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DiNapoli: State Tax Collections Continue to Exceed Projections
… received in the same period last year, spurred in part by a $13.5 billion year-to-year increase in personal income tax … addition, PIT collections received from final returns and extension requests associated with annual filings increased … The state’s General Fund ended the first quarter with a balance of just under $15.5 billion, $5.8 billion higher …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-state-tax-collections-continue-exceed-projectionsDiNapoli: State Tax Receipts Exceed Latest Projections by $7.7 Billion
… from credits associated with the Pass-Through Entity Tax (PTET) and property tax relief. Year-to-date consumption and … million below DOB’s latest financial plan projections. PTET collections in Dec. 2022 were $443 million lower than … higher than last year at the same time, primarily due to PTET collections, higher than anticipated tax collections and …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-state-tax-receipts-exceed-latest-projections-7-point-7-billionIX.12.E Specific Programs Subject to CMIA – IX. Federal Grants
… expert. Questions [email protected] (OSC) or Anthony Pagano (DOB) at 518-474-2937 or Anthony[email protected] . Guide to Financial …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12e-specific-programs-subject-cmiaDiNapoli: State Tax Receipts Exceed Initial Projections By $7.2 Billion Through First Six Months
… (SFY) 2021-22 exceeded the Enacted Budget Financial Plan forecast (May estimates) by $7.2 billion through the end of … DiNapoli. Tax collections were $1.8 billion greater than forecast by the Division of the Budget (DOB) in the First … May estimates by $4.8 billion and the First Quarter Update forecast by $583.2 million. Year-to-date, consumption and …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-state-tax-receipts-exceed-initial-projections-72-billion-through-first-six-monthsDiNapoli: 1st Quarter State Tax Receipts Modestly Higher Than Division of Budget Projections
… DiNapoli said. “Record financial market levels, near full employment recovery, and easing inflation have all …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-1st-quarter-state-tax-receipts-modestly-higher-division-budget-projectionsDiNapoli: Former Esperance Fire Chief Charged With Stealing $10,000
… defendant, Matthew Deffer, 44, of Esperance, was scheduled to be arraigned in the Schoharie County Centralized Arraignment Part on May … to the Village of Esperance EMS account. He is alleged to have written two checks to himself from the EMS account …
https://www.osc.ny.gov/press/releases/2026/05/dinapoli-former-esperance-fire-chief-charged-stealing-10000Annual Audit
… totaling over $830 million for four sole custody funds in 2016 – the Uninsured Employers Fund, the Special Fund for … identified two high-dollar outlier claims that resulted in $2,633,204 in total savings. For these claims in particular, Board staff …
https://www.osc.ny.gov/state-agencies/audits/2017/06/02/annual-auditWashington County Local Development Corporation – Revolving Loan Program (2021M-57)
… approved and paid but lacked required documentation of a commercial loan denial letter. The Director did not … not verified. Key Recommendations Officials should: Ensure commercial loan denial letters are on file. Ensure businesses …
https://www.osc.ny.gov/local-government/audits/local-development-corporation/2021/07/30/washington-county-local-development-corporation-revolvingYork Central School District – Financial Management (2022M-96)
Determine whether the York Central School District District Board of Education Board and District officials effectively managed fund balance
https://www.osc.ny.gov/local-government/audits/school-district/2022/10/07/york-central-school-district-financial-management-2022m-96Town of Lisle – Highway Department Long-Term Planning (2022M-183)
… of major highway equipment and vehicles (67 percent) in use were between three and 17 years beyond their optimal … Town Supervisor indicated he would follow the Board’s lead in taking corrective action. …
https://www.osc.ny.gov/local-government/audits/town/2023/03/17/town-lisle-highway-department-long-term-planning-2022m-183Town of Locke – Financial Condition (2020M-111)
… actual expenditures. The Board did not adopt formal fund balance, reserve and budgeting policies, along with multiyear … and/or reducing property taxes. Establish budgeting, fund balance and reserve policies and develop multiyear financial …
https://www.osc.ny.gov/local-government/audits/town/2020/11/13/town-locke-financial-condition-2020m-111Islip Fire District – Financial Condition (2020M-25)
… report - pdf] Audit Objective Determine if the Board and District officials effectively monitor the District’s … financial condition by ensuring that budget estimates and fund balance are reasonable. Key Findings The Board: Did not effectively monitor expenditures and fund balance. As a result, the unrestricted fund balance …
https://www.osc.ny.gov/local-government/audits/fire-district/2020/05/22/islip-fire-district-financial-condition-2020m-25Stamford Central School District – Fund Balances (2016M-106)
… July 1, 2014 through January 20, 2016. Background The Stamford Central School District is located in the Towns of Stamford, Harpersfield, Kortright and Roxbury in Delaware … Stamford Central School District Fund Balances 2016M106 …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/01/stamford-central-school-district-fund-balances-2016m-106Union-Endicott Central School District – Financial Management (2016M-100)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial … practices for the period July 1, 2014 through January 6, 2016. Background The Union-Endicott Central School … resulting in an estimated net budget variance of $20.6 million from 2011-12 through 2015-16. The retirement …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/union-endicott-central-school-district-financial-management-2016m-100Village of Greene – Investment Program (2023M-112)
… [read complete report – pdf] Audit Objective Determine whether Village of … monthly cash flow forecasts to estimate funds available for investment. Monitor investments. Formally solicit … investment procedures to convey management’s expectations for managing the Village’s investment program. Annually …
https://www.osc.ny.gov/local-government/audits/village/2023/12/01/village-greene-investment-program-2023m-112Town of Cobleskill – Budgeting (2023M-138)
… Determine whether the Town of Cobleskill Town Town Board Board developed realistic budgets …
https://www.osc.ny.gov/local-government/audits/town/2024/03/01/town-cobleskill-budgeting-2023m-138Orange Lake Fire District – Budgeting Practices (2015M-146)
… District reserves and the Board applied operating surplus funds to its reserves, which was not included in the budget. … accounts for reasonableness and accumulate only those funds necessary to fund planned purchases. …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/09/25/orange-lake-fire-district-budgeting-practices-2015m-146Greenville Fire District #1 – Board Oversight (2014M-376)
… located in Greene County. The District is governed by an elected five-member Board of Fire Commissioners. The … Ensure compliance with New York State Town Law by developing policies and procedures over the budgeting …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/04/03/greenville-fire-district-1-board-oversight-2014m-376Saranac Lake Central School District – Financial Management and Extra-Classroom Activities (2017M-274)
… cash collections and disbursements were properly accounted for during the period July 1, 2014 through June 30, 2017. … has approximately 1,200 students. Budgeted appropriations for the 2017-18 fiscal year total approximately $30.5 … clubs did not maintain adequate supporting documentation for collections and some clubs did not maintain ledgers. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2018/03/30/saranac-lake-central-school-district-financial-management-and-extraCleveland Hill Union Free School District – Financial Management (2017M-235)
… in Erie County. The District, which operates three schools with approximately 1,250 students, is governed by an elected … Ensure that unrestricted fund balance is in compliance with the statutory limit and develop a plan to use excess … to other reserves established and maintained in compliance with applicable statutes. …
https://www.osc.ny.gov/local-government/audits/school-district/2018/03/02/cleveland-hill-union-free-school-district-financial-management-2017m-235