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City of Yonkers - Internal Controls Over Cash Collections (2018M-14)
… 30 percent of its revenues ($17,241) collected from credit card payments due to the credit card vendor improperly … work with the credit card vendor and the Internal Revenue Service (IRS) to recover funds withheld. Provide oversight …
https://www.osc.ny.gov/local-government/audits/city/2019/11/22/city-yonkers-internal-controls-over-cash-collections-2018m-14Examples from GASB Statement 34 - Statement of Fiduciary Net Assets
… Fiduciary Net Assets Fiduciary Funds December 31, 2002 Employee Retirement Plan Private-Purpose Trusts Agency Funds … 80,000 Municipal bonds 6,528,019 Corporate bonds 16,320,047 Corporate stocks … NET ASSETS: Held in trust for pension benefits and other purposes $65,796,103 $ 80,776 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-fiduciary-net-assetsDiNapoli Releases Analysis of Enacted State Budget
… from DOH indicates that the proposed federal changes could result in estimated lost federal funding of $10.1 billion and …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-releases-analysis-enacted-state-budgetOpinion 95-28
… or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Deposits and Investments (in obligation issued by a financial institution and secured by a letter of credit issued by a Federal Home Loan Bank) LOCAL LAWS -- Municipal Funds (authorizing …
https://www.osc.ny.gov/legal-opinions/opinion-95-28DiNapoli Releases Report on NYS Executive Budget
… Economy and Revenue While both the number of jobs and workers nationally exceed their pre-pandemic levels, New York …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-releases-report-nys-executive-budgetOpinion 2005-4
… for transfer from unemployment insurance reserve fund) GENERAL MUNICIPAL LAW §§6-m, 6-p; EDUCATION LAW §§1804(6)(c), … is subject to the permissive referendum requirements of General Municipal Law §6-p for the transfer of monies from an … is subject to the permissive referendum requirements of General Municipal Law §6-p for the transfer of monies from an …
https://www.osc.ny.gov/legal-opinions/opinion-2005-4Saratoga County – Financial Condition (2013M-235)
… Purpose of Audit The purpose of our audit was to review the County’s financial condition … to May 31, 2013. Background Saratoga County covers an area of approximately 840 square miles and has a population of …
https://www.osc.ny.gov/local-government/audits/county/2013/10/04/saratoga-county-financial-condition-2013m-235NYS Common Retirement Fund Announces First Quarter Results
… The remaining Fund assets by allocation are invested in cash, bonds and mortgages (23.6 percent), private equity (8.3 …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsCincinnatus Central School District – Fund Balance and Reserves (2014M-191)
… Purpose of Audit The purpose of our audit was to evaluate the financial condition of the District for the … The Cincinnatus Central School District provides education to children residing in eight towns in Cortland County, five … not include provisions for the use of reserves, including how and when disbursements should be made or optimal or …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/cincinnatus-central-school-district-fund-balance-and-reserves-2014m-191DiNapoli: State Tax Receipts Remain Above Budget Division Projections Through Mid-Year
… almost $7.5 billion, or 6.7%, higher than last year for the same period, primarily due to higher Medicaid costs. …
https://www.osc.ny.gov/press/releases/2025/10/dinapoli-state-tax-receipts-remain-above-budget-division-projections-through-mid-yearDiNapoli: State Tax Receipts Higher Than Projections in First Quarter
… according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli. “Higher tax …
https://www.osc.ny.gov/press/releases/2025/07/dinapoli-state-tax-receipts-higher-projections-first-quarterState Comptroller DiNapoli Releases Municipal Audits
… the following local government audits were issued. Fort Hunter Fire District – Capital Reserve Funds (Montgomery …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-auditsTown of Ontario – Board Oversight and Information Technology (2013M-105)
… The purpose of our audit was to review Board oversight and information technology (IT) controls for the period … Background The Town of Ontario is located in Wayne County and has a population of 10,135. The Town is governed by an elected Town Board, which comprises the Town Supervisor and four Board members. The Town’s 2012 expenditures totaled …
https://www.osc.ny.gov/local-government/audits/town/2013/08/16/town-ontario-board-oversight-and-information-technology-2013m-105Village of Catskill – Financial Condition (2014M-134)
… Purpose of Audit The purpose of our audit was to assess the financial oversight provided by the Board of … 2013, the Village reported expenditures of $4.2 million in its general fund, $1.1 million in its water fund and $888,000 … ended May 31, 2009 through 2012 were filed 10 to 22 months late. When the year-end report is untimely, effective …
https://www.osc.ny.gov/local-government/audits/village/2014/08/08/village-catskill-financial-condition-2014m-134DiNapoli: State Tax Receipts Through First Half of Fiscal Year Exceed Projections by $2.4 Billion
… the latest projections from the First Quarterly Update by $2.4 billion, according to the September State Cash Report released by State Comptroller Thomas P. DiNapoli. “Tax collections … last year, and $130.9 million higher than anticipated by DOB. Business taxes totaled $12.9 billion, or double the …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-state-tax-receipts-through-first-half-fiscal-year-exceed-projections-2-point-4-billionState Agencies Bulletin No. 422.1
… submitted for each check date. Requests can be processed up to five business days following the check date per the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/4221-direct-deposit-stop-payments-and-reversalsTown of Wawayanda – Financial Management and Information Technology (2013M-260)
… almost $3.3 million at the end of 2012. Unexpended surplus funds in the general fund at the 2012 fiscal year end equaled … balance policy governing the level of unexpended surplus funds to be maintained in the Town's operating funds. Develop and adopt a comprehensive multi-year financial …
https://www.osc.ny.gov/local-government/audits/town/2013/11/29/town-wawayanda-financial-management-and-information-technology-2013m-260Village of Deposit – Fiscal Monitoring and Selected Financial Operations (2013M-205)
… adopt reasonable budgets for the general, water and sewer funds. Inaccurate budgeting and lack of monitoring have … caused fund balance to decline in the general and sewer funds. While the Village’s funds currently have positive unexpended surplus fund …
https://www.osc.ny.gov/local-government/audits/village/2013/12/13/village-deposit-fiscal-monitoring-and-selected-financial-operations-2013m-205DiNapoli: State Pension Fund Valued at $233.2 Billion at End of Second Quarter
… returned an estimated -3.85%. “The recent volatility in the markets and concerns over the state of the economy … It has consistently been ranked as one of the best managed and best funded plans in the nation. …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-state-pension-fund-valued-2332-billion-end-second-quarterTown of Lyonsdale – Financial Condition, Board Oversight and Controls Over Fuel Inventory (2013M-163)
… and $493,000 for the town-wide and town-outside village highway funds. Key Findings The financial condition of the Town’s highway … 2,510 gallons of fuel valued at approximately $8,440. Key Recommendations Develop and adopt budgets that include …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-lyonsdale-financial-condition-board-oversight-and-controls-over-fuel-inventory