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City of Glens Falls – Financial Condition (2013M-150)
… and approve any necessary budget amendments. Although we do not consider the City to be in fiscal stress at this time, …
https://www.osc.ny.gov/local-government/audits/city/2013/08/02/city-glens-falls-financial-condition-2013m-150XIV.3.B Short Term Investment Pool (STIP) – XIV. Special Procedures
… component parts. In this way STIP can be compared with a money market fund, with the individual funds investing moneys not needed for day-to-day activities or to make payments in the money market fund. Although state funds … investment yields are calculated. Each month the Bureau of Financial Reporting within OSC publishes the STIP interest …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3b-short-term-investment-pool-stipXIX.3 Project IDs with Multiple Funding Sources – XIX. Project Costing (PCIP)
… are my complete project spending trends? What transactions have been recorded against my project, regardless of funding …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix3-project-ids-multiple-funding-sourcesVillage of Endicott -- Budget Review (B17-4-7)
… the tentative budget for the general, electric and parking funds are reasonable. The water and sewer funds' tentative budgets are not balanced and include a … by adjusting the rate structure in the water and sewer funds. Therefore, those funds are not projected to incur …
https://www.osc.ny.gov/local-government/audits/village/2017/04/14/village-endicott-budget-review-b17-4-7NYS Common Retirement Fund Announces First Quarter Results
… The New York State Common Retirement Fund’s (Fund) overall return … March 31, 2017. … The New York State Common Retirement Funds Fund overall return in the first quarter of the state …
https://www.osc.ny.gov/press/releases/2016/08/nys-common-retirement-fund-announces-first-quarter-resultsVillage of Coxsackie – Financial Condition and Water and Sewer Fund Accountability (2014M-324)
… condition and its accountability over the water and sewer funds for the period June 1, 2012 through May 31, 2014. … for the 2014-15 fiscal year for all operating funds total approximately $3.7 million. Key Findings Village … amounts due to the general fund from the water and sewer funds. For the fiscal year ending May 31, 2013, the water and …
https://www.osc.ny.gov/local-government/audits/village/2015/02/13/village-coxsackie-financial-condition-and-water-and-sewer-fund-accountabilityBolton Central School District – Financial Condition (2013M-58)
… only $266,732 of the fund balance during this period. As a result, the District has accumulated considerable unexpended … data. Discontinue the practice of adopting budgets that result in the appropriation of unexpended surplus funds that …
https://www.osc.ny.gov/local-government/audits/school-district/2013/05/31/bolton-central-school-district-financial-condition-2013m-58Saranac Central School District – Investment Program (2023M-89)
… million in operating and debt service funds available for investing, and earned $154,099 in investment earnings. … monthly cash flow forecasts to estimate funds available for investment. Key Recommendations Prepare monthly cash … flow forecasts that estimate the amount of funds available for investment. Consider all four objectives of a …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/22/saranac-central-school-district-investment-program-2023m-89Town of Ira – Financial Management (2014M-280)
… the Town’s financial management and budgeting practices for the period January 1, 2013 through November 13, 2014. Background The Town of Ira is located in Cayuga County and has a population of … budgeting practices and the level of unexpended surplus funds, resulting in a significant amount of unexpended …
https://www.osc.ny.gov/local-government/audits/town/2015/02/27/town-ira-financial-management-2014m-280January 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 … trusts are accounted for and reported in the fiduciary funds, TE Fund (Expendable) and TN Fund (Non Expendable). … only the basis of accounting and reporting of trust funds. Account codes, accounting records, budgeting, bank accounts, …
https://www.osc.ny.gov/local-government/publications/january-2001-accounting-reporting-expendable-and-non-expendable-trustsDiNapoli: State's Cash Position is Strong
… over, and the state’s cash position is strong,” DiNapoli said. “Settlements have already brought the state more than …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-states-cash-position-strongNYS Common Retirement Fund Reports First Quarter Results
… Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2020-21 was 10.35 percent for … period ending June 30, 2020, with an estimated value of $216.3 billion, according to New York State Comptroller Thomas P. DiNapoli. “One of the strongest rebounds in modern history lifted the Fund’s …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsPlainville Fire District – Board Oversight (2021M-91)
Determine whether the Plainville Fire District District Board of Fire Commissioners Board provided adequate oversight of the Districts financial operations
https://www.osc.ny.gov/local-government/audits/fire-district/2021/10/01/plainville-fire-district-board-oversight-2021m-91Town of Hancock – Justice Court Operations (2021M-6)
… exceeded known liabilities by $3,436 as of June 30, 2020. Key Recommendations Prepare monthly accountabilities …
https://www.osc.ny.gov/local-government/audits/justice-court/2021/05/21/town-hancock-justice-court-operations-2021m-6XII.6.O Paying Retainage – XII. Expenditures
… account codes set up for retainage when both retaining funds as well as releasing those withheld throughout the … Code Description 58951 Used when temporarily withholding funds from contract payment(s). 60321 Used when temporarily withholding funds from grant payment(s). 60750 Used when temporarily …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6o-paying-retainageDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… New York State Comptroller Thomas P. DiNapoli today released an … warned, however, that existing constraints on the Fund’s staffing and compensation could have current and future … of the regulatory framework established by New York State Department of Insurance (now known as the Department of …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingDiNapoli: Tax Collections Exceed Projections Through First Half of Fiscal Year
… strength in real property transfer tax collections. All Funds receipts totaled just under $75.2 billion through Sept. … billion were $989.1 million higher than last year. All Funds spending of $72.2 billion through the first half of the … more information on the General Fund, State Operating Funds and All Governmental Funds. The General Fund is the …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collections-exceed-projections-through-first-half-fiscal-yearOpinion 91-42
… longer represent those views if, among other things, there have been subsequent court cases or statutory amendments that … use) VILLAGE TREASURER -- Powers and Duties (authority to have custody of fire department funds) VILLAGES -- Powers and … village and that it shall be his or her responsibility to have custody of all moneys belonging to the village. A …
https://www.osc.ny.gov/legal-opinions/opinion-91-42Leading the Way on Climate Investment
… in Climate Solutions Comptroller DiNapoli and the Fund have committed more than $20 billion to sustainable … over 160 climate-related shareholder resolutions that have resulted in more than 85 agreements to enhance climate …
https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investmentXI.5 Purchase Authorizations – XI. Procurement and Contract Management
… related to Office of the State Comptroller (OSC) funds reservation requirements for Purchase Authorizations, … to use when establishing Purchase Authorizations. FUNDS RESERVATION In most cases, the State agency is not required to create a funds reservation for anticipated fiscal year purchases when …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi5-purchase-authorizations