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Town of Easton – Sales Tax Allocation (2014M-355)

… resulting in taxpayer inequities of approximately $188,000 from 2011 through 2014. Key Recommendations Allocate sales …

https://www.osc.ny.gov/local-government/audits/town/2015/02/13/town-easton-sales-tax-allocation-2014m-355

Village of Coxsackie – Financial Condition and Water and Sewer Fund Accountability (2014M-324)

… Board. Budgeted appropriations for the 2014-15 fiscal year for all operating funds total approximately $3.7 … fund from the water and sewer funds. For the fiscal year ending May 31, 2013, the water and sewer funds owed the general fund $440,974. For the fiscal year ending May 31, 2014, the amount increased to $560,359. …

https://www.osc.ny.gov/local-government/audits/village/2015/02/13/village-coxsackie-financial-condition-and-water-and-sewer-fund-accountability

Bolton Central School District – Financial Condition (2013M-58)

… Purpose of Audit The purpose of our audit was to examine the District’s … 30, 2012. Background The Bolton Central School District is located in Warren County. The District is governed by the Board of Education which comprises seven …

https://www.osc.ny.gov/local-government/audits/school-district/2013/05/31/bolton-central-school-district-financial-condition-2013m-58

IX.8.B Interest on Advance Payments to Vendors – IX. Federal Grants

… before the vendors have disbursed their own funds. The funds received from the State are often deposited into an … by the vendor. If the vendor does not disburse the funds, the agency should require the funds be returned to the …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8b-interest-advance-payments-vendors

Deposit Central School District - Financial Condition (2018M-204)

… officials have: Implemented measures to contain costs in the general fund. Over the last three fiscal years, … Not implemented plans to improve operating results in the cafeteria fund. It has had three successive operating deficits in each of the last three fiscal years totaling over …

https://www.osc.ny.gov/local-government/audits/school-district/2019/02/08/deposit-central-school-district-financial-condition-2018m-204

IX.12.M Journal Vouchers – IX. Federal Grants

… agencies for goods or services rendered to, or on behalf of the first state agency; or Reimburse a second state agency …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12m-journal-vouchers

VII.9 Overview – VII. State Revenues and Appropriated Loan Receivables

… will be paid from Federal and other dedicated revenue funds of the State. Fringe Benefits costs refer to those … and the State's contribution to the Employee Benefit Funds pursuant to agreements with the various bargaining … for assessing, collecting and making payments from funds of the State are included in various statutes of the …

https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-overview

VII.9 Fringe Benefits and Indirect Costs – VII. State Revenues and Appropriated Loan Receivables

… will be paid from Federal and other dedicated revenue funds of the State. Fringe Benefits costs refer to those … and the State's contribution to the Employee Benefit Funds pursuant to agreements with the various bargaining … for assessing, collecting and making payments from funds of the State are included in various statutes of the …

https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-fringe-benefits-and-indirect-costs

Examples from GASB Statement 34 - Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds

… Expenditures, and Changes in Fund Balances Governmental Funds For the Year Ended December 31, 2002   General Fund HUD … Redevelopment Route 7 Construction Fund Other Governmental Funds Total Governmental Funds REVENUES:             Property …

https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-1

XI.12 Overview – XI. Procurement and Contract Management

… for closing and, if necessary, re-establishing contracts in the Statewide Financial System (SFS). Guide to Financial …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12-overview

January 2001: Accounting & Reporting of Expendable and Non-expendable Trusts

… resources, both principal and earnings, may be expended for authorized purposes. A nonexpendable trust is a trust … System of Accounts (USA), these trusts are accounted for and reported in the fiduciary funds, TE Fund (Expendable) … changes to the accounting and reporting requirements for expendable and nonexpendable trusts. The statement …

https://www.osc.ny.gov/local-government/publications/january-2001-accounting-reporting-expendable-and-non-expendable-trusts

DiNapoli: State's Cash Position is Strong

… according to the August cash  report  released today by New York State Comptroller Thomas P. DiNapoli. DiNapoli also … initially anticipated.  “The current state fiscal year is nearly half over, and the state’s cash position is …

https://www.osc.ny.gov/press/releases/2014/09/dinapoli-states-cash-position-strong

NYS Common Retirement Fund Reports First Quarter Results

… The New York State Common Retirement Fund’s (Fund) estimated … with an estimated value of $216.3 billion, according to New York State Comptroller Thomas P. DiNapoli. “One of the … and real assets (8.7 percent) and credit, absolute return strategies and opportunistic alternatives (5.5 percent). The …

https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-results

DiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing

… sought to establish our state’s pension fund as a leader in transparency, ethics and effectiveness. It’s gratifying to … as the Fund’s trustee: “The Comptroller consistently acts in the sole interest of the members and beneficiaries of the … outsourced investment management and support functions.  In addition, independent compensation benchmarking indicates …

https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffing

XII.6.O Paying Retainage – XII. Expenditures

… the process. Please refer to the Statewide Financial System Program’s training curriculums for full instructions. …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6o-paying-retainage

Saranac Central School District – Investment Program (2023M-89)

… audit period, the District had an average of $12.4 million in operating and debt service funds available for investing, and earned $154,099 in investment earnings. Had officials utilized their … were given an opportunity to respond within 30 days in writing to our findings and recommendations but chose not …

https://www.osc.ny.gov/local-government/audits/school-district/2023/12/22/saranac-central-school-district-investment-program-2023m-89

Town of Ira – Financial Management (2014M-280)

… Purpose of Audit The purpose of our audit was to review the Town’s financial management and budgeting … The Board has not developed policies and procedures to govern budgeting practices and the level of unexpended … and capital needs and financing sources for a three-to-five year period. … The purpose of our audit was to review …

https://www.osc.ny.gov/local-government/audits/town/2015/02/27/town-ira-financial-management-2014m-280

Opinion 91-42

… DEPARTMENT -- Villages (authority to transfer department funds to village treasurer); (cooperative investment of department funds and village funds); (gift of department funds to village subject to …

https://www.osc.ny.gov/legal-opinions/opinion-91-42

DiNapoli: Tax Collections Exceed Projections Through First Half of Fiscal Year

… higher than the same period last year, and collections in September were $1.2 billion, or 16.2 percent, higher than … above updated projections. PIT collections of $5.1 billion in September were up by $892 million, or more than 21 … the first six months, as well as continued strength in real property transfer tax collections.  All Funds …

https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collections-exceed-projections-through-first-half-fiscal-year

Leading the Way on Climate Investment

… risk, please see the 2024 Progress Report on the New York State Common Retirement Fund’s Climate Action Plan. … to net zero greenhouse gas emissions by 2040. As the world increasingly moves toward net zero emissions targets by … Climate Action Plan Decarbonization Advisory Panel Report New York State Pension Fund Sets 2040 Net Zero Carbon …

https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investment