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Town of Boylston – Financial Condition (2021M-69)
… during the year. Allowed excessive levels of surplus funds to increase. As of December 31, 2020, the general fund’s surplus funds were $134,448, or 89 percent of actual expenditures. In addition, the highway fund’s surplus funds were $386,162, or 84 percent of actual expenditures. …
https://www.osc.ny.gov/local-government/audits/town/2021/09/03/town-boylston-financial-condition-2021m-69DiNapoli Releases October State Cash Report
… of $38.4 billion were $14.4 million lower than projected in the most recent Financial Plan update, but more than $1.6 … $2.2 billion higher than a year earlier. DiNapoli's office issues a state cash report every month identifying actual … issues. These are easily accessible on his transparency website called Open Book New York ( www.openbooknewyork.com …
https://www.osc.ny.gov/press/releases/2014/11/dinapoli-releases-october-state-cash-reportWest Valley Central School District – Financial Management (2013M-178)
… operations including the use of unexpended surplus funds and reserve funds for the period July 1, 2009, through June 4, 2013. … the $2.4 million in Board-appropriated unexpended surplus funds was not needed to fund District operations. Because the …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/06/west-valley-central-school-district-financial-management-2013m-178DiNapoli: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery
… New York City is using the federal funds it received in the wake of the COVID-19 pandemic to replace revenue losses and mitigate negative economic …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recoveryCity of Dunkirk – Community Development Block Grant Management (2012M-146)
… the CDBG program and have put significant public funds at risk. City officials have disbursed CDBG funds without the most basic of documentation to support the expenses and have used the funds at times to pay for a variety of miscellaneous expenses …
https://www.osc.ny.gov/local-government/audits/city/2012/11/13/city-dunkirk-community-development-block-grant-management-2012m-146NYS Common Retirement Fund Reports Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the third quarter of the State Fiscal Year (SFY) 2019-20 was 5.28 percent for … (3.5 percent). The Fund’s funded ratio of 96.1 percent is one of the strongest in the nation. DiNapoli initiated …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli Releases February State Cash Report
… State tax collections totaled $67.3 billion through Feb. 28, … $103 million higher than the latest projections included in the Third Quarter Update to the Financial Plan released … financial data and information on 130,000 state contracts, visit Open Book New York . The easy-to-use website was …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-releases-february-state-cash-reportOpinion 88-73
… been subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. IMPROVEMENT …
https://www.osc.ny.gov/legal-opinions/opinion-88-73Title I Grants to Local Educational Agencies – Federal Funding and New York
… Education Department and are allocated to the New York City Department of Education (DOE) and local charter schools … a variety of authorized uses, including personnel costs, early childhood education, school improvement, or coordinated … includes $679 million in federal Title I funding in FY 2025 and in each year thereafter. This accounted for …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/title-i-grants-local-educational-agenciesHoltsville Fire District – Financial Management (2025M-4)
… estimates and properly establish and manage capital reserve funds? Audit Period January 1, 2019 – December 31, … estimated and structurally balanced budgets based on historical data or known trends in which recurring revenues … ensure that the tax levy is not greater than necessary. Reserve funds are established to provide resources for an …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/09/19/holtsville-fire-district-financial-management-2025m-4Reporting of Community-Based Services Under the Transformation Reinvestment Plan (Follow-Up)
… Objective To assess the extent of implementation of the three recommendations … monthly reports present a variety of data on where funds are reinvested geographically and for what services. Examples of CBS supported via the reinvestment …
https://www.osc.ny.gov/state-agencies/audits/2024/05/08/reporting-community-based-services-under-transformation-reinvestment-plan-followReporting of Community-Based Services Under the Transformation Reinvestment Plan
… Program The mission of the Office of Mental Health (OMH) is to promote the mental health of all New Yorkers, with a particular focus on providing hope and recovery for adults … data on where funds are reinvested geographically and for what services. Examples of CBS-supported services via the …
https://www.osc.ny.gov/state-agencies/audits/2022/10/26/reporting-community-based-services-under-transformation-reinvestment-planTown of Ellicott – Fiscal Stress (2013M-269)
… the Town’s general town-wide fund’s unexpended surplus funds declined from $169,198 as of January 1, 2010, to a … while the highway part-town fund’s unexpended surplus funds declined from $63,773 to a deficit of $29,228 for the … same period. The general town-wide and highway part-town funds have had operating deficits during the last three …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-ellicott-fiscal-stress-2013m-269Carthage Central School District – Financial Condition (2014M-138)
… policies governing the establishment and use of reserve funds, and the balances in two of the funds are higher than necessary. Key Recommendations Develop … estimates for appropriations and unexpended surplus funds. Develop a plan for the use of excess unexpended …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/01/carthage-central-school-district-financial-condition-2014m-138Town of Carlisle – Fund Balance (2017M-106)
… Board. Budgeted appropriations for the general and highway funds for 2017 totaled $827,305. Key Findings The Board has … the Town’s objectives and goals for using the accumulated funds. General fund balance totaled $623,000 at the end of … and acceptable level for fund balances for all Town funds, and adopt a fund balance policy that reflects these …
https://www.osc.ny.gov/local-government/audits/town/2017/11/20/town-carlisle-fund-balance-2017m-106NYS Common Retirement Fund Announces Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) overall return in the third quarter of the state fiscal year 2015 was 1.91 percent for the … Retirement Fund The New York State Common Retirement Fund is the third largest public pension fund in the United …
https://www.osc.ny.gov/press/releases/2015/02/nys-common-retirement-fund-announces-third-quarter-resultsVillage of Spencerport – Financial Management (2013M-134)
… April 25, 2013. Background The Village of Spencerport is located in the Town of Ogden in Monroe County and has a … $833,139 and $522,373 in the general and sewer funds, (or 43 and 52 percent of expenditures), respectively. The Board … which would be a useful tool to strategically utilize to reduce the excessive unexpended surplus funds in a manner …
https://www.osc.ny.gov/local-government/audits/village/2013/09/13/village-spencerport-financial-management-2013m-134IV.5.A Operating and Other Transfers – IV. Accounting Codes - Uses and Descriptions
… GL BU balancing account used by the SFS Program. 60825 SW Trans to (FAR) GL BU balancing account used by the SFS Program. 60829 SW Trans To – OSC Use GL BU balancing account used by the SFS … account used by the SFS Program. 60850 Sole Custody Op Trans (To) GL BU balancing account used by the SFS Program. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv5a-operating-and-other-transfersThe Common Retirement Fund – Employer Contributions and Rates
… billion as of March 31, 2025, has three main sources of income (assets): Investment income Employer contributions Employee (member) … $219.3 billion was paid in pension benefits and the Fund’s investment income covered 73 percent of the cost. Over this …
https://www.osc.ny.gov/retirement/employers/contributions/common-retirement-fundDiNapoli Releases July State Cash Report
… may change depending upon developments in Washington." All Funds receipts totaled $48.6 billion, an increase of $666.9 million or 1.4 percent from a year earlier. All Funds receipts were $118.9 million higher than the latest … below initial projections in the Enacted Budget. All Funds spending totaled $50.4 billion through July 31, …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-releases-july-state-cash-report