Search
Fund Balance Reporting and Governmental Fund Type Definitions
explain the new GAAP reporting requirements for fund balance and special revenue funds, and the effects on AUD school districts ST-3
https://www.osc.ny.gov/files/local-government/publications/pdf/gasb54.pdfCherry Valley Fire District - Board Oversight (2019M-141)
Determine whether the Board properly established reserve funds, equitably billed for fire protection services, ensured the Treasurer prepared and filed records
https://www.osc.ny.gov/files/local-government/audits/pdf/cherry-valley-2019-141_0.pdfAccounting for Retained Percentages (Retainage)
This bulletin provides updated guidance related to accounting for retained percentages for governmental and proprietary funds in fund level financial records.
https://www.osc.ny.gov/files/local-government/publications/pdf/accounting-for-retained-percentages.pdfDiNapoli: Jury Convicts Councilman Ruben Wills in Public Corruption Scheme
… General Eric Schneiderman announced the jury conviction of New York City Councilman Ruben Wills (D-Queens) following … eleven-day trial that resulted in a guilty verdict on five of six counts related to Will's theft of approximately … was instead redirected to a non-profit corporation called NY 4 Life, which Wills controlled. Wills withdrew the money …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-jury-convicts-councilman-ruben-wills-public-corruption-schemeDiNapoli: Metro North and LIRR Lax in Monitoring Overtime Paid For With Federal Stimulus Funds
… conductors to charge overtime for tasks such as washing up for work, New York State Comptroller Thomas P. DiNapoli … System, did not have a requirement for conductors to sign out manually, so there was not an accurate record of … that Metro-North: Require conductors to electronically sign in and out; Monitor time and attendance records; …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-metro-north-and-lirr-lax-monitoring-overtime-paid-federal-stimulus-fundsDiNapoli Presses Companies on Political Disclosure
… New York State Comptroller Thomas P. DiNapoli, Trustee of the New York State Common Retirement Fund (Fund), today … proposals seeking the same disclosure from eight more of the Fund’s portfolio companies, including Duke Energy … political spending and are expected to be the subject of shareholder votes at the companies’ annual meetings this …
https://www.osc.ny.gov/press/releases/2019/02/dinapoli-presses-companies-political-disclosureFormer Treasurer of Putnam Engine & Hose Co. of the Port Chester Volunteer Fire Dept. Pleads Guilty to Embezzling More Than $38,000
… of the New York Field Division of the Federal Bureau of Investigation ("FBI"), and George P. Beach II, …
https://www.osc.ny.gov/press/releases/2018/12/former-treasurer-putnam-engine-hose-co-port-chester-volunteer-fire-dept-pleads-guilty-embezzling-moreDiNapoli: Audit Reveals Theft of Cash, Questionable Spending by Minetto Volunteer Fire Dept. Chief
… with the fire company’s money,” said DiNapoli. “Residents trust public officials to safeguard their tax dollars and …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-audit-reveals-theft-cash-questionable-spending-minetto-volunteer-fire-dept-chiefRevenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… the year. Conduct more frequent cash flow analyses if your local government or school district is experiencing fiscal … and other balances that could be invested longer term in investments allowable by law. Accelerate Collection and … Earnings Following prudent yet effective investment strategies can improve cash inflow and even reduce costs. …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsDiNapoli: Georgia Woman Allegedly Stole Over $450K in NYS Pension and Social Security Payments
… been brought to justice and we will seek full restitution. I thank U.S. Attorney Buchanan and the Social Security … defraud the Social Security Administration,” Ennis said. “I thank the New York Office of the State Comptroller for … the public to help fight fraud and abuse. New Yorkers can report allegations of fraud involving taxpayer money by …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-georgia-woman-allegedly-stole-over-450k-nys-pension-and-social-security-paymentsDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… investments that face significant climate risk. Last year, DiNapoli’s review of coal companies led to the Fund’s …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesDiNapoli: Emergency Rental Assistance Program Rebounds After Slow Start
… faltered at the start, with New York being the last state in the country to distribute funds. Improvements, including … and application problems hampering it, but renters living in public housing have not yet received funds from it and … most of the funding (81.2%), followed by residents in Suffolk County (2.9%), Westchester County (2.7%) and Erie …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-emergency-rental-assistance-program-rebounds-after-slow-startDiNapoli: Governor Cuomo's Proposed Budget Continues Fiscal Progress
… are projected to rise 5.7 percent, a noticeable increase from the 3.8 percent estimated for the current … spending may be difficult to adjust and are projected to increase faster than 2 percent. While the Executive Budget … Affordable Care Act. State Operating Funds spending would increase by 1.7 percent to $92 billion; Projects that …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-governor-cuomos-proposed-budget-continues-fiscal-progressFar Rockaway Pre-School Provider "Investor" Pleads Guilty in Theft of Education Funds Intended for Special Needs Students
… Thomas P. DiNapoli and Queens District Attorney Richard A. Brown today announced that a self-described investor in … Thomas P. DiNapoli said. "I thank District Attorney Brown for this fourth and final guilty plea in the $12.4 … and his three co-defendants," said District Attorney Brown. "The public funds provided to Island Child Development …
https://www.osc.ny.gov/press/releases/2017/04/far-rockaway-pre-school-provider-investor-pleads-guilty-theft-education-funds-intended-special-needsXI.2.H Multiyear Contracts – XI. Procurement and Contract Management
… on the basis of a fixed contract term (e.g. three years) plus one or more annual (or other periodic) renewals … the approval of the Office of the State Comptroller (OSC), if such approval was required for the original … five years may only occur in limited circumstances with OSC concurrence. If a contract term longer than five years is …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2h-multiyear-contractsNY's Balance of Payments With Washington Remains Positive for Now, but Federal Actions Could Drastically Change State's Financial Picture
… fiscal year (FFY) 2023 on a per capita basis, according to a report issued today by State Comptroller Thomas P. … payments, after a long history of sending more tax dollars to Washington than it receives back. For every tax dollar paid to Washington in FFY 2023, the state received $1.06 in …
https://www.osc.ny.gov/press/releases/2025/04/nys-balance-payments-washington-remains-positive-now-federal-actions-could-drastically-change-statesDryden Central School District - Cash Management (2020M-61)
… As a result, officials did not maximize interest earnings for the District. Officials did not develop and manage a … monthly cash flow forecasts to estimate available funds for investment. Solicit interest rate quotes and obtain …
https://www.osc.ny.gov/local-government/audits/school-district/2020/08/28/dryden-central-school-district-cash-management-2020m-61Village of Deposit – Claims Auditing (2023M-173)
… ensure compliance with the Village’s credit card policy and approved 83 credit card purchases (17 claims) totaling … funds were being expended for legitimate Village purposes and increased the risk for fraud, waste or abuse. Key … clerk complies with the Village’s credit card policy and that each claim has sufficient supporting documentation …
https://www.osc.ny.gov/local-government/audits/village/2024/02/09/village-deposit-claims-auditing-2023m-173Lake Placid Central School District – Investment Program (2023M-94)
… the District might have earned approximately $267,000 more in investment earnings than the $189,305 earned during our …
https://www.osc.ny.gov/local-government/audits/school-district/2023/10/20/lake-placid-central-school-district-investment-program-2023m-94DiNapoli Issues Preliminary Analysis of 2021-22 Executive Budget
… would compound the challenges facing local governments, not-for-profit service providers and others. In several other … that drove the need for short-term borrowing in 2020 have not disappeared, the level of concern has diminished due to … received from short-term borrowing in SFY 2020-21 that is not expected in the coming fiscal year. State Operating Funds …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-issues-preliminary-analysis-2021-22-executive-budget