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Comptroller DiNapoli Releases Municipal Audits
… complete. However, the condition of all court and trust funds were not reported to the Office of State Comptroller as required. Reports on the condition of court and trust funds was correct, however they did not include detailed … and complete. However, auditors identified $66,637 in funds that have not been turned over to the Office of State …
https://www.osc.ny.gov/press/releases/2014/12/comptroller-dinapoli-releases-municipal-audits-1Opinion 95-4
… regarding the propriety of payments made with county funds to reimburse officials upon the submission of travel … duties of any officer or employee paid from county funds and the accounting for all money or property owned by … proposition, the propriety of payments made with county funds to reimburse officials upon the submission of travel …
https://www.osc.ny.gov/legal-opinions/opinion-95-4Opinion 2008-3
… of unexpended monies in a capital reserve fund) MUNICIPAL FUNDS -- Capital Reserve Fund (authority of a fire district … years. General Municipal Law § 6-g governs capital reserve funds in fire districts. Subdivision 2 of General Municipal … transfer the unexpended balance to certain other reserve funds. Specifically, the remaining monies may be transferred …
https://www.osc.ny.gov/legal-opinions/opinion-2008-3Opinion 89-8
… bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Repair Reserve Fund (necessity for consent by the … school districts are authorized to establish reserve funds "for financing, in whole or in part, the cost of any … to require the Comptroller's consent only for reserve funds established pursuant to section 3651 and not for …
https://www.osc.ny.gov/legal-opinions/opinion-89-8Comptroller DiNapoli Releases School Audits
… effectively.” Ardsley Union Free School District – Reserve Funds (Westchester County) The district’s employee benefit … by almost $178,000. The district’s remaining reserve funds were funded at reasonable levels. Babylon Union Free … for the establishment and use of three of its four reserve funds. Berkshire Union Free School District – Financial …
https://www.osc.ny.gov/press/releases/2016/03/comptroller-dinapoli-releases-school-auditsDiNapoli Takes Action to Hold Corporate America Accountable for Failing to Address Diversity, Equity and Inclusion
… board directors at companies that failed to meet the Funds expectations for board diversity and filed shareholder …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-takes-action-hold-corporate-america-accountable-failing-address-diversity-equity-andXVII.4 Questions – XVII. Lapsing Appropriations
… regarding contract transactions that will utilize lapsing funds to the Bureau of Contracts at (518) 474-4622. Please …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvii/xvii4-questionsXI.8.B Multi-Agency Contracts – XI. Procurement and Contract Management
… for additional information. Consistent with OSC’s contract funds reservation policy, pre-encumbrance may be required in … obligations during the fiscal year (see XI.2.C Contract Funds Reservation , for additional information). OSC review … not required to estimate a contract amount or pre-encumber funds for the backdrop contract. However, when submitting the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi8b-multi-agency-contractsComptroller DiNapoli and Attorney General James Announce the Arrest and Indictment of Mount Vernon Corporation Counsel in $365,000 Corruption Scheme
… Letitia James to expose corruption and protect taxpayer funds.“ “Today, we put every morally bankrupt public servant … County Court, Porcari allegedly misappropriated funds from the City of Mount Vernon Board of Water Supply to … Instead, Porcari allegedly arranged for payments from the funds from the Board of Water Supply, which consists of money …
https://www.osc.ny.gov/press/releases/2019/05/comptroller-dinapoli-and-attorney-general-james-announce-arrest-and-indictment-mount-vernonComptroller DiNapoli Releases Municipal Audits
… for the library’s collection and disbursement of donated funds, or for cash receipts collected at the circulation … The library has accumulated more than $750,000 in private funds as of the end of 2014 and it has no formal plan to use … The library maintains approximately $627,000 in mutual funds, fixed income securities and cash equivalents with two …
https://www.osc.ny.gov/press/releases/2015/09/comptroller-dinapoli-releases-municipal-auditsOpinion 96-24
… (appropriations to capital reserve fund) MUNICIPAL FUNDS -- Capital Reserve Fund (referendum requirements in … General Municipal Law, §6-g governs capital reserve funds in fire districts. Subdivision 2 of section 6-g … appropriations to and expenditures from capital reserve funds are not subject to the fire district's spending …
https://www.osc.ny.gov/legal-opinions/opinion-96-24Comptroller DiNapoli Releases Municipal Audits
… (Westchester County) The town’s general, sewer and water funds all had a deficit fund balance at some point from 2009 … were able to eliminate accumulated deficits in these funds by the end of 2013, they have not developed a multiyear … budgeting practices or the level of unexpended surplus funds to maintain. The board adopted budgets that were not …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-releases-municipal-audits-1Opinion 2002-7
… -- Finances (establishment of and expenditure from reserve funds) -- Reserve Fund (authority to establish); (necessity … such monies to the treasurer of the library. Thus, library funds, whether held in the custody of the library treasurer, … establishment of, and expenditures from, capital reserve funds established by school authorities of any school …
https://www.osc.ny.gov/legal-opinions/opinion-2002-7Opinion 88-70
… bond resolutions or expenditures from capital reserve funds in connection with the improvements may be subject to … derived from the proceeds of borrowing or capital reserve funds. Under Local Finance Law, §34.00, a city may adopt a … bond resolutions or expenditures from capital reserve funds in connection with the improvements may be subject to …
https://www.osc.ny.gov/legal-opinions/opinion-88-70State Comptroller DiNapoli Releases Municipal & School Audits
… while the village had over $1.1 million in surplus funds available at the end of 2022-23 to use toward … As a result, the board approved the use of taxpayer funds without having support to show funds were being expended for legitimate village purposes and …
https://www.osc.ny.gov/press/releases/2024/02/state-comptroller-dinapoli-releases-municipal-school-audits-0State Comptroller DiNapoli Releases Municipal & School Audits
… records for the receipt and management of court and trust funds. They found the treasurer established adequate … appropriate records and properly reported court and trust funds as prescribed by statute. Auditors also found that …
https://www.osc.ny.gov/press/releases/2023/07/state-comptroller-dinapoli-releases-municipal-school-audits-0DiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid
… thanks to strong market returns and the influx of federal funds,” DiNapoli said. “The city should capitalize on this … three years. The city may be able to push unspent funds into the out-years to reduce gaps further. Reviewing … This may also allow the incoming administration to route funds to newly proposed initiatives to tackle evolving …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-nyc-forecasts-965-million-surplus-fueled-federal-aidFederal Relief Aid Temporarily Reverses Trend of NY Sending More to Washington Than It Gets Back
… Historic relief funds from the federal government, provided in response to … outcome for all Americans. “The influx of federal relief funds was critical to helping states manage through the … done to achieve a more equitable distribution of federal funds to New York.” For every tax dollar paid to Washington, …
https://www.osc.ny.gov/press/releases/2022/03/federal-relief-aid-temporarily-reverses-trend-ny-sending-more-washington-it-gets-backState Comptroller DiNapoli Releases Municipal Audits
… in the “town-wide” and “town-outside-village” general funds. Town-wide funds are used for the benefit of residents of the entire town, including the village. Town-outside-village funds are used only for the benefit of residents in the …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-dinapoli-releases-municipal-audits-0State Comptroller DiNapoli Releases Municipal & School Audits
… and the claims auditor did not help ensure that district funds were used to procure goods and services in a prudent … identified and corrected. Cayuga County – Court and Trust Funds Pursuant to a court order, certain assets may be … of internal controls to account for and safeguard these funds. Auditors found there was no reconciliation performed …
https://www.osc.ny.gov/press/releases/2024/10/state-comptroller-dinapoli-releases-municipal-school-audits