Search
Town of Wawarsing - Financial Oversight of Select Activities (2018M-239)
To examine the adequacy of internal controls over selected financial activities to properly account for and safeguard Town funds.
https://www.osc.ny.gov/files/local-government/audits/pdf/wawarsing-2018-239.pdfOpinion 88-36
… This opinion represents the views of the Office of the State Comptroller at the time … on behalf of sheriff) COUNTY LAW, §650: A county sheriff is subject to the rule of strict or absolute liability for … or maintain insurance, except for certain risks not here relevant. Notwithstanding the clear language of this …
https://www.osc.ny.gov/legal-opinions/opinion-88-36Westchester County - Financial Condition (2018M-151)
… and 2017 annual budgets. The general fund owes the sewer funds approximately $50 million. Key Recommendations Increase … out reliance on short-term debt and advances from other funds. Discontinue the practice of using one-time revenues to … expenditures. Repay the advances made from the sewer funds to the general fund. … Westchester County Financial …
https://www.osc.ny.gov/local-government/audits/county/2018/10/23/westchester-county-financial-condition-2018m-151Sweet Home Central School District – Financial Management (2022M-166)
… officials properly managed fund balance and reserve funds. Key Findings District officials did not properly manage fund balance. They improperly encumbered funds and improperly restricted surplus funds in a debt reserve. As a result, District officials were …
https://www.osc.ny.gov/local-government/audits/school-district/2023/03/31/sweet-home-central-school-district-financial-management-2022m-166Wilson Central School District - Financial Management (2022M-22)
… report - pdf] Audit Objective Determine whether the Wilson Central School District (District) Board of Education (Board) and …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/wilson-central-school-district-financial-management-2022m-22Pompey Hill Fire District – Financial Management (2021M-136)
… (Board) properly established and managed capital reserve funds, ensured records were audited and annual reports were … referendum. The District used $97,000 of capital reserve funds for operating costs which was not an authorized use of the reserve funds. Key Recommendations Officially establish the capital …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/11/05/pompey-hill-fire-district-financial-management-2021m-136Village of Delhi – Financial Condition (2013M-110)
… to 2012. As of May 31, 2012, the general, water and sewer funds have accumulated significant unexpended surplus funds and have not established formal reserves for future … Develop a plan to reduce the amount of unexpended surplus funds in a manner that benefits Village taxpayers. … Village …
https://www.osc.ny.gov/local-government/audits/village/2013/07/26/village-delhi-financial-condition-2013m-110East Irondequoit Central School District - Financial Management (2019M-28)
… surplus funds for one-time expenditures, paying down debt or applying it to the necessary property tax levy amount. …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/18/east-irondequoit-central-school-district-financial-management-2019m-28Red Creek Central School District – Financial Condition (2016M-365)
… Purpose of Audit The purpose of our audit was to examine the District’s financial condition for the period …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/30/red-creek-central-school-district-financial-condition-2016m-365Sayville Union Free School District – Financial Condition and Cellular Telephones (2015M-86)
… through August 31, 2014. Background The Sayville Union Free School District is located in the Town of Islip, Suffolk … phone bills prior to authorizing payment. … Sayville Union Free School District Financial Condition and Cellular …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/14/sayville-union-free-school-district-financial-condition-and-cellularHarpursville Central School District – Financial Management (2013M-261)
… during this period. As a result, the unexpended surplus funds exceeded the statutory maximum of 4 percent of the … 21 percent to 33 percent. The District has four reserve funds with excessive balances. Key Recommendations Ensure … taxpayers. Review all reserve balances and transfer excess funds to unrestricted fund … Harpursville Central School …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/03/harpursville-central-school-district-financial-management-2013m-261Lancaster Central School District – Financial Condition (2016M-101)
… District, which operates seven schools with approximately 5,700 students, is governed by an elected seven-member Board … for the 2015-16 fiscal year totaled approximately $100 million. Key Findings During the 2012-13 through 2014-15 …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/lancaster-central-school-district-financial-condition-2016m-101Pembroke Central School District - Investment Program (2023M-130)
… with written procedures for the investment of District funds. Prepare monthly cash flow forecasts to estimate funds available for investment. Monitor investments. … safety, liquidity and yield - when investing available funds. District officials agreed with our recommendations …
https://www.osc.ny.gov/local-government/audits/school-district/2024/04/19/pembroke-central-school-district-investment-program-2023m-130DiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter
… by the Fund in 2009 as part of his on-going efforts to increase accountability and transparency. … New York State …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-state-pension-fund-valued-267-point-7-billion-end-first-quarterDiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter
… growth has continued this year, bolstering markets in the second quarter,” DiNapoli said. “Our diverse portfolio … As of Sept. 30, the Fund had 42.01% of its assets invested in publicly traded equities. The remaining Fund assets by … and real assets (13.32%) and credit, absolute return strategies, and opportunistic alternatives (8%). The Fund’s …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarterOpinion 2000-2
… This opinion represents the views of the Office of the State Comptroller at the time it was … presentations or activities. You note that, pursuant to Town Law, §64(17-b), towns are authorized to expend moneys … performances and exhibits of art and art forms" (see also County Law, §224[13]; General City Law, §20[25-b]). While …
https://www.osc.ny.gov/legal-opinions/opinion-2000-2Internal Controls Over the Governor’s Office of Storm Recovery’s Federally Funded Programs
… Objective To determine whether Homes and Community Renewal (HCR) established and maintained … of fulfilling this mission, New York State developed the NY Rising Housing Recovery Programs (NY Rising), along with several other disaster recovery …
https://www.osc.ny.gov/state-agencies/audits/2024/10/30/internal-controls-over-governors-office-storm-recoverys-federally-funded-programsDiNapoli: City of Troy's Finances in Precarious Position
… steps to remedy the multitude of problems identified in the audit. Auditors noted recent combined operating deficits in the city’s general, water and sewer funds have approached … that addresses the findings and recommendations contained in our audit. While Mayor Madden is new to his position, he …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-city-troys-finances-precarious-positionDiNapoli Releases Analysis of State Budget Financial and Capital Plans
… revenue for the state. More than two-thirds of federal funds spending, $38.3 billion, is for local assistance … The combined balance of the state's primary reserve funds, the Tax Stabilization Reserve Fund and Rainy Day … currently authorized to hold. The last deposits to these funds were made in 2015 and no further deposits are projected …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansComptroller DiNapoli Releases State Audits
… York: Allocation and Budgetary Controls Over Unrestricted Funds (2012-S-161) Auditors found the Research Foundation's … Administration, Reporting on Foreclosure of Real Property Funds - Kings County (2013-S-2) Auditors found that … did not always properly report and account for foreclosure funds. A review of 10 of 35 foreclosures with surplus funds …
https://www.osc.ny.gov/press/releases/2014/01/comptroller-dinapoli-releases-state-audits