Purpose

To express an opinion on the fair presentation of the Report of Motor Vehicle Financial Security and Safety Responsibility Acts Statement of Assessable Expenses for the Three Fiscal Years Ended March 31, 2011.

Background

Article VI, Section 317 and Article VII, Section 363 of New York State’s Vehicle and Traffic Law (Law) stipulate that the Commissioner of Motor Vehicles and the Office of the State Comptroller shall ascertain the total amount of expenses the Department of Motor Vehicles incurs in its administration of the Motor Vehicle Financial Security Act (Security Act) and the Motor Vehicle Safety Responsibility Act (Responsibility Act).  These Acts help ensure that the operators of motor vehicles driven in New York State possess adequate insurance coverage, or are financially secure to compensate those persons they might injure, or whose property they might damage, as a result of an accident, before they obtain a vehicle registration.

Key Finding

We found the Statements referred to above present, in all material respects, the expenditures of the Department’s Motor Vehicle Financial Security and Safety Responsibility Acts for the three fiscal years ended March 31, 2011, in accordance with cash basis of accounting.

Recommendation

None

Other Related Audit/Report of Interest

Department of Motor Vehicles: Report of Motor Vehicle Financial Security and Safety Responsibility Acts Statement of Assessable Expenses for the Three Fiscal Years Ended March 31, 2008 (2008-S-161)