Search
Comptroller DiNapoli Releases Municipal Audits
… for receiving and depositing cash and exercised little oversight of the treasurer and other officials who …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-audits-1DiNapoli: State Tax Receipts Exceeded Updated Projections in First Quarter
… lower than through June in the prior fiscal year, but $628 million higher than financial plan projections. All Funds …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-tax-receipts-exceeded-updated-projections-first-quarterState Comptroller DiNapoli Releases Municipal & School Audits
… solicit interest rate quotes that may have resulted in higher investment earnings. As a result of the audit, the board subsequently approved an investment policy in March 2023 and invested $653,000. Depew Union Free School … have been able to avoid increasing the 2023-24 tax levy. Lake Placid Central School District – Investment Program …
https://www.osc.ny.gov/press/releases/2023/10/state-comptroller-dinapoli-releases-municipal-school-audits-1State Comptroller DiNapoli Calls on Corporations to Disclose Political Spending
… Group, Penn Entertainment, SoFi Technologies, Warner Bros. Discovery Inc., Zillow Group, and Zoom Video Communications , …
https://www.osc.ny.gov/press/releases/2023/01/state-comptroller-dinapoli-calls-corporations-disclose-political-spendingDiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year
… of the year, risks including global unrest, labor market weakness, or adverse weather could negatively impact … reflecting, in part, the impact of wage and financial market growth over the course of the year. Year-to-date …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearDiNapoli: NYS Pension Fund Commits $1.3 Billion to Sustainable Investment Program
… a goal to transition its portfolio to net zero greenhouse gas emissions by 2040 . New York State Common Retirement Fund …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-nys-pension-fund-commits-13-billion-sustainable-investment-programDiNapoli Proposes Reforms to Bolster State's Rainy Day Reserves
… reserve funds, the Tax Stabilization Reserve Fund (TSRF) and the Rainy Day Reserve Fund (RDRF), together held just over $2 billion at the end of the last … California’s at 12.4 percent, Michigan’s at 10.9 percent and Florida’s at 4.4 percent. The TSRF and RDRF were both …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-proposes-reforms-bolster-states-rainy-day-reservesIV.3.C Federal Receipts – IV. Accounting Codes - Uses and Descriptions
… 36101 Direct Federal Receipts 36121 Redeposit/Recovery of Federal Fund Payments Guide to Financial Operations REV. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv3c-federal-receiptsReal Property Tax Cap: Overview of the Role of the Office of the State Comptroller
… The State’s property tax cap limits the amount of property … and school districts can levy. The following are some of the State Comptroller’s responsibilities under the Chapter …
https://www.osc.ny.gov/local-government/property-tax-cap/real-property-tax-cap-overview-role-office-state-comptrollerComptroller DiNapoli Releases School Audits
… , Herricks Union Free School District and the Stockbridge Valley Central School District . “In an era of limited … to provide taxpayers the assurance that their money is being spent appropriately and effectively.” Groton Central … paid more than $11,000 in federal, state and local taxes on fuel purchases because they did not complete the required …
https://www.osc.ny.gov/press/releases/2015/01/comptroller-dinapoli-releases-school-auditsControls Over Cash Advance Accounts
… of Motor Vehicles has adequate controls over the cash advance accounts it oversees to ensure the money is properly accounted for and used for appropriate business … and the cash is transferred from the State Treasury to a local bank account for use by the agency. As of December 31, …
https://www.osc.ny.gov/state-agencies/audits/2015/04/06/controls-over-cash-advance-accountsRockland Board of Cooperative Educational Services – Administrator Compensation, Financial Management and Purchasing (2017M-60)
… $69,000. BOCES has more than $14.6 million in restricted funds that should have been returned to component districts. … for component district residents. Ensure that all surplus funds, except those properly restricted in reserve funds or budgeted for and approved in the capital budget, are …
https://www.osc.ny.gov/local-government/audits/boces/2017/12/15/rockland-board-cooperative-educational-services-administrator-compensationCassadaga Valley Central School District – Financial Condition (2013M-249)
… condition and the use of fund balance and reserve funds for the period July 1, 2008 through August 5, 2013. … a plan for the use of the surplus balances in the reserve funds identified in this report in a manner that benefits … policies related to the establishment and use of reserve funds. Review all reserves and determine if the amounts …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/cassadaga-valley-central-school-district-financial-condition-2013m-249Town of Galen – Financial Management (2014M-341)
… did not properly account for reserves within the operating funds that financed them and does not budget to fund … overestimated expenditures within the town-outside-village funds. The Board did not create a comprehensive, multiyear … and implement a plan for establishing and using reserve funds. Establish written policies and procedures governing …
https://www.osc.ny.gov/local-government/audits/town/2015/06/05/town-galen-financial-management-2014m-341Tri-Valley Central School District – Budgeting (2014M-094)
… they did not develop a plan for the use of the surplus funds. District administrators and the Board recognized the … may be faced with significant additional surplus funds. Key Recommendations Develop realistic budgets that are … Develop formal contingency plans for the use of surplus funds that may be available if potential liabilities are not …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/08/tri-valley-central-school-district-budgeting-2014m-094Village of Washingtonville – Financial Condition (2013M-346)
… in operating deficits in the Village’s three operating funds (general, water and sewer). During the period covered … to be overexpended causing deficits in these funds. The Board allowed appropriations to be overexpended … trends, and plans for the future use of reserve funds. Frequently monitor and update the plans to ensure that …
https://www.osc.ny.gov/local-government/audits/village/2014/04/04/village-washingtonville-financial-condition-2013m-346City of Hornell – Business Improvement District (2018M-38)
… report - pdf ] Audit Objective Determine whether the City of Hornell (City) Common Council (Council) provided … with the BID Plan (Plan). Key Findings The Council did not provide sufficient oversight of the BID and the Plan … Association was arrested in January 2020 and charged with Grand Larceny in the Fourth Degree and Falsifying Business …
https://www.osc.ny.gov/local-government/audits/city/2022/04/08/city-hornell-business-improvement-district-2018m-38City of Binghamton – City Operations (2015M-280)
… Purpose of Audit The purpose of our audit was to assess the City’s operations for costs savings and revenue enhancement … 47,000 residents, is governed by a seven-member Common Council. The 2015 general fund budget totaled approximately …
https://www.osc.ny.gov/local-government/audits/city/2016/06/03/city-binghamton-city-operations-2015m-280Wayne Central School District – Financial Management (2012M-229)
Wayne Central School District Financial Management 2012M229
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/22/wayne-central-school-district-financial-management-2012m-229Village of Addison – Board Oversight (2024M-8)
… subsequent investigation, the former Clerk-Treasurer was arrested in 2023 and charged with misappropriating funds and … Government (B Felony) and was sentenced to three to nine years in State prison in August 2024. As part of her …
https://www.osc.ny.gov/local-government/audits/village/2025/07/11/village-addison-board-oversight-2024m-8