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Comptroller DiNapoli Releases State Audits
… York: Allocation and Budgetary Controls Over Unrestricted Funds (2012-S-161) Auditors found the Research Foundation's … Administration, Reporting on Foreclosure of Real Property Funds - Kings County (2013-S-2) Auditors found that … did not always properly report and account for foreclosure funds. A review of 10 of 35 foreclosures with surplus funds …
https://www.osc.ny.gov/press/releases/2014/01/comptroller-dinapoli-releases-state-auditsState Comptroller DiNapoli Releases Municipal Audits
… notification of the impending review of court and trust funds, the treasurer and county clerk reconciled their … Specifically, the treasurer did not report surplus funds received and disbursed during 2017, totaling $23,461. … about $2.3 million. While the corporation received grant funds for two projects, officials relied on lines of credit …
https://www.osc.ny.gov/press/releases/2022/07/state-comptroller-dinapoli-releases-municipal-audits-1NY Common Retirement Fund Announces New Measures to Protect State Pension Fund From Climate Risk and Invest in Climate Solutions
… Mobil Corp., after a review of the companies’ readiness to transition to a low-carbon economy, State Comptroller Thomas P. … it has determined are not transition-ready. In addition to Exxon, the companies to be divested and restricted in the …
https://www.osc.ny.gov/press/releases/2024/02/ny-common-retirement-fund-announces-new-measures-protect-state-pension-fund-climate-risk-and-investLehman College – Controls Over Bank Accounts
… using unauthorized accounts. A review of the source of funds in Lehman’s accounts found that a non-tax-levy account (the “Agency Account”) contained tax-levy funds that Lehman officials should have transferred to the State. As of March 31, 2015, these funds totaled over $1 million. We attributed this problem …
https://www.osc.ny.gov/state-agencies/audits/2016/04/21/lehman-college-controls-over-bank-accountsDiNapoli: State Tax Collections Dip
… totaling $19.8 billion fell short of projections for New York state in the first quarter of the state’s fiscal … million, or 3.9 percent, from the same period last year and $454.1 million below projections, according to the June … of $38.4 billion were $831.1 million below projections for the period, primarily because personal income tax …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-state-tax-collections-dipDiNapoli Releases April Cash Report
… year, state tax collections totaled $8.6 billion, an increase of 21.4 percent from last April, primarily due to an increase in Personal Income Tax (PIT) collections. Tax collections, …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-releases-april-cash-reportProcurement and Payroll-Related Matters Pertaining to the Use of Certain Federal Funds
… the American Recovery and Reinvestment Act (Recovery Act) funds efficiently and for authorized purposes, and whether the funds were properly monitored to prevent fraud, waste, and … fiscal distress. The Recovery Act requires entities to use funds for authorized purposes and to mitigate instances of …
https://www.osc.ny.gov/state-agencies/audits/2014/06/18/procurement-and-payroll-related-matters-pertaining-use-certain-federal-fundsDiNapoli Announces $200 Million Commitment for Opportunistic Investments
… New York State Comptroller Thomas P. DiNapoli announced today … partnership will further expand the state pension fund’s pool of talented money managers, help boost the new opportunistic …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-announces-200-million-commitment-opportunistic-investmentsState Agencies Bulletin No. 422.2
… No. 422.1 Purpose: The purpose of this Bulletin is to notify agencies of the procedures to be used when requesting a direct deposit reversal. … the State payroll is confirmed one week prior to the check date. This allows sufficient time for the checks and direct …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/4222-revised-direct-deposit-delete-and-reversalsTown of Henrietta – Financial Management and Purchasing (2013M-208)
… 29, 2013. Background The Town of of Henrietta is located in Monroe County. The Town is governed by an elected Town … a significant amount of unexpended surplus funds in the general and drainage district funds. The Board did not … of ethics policy and entered into contracts that resulted in a Board member having a prohibited interest. The Town did …
https://www.osc.ny.gov/local-government/audits/town/2014/01/24/town-henrietta-financial-management-and-purchasing-2013m-208NYS Common Retirement Fund Reports Third Quarter Results
… pension plans. … The New York State Common Retirement Funds Fund estimated return in the third quarter of the State …
https://www.osc.ny.gov/press/releases/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli Releases February State Cash Report
… focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental Funds includes General, Special Revenue, Debt Service and Capital Projects funds, as well as funds from the federal government. The …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-releases-february-state-cash-reportFrewsburg Central School District – Internal Controls Over Selected Financial Activities (2013M-327)
… and Cattaraugus Counties. The District is governed by an elected seven-member Board of Education. For the … balances that totaled $1 million that were not supported by a written plan or other documentation validating the … also do not have a comprehensive payroll policy supported by written procedures. As a result, there is no independent …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/frewsburg-central-school-district-internal-controls-over-selectedLong Island Workforce Housing Act (2015-MR-4)
… report - pdf] We also released eight letter reports to the following local governments: Towns of Babylon [pdf] , … [pdf] . Purpose of Audit The purpose of our audit was to determine whether local governments ensured that they … requires housing developers in Nassau and Suffolk Counties to set aside 10 percent of their housing units as affordable …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2016/01/08/long-island-workforce-housing-act-2015-mr-4Awarding and Oversight of Statewide Interoperable Communications Grants (Follow-Up)
… Purpose To determine the extent of implementation of the three … and Emergency Services (Division) awarded contracts to entities that met eligibility requirements and provided …
https://www.osc.ny.gov/state-agencies/audits/2018/11/13/awarding-and-oversight-statewide-interoperable-communications-grants-followCity of Batavia – Business Improvement District (2017M-283)
… the DMA or monitor the manner in which the DMA used BID funds. City officials did not maintain adequate records to properly account for BID funds. BID charges exceeded the statutory limit for 11 of the … operations especially the manner in which the DMA uses BID funds. Levy BID charges in compliance with the statutory …
https://www.osc.ny.gov/local-government/audits/city/2018/04/06/city-batavia-business-improvement-district-2017m-283Andover Central School District - Financial Management (2018M-145)
… Adopt budgets that include reasonable estimates for appropriations and the amount of fund balance that will …
https://www.osc.ny.gov/local-government/audits/school-district/2018/10/19/andover-central-school-district-financial-management-2018m-145City of Fulton – Fiscal Stress (2013M-310)
… for the 2013 fiscal year were approximately $15.5 million. Key Findings We reviewed budget-to-actual results for the … the Council has adopted budgets that have routinely relied on the appropriation of fund balance as a financing source, … City with little cushion for managing unforeseen events. Key Recommendations Adopt a policy setting forth the …
https://www.osc.ny.gov/local-government/audits/city/2013/11/22/city-fulton-fiscal-stress-2013m-310Village of Morris – Fund Balance (2017M-58)
… average of 59 percent). In both the general and water funds, the contingency budget line exceeded the maximum … Key Recommendations Use general and water surplus funds as a financing source for funding one-time … the maximum allowable amount in both the general and water funds. … Village of Morris Fund Balance 2017M58 …
https://www.osc.ny.gov/local-government/audits/village/2017/06/09/village-morris-fund-balance-2017m-58State Comptroller Thomas P. DiNapoli Statement on Executive Budget
… New York State Comptroller Thomas P. DiNapoli released the … of the 2024-25 Executive Budget in the coming weeks.” … New York State Comptroller Thomas P DiNapoli released the …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-thomas-p-dinapoli-statement-executive-budget