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Opinion 95-1
… agency. The city, however, may determine to provide city funds to the agency to cover costs of such benefits. You … of these benefits in the event the agency has insufficient funds to cover the cost. For purposes of this opinion, we … city, in its discretion, could determine to provide city funds to the agency to cover costs of health care benefits to …
https://www.osc.ny.gov/legal-opinions/opinion-95-1DiNapoli: SFY 2022-23 Tax Collections Outperform Projections; Fall Below Previous Year
… commits additional resources to the state’s reserve funds to improve long-term financial stability.” PIT … billion and initial projections by $636.4 million. All Funds spending totaled $220.5 billion, which was $11.1 … opening balance. This includes $2.35 billion of federal funds from the American Rescue Plan State Fiscal Relief …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-sfy-2022-23-tax-collections-outperform-projections-fall-below-previous-yearVII.10.F Cash Advance Reconciliations and Annual Confirmation – VII. State Revenues and Appropriated Loan Receivables
… Detailed list of “Other” items (including change funds, shortages, overages etc.). The total of “Other” items … Reports resulting from an investigation of missing funds that are submitted to OSC Deputy Comptroller – Division … necessary. If agencies are no longer using their advance funds for the purposes (as described in Section 10.D – Cash …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10f-cash-advance-reconciliations-and-annual-confirmationII.3.D Evaluation – II. New York State Financial Accounting
… and schedules on receipts and disbursements for all funds of the state (including agency sole custody funds). Additional information about the budgetary (cash) … pertain. These financial plan updates summarize state funds operating results and provide updated projections for …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii3d-evaluationDiNapoli: NYSLRS Announces Employer Contribution Rates for 2025-26
… DiNapoli has been a leader in the trend of public pension funds lowering their assumed rates of return to better enable … The median investment return assumption for public pension funds was 7% in July 2024, according to the National … systems. A high funding ratio means NYSLRS has the funds available to pay out retirement benefits to its more …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-nyslrs-announces-employer-contribution-rates-2025-26Update on New York’s Unemployment Insurance Trust Fund: Challenges Continue
… 2021 report , New York’s UI fund did not have sufficient funds to pay the surging claims, and began to borrow from the … York is one of only seven states or territories with UI funds that continue to be in debt to the federal government, … (UTF) since May 2020 when its UI fund initially ran out of funds for paying benefits. The loan balance reached as high …
https://www.osc.ny.gov/reports/update-new-yorks-unemployment-insurance-trust-fund-challenges-continueVillage of Deposit – Claims Auditing (2023M-173)
… As a result, the Board approved the use of taxpayer funds without having support to show funds were being expended for legitimate Village purposes and …
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)
… authorized investment options when investing available funds. Had officials done so, the District might have earned … safety, liquidity and yield when investing available funds. District officials generally agreed with our …
https://www.osc.ny.gov/local-government/audits/school-district/2023/10/20/lake-placid-central-school-district-investment-program-2023m-94Dryden Central School District - Cash Management (2020M-61)
… Prepare monthly cash flow forecasts to estimate available funds for investment. Solicit interest rate quotes and obtain investment information to ensure available funds are invested, within legal limits, to maximize interest …
https://www.osc.ny.gov/local-government/audits/school-district/2020/08/28/dryden-central-school-district-cash-management-2020m-61Opinion 88-74
… bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Appropriations and Expenditures (contributions to … with pertinent statutory requirements, contribute public funds to a veterans memorial committee for the purpose of … "The governing board of such municipality may provide funds for the construction and maintenance of such memorial …
https://www.osc.ny.gov/legal-opinions/opinion-88-74Northport-East Northport Union Free School District – Financial Condition (2014M-164)
… a policy or plan for accumulating and using reserves funds to ensure that the amounts are necessary, reasonable … residents of the District’s intent to increase reserve funds during the budget process. Key Recommendations Develop … that result in the appropriation of unexpended surplus funds that are not needed to fund District operations. …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/northport-east-northport-union-free-school-district-financial-conditionComptroller DiNapoli Releases School Audits
… the board did not properly plan for the use of reserve funds. Oysterponds Union Free School District – Financial … budget. The district has accumulated unexpended surplus funds equivalent to 11 percent of the ensuing years' budgets, … District – Internal Controls Over Extra-Classroom Activity Funds (Washington County) District officials did not adopt …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-school-auditsComptroller DiNapoli Releases Municipal Audits
… between the town-wide and town-outside-village highway funds. Genesee County – Purchasing (2015M-241) The … Nanticoke Volunteer Fire Department – Misappropriation of Funds (Broome County) The board did not ensure that all … properly accounted for. As a result, $7,780 of department funds were used to pay a former fire chief’s personal utility …
https://www.osc.ny.gov/press/releases/2016/03/comptroller-dinapoli-releases-municipal-audits-12014 Year End Report
… by the Workers’ Compensation Board’s (Board) sole custody funds during the period January 1, 2014 through December 31, … Background The Board administered four sole custody funds in 2014 – the Uninsured Employers Fund, the Special … from the Second Injury Fund are processed by the Special Funds Conservation Committee (SFCC), a private concern …
https://www.osc.ny.gov/state-agencies/audits/2015/03/30/2014-year-end-reportXVI.3.I Budgetary Presentation – XVI. Financial Reporting
… for the General Fund and the major Special Revenue Funds and Notes to Required Supplementary Information - … statements for the general fund and major special revenue funds. The budgetary report presented in the State's BFS …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3i-budgetary-presentationNorthern Onondaga Public Library District – Cash Disbursements (2013M-236)
… − direct access to District bank accounts to withdraw funds for claims that have not been reviewed by the Board … online banking access rights to ensure the security of funds and the Director, administrative secretary, Treasurer, … access to the District’s bank account to withdraw funds for monthly service fees. Restrict the online bank …
https://www.osc.ny.gov/local-government/audits/library/2013/11/08/northern-onondaga-public-library-district-cash-disbursements-2013m-236Town of Ballston – Water Fund Financial Operations (2012M-258)
… was the result of $242,581 of capital project funds that were recorded in District 2. At the end of 2011, …
https://www.osc.ny.gov/local-government/audits/town/2013/05/03/town-ballston-water-fund-financial-operations-2012m-258DiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy
… have agreed to the New York State Common Retirement Funds Fund request that they increase the use of renewable …
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energyXII.10.E Reporting the Theft, Loss or Misuse of State Assets – XII. Expenditures
… loss, misuse or inappropriate action involving State funds, equipment, supplies and other assets. Improper … contractors, sub-grantees or other recipients of State funds. Process and Document Preparation: State agencies … If an employee is involved in the theft or misuse of State funds, the agency must also refer the incident to the State …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii10e-reporting-theft-loss-or-misuse-state-assetsCity of Olean – Budget Review (B17-1-3)
… accumulated deficit in the City's general, water and sewer funds as of May 31, 2007. Local Finance Law requires all … of appropriations) and $75,000 each in the sewer and water funds (2.5 percent of appropriations) provide limited …
https://www.osc.ny.gov/local-government/audits/city/2017/03/17/city-olean-budget-review-b17-1-3