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II.4.B Basis of Accounting – II. New York State Financial Accounting

… The State prepares financial statements on three bases of accounting: cash, modified accrual and accrual. Financial … functions are financed). Under GAAP, the accrual basis of accounting shall be used for the government-wide financial … funds, component units and fiduciary funds. The cash basis of accounting is used for budgetary purposes. For additional …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4b-basis-accounting

State Comptroller DiNapoli Adds $3 Billion to the State Pension Fund’s Sustainable Investment Program

… footprint analysis of the Fund’s public equity portfolio (16 percent lower overall emissions profile relative to its … as of the March 31, 2018 end of its most recent fiscal year. The Fund holds and invests the assets of the New York …

https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-adds-3-billion-state-pension-funds-sustainable-investment-program

Mattituck-Cutchogue Union Free School District – Financial Condition (2013M-322)

… Purpose of Audit The purpose of our audit was to evaluate the District’s financial operations and use of fund balance for the period July 1, 2012 through July 31, … officials reported a restricted cash balance of $0 on its financial statements. Key Recommendations Develop a …

https://www.osc.ny.gov/local-government/audits/school-district/2014/01/24/mattituck-cutchogue-union-free-school-district-financial-condition-2013m

NYS Common Retirement Fund Announces Second Quarter Results

… (7.8 percent), real estate (6.6 percent), absolute return strategies (2.7 percent) and opportunistic alternatives and …

https://www.osc.ny.gov/press/releases/2017/11/nys-common-retirement-fund-announces-second-quarter-results

NYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review

… examination to mitigate investment risk and minimize market impact. “Russia’s unlawful invasion of Ukraine has led …

https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-review

IX.6.E Education Department - G5 System – IX. Federal Grants

… and final closeout of the grant award. The UEI number for each state agency functions as an account on G5. … Therefore, each state agency must use the same UEI number for all its grants. To receive funds through G5, each agency … State’s Tax Identification Number (TIN) with the System for Award Management (SAM). OSC BSAO initiates payment …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6e-education-department-g5-system

Town of Deerfield – Financial Management and Fuel Inventory (2012M-253)

Town of Deerfield Financial Management and Fuel Inventory 2012M253

https://www.osc.ny.gov/local-government/audits/town/2013/03/15/town-deerfield-financial-management-and-fuel-inventory-2012m-253

Sustainable Investments and Climate Solutions Program

… including private equity, actively managed public equity strategies, green bonds, clean and green infrastructure …

https://www.osc.ny.gov/common-retirement-fund/sustainable-investments-and-climate-solutions-program

City of Amsterdam – Budget Review (B24-5-5)

… submit to the State Comptroller, starting with the fiscal year during which it was authorized to issue the deficit obligations, and for each subsequent fiscal year during which the deficit obligations are outstanding, … its proposed budget for the next succeeding fiscal year. Key Findings The significant revenue and expenditure …

https://www.osc.ny.gov/local-government/audits/city/2024/05/13/city-amsterdam-budget-review-b24-5-5

Comptroller DiNapoli Releases Municipal Audits

… (Cayuga County) The treasurer receives all department funds, prepares and makes all deposits, pays department bills … did not always obtain approval prior to transferring funds in the department’s bank accounts as required. Town of … budgeting practices and the level of unexpended surplus funds, resulting in a significant amount of unexpended …

https://www.osc.ny.gov/press/releases/2015/03/comptroller-dinapoli-releases-municipal-audits

School of Professional Studies – Controls Over Bank Accounts

… whether there was fraud, waste, or abuse in the use of funds held in its bank accounts. Background The City University of New York School of Professional Studies (CUNY SPS) was …

https://www.osc.ny.gov/state-agencies/audits/2015/06/02/school-professional-studies-controls-over-bank-accounts

Opinion 89-56

… clear prohibition against such inclusion in the State or Federal Constitution, a statute, decisional law or …

https://www.osc.ny.gov/legal-opinions/opinion-89-56

DiNapoli: Former Alexandria Town Clerk Pleads Guilty in Theft

… Attorney’s office and the State Police for their hard work on this case.” “The Jefferson County District Attorney’s … office would like to also extend our thanks to the New York State Police and the Office of the State Comptroller … office at the town’s request, in partnership with law enforcement. The investigation and audit found that Peck, …

https://www.osc.ny.gov/press/releases/2016/06/dinapoli-former-alexandria-town-clerk-pleads-guilty-theft

Brookhaven-Comsewogue Union Free School District - Extra-Classroom Activity Funds (2021M-181)

… funds. Key Findings Unapproved ECA clubs were operating in the District and District officials did not establish an … and deposited, and disbursements are for valid purposes. The Board did not: Adopt a comprehensive ECA policy or … tested totaling $321,554 are not properly accounted for by the ECA club. Properly appoint faculty auditors and ensure …

https://www.osc.ny.gov/local-government/audits/school-district/2022/06/17/brookhaven-comsewogue-union-free-school-district-extra-classroom-activity

Town of Wawarsing - Financial Oversight of Select Activities (2018M-239)

… [read complete report - pdf] Audit Objective To examine the adequacy of internal controls over selected financial … account for and safeguard Town funds. Key Findings The Board did not provide proper oversight to the bidding … senior account clerk (account clerk) paid a vendor, who is a relative, a double payment of $86,154. The former …

https://www.osc.ny.gov/local-government/audits/town/2019/06/28/town-wawarsing-financial-oversight-select-activities-2018m-239

IX.11.A Single Audit Act Accounting and Reporting Requirements – IX. Federal Grants

… (ALN) (formerly CFDA) contained in the state’s accounting system are essential to assure that information provided to …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix11a-single-audit-act-accounting-and-reporting-requirements

Town of Pleasant Valley – Financial Management (2024M-158)

… were underestimated and expenditures were overestimated in the general and highway funds generating operating … that was not needed to fund operations, including $439,870 in the general fund for the audit period and $603,395 in four of the five years reviewed for the highway fund. …

https://www.osc.ny.gov/local-government/audits/town/2025/05/09/town-pleasant-valley-financial-management-2024m-158