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NYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2020-21 was 10.35 percent for … The New York State Common Retirement Funds Fund estimated …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsBolton Central School District – Financial Condition (2013M-58)
… 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-58Village of Coxsackie – Financial Condition and Water and Sewer Fund Accountability (2014M-324)
… and other relevant information. Village officials do not have written procedures for reconciling the water …
https://www.osc.ny.gov/local-government/audits/village/2015/02/13/village-coxsackie-financial-condition-and-water-and-sewer-fund-accountabilityHalf Hollow Hills Community Library - Fund Balance (2018M-127)
… complete report - pdf] Audit Objective Determine if the Board of Trustees (Board) effectively manages the Library’s fund balance. Key … address the maintenance of surplus fund balance, how the Board expects to use surplus funds and the timeframe for … Determine if the Board of Trustees Board effectively manages the Librarys fund …
https://www.osc.ny.gov/local-government/audits/library/2018/11/09/half-hollow-hills-community-library-fund-balance-2018m-127Town of Stockton – Financial Management (2014M-90)
… 13, 2014. Background The Town of Stockton is located in Chautauqua County and has a population of approximately … The Board has consistently overestimated appropriations in annual budgets. Town officials have not developed a … Reduce the unexpended surplus fund balances in the general and highway town-wide funds and adopt a policy …
https://www.osc.ny.gov/local-government/audits/town/2014/09/12/town-stockton-financial-management-2014m-90Town of Easton – Sales Tax Allocation (2014M-355)
… 2013 through June 30, 2014. Background The Town of Easton is located in Washington County and within its border … a portion of the Village of Greenwich. The Town, which is governed by an elected five-member Town Board, has a …
https://www.osc.ny.gov/local-government/audits/town/2015/02/13/town-easton-sales-tax-allocation-2014m-355DiNapoli: 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 independent fiduciary and conflict of … New York State Comptroller Thomas P DiNapoli today released an independent fiduciary and conflict of …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingXII.6.O Paying Retainage – XII. Expenditures
… SECTION OVERVIEW AND POLICIES This section provides Business Units with instructions on recording and paying … where ongoing contractual services exist between a Business Unit and a vendor, and the Business Unit deems it prudent to retain a certain percentage …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6o-paying-retainageDiNapoli: State's Fiscal Outlook Declines
… volatility, and increases in recurring spending, according to a report by State Comptroller Thomas P. DiNapoli. “The … Legislature prudently increased New York’s reserve funds, but that cannot replace fiscal discipline or be relied upon to plug recurring budget gaps. While there is no quick fix, a proactive approach by state …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-states-fiscal-outlook-declinesDiNapoli: Tax Collections Exceed Projections Through First Half of Fiscal Year
… The General Fund ended the first half of the year with a balance of $10.7 billion, up 33 percent from a year … dollars. “New York’s cash position continues to improve with higher-than-expected tax collections and …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collections-exceed-projections-through-first-half-fiscal-yearOpinion 91-42
… -- 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 condition regarding use) VILLAGE TREASURER … Whether a village and a village fire department may agree to transfer …
https://www.osc.ny.gov/legal-opinions/opinion-91-42NYS Comptroller DiNapoli Continues to Hold Corporate America Accountable for Poor Climate Policies
… Retirement Fund’s latest successful shareholder efforts to have corporations improve their environmental policies and practices and take steps to address climate risk. “Climate change is a significant threat to our pension fund’s investments. We take a broad approach …
https://www.osc.ny.gov/press/releases/2019/09/nys-comptroller-dinapoli-continues-hold-corporate-america-accountable-poor-climate-policiesXI.5 Purchase Authorizations – XI. Procurement and Contract Management
… for review. ( Exception: If the contract provides for a guaranteed minimum purchase, OSC will require a pre-encumbrance reserving funds for the guaranteed purchase amount.) See XI.2.C Contract Funds … Exception: If the Purchase Authorization provides for a guaranteed minimum purchase, a pre-encumbrance reserving …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi5-purchase-authorizationsSaranac Central School District – Investment Program (2023M-89)
… rate quotes, and Prepare monthly cash flow forecasts to estimate funds available for investment. Key … funds. District officials were given an opportunity to respond within 30 days in writing to our findings and recommendations but chose not to respond. …
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)
… Purpose of Audit The purpose of our audit was to review the Town’s financial management … 1, 2013 through November 13, 2014. Background The Town of Ira is located in Cayuga County and has a population of … The purpose of our audit was to review the Towns financial management and …
https://www.osc.ny.gov/local-government/audits/town/2015/02/27/town-ira-financial-management-2014m-280DiNapoli Releases May State Cash Report
… tax collections totaled just under $11 billion through May 31, a decline of $1.1 billion, or 8.8 percent, from the … "The state's tax revenues did not make up ground in May and are still more than $1 billion lower than last year … business tax collections. Overall tax receipts through May were $62.3 million below the most recent projections. The …
https://www.osc.ny.gov/press/releases/2017/06/dinapoli-releases-may-state-cash-reportVillage of Keeseville – Financial Condition (2013M-192)
… Key Recommendations Ensure that the Village’s accounting records for the operating funds are complete and accurate. Ensure that the accounting records are properly adjusted to reflect correct account … ensure that they are properly recorded in the accounting records. Review the sewer and water rates periodically and …
https://www.osc.ny.gov/local-government/audits/village/2013/09/20/village-keeseville-financial-condition-2013m-192Opinion 95-12
… term "bank," as used in sections 10 and 11, is defined to mean a "bank as defined by the banking law or a national … 11[1]). The New York State Banking Law defines "bank" to mean "any corporation, other than a trust company, organized …
https://www.osc.ny.gov/legal-opinions/opinion-95-12IX.12.G Check Clearance Patterns – IX. Federal Grants
… A “check clearance pattern” projects the amount subtracted from a … state makes a disbursement of federal funds. That is, the clearance pattern reflects how those checks clear the bank … the U.S. Treasury may require states to develop check clearance patterns for the purpose of: Timing the drawdown of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12g-check-clearance-patternsXV.15 Fund Classification Manual – XV. End of Year
… throughout the year to reflect changes made to various funds pursuant to legislation. Guide to Financial Operations … throughout the year to reflect changes made to various funds pursuant to legislation …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv15-fund-classification-manual