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DiNapoli: State Tax Receipts Exceed Latest Projections by $7.7 Billion
… the importance of increasing rainy day reserve funds on or ahead of the schedule proposed in the Financial Plan.” … $14.3 billion from sales and use taxes, which were 4.6% or $679.5 million higher than the same period last year, and … by DOB. Business taxes totaled $19.3 billion, $1 billion or 5.5% higher than the prior fiscal year, but $761.1 million …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-state-tax-receipts-exceed-latest-projections-7-point-7-billionDiNapoli: 1st Quarter State Tax Receipts Modestly Higher Than Division of Budget Projections
… use tax collections totaled $5.6 billion, which was 2.6%, or $140.5 million, higher than the same period last year, and … share of these taxes, increased by just $8.2 million, or 0.4%, in the month of June over last year. Business taxes, … June totaled almost $55 billion, which was $3.6 billion, or 6.2%, lower than last year for the same period, primarily …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-1st-quarter-state-tax-receipts-modestly-higher-division-budget-projectionsState Comptroller DiNapoli Releases School Audits
… School District – High School Extra-Classroom Activity Funds (Erie County) The board did not ensure that high school extra-classroom activity (ECA) funds were properly safeguarded. The board did not adopt an … from $216,000 to $2.6 million. The board used surplus funds to increase reserves and accumulate fund balance up to …
https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-releases-school-auditsDiNapoli: State Tax Receipts Exceed Initial Projections By $7.2 Billion Through First Six Months
… and use tax collections totaled $9.8 billion, 27.1%, or $2.1 billion, higher than last year. Business taxes … September totaled $91.8 billion, which was $4.7 billion, or 5.3%, higher than last year for the same period, primarily …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-state-tax-receipts-exceed-initial-projections-72-billion-through-first-six-monthsDiNapoli: State Tax Collections Continue to Exceed Projections
… The state should use these revenues to bolster reserves or for pay-as-you-go funding for critical infrastructure … use tax collections totaled $4.8 billion, $1.5 billion, or 43.4%, higher than the same period last year, and $571 … June totaled $46.4 billion, which was $5.6 billion, or 13.9%, higher than last year for the same period, …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-state-tax-collections-continue-exceed-projectionsSelected Employee Travel Expenses
… track coach routinely overestimated the amount of advance funds needed for athletic events. As a result, at one point … Also, the coach consistently returned unused advance funds more than 2 months later than required by the … his daughter as a volunteer coach and using State funds to pay for her travel with him and the team to local …
https://www.osc.ny.gov/state-agencies/audits/2014/05/07/selected-employee-travel-expensesOpinion 88-58
… bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Capital Reserve Funds (referendum requirements for fund established for type … General Municipal Law, expenditures from capital reserve funds established for the construction of a type of …
https://www.osc.ny.gov/legal-opinions/opinion-88-58XI.12.F Reassignment of Agency Responsibility for Contracts – XI. Procurement and Contract Management
… agencies and departments may be reorganized, consolidated, or expanded; or responsibility for specific projects or programs may be reassigned to other agencies/departments. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12f-reassignment-agency-responsibility-contractsState Comptroller DiNapoli Releases Municipal & School Audits
… increasing to as much as $54,423 during the audit period; or effectively monitor budget-to-actual results as officials … also did not develop long-term financial and capital plans or a fund balance policy or obtain an independent audit of the district’s 2021 and …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-dinapoli-releases-municipal-school-auditsSalamanca City School District – Financial Management and Payroll (2017M-138)
… to unrestricted fund balance (where allowed by law) or to other reserves established and maintained in compliance …
https://www.osc.ny.gov/local-government/audits/school-district/2018/03/30/salamanca-city-school-district-financial-management-and-payroll-2017m-138Grahamsville Fire District – Internal Controls Over Financial Operations (2013M-117)
… However, the District has not formally established reserve funds. Key Recommendations Develop accurate budgets that … that benefits District taxpayers. Ensure that reserve funds are established, funded and used in accordance with all …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/08/09/grahamsville-fire-district-internal-controls-over-financial-operationsBallston Area Recreation Commission – Board Oversight (2015M-269)
… program. The Director did not maintain records of sales or make regular bank deposits for money collected from the …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/05/ballston-area-recreation-commission-board-oversight-2015m-269Altmar-Parish-Williamstown Central School District - Financial Condition Management (2018M-258)
… on unrestricted fund balance by about 2 percentage points, or $609,000. Adopted budgets in 2015-16 and 2016-17 …
https://www.osc.ny.gov/local-government/audits/school-district/2019/03/08/altmar-parish-williamstown-central-school-district-financial-conditionClyde Fire Company – Controls Over Financial Activity (2015M-072)
… who collected moneys did not maintain records for the funds collected at various fund-raisers. Key Recommendations … membership. Maintain accurate records for the amount of funds that are collected at all fund-raising events. … Clyde …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2015/08/14/clyde-fire-company-controls-over-financial-activity-2015m-072Broome-Delaware-Tioga Board of Cooperative Educational Services – Capital Planning (2023M-1)
… Key Findings BOCES officials did not properly plan or budget for capital expenditures. Between 2018-19 and … with our findings and recommendations and have initiated, or they plan to initiate, corrective action. … broome …
https://www.osc.ny.gov/local-government/audits/boces/2023/06/16/broome-delaware-tioga-board-cooperative-educational-services-capital-planning-2023mTown of Guilford – Budgeting (2023M-144)
… in unrestricted fund balance in the general and highway funds that exceeded the Town’s fund balance policy (policy) … Unrestricted fund balance for the general and highway funds exceeded the maximum allowable limit, per the Town’s …
https://www.osc.ny.gov/local-government/audits/town/2024/03/08/town-guilford-budgeting-2023m-144XI.12.D Closing Contracts – XI. Procurement and Contract Management
… and there has been no activity (SFS amendment transactions or payments) for one year. No open purchase orders … contract. All purchase orders are in either “Cancelled” or “Complete” status. No retainage is remaining on the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12d-closing-contractsTown of Columbus – Budget Development Practices (2012M-225)
… the financial condition of the Town’s general and highway funds to determine if the budgets were reasonable for the … reduce the amount of unrestricted, unappropriated surplus funds in a manner that benefits Town taxpayers. Continue to …
https://www.osc.ny.gov/local-government/audits/town/2013/03/08/town-columbus-budget-development-practices-2012m-225Warsaw Central School District – Financial Management (2016M-278)
… to unrestricted fund balance (where allowed by law) or to other reserves established and maintained in compliance …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/16/warsaw-central-school-district-financial-management-2016m-278Alexandria Central School District – Financial Condition (2016M-5)
… the past three years. The District maintained reserve funds but had no plans for their use. Key Recommendations … targeted funding levels and the conditions under which the funds will be used. … Alexandria Central School District …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/25/alexandria-central-school-district-financial-condition-2016m-5