Search
Opinion 89-42
… dealer in obligations upon receipt of written instructions from the officer authorized to make the investment. [Emphasis … to the investment of reserve fund moneys and the proceeds from the sale of obligations. It is clear from the above-quoted provision that obligations which are …
https://www.osc.ny.gov/legal-opinions/opinion-89-42DiNapoli Releases Analysis of Federal Funding for New York City
… billion of pandemic funds, which the city uses in part to fund recurring programs. In FY 2026 federal funding drops to …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-releases-analysis-federal-funding-new-york-cityUlster County – Financial Condition (2014M-27)
… Purpose of Audit The purpose of our audit was to review the County’s financial condition for the period of January 1, … September 30, 2013. Background The County of Ulster is governed by a 23-member elected County Legislature and has …
https://www.osc.ny.gov/local-government/audits/county/2014/05/09/ulster-county-financial-condition-2014m-27II.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-accountingVillage of Greenwich - Cash Management (2019M-230)
… earnings were maximized. Had officials invested available funds in a financial institution with higher available … monthly cash flow forecasts that estimate available funds for investment. Ensure available funds are invested within legal limits, to maximize interest …
https://www.osc.ny.gov/local-government/audits/village/2020/04/17/village-greenwich-cash-management-2019m-230Town of Moriah - Cash Management (2019M-169)
… were maximized. Had the Supervisor invested available funds in a financial institution with higher available … monthly cash flow forecasts that estimate available funds for investment. Ensure available funds are invested in a manner, within legal limits, to …
https://www.osc.ny.gov/local-government/audits/town/2019/11/27/town-moriah-cash-management-2019m-169Ontario-Seneca-Yates-Cayuga-Wayne Board of Cooperative Educational Services (BOCES) – Multiyear Planning and Software Management (2016M-249)
… Purpose of Audit The objective of our audit was to assess BOCES’ multiyear planning, … Background The Ontario-Seneca-Yates-Cayuga-Wayne Board of Cooperative Educational Services is a public entity …
https://www.osc.ny.gov/local-government/audits/boces/2016/12/09/ontario-seneca-yates-cayuga-wayne-board-cooperative-educational-services-bocesMount Sinai Union Free School District – Financial Management (2013M-227)
… use of fund balance for the period July 1, 2011, through June 30, 2013. Background The Mount Sinai Union Free School … used less than $1 million for District operations. As a result, the District’s unexpended surplus funds routinely … funds. Discontinue the practice of adopting budgets that result in appropriating unexpended surplus funds that will …
https://www.osc.ny.gov/local-government/audits/school-district/2013/10/16/mount-sinai-union-free-school-district-financial-management-2013m-227Town of Butler – Financial Management (2024M-119)
… the Town’s town-wide and town-outside-village (TOV) fund balances. Key Findings The Board did not effectively … required to be filed with the Office of the New York State Comptroller (OSC). Key Recommendations The audit report …
https://www.osc.ny.gov/local-government/audits/town/2024/12/24/town-butler-financial-management-2024m-119XVI.3.D Basis of Accounting/Measurement Focus – XVI. Financial Reporting
… Governmental Accounting (NCGA) Statement 1 GASB Statement No. 63 – Financial Reporting of Deferred Outflows of … to Financial Operations REV. 04/23/2019 … GASB Statement No …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3d-basis-accountingmeasurement-focusIX.8.D Electronic Refund Payments to the U.S. HHS – IX. Federal Grants
… returned by grant recipients due to audit disallowances; Cost reallocations (Expenditure Adjustment Journal …
https://www.osc.ny.gov/state-agencies/chapter-ix/ix8d-electronic-refund-payments-us-hhsDiNapoli Op-Ed in Crain's New York Business
… Covid Relief Funds? The new state budget reflects robust tax revenue growth and an unprecedented infusion of federal … even for New York, which has been among the largest net tax-dollar losers. But the extraordinary federal aid is …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-op-ed-crains-new-york-businessLegal Aid Society
… Purpose The objective of our examination was to determine whether payments Unified Courts System (Courts) made to Legal Aid Society of New York City (Legal Aid) from April 1, 2012 through March … the AFC Program, which includes verifying that the amounts on Legal Aid’s reconciliation reports were correct and …
https://www.osc.ny.gov/state-agencies/audits/2015/08/26/legal-aid-societyDiNapoli Releases Report on Tax Check-Off Donations
… New York state’s 25 personal income tax (PIT) check-off funds that were eligible to receive contributions saw a … large amounts of money were being collected in various funds but not being spent on the intended purposes in a timely manner. The report released today found that 14 funds had higher balances than in the prior year and that …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-releases-report-tax-check-off-donationsComptroller DiNapoli Announces $50 Million Toward Small Business Relief, Job Retention
… Corporation). Returns to the Fund will be consistent with U.S. Treasury securities. “New York small businesses are … for opportunities to help New Yorkers that are consistent with our fiduciary responsibility to the pension fund.” The … Comptroller’s office and the Fund have a long relationship with Pursuit having provided funds for business loans to help …
https://www.osc.ny.gov/press/releases/2020/04/comptroller-dinapoli-announces-50-million-toward-small-business-relief-job-retentionComptroller DiNapoli Releases Municipal Audits
… the lack of monitoring financial operations throughout the year. The budgets in both the water and sewer funds were not …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-releases-municipal-audits-0DiNapoli Releases December State Cash Report
… and $716.4 million higher than projected three quarters of the way through the state’s fiscal year, according to the … the state’s budget,”DiNapoli said. “However, revenue that is higher than anticipated today does not always mean flush … or $714.5 million, from a year earlier. The increase is primarily due to increases in personal income tax (PIT) …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-releases-december-state-cash-reportMonitoring and Administration of Public Protection Grant Programs
… Objective To determine whether the Division of Criminal Justice Services (Division) is adequately … providing resources and services that improve the quality of the criminal justice system. To that end, the Division … in the 17 counties that account for about 85 percent of violent crime – such as aggravated assault, forcible rape, …
https://www.osc.ny.gov/state-agencies/audits/2020/04/24/monitoring-and-administration-public-protection-grant-programsState Comptroller DiNapoli Releases School District Audits
… appropriations by a total of $24 million from 2017-18 through 2020-21. Officials could not explain how the … to fulfill the board’s claims audit responsibilities. As a result, there is an increased risk that improper or …
https://www.osc.ny.gov/press/releases/2022/03/state-comptroller-dinapoli-releases-school-district-auditsCity of Amsterdam – Budget Review (B20-5-8)
… the City’s general, transportation, sewer and recreation funds accumulated as of June 30, 2018. On June 25, 2020, the … The adopted budgets for the general and recreation funds are not structurally balanced because they include subsidies from other funds to finance their operations. The adopted budget …
https://www.osc.ny.gov/local-government/audits/city/2020/09/25/city-amsterdam-budget-review-b20-5-8