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DiNapoli: Audit Reveals Theft of Cash, Questionable Spending by Minetto Volunteer Fire Dept. Chief
… Company in Oswego County spent nearly $6,000 in public funds on personal purchases such as guns and motorcycle … DiNapoli. The audit revealed a total of $22,000 in misused funds, questionable spending and missing cash. Joseph … proper oversight in place, it can be easy for public funds to be misspent or go missing. My team of auditors 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
… or school district’s bank account. Set up electronic funds transfer (EFT) with the bank to receive payments from … for making deposits in a timely manner to ensure funds are protected and earning interest. Optimize Timing of … that pay higher interest rates for infrequently disbursed funds (e.g., reserves not expected to be needed in the near …
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
… bank account open and NYSLRS and SSA continued to deposit funds into the account until early 2021. Smith knew exactly … each month, and each month she allegedly withdrew the funds from the account almost as soon as they were deposited. … Sandra Smith accessed the pension and social security funds through online bank transfers from Minnie Smith’s …
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
The New York State Common Retirement Fund Fund will restrict investments in oil sands companies that have not demonstrated that they are prepared for the transition to a lowcarbon economy State Comptroller DiNapoli trustee of the third largest public pension plan in the country
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
… New York being the last state in the country to distribute funds. Improvements, including those suggested by State … but renters living in public housing have not yet received funds from it and rental burdens for low-income New Yorkers … a time of great urgency,” DiNapoli said. “Two years later, funds have flowed to many of the households in need. Still, …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-emergency-rental-assistance-program-rebounds-after-slow-startReporting of Community-Based Services Under the Transformation Reinvestment Plan (2021-S-15) 180-Day Response
To determine whether the Office of Mental Health provides adequate reporting of community-based service reinvestment funds under the Transformation Reinvestment Plan.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-21s15-response.pdfReporting of Community-Based Services Under the Transformation Reinvestment Plan (2021-S-15)
To determine whether the Office of Mental Health provides adequate reporting of community-based service reinvestment funds under the Transformation Reinvestment Plan.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-21s15.pdfReview of the Financial Plan of the City of New York - May 2019
The FY 2020 budget totals $92.5 billion, including $68.2 billion that will be funded with locally generated revenues (i.e., City funds).
https://www.osc.ny.gov/files/reports/osdc/pdf/report-3-2020.pdfFund Classification Manual
The Fund Classification Manual (FCM) is updated periodically throughout the year to reflect changes made to various funds pursuant to legislation.
https://www.osc.ny.gov/files/state-agencies/pdf/fund-classification-manual.pdfFund 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: Governor Cuomo's Proposed Budget Continues Fiscal Progress
… budget relies on approximately $4.6 billion in temporary funds, not including an additional $2.7 billion in temporary … state fiscal year 2015-16 if spending from State Operating Funds is held to 2 percent growth. However, meeting the … that account for more than half of State Operating Funds spending may be difficult to adjust and are projected …
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
… between ages three and five. "More than $1 million in funds intended for special needs preschoolers was instead … of the Island Child Development Center." "Government funds are not free money and those who treat such funds as their own personal piggy bank will be brought to …
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
… termination for other reasons such as unavailability of funds; cause; upon mutual consent; in the event it is found … contract maximum amount and, if applicable, reducing the funds reservation. Funds Reservation Process The reservation of funds and …
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
… Federal pandemic relief funds resulted in New York having a positive balance of … and lunch programs, and college loans. Other federal funds pay for essential capital projects and services. These … Orders issued by the President paused disbursement of funds from the Infrastructure Investment and Jobs Act (IIJA) …
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)
… 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-61Village 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-94DiNapoli Issues Preliminary Analysis of 2021-22 Executive Budget
… Thomas P. DiNapoli. DiNapoli’s analysis noted that federal funds are being used to pay for operating expenses typically … the pandemic will be with us for a long time and federal funds have been essential in shoring up the state’s finances, … others. In several other major areas of spending, federal funds allocated via the stimulus acts enacted to date are …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-issues-preliminary-analysis-2021-22-executive-budget