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Accounting and Financial Reporting for Subscription-Based Information Technology Arrangements (SBITAs) as Required by GASB Statement No. 96

The purpose of this bulletin is to provide accounting and financial reporting guidance for subscription-based information technology arrangements (SBITAs) and illustrate how local governments and school districts will need to account for and report these SBITAs in the Annual Financial Report (AFR)

https://www.osc.ny.gov/files/local-government/publications/pdf/accounting-bulletin-gasb-96.pdf

Investing and Protecting Public Funds Webinar Presentation

This session is designed to help local officials understand procedures and policies used to control and account for cash. Presenters will discuss the following: principles and statutes, depositing public funds, securing deposits, investment policies, cash controls and reporting, and cash flow foreca

https://www.osc.ny.gov/files/local-government/academy/pdf/investing-and-protecting-public-funds-01-19-2022.pdf

Accounting and Financial Reporting for Leases as Required by GASB Statement No. 87

This bulletin provides accounting and financial reporting guidance related to those contracts that meet the definition of a lease, and illustrates how local governments, and school districts will need to account and report these leases in their annual update document (AUD) and the ST-3.

https://www.osc.ny.gov/files/local-government/publications/pdf/accounting-and-financial-reporting-for-leases-required-by-gasb-87.pdf

NY State Pension Fund and Church Commissioners for England Call for Exxon to Separate Board Chair and CEO Positions

… address significant shareholder concerns and properly account for climate risk in its operations, even as its …

https://www.osc.ny.gov/press/releases/2019/05/ny-state-pension-fund-and-church-commissioners-england-call-exxon-separate-board-chair-and-ceo

Comptroller DiNapoli Releases Municipal Audits

… The board did not adopt written policies and procedures for purchasing fuel from gas stations and monitoring fuel … current employees. One individual listed was a consultant for the town and authorized to purchase fuel for town-related travel. Town of Hamburg – Woodlawn Beach …

https://www.osc.ny.gov/press/releases/2019/07/comptroller-dinapoli-releases-municipal-audits

State Comptroller DiNapoli Releases Municipal Audits

… municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being … and Travel Expenditures (Nassau County) The board needs to improve its policies and procedures over credit card use and travel related expenditures to ensure that all such expenditures are adequately supported …

https://www.osc.ny.gov/press/releases/2017/06/state-comptroller-dinapoli-releases-municipal-audits

State Comptroller DiNapoli Releases School Audits

… advisors were not provided with guidelines to properly account for and oversee the district's 49 ECA clubs. …

https://www.osc.ny.gov/press/releases/2018/10/state-comptroller-dinapoli-releases-school-audits

State Comptroller DiNapoli Releases School Audits

… however, found the reconciliations for the payroll account did not reflect the account's true cash balance. Sagaponack Common School …

https://www.osc.ny.gov/press/releases/2018/07/state-comptroller-dinapoli-releases-school-audits

State Comptroller DiNapoli Releases Municipal Audits

… Village of Deposit – Disbursements and Real Property Tax Enforcement (Delaware County) The board did not ensure … $949,000. The city plans to borrow up to $15 million for tax certiorari settlements and to issue debt of up to $9.8 …

https://www.osc.ny.gov/press/releases/2018/08/state-comptroller-dinapoli-releases-municipal-audits

State Comptroller DiNapoli Releases State Audits

… were unsupported. Auditors also found that a non-tax levy account contained tax levy dollars that Lehman should have …

https://www.osc.ny.gov/press/releases/2017/12/state-comptroller-dinapoli-releases-state-audits

DiNapoli: Former Treasurer Sentenced in Oakfield Fire Department Theft

… Hilchey created direct withdrawals from the department's account to pay her National Grid, Verizon Wireless and other …

https://www.osc.ny.gov/press/releases/2015/02/dinapoli-former-treasurer-sentenced-oakfield-fire-department-theft

Selected Employee Travel Expenses

… CUNY employee assigned a vehicle has an individual E-ZPass account, and these accounts are replenished using the Fleet …

https://www.osc.ny.gov/state-agencies/audits/2014/02/25/selected-employee-travel-expenses

Opinion 91-4

… obligations, the village board may wish to take into account the village's continuing responsibility to pay …

https://www.osc.ny.gov/legal-opinions/opinion-91-4

DiNapoli: Potsdam Audit Finds Missing Court Funds

… the town: Use prenumbered duplicate receipts and account for them in a consecutive numerical sequence; Compare …

https://www.osc.ny.gov/press/releases/2014/04/dinapoli-potsdam-audit-finds-missing-court-funds

Opinion 95-13

… sale of bonds must be deposited and secured in a special account, may not be commingled with other funds of the school …

https://www.osc.ny.gov/legal-opinions/opinion-95-13

State Comptroller DiNapoli Releases Municipal Audits

… municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being … and Travel Expenditures (Nassau County) The board needs to improve its policies and procedures over credit card use and travel related expenditures to ensure that all such expenditures are adequately supported …

https://www.osc.ny.gov/press/releases/2017/06/state-comptroller-dinapoli-releases-municipal-audits-1

State Comptroller DiNapoli Releases State Audits and Examinations

… only eligible individuals were selected for program participation and the selection was properly randomized. The …

https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-releases-state-audits-and-examinations-0

DiNapoli: Former Assistant Clerk Charged with Stealing Nearly $4,000 from Village of Horseheads

… but never deposited the cash into the Village’s bank account. Instead, she allegedly altered the Village’s …

https://www.osc.ny.gov/press/releases/2023/08/dinapoli-former-assistant-clerk-charged-stealing-nearly-4000-village-horseheads

XIII.11 Submitting Travel and Expense Reimbursement Requests for Inactive Employees – XIII. Employee Expense Reimbursement

… If the former employee is doing business with the State in a new capacity, unrelated to their State work, those … should be removed no later than the employee’s last day of employment. For any questions relating to the lock or removal … for that employee until the status changes to “active.” To change an employee’s status in SFS to “active,” an agency’s …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii11-submitting-travel-and-expense-reimbursement-requests-inactive-employees

Audit Finds Operational and Oversight Failures Led to Financial Instability in Mount Vernon

… Thomas P. DiNapoli. The audit provided a detailed account of the millions in expenses that were not timely …

https://www.osc.ny.gov/press/releases/2022/01/audit-finds-operational-and-oversight-failures-led-financial-instability-mount-vernon