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DiNapoli: January Tax Collections Fall Short
… State tax collections through the first 10 months of the state’s fiscal year rose 1 percent from last year to … $367.3 million below the state’s latest estimates because of lower than expected Personal Income Tax (PIT) collections, … this year, but last month’s tax collections fell short of expectations,” DiNapoli said. “With two months left in the …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-january-tax-collections-fall-shortComptroller DiNapoli Releases State Audits
… OCFS facility, cash receipts from a small café, which is part of a training program for residents to learn to operate … one OCFS facility cash receipts from a small café which is part of a training program for residents to learn to operate …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-releases-state-auditsComptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced the … Assistant Treasurer admitted to stealing $4,100 in County funds from 2012 to 2017 and resigned from her position. In … all 10 computers that was not related to town business. … New York State Comptroller Thomas P DiNapoli today announced …
https://www.osc.ny.gov/press/releases/2019/08/comptroller-dinapoli-releases-municipal-auditsDiNapoli: State Pension Fund Valued at $254.1 Billion at End of First Quarter
… New York State Comptroller Thomas P. DiNapoli today announced … billion at the end of the first quarter of state fiscal year 2023-24. For the three-month period ending June 30, 2023, …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-state-pension-fund-valued-2541-billion-end-first-quarterNYS Common Retirement Fund Announces First Quarter Results
… The New York State Common Retirement Fund's (Fund) overall return in the … climate," DiNapoli said. "Nevertheless, New York's pension fund remains strong and well-positioned for the … March 31, 2016. … The New York State Common Retirement Funds Fund overall return in the first quarter of the state …
https://www.osc.ny.gov/press/releases/2015/08/nys-common-retirement-fund-announces-first-quarter-resultsXIX.6.D Reporting – XIX. Project Costing (PCIP)
… and enhances its capabilities. Federal grant reporting will be based on the relationship of a … project across all funding sources. The report supports agency projects with the agency Project Costing Business Unit and their associations …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix6d-reportingDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
State Comptroller Thomas P DiNapoli today announced that the New York State Common Retirement Fund reached a record estimated value of $1835 billion
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionGermantown Central School District – Financial Management (2013M-230)
… of taxpayer dollars without full disclosure of how these funds will be used. Key Recommendations Develop realistic … procedures related to the establishment and use of reserve funds. Review all reserves and determine if the amounts … manner. Develop a plan for the use of unexpended surplus funds and excess reserve funds identified in this report in a …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/17/germantown-central-school-district-financial-management-2013m-230Town of East Fishkill –Financial Condition (2014M-139)
Town of East Fishkill Financial Condition 2014M139
https://www.osc.ny.gov/local-government/audits/town/2014/08/08/town-east-fishkill-financial-condition-2014m-139DiNapoli: Former Treasurer of Frewsburg Central School District Pleads Guilty to Stealing Nearly $7,000 in School Funds
… membership dues and sales. The thefts occurred between March and August 2019. The school district superintendent … the district in the amount of $6,982.42. The arrest is a result of a joint investigation between the State …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-former-treasurer-frewsburg-central-school-district-pleads-guilty-stealing-nearly-7000-schoolTown of Forestport – Financial Management (2013M-184)
… balance policy governing the level of unexpended surplus funds to be maintained in the Town’s operating funds. Ensure that interfund loans between funds with different tax bases are paid with interest to the …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-forestport-financial-management-2013m-184Citizens Hose Company – Board Oversight of Financial Operations (2015M-157)
… not have adequate controls in place to ensure that Company funds were safeguarded. The Company’s bylaws were … or audit committee when collecting and depositing funds, recording cash receipts and disbursements and paying … The Treasurer misappropriated more than $20,000 of Company funds. The Company Secretary inappropriately used a Company …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2020/12/11/citizens-hose-company-board-oversight-financial-operationsTown of Bolivar – Community Development Block Grant (2013M-353)
… as well as the unauthorized diversion of Town grant funds. The CCDC overpaid itself $3,000. In addition, several … contractors by the CCDC averaged 21 days after receiving funds from the town. Key Recommendations Refrain from … by the CCDC as well as obtain from the CCDC sufficient funds to pay contractors for all completed work. Establish …
https://www.osc.ny.gov/local-government/audits/town/2014/03/07/town-bolivar-community-development-block-grant-2013m-353Homer Central School District – Financial Condition (2013M-306)
… a total of almost $3.6 million of unexpended surplus funds and budgeted for expenditures from its reserves in its budgets. Although unexpended surplus and reserve funds were included in the budgets as a financing sources, the District did not actually use the surplus funds or all of the budgeted reserve fund amounts as planned …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/homer-central-school-district-financial-condition-2013m-306Frankfort-Schuyler Central School District – Financial Management (2016M-226)
… an average of approximately $342,000 of unrestricted funds in the debt service fund, $1.1 million in the agency … is in compliance with the statutory limit; use surplus funds as a financing source for funding one-time … in accordance with statute, to remedy reserves with excess funds. Adopt a reserve fund policy that states its financial …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/30/frankfort-schuyler-central-school-district-financial-management-2016m-226IX.12.P Annual Schedule of Expenditures of Federal and Non-Cash Awards – IX. Federal Grants
… (ALN) and the corresponding disbursements of Federal funds or value of assistance for non-cash benefit programs, … and to review the State's administrative and Federal funds cash management procedures for Federal funds. The annual schedule also includes Federal financial …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12p-annual-schedule-expenditures-federal-and-non-cash-awardsTown of Busti – Taxpayer Equity (2015M-349)
… Purpose of Audit The purpose of our audit was to determine whether Town officials were properly budgeting … October 21, 2015. Background The Town of Busti is located in Chautauqua County and has a population of approximately … $1.1 million. Key Findings In 2014, Town officials did not properly budget for or allocate approximately $135,000 in …
https://www.osc.ny.gov/local-government/audits/town/2016/03/25/town-busti-taxpayer-equity-2015m-349Sandy Creek Central School District – Reserve Management (2023M-43)
… the Sandy Creek Central School District (District) Board of Education (Board) and District officials properly managed …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/23/sandy-creek-central-school-district-reserve-management-2023m-43Amagansett Union Free School District – Financial Condition (2014M-91)
… 2012-13. The District has accumulated unexpended surplus funds of up to two times the amount allowed by statute. Two of the District’s reserve funds had excessive balances and no formal plan for funding … within statutory limits. Develop a formal plan for reserve funds. … Amagansett Union Free School District Financial …
https://www.osc.ny.gov/local-government/audits/school-district/2014/07/03/amagansett-union-free-school-district-financial-condition-2014m-91Town of Kortright – Financial Management (2016M-397)
… an elected five-member Town Board. The general and highway funds’ budgeted appropriations for 2017 total approximately … fund without clear plans for the use of these accumulated funds. The Board has not adopted long-term financial and … objectives and goals for the use of these accumulated funds. Key Recommendations Develop a fund balance and reserve …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kortright-financial-management-2016m-397