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DiNapoli Announces $200 Million Commitment for Opportunistic Investments
… Retirement Fund (Fund) has allocated $200 million to Pine Street Alternative Asset Management for opportunistic … Conference in Albany today. "I am pleased to welcome Pine Street as an investment partner for our Emerging Manager … ($300 million) and opportunistic ($200 million). “Pine Street is honored to partner with the New York State Common …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-announces-200-million-commitment-opportunistic-investmentsState Agencies Bulletin No. 422.2
… and distributed to employees. When an employee is enrolled in direct deposit, funds are automatically deposited into the … or Exchange, to process a paycheck reversal for employees in direct deposit until the funds are successfully recovered … for up to 5 business days following a check date. By enrolling in direct deposit, the employee and any joint …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/4222-revised-direct-deposit-delete-and-reversalsTown of Henrietta – Financial Management and Purchasing (2013M-208)
… of unexpended surplus funds in the general and drainage district funds. The Board did not provide sufficient …
https://www.osc.ny.gov/local-government/audits/town/2014/01/24/town-henrietta-financial-management-and-purchasing-2013m-208NYS Common Retirement Fund Reports Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated … with an estimated value of $197.3 billion, according to New York State Comptroller Thomas P. DiNapoli. "Like other … estate and real assets (8.6 percent) and absolute return strategies and opportunistic alternatives (4.1 percent). …
https://www.osc.ny.gov/press/releases/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli Releases February State Cash Report
… first 11 months of the fiscal year, $277 million below the latest projections and $5.8 billion higher than last year for … collections of $67.8 billion were $81 million over DOB’s latest estimate and $1.1 billion over initial projections … website called Open Book New York ( www.openbooknewyork.com ). … New York state is on target to reach yearend revenue …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-releases-february-state-cash-reportFrewsburg Central School District – Internal Controls Over Selected Financial Activities (2013M-327)
… validating the amounts retained. District officials also do not have a comprehensive payroll policy supported by … review of leave time records. District officials do not ensure that access rights to the payroll and human …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/frewsburg-central-school-district-internal-controls-over-selectedLong Island Workforce Housing Act (2015-MR-4)
… report - pdf] We also released eight letter reports to the following local governments: Towns of Babylon [pdf] , Brookhaven [pdf] , Huntington [pdf] , Islip [pdf] , and North Hempstead [pdf] , and the Villages of Farmingdale … has not adopted guidelines and procedures governing how expenditures will be made from the trust fund. Key …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2016/01/08/long-island-workforce-housing-act-2015-mr-4Awarding and Oversight of Statewide Interoperable Communications Grants (Follow-Up)
To determine the extent of implementation of the three recommendations included in our initial audit report Awarding and Oversight of Statewide Interoperable Communications Grants Report 2016S90
https://www.osc.ny.gov/state-agencies/audits/2018/11/13/awarding-and-oversight-statewide-interoperable-communications-grants-followCity of Batavia – Business Improvement District (2017M-283)
… Purpose of Audit The purpose of our audit was to determine whether City officials properly accounted for … own board of directors, which performs many District day-to-day management functions. The 2017-18 BID charge was … funds. City officials did not maintain adequate records to properly account for BID funds. BID charges exceeded the …
https://www.osc.ny.gov/local-government/audits/city/2018/04/06/city-batavia-business-improvement-district-2017m-283Andover Central School District - Financial Management (2018M-145)
… Adopt budgets that include reasonable estimates for appropriations and the amount of fund balance that will …
https://www.osc.ny.gov/local-government/audits/school-district/2018/10/19/andover-central-school-district-financial-management-2018m-145City of Fulton – Fiscal Stress (2013M-310)
… a significant reduction in the City’s unexpended surplus funds from 2010 to 2012. During that period, the unexpended surplus funds remaining at year end declined 84 percent − from … setting forth the reasonable amounts of unexpended surplus funds that the City should maintain. Reduce reliance on fund …
https://www.osc.ny.gov/local-government/audits/city/2013/11/22/city-fulton-fiscal-stress-2013m-310Village of Morris – Fund Balance (2017M-58)
… average of 59 percent). In both the general and water funds, the contingency budget line exceeded the maximum … Key Recommendations Use general and water surplus funds as a financing source for funding one-time … the maximum allowable amount in both the general and water funds. … Village of Morris Fund Balance 2017M58 …
https://www.osc.ny.gov/local-government/audits/village/2017/06/09/village-morris-fund-balance-2017m-58State Comptroller Thomas P. DiNapoli Statement on Executive Budget
… clear guidelines on the appropriate use of these reserves. In addition to protecting reserve funds, policymakers must … about the state’s debt burden, one of the highest in the nation and which continues to grow. I have put forth … a more detailed analysis of the 2024-25 Executive Budget in the coming weeks.” … New York State Comptroller Thomas P …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-thomas-p-dinapoli-statement-executive-budgetVillage of Pomona – Financial Condition (2015M-272)
… plan to address the Village’s deficits. The Board allowed budget line items to be overexpended and budget transfers to be made after the end of the fiscal year … to address the fiscal stress in the general fund. Adopt a budget transfer policy, conduct a careful and thorough review …
https://www.osc.ny.gov/local-government/audits/village/2015/12/31/village-pomona-financial-condition-2015m-272Floral Park-Bellerose Union Free School District – Financial Management (2013M-359)
… audit was to examine the District’s financial management for the period July 1, 2011 through June 30, 2013. Background The Floral Park-Bellerose Union Free School District is located …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/14/floral-park-bellerose-union-free-school-district-financial-managementTown of Wales – Financial Management (2017M-32)
… December 12, 2016. Background The Town of Wales is located in Erie County and has a population of approximately 3,000. … unrestricted fund balances totaling $1.2 million in the general and highway funds. The Board did not adopt a … general and highway fund balances and use the excess funds in a manner that benefits Town residents. Adopt a reserve …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-wales-financial-management-2017m-32New York State Comptroller DiNapoli Statement on New York City's Adopted Budget
… steps to increase reserves, including a $500 million deposit into the Rainy Day Fund, a first of its kind. “New … take time,” DiNapoli said. “While I am encouraged by the deposit to the Rainy Day Fund, long-term risks remain, …
https://www.osc.ny.gov/press/releases/2021/06/new-york-state-comptroller-dinapoli-statement-new-york-citys-adopted-budgetExamples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets
… Expenses, and Changes in Fund Net Assets Proprietary Funds For the Year Ended December 31, 2002 Business-Type … Internal Service Funds Operating revnues: Charges for services $11,329,883 $1,340,261 $12,670,144 $15,256,164 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-revenues-expenses-and-changes-net-assetsTown of Argyle – Town Clerk and Budgeting (2012M-231)
… real property taxes in a timely manner, and did not remit funds to the Supervisor and other agencies in a timely … sales tax revenues, totaling $296,353, in the town-wide funds. This has resulted in an inequity among taxpayers. Key … account for sales tax revenues in the town-outside-village funds in compliance with statute. … Town of Argyle Town Clerk …
https://www.osc.ny.gov/local-government/audits/town/2013/03/11/town-argyle-town-clerk-and-budgeting-2012m-231Village of Endicott – Budget Review (B4-13-8)
… budget for the general, electric, library, and parking funds are reasonable. The water and sewer funds’ tentative budgets are not balanced and include a … Recommendation Address the deficits in the water and sewer funds prior to adopting the budget to avoid adopting …
https://www.osc.ny.gov/local-government/audits/village/2013/04/10/village-endicott-budget-review-b4-13-8