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Amagansett Union Free School District – Financial Condition (2014M-91)
… 2012-13. The District has accumulated unexpended surplus funds of up to two times the amount allowed by statute. Two of the District’s reserve funds had excessive balances and no formal plan for funding … within statutory limits. Develop a formal plan for reserve funds. … Amagansett Union Free School District Financial …
https://www.osc.ny.gov/local-government/audits/school-district/2014/07/03/amagansett-union-free-school-district-financial-condition-2014m-91Town of Kortright – Financial Management (2016M-397)
… an elected five-member Town Board. The general and highway funds’ budgeted appropriations for 2017 total approximately … fund without clear plans for the use of these accumulated funds. The Board has not adopted long-term financial and … objectives and goals for the use of these accumulated funds. Key Recommendations Develop a fund balance and reserve …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kortright-financial-management-2016m-397Sandy Creek Central School District – Reserve Management (2023M-43)
… (Board) and District officials properly managed reserve funds. Key Findings The Board and District officials did not properly manage reserve funds. The employee benefit accrued liability reserve (EBALR) … EBALR is only used for allowable expenditures. Transfer funds improperly maintained in the debt service fund to the …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/23/sandy-creek-central-school-district-reserve-management-2023m-43Town of Marilla – Town Supervisor’s Activities (2015M-27)
… proceeds for capital projects with the Town’s operating funds. The Board did not annually audit, or cause to be … useful format, including summarized cash balances for all funds at month end. Identify all money improperly residing in the operating funds and return it to the debt service fund or capital …
https://www.osc.ny.gov/local-government/audits/town/2015/05/22/town-marilla-town-supervisors-activities-2015m-27Town of Milo – Financial Condition (2020M-172)
… The Board did not adopt realistic budgets for each of its funds from 2017 through 2020, multiyear financial and capital … As of December 31, 2020, the general, highway and water funds unrestricted fund balances were excessive, ranging from … developing and adopting the annual budgets. Use surplus funds as a financing source for funding one-time …
https://www.osc.ny.gov/local-government/audits/town/2021/04/23/town-milo-financial-condition-2020m-172Town of Otsego – Financial Condition (2013M-307)
… of sales tax caused taxpayer inequities; part-town funds were taxed more than necessary while the town-wide funds were charged less than they should have been. While the … balance and establishing and funding necessary reserve funds. … The purpose of our audit was to assess the Towns …
https://www.osc.ny.gov/local-government/audits/town/2014/08/20/town-otsego-financial-condition-2013m-307Town of Laurens - Budget Review (B4-14-21)
… System. The 2015 tentative budget for the Town’s funds totals $1,311,410 and is funded by estimated revenues … The allocation of payroll expenditures in the highways funds does not appear to be equitable. The Town’s tentative … the allocation of payroll costs between the highway funds. … The purpose of our budget review was to determine …
https://www.osc.ny.gov/local-government/audits/town/2014/11/07/town-laurens-budget-review-b4-14-21Westfield, Town of – Financial Management (2013M-389)
… the highway town-wide and highway town-outside-village funds based on personal service costs. Account for all sales and use tax revenues in the town-outside-village funds until real property taxes in those funds are reduced to zero, in accordance with statute. … The …
https://www.osc.ny.gov/local-government/audits/town/2014/05/02/westfield-town-financial-management-2013m-389Jefferson Central School District – Fund Balances (2015M-236)
… because District officials were historically transferring funds to them without using them; District officials do not … reserves. Review all reserve balances and transfer excess funds to unrestricted fund balance, where allowed by law, or use the reserve funds for their designated purposes. … Jefferson Central …
https://www.osc.ny.gov/local-government/audits/school-district/2016/01/15/jefferson-central-school-district-fund-balances-2015m-236Town of Chester – Justice Court Operations and Credit Card and Employee Reimbursements (2017M-67)
… of our audit was to determine whether Justice Court funds were collected, recorded, deposited, disbursed and … cash exceeds known liabilities and remit any unidentified funds to the Office of the State Comptroller’s Justice Court … that limit the use and reimbursement of personal funds used for Town purchases. … Town of Chester Justice …
https://www.osc.ny.gov/local-government/audits/justice-court/2017/11/21/town-chester-justice-court-operations-and-credit-card-and-employeeSouthampton Union Free School District – Financial Management (2024M-43)
… and officials effectively managed fund balance and reserve funds. Key Findings The Board and District officials did not effectively manage fund balance and reserve funds. We determined that the Board and District officials: … balances are necessary and reasonable, and use any excess funds identified to benefit residents in accordance with …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/18/southampton-union-free-school-district-financial-management-2024m-43DiNapoli and James Announce Guilty Plea of Former New York City Council Candidate in Straw Donation Scheme
… knowingly deceived hardworking New Yorkers, stole public funds, and took advantage of our democratic process. We are … Campaign Finance Board and ultimately stealing taxpayer funds, as was the case in this straw donor scheme,” said New … partners to protect the election process and government funds.” Gonzalez and Mendez were arraigned for their roles in …
https://www.osc.ny.gov/press/releases/2019/06/dinapoli-and-james-announce-guilty-plea-former-new-york-city-council-candidate-straw-donation-schemeDiNapoli Releases August Cash Report
… issued today by State Comptroller Thomas P. DiNapoli. All Funds spending totaling $54.9 billion over the period was … strength in real property transfer tax collections. All Funds receipts totaled $59.9 billion through August, which … were $235 million higher than the latest projections. All Funds spending of just under $54.9 billion through the first …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-releases-august-cash-reportNYS Pension Fund Commits $2 Billion to Climate Transition Index
The New York State Common Retirement Fund Fund will invest $2 billion in an index focused on reducing the risks of climate change and capitalizing on the opportunities arising from the transition to a lowcarbon economy
https://www.osc.ny.gov/press/releases/2021/12/nys-pension-fund-commits-2-billion-climate-transition-indexDiNapoli Releases Analysis of Executive Budget
… occurred. Other proposals broadly authorize shifts of funds and spending authority among state agencies, public … to bypass the independent oversight of public dollars. All Funds tax receipts are projected at $77.4 billion in SFY … year, DiNapoli said. DiNapoli's report notes that All Funds spending in the coming fiscal year is projected at …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-releases-analysis-executive-budgetDiNapoli Releases Analysis of 2022-23 Enacted State Budget
… federal aid and better-than-expected revenues allowed for a steep increase in spending in the $220.5 billion enacted state budget for State Fiscal Year (SFY) 2022-23, according to an analysis … be temporary, much of the year-over-year growth will be for new initiatives and more funding for existing programs. …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-releases-analysis-2022-23-enacted-state-budgetII.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
… the governmental and proprietary fund types and fiduciary funds. Required supplementary information (other than MD&A) … includes budgetary comparison schedules for governmental funds, information about infrastructure assets reported using … financial statements are provided for governmental funds, enterprise funds, and fiduciary funds, even though the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsOpen Educational Resources
… New York (CUNY) is using Open Educational Resources (OER) funds to establish, sustain, and enhance new and ongoing OER … CUNY received a total of $24 million in New York State funds to expand OER initiatives as part of an effort to … the oversight and infrastructure for distributing the OER funds. As of September 2024, CUNY’s OER repository, OpenEd …
https://www.osc.ny.gov/state-agencies/audits/2025/03/27/open-educational-resourcesDiNapoli Releases Analysis of SFY 2024-25 State Budget
… the state’s long-term fiscal standing.” Revenue Risks All Funds revenues for SFY 2024-25 are projected to total $227.2 … fund receipts, as well as the expected depletion of funds from the federal American Rescue Plan. In addition, … Personal Income Tax In SFY 2023-24, just over half of All Funds tax revenues were from the PIT. These revenues rely on …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-releases-analysis-sfy-2024-25-state-budgetTown of Ballston - Water Fund Financial Operations (2023M-60)
Determine whether the Town of Ballston (Town) officials provided adequate oversight of the water fund’s financial operations.
https://www.osc.ny.gov/files/local-government/audits/2023/pdf/ballston-town-2023-60.pdf