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Comptroller DiNapoli Releases State Audits
Auditors found that at one OCFS facility cash receipts from a small café which is part of a training program for residents to learn to operate a small business are commingled with advance account funds prior to transfer to the state treasury
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-releases-state-auditsTown of Butternuts – Accounting and Reporting (2016M-323)
… $181,500 of sales tax distributions and $150,400 of State transportation aid across differing and incorrect tax …
https://www.osc.ny.gov/local-government/audits/town/2016/11/25/town-butternuts-accounting-and-reporting-2016m-323Greenville Fire District – Capital Reserve (2014M-64)
… County. The District is a district corporation of the State, distinct and separate from the Town. Budgeted … reasonableness of amounts accumulated in reserve funds. If new equipment is not purchased, develop a plan for use of the …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/05/16/greenville-fire-district-capital-reserve-2014m-64Rocky Point Union Free School District – Financial Condition (2015M-170)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial condition for the period … fund balance. District officials have not established a formal plan stating how much would be set aside in each reserve fund, how each …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/13/rocky-point-union-free-school-district-financial-condition-2015m-170XV.14 Federal Admin Recoveries – XV. End of Year
… by the date identified in the Office of Operations Events and Deadlines Calendar . Submission of a request after the … their child budgets for Source 9 related activity codes and reduce them to actual expenditure levels to allow for the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv14-federal-admin-recoveriesGroton Central School District – Cash Management (2020M-124)
… another $367,963 if officials invested available funds in a financial institution that offered higher interest rates. The Business Official did not: Develop and manage a comprehensive investment program or comply with the District’s Board of Education’s (Board) investment policy. Solicit interest …
https://www.osc.ny.gov/local-government/audits/school-district/2021/01/29/groton-central-school-district-cash-management-2020m-124Town of Saranac - Cash Management (2019M-32)
… fees were minimized. 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/2019/09/13/town-saranac-cash-management-2019m-32Massena Central School District - Selected Non-Payroll Disbursements (2019M-71)
… direct access to a District bank account to disburse these funds. Payment of utilities totaling $60,641 and … to a District bank account and the ability to disburse funds. Transfer money to the administrator for the total … in satisfaction of dental claims and initiate and disburse funds for all utility payments. Ensure that all claims are …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/massena-central-school-district-selected-non-payroll-disbursements-2019mVillage of Fort Ann – Financial Condition (2014M-197)
… approximately $219,000 for the general, water and sewer funds. Key Findings The Board consistently appropriated … overestimated expenditures for the water and sewer funds with the intention of increasing the levels of fund … actual amount available. Ensure that the water and sewer funds’ budgets contain realistic appropriations. … Village of …
https://www.osc.ny.gov/local-government/audits/village/2014/11/14/village-fort-ann-financial-condition-2014m-197IX.12.A Key Provisions – IX. Federal Grants
… cash which is transferred by the Federal Government to state primary government agencies (i.e., not public … the CMIA program threshold calculated for the upcoming state fiscal year (SFY); certain state funding in support of covered federal programs may also …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12a-key-provisionsOpinion 92-32
… structure which should be preserved as an historic site. The town, however, does not wish to hold title to the … reconvey it to an historical society for the purpose of facilitating the restoration and preservation of the historic site. As specified in section 119-dd(4), however, the …
https://www.osc.ny.gov/legal-opinions/opinion-92-32Sexual Offender and Management Treatment Act Program
… Background In April 2007, the Legislature enacted the Sex Offender Management and Treatment Act (Act), which … SOMTA program is designed to closely supervise and treat sex offenders who are near release from prison or parole, and … abnormalities, pose a substantial risk to commit new sex crimes. Since the Act’s inception, the Office has …
https://www.osc.ny.gov/state-agencies/audits/2013/09/23/sexual-offender-and-management-treatment-act-programSelected Aspects of Discretionary Spending
… … To determine whether the State University Construction Funds discretionary spending complied with its guidelines and …
https://www.osc.ny.gov/state-agencies/audits/2014/09/19/selected-aspects-discretionary-spendingOpinion 89-42
… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- … a system known as "Treasury Direct." Under this system, no physical security is issued, the security being evidenced … establish an account master record before the owner may deposit a security in "Treasury Direct" (31 CFR 357.20[c]). …
https://www.osc.ny.gov/legal-opinions/opinion-89-42Cattaraugus-Little Valley Central School District – Financial Management (2022M-23)
… officials effectively managed fund balance and reserve funds. Key Findings The Board and District officials did not properly manage fund balance and reserve funds. The Board and District officials: Did not implement … properly restricted in a debt reserve and did not use the funds to pay related debt as required. As a result, the …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/01/cattaraugus-little-valley-central-school-district-financial-managementWhite Plains City School District – Financial Management (2020M-71)
Determine whether the Board and District officials adopted realistic budgets and maintained reasonable levels of fund balance and reserve funds
https://www.osc.ny.gov/local-government/audits/school-district/2020/10/30/white-plains-city-school-district-financial-management-2020m-71DiNapoli: Clerk Admits Writing Nearly $5,000 in Village Checks for Herself
… larceny, a misdemeanor, and agreed to pay full restitution plus $500 to cover the village of Delhi’s insurance deductible in lieu of three years’ probation plus one year conditional discharge. “Ms. Barnes used public …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-clerk-admits-writing-nearly-5000-village-checks-herselfAmityville Union Free School District – Extra-Classroom Activity Fund (2021M-87)
… deposited and disbursed extra-classroom activity (ECA) funds. Key Findings District officials did not properly collect, receipt, deposit and disburse ECA funds. Because officials did not issue duplicate receipts … Recommendations Adopt an ECA fund policy to ensure that funds are properly collected, receipted, deposited and …
https://www.osc.ny.gov/local-government/audits/school-district/2021/10/08/amityville-union-free-school-district-extra-classroom-activity-fund-2021mComptroller DiNapoli Releases Municipal Audits
… District – Cash Receipts and Disbursements (2017M-199) The Board did not regularly review financial records to …
https://www.osc.ny.gov/press/releases/2019/08/comptroller-dinapoli-releases-municipal-auditsNYS Common Retirement Fund Announces First Quarter Results
… York State Common Retirement Fund's (Fund) overall return in the first quarter of the state fiscal year 2015-2016 was … (7.5 percent), real estate (6.4 percent), absolute return strategies (3.6 percent) and opportunistic alternatives and … holds and invests the assets of the New York State and Local Retirement System on behalf of more than one million …
https://www.osc.ny.gov/press/releases/2015/08/nys-common-retirement-fund-announces-first-quarter-results