Search
Attica Central School District – Financial Management (2016M-127)
… officials transferred more than $1.7 million of surplus funds from the general fund to the debt service fund from … policy or plan for establishing, funding and using reserve funds. Develop and implement a plan for using the excess …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/attica-central-school-district-financial-management-2016m-127Oysterponds Union Free School District – Financial Management, Check Signing and Information Technology
… Purpose of Audit The purpose of our audit was to assess selected District Financial … is located in Suffolk County and is governed by the Board of Education which comprises seven elected members. The …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/28/oysterponds-union-free-school-district-financial-management-check-signingXVI.4.A Cash and Investments – XVI. Financial Reporting
… Lending ) Process and Document Preparation: Cash includes all interest bearing and non-interest bearing deposits with … and Finance; and funds of the Division of the Lottery. The New York State and Local Retirement System as well as various … valuation hierarchy of fair value measurements for all investments not recorded at amortized cost. This …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4a-cash-and-investmentsVillage of Ballston Spa - Financial Condition (2017M-256)
… did not maintain accurate accounting records and failed to file required annual financial reports for the last four … balance decreased from $213,327 as of fiscal year-end 2014 to $30,487 as of fiscal year-end 2018. Key Recommendations … Treasurer files timely financial reports. Develop a plan to address the general fund’s declining fund balance and the …
https://www.osc.ny.gov/local-government/audits/village/2018/10/05/village-ballston-spa-financial-condition-2017m-256State Fiscal Year 2022-23 Enacted Budget Analysis
… level. Local social service districts will be required to pay for up to 24 absences per child per provider per year, … the 69th to the 80th percentile of amounts that families pay for child care, expanding opportunities for access. Under … reduce State revenues. Policymakers should seek to utilize pay-as-you-go financing, rather than debt, to the greatest …
https://www.osc.ny.gov/reports/state-fiscal-year-2022-23-enacted-budget-analysisComptroller DiNapoli Releases Municipal Audits
… this may constitute an unauthorized investment of district funds. Otsego County – Accountability Over Trust and Agency Funds (2014M-41) The treasurer could not determine the source … or purpose of moneys held in several trust and agency funds totaling more than $75,000 as of Oct.31, 2013. The …
https://www.osc.ny.gov/press/releases/2014/06/comptroller-dinapoli-releases-municipal-auditsComptroller DiNapoli and A.G. Schneiderman Announce Sentencing of Former West Ghent Volunteer Fire Company Treasurer Who Embezzled Funds to Bankroll Personal Business
… State Comptroller’s Division of Investigations, along with Mark Spencer of the Attorney General’s Investigators Bureau, …
https://www.osc.ny.gov/press/releases/2017/08/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-former-west-ghent-volunteer-fire-companyComptroller DiNapoli Releases School Audits
… to use an average of $495,000 of unexpended surplus funds to fund the ensuing year’s expenditures. The district did not use these funds as intended, however, because revenues exceeded … years. As a result, the district’s unexpended surplus funds, totaling $2.7 million as of June 30, 2013, were 7.5 …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-school-audits-1DiNapoli: Jury Convicts Councilman Ruben Wills in Public Corruption Scheme
State Comptroller DiNapoli along with Attorney General Eric Schneiderman announced the jury conviction of New York City Councilman Ruben Wills DQueens that resulted in a guilty verdict on five of six counts related to Wills theft of approximately $30000 in public campaign funds and state grant
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-jury-convicts-councilman-ruben-wills-public-corruption-schemeDiNapoli: Metro North and LIRR Lax in Monitoring Overtime Paid For With Federal Stimulus Funds
… announced today. “There’s significant room for improvement in how Metro-North and LIRR monitor the hours their employees … System, did not have a requirement for conductors to sign out manually, so there was not an accurate record of … that Metro-North: Require conductors to electronically sign in and out; Monitor time and attendance records; …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-metro-north-and-lirr-lax-monitoring-overtime-paid-federal-stimulus-fundsDiNapoli Presses Companies on Political Disclosure
… have the right to know if companies are using corporate funds to influence the political process and whether they’re … seeking the same disclosure from eight more of the Funds portfolio companies …
https://www.osc.ny.gov/press/releases/2019/02/dinapoli-presses-companies-political-disclosureFormer Treasurer of Putnam Engine & Hose Co. of the Port Chester Volunteer Fire Dept. Pleads Guilty to Embezzling More Than $38,000
… Fire Department, for embezzlement of more than $38,000 from Putnam Engine and Hose. Gerardi was arraigned on Monday … bank accounts held by Putnam Engine & Hose at that time. From in or about November 2016 to in or about May 2017, Gerardi embezzled money from Putnam Engine & Hose by making withdrawals from its bank …
https://www.osc.ny.gov/press/releases/2018/12/former-treasurer-putnam-engine-hose-co-port-chester-volunteer-fire-dept-pleads-guilty-embezzling-moreDiNapoli: Audit Reveals Theft of Cash, Questionable Spending by Minetto Volunteer Fire Dept. Chief
… Company in Oswego County spent nearly $6,000 in public funds on personal purchases such as guns and motorcycle … DiNapoli. The audit revealed a total of $22,000 in misused funds, questionable spending and missing cash. Joseph … proper oversight in place, it can be easy for public funds to be misspent or go missing. My team of auditors and …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-audit-reveals-theft-cash-questionable-spending-minetto-volunteer-fire-dept-chiefRevenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… or school district’s bank account. Set up electronic funds transfer (EFT) with the bank to receive payments from … for making deposits in a timely manner to ensure funds are protected and earning interest. Optimize Timing of … that pay higher interest rates for infrequently disbursed funds (e.g., reserves not expected to be needed in the near …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsDiNapoli: Georgia Woman Allegedly Stole Over $450K in NYS Pension and Social Security Payments
… As her caretaker, she had access to Minnie Smith’s bank account. After Minnie Smith died, Sandra Smith did not close the bank account. Instead, she kept Minnie Smith’s bank account open and NYSLRS and SSA continued to deposit funds …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-georgia-woman-allegedly-stole-over-450k-nys-pension-and-social-security-paymentsDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… in the nation. Find out how your government money is spent at Open Book New York . Track municipal spending, the state's …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesDiNapoli: Emergency Rental Assistance Program Rebounds After Slow Start
… New York being the last state in the country to distribute funds. Improvements, including those suggested by State … but renters living in public housing have not yet received funds from it and rental burdens for low-income New Yorkers … a time of great urgency,” DiNapoli said. “Two years later, funds have flowed to many of the households in need. Still, …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-emergency-rental-assistance-program-rebounds-after-slow-startDiNapoli: Governor Cuomo's Proposed Budget Continues Fiscal Progress
… The Executive Budget continues efforts to control costs while tackling tough issues, according to a … gaps,”DiNapoli said. “Still, without specific proposals on how spending will be limited to 2 percent in the coming … released a state cash report on Friday showing year-to-date tax collections of $58.3 billion were $2.4 billion …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-governor-cuomos-proposed-budget-continues-fiscal-progressFar Rockaway Pre-School Provider "Investor" Pleads Guilty in Theft of Education Funds Intended for Special Needs Students
… to preschoolers with disabilities, has pleaded guilty for his participation in a scheme that stole millions of … funding between 2005 and 2012 – money that was intended for special needs students between ages three and five. "More than $1 million in funds intended for special needs preschoolers was instead used by Daniel …
https://www.osc.ny.gov/press/releases/2017/04/far-rockaway-pre-school-provider-investor-pleads-guilty-theft-education-funds-intended-special-needsXI.2.H Multiyear Contracts – XI. Procurement and Contract Management
… contracts, may be structured on the basis of a fixed contract term (e.g. three years) plus one or more annual (or … process, the State agency structures the contract as a multiyear contract term covering the entire anticipated … the fact may be denied. For information on Fixed Term, Multiyear Agreements and Simplified Renewals for grant …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2h-multiyear-contracts