misappropriating more than $5,000 in public funds by pocketing parking permit fees; code enforcement … make sure proper controls are in place to protect public funds. I commend the city of Corning police department and …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-former-city-corning-clerk-arrested-stealing-public-fundsC.H. Evans Hook and Ladder Company No. 3 – Missing Funds (2013M-194)
… Purpose of Audit The purpose of our audit was to evaluate the internal controls of the Company’s financial operations for the period October 1, 2009, to January 2, 2013. Background The C. H. Evans Hook and … of the Company’s funds during the period October 2009 to December 2012. In addition, during this period, the …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/11/01/ch-evans-hook-and-ladder-company-no-3-missing-funds-2013m-194Town of East Hampton – Peconic Bay Community Preservation Funds (P7-23-23)
… also ensured the debt service payments we reviewed were for legitimate CPF purposes and properly allocated. … receipted, deposited timely and intact, and accounted for. Of the 917 disbursements totaling $105 million paid …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/02/23/town-east-hampton-peconic-bay-community-preservation-funds-p7-23-23Town of Fishkill – Apparent Misappropriation of Senior Center Funds (2013M-246)
… the former Director properly accounted for some Department funds, she did not properly account for funds associated with the Center’s operations. The day before … in 2004 which the Board was not aware of, deposited Center funds in the account and wrote questionable checks from that …
https://www.osc.ny.gov/local-government/audits/town/2014/02/21/town-fishkill-apparent-misappropriation-senior-center-funds-2013m-246East Rockaway Union Free School District – Extra-Classroom Activity Funds (2020M-85)
… ECA deposits were not always timely. Managing the finances of ECA activities is meant to be a learning experience for …
https://www.osc.ny.gov/local-government/audits/school-district/2021/01/15/east-rockaway-union-free-school-district-extra-classroom-activity-fundsUse of New York State Snowmobile Trail Development and Maintenance Funds
… the Fund of about $5 million annually and then distributes funds to approved local sponsors, who administer snowmobile … Association Treasurer and President of a TME to redirect funds from another TME to his own. We referred this matter to … corrective action to ensure the affected club received the funds it was entitled to; conversely, recover any improperly …
https://www.osc.ny.gov/state-agencies/audits/2013/01/02/use-new-york-state-snowmobile-trail-development-and-maintenance-funds-0DiNapoli Releases Review of First Quarter State Revenue Collections
… in the General Fund (including transfers from other funds) totaled $18.8 billion through the first quarter, … 2014 Cash Report. Findings from that report include: All Funds spending increased 2.2 percent, or $687.9 million, in … General Fund spending (including transfers to other funds) increased 6.2 percent, or $928.9 million, to $15.9 …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-releases-review-first-quarter-state-revenue-collectionsDiNapoli Releases State Cash Report
… Tax revenues of $8.1 billion in June were stronger than expected, and collections for the … personal income tax payments and estate and gift taxes. Total tax receipts of $20.6 billion for the quarter were $1.9 … website called Open Book New York ( www.openbooknewyork.com ). … Tax revenues of $81 billion in June were stronger …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-releases-state-cash-reportComptroller DiNapoli Releases November Cash Report
… monthly state cash report issued today by New York State Comptroller Thomas P. DiNapoli. All Funds spending of $90.9 billion over the period was $278.1 …
https://www.osc.ny.gov/press/releases/2015/12/comptroller-dinapoli-releases-november-cash-reportState Comptroller DiNapoli Releases School District Audits
… Services (BOCES) – Employee Benefit Plan Forfeited Funds (2022M-31) BOCES officials did not ensure the administrator returned forfeited funds from the health flexible spending arrangement (FSA), … administrator had not returned $83,068 (97%) in forfeited funds from the FSA, DCAP and HRA for the 2014-15 through …
https://www.osc.ny.gov/press/releases/2022/08/state-comptroller-dinapoli-releases-school-district-auditsXII.10.A Lapsing and Year-End Procedures for Payment Processing – XII. Expenditures
… date will be deferred. When an appropriation lapses, the funds are no longer available to pay the liabilities from the … Business Units shall not process a payment against lapsing funds until goods have been physically received by the agency … services for any voucher, including vouchers using lapsing funds. (See Section 3 - Record Retention - Accounts Payable …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii10a-lapsing-and-year-end-procedures-payment-processingDiNapoli: Lack of Oversight Delayed Access to Emergency Home Repairs for Elderly New Yorkers
… to participate in the RESTORE program and receive state funds to carry out emergency home repairs. Auditors found … in at least three LPAs being inappropriately awarded funds, while other LPAs were denied funding. Overall, there … statewide participation and ensure RESTORE program funds were available to elderly residents throughout New …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-lack-oversight-delayed-access-emergency-home-repairs-elderly-new-yorkersState Comptroller DiNapoli Releases Municipal & School Audits
… when purchasing goods or services, as required by state law or the village’s procurement policy. Of the 20 purchases …
https://www.osc.ny.gov/press/releases/2024/05/state-comptroller-dinapoli-releases-municipal-school-audits