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School of Professional Studies – Controls Over Bank Accounts
… audit fieldwork, $23,500 remained missing from a CUNY SPS account. Key Recommendations Effectively separate the duties …
https://www.osc.ny.gov/state-agencies/audits/2015/06/02/school-professional-studies-controls-over-bank-accountsTown of Phelps – Financial Management (2015M-70)
… was to review the Town’s financial management practices for the period January 1, 2011 through March 27, 2015. … an elected five-member Town Board. Budgeted appropriations for 2015 total approximately $3.6 million. Key Findings The … to govern the budgeting process. Develop formal plans for establishing, funding and using reserves. Develop a …
https://www.osc.ny.gov/local-government/audits/town/2015/07/31/town-phelps-financial-management-2015m-70Comptroller DiNapoli and Attorney General James Announce the Arrest and Indictment of Mount Vernon Corporation Counsel in $365,000 Corruption Scheme
… WESTCHESTER – New York State Comptroller Thomas P. DiNapoli and New York Attorney General Letitia James today announced the arrest and indictment of the City of Mount Vernon Corporation … legal expenses of the Mount Vernon Mayor Richard Thomas and a public relations firm. “Mr. Porcari allegedly violated …
https://www.osc.ny.gov/press/releases/2019/05/comptroller-dinapoli-and-attorney-general-james-announce-arrest-and-indictment-mount-vernonMonitoring and Administration of Public Protection Grant Programs
… is adequately administering and monitoring selected public protection grant programs to ensure expenses are … About the Program The Division’s mission is to enhance public safety by providing resources and services that … up about $19.2 million of the $42.3 million in Division public protection program funding for the State Fiscal Year …
https://www.osc.ny.gov/state-agencies/audits/2020/04/24/monitoring-and-administration-public-protection-grant-programsCitizens Hose Company – Board Oversight of Financial Operations (2015M-157)
… Citizens Hose Company (Company) provides fire protection and emergency rescue services for the Village of Shortsville (Village) and Towns of Manchester, Hopewell and Farmington in Ontario County. The Company is a …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2020/12/11/citizens-hose-company-board-oversight-financial-operationsTown of Saratoga – Budgeting and Fund Balance Management (2022M-82)
… complete report - pdf] Audit Objective Determine whether the Town of Saratoga (Town) Board (Board) adopted realistic budgets … deficits totaling $1,041,991 in the three main operating funds, but operating surpluses totaling $839,465 occurred, …
https://www.osc.ny.gov/local-government/audits/town/2022/09/02/town-saratoga-budgeting-and-fund-balance-management-2022m-82City of Hornell – Business Improvement District (2018M-38)
… Business Improvement District (BID) to ensure it operated in accordance with the BID Plan (Plan). Key Findings The … the Council cannot evaluate the BID’s effectiveness in achieving program goals or ensure the appropriate use of … management association (Association). Monitor the manner in which the Association used BID funds, resulting in …
https://www.osc.ny.gov/local-government/audits/city/2022/04/08/city-hornell-business-improvement-district-2018m-38DiNapoli Releases Executive Budget Report
… strong cash balances, it is unclear why this more costly form of borrowing is proposed. Collectively, these and other …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-releases-executive-budget-reportXVI.3.J Implementation of Accounting Standards – XVI. Financial Reporting
… prescribed by the Governmental Accounting Standards Board (GASB) which is the standard-setting body for establishing … and financial reporting principles. From time to time, GASB will issue statements that prescribe accounting and … a new accounting/financial reporting standard is issued by GASB, it must be critiqued to identify the accounting issues …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3j-implementation-accounting-standardsFunctional MDS – Compliance With the Reimbursable Cost Manual
… To determine whether the costs reported by Functional MDS on its Consolidated Fiscal Reports (CFRs) were properly … documented, program-related, and allowable pursuant to the State Education Department’s (SED) Reimbursable Cost Manual … MDS using rates established by SED that are based on the financial information reported on MDS’s annual CFRs. …
https://www.osc.ny.gov/state-agencies/audits/2014/12/31/functional-mds-compliance-reimbursable-cost-manualCanajoharie Central School District – Fuel Purchasing (2021M-170)
… competition and did not audit fuel claims, as required. The District could have reduced its fuel expenditures by at … unnecessary fees, if fuel was purchased through the Office of General Services (OGS) fuel card services contract during … audit claims to ensure they reconcile to fuel receipts and do not include taxes and unnecessary fees. Determine total …
https://www.osc.ny.gov/local-government/audits/school-district/2022/01/07/canajoharie-central-school-district-fuel-purchasing-2021m-170DiNapoli: Some Bright Spots for NYC Finances in FY21, but Long-Term Challenges Looming
… New York City is projecting a $3.4 billion surplus for city … savings from lower interest rates and a deferral of labor costs to FY 2022, but the city will have to overcome … tells a more troubled story. The city’s unemployment rate in December was 11.4 percent, down from a peak of 20.3 …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-some-bright-spots-nyc-finances-fy21-long-term-challenges-loomingDiNapoli: Eight Villages, Three Cities Designated in Fiscal Stress
… in New York that were in some level of fiscal stress in 2020, based on scores that largely reflect the time period … each of which have fiscal years ending on June 30. For the fiscal years ending 2020, the three cities in … In January, DiNapoli released fiscal stress scores for school districts which found 31 school districts …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-eight-villages-three-cities-designated-fiscal-stressFonda-Fultonville Central School District – Reserves Management (2021M-157)
… the liability reserve or fund the repair reserve, as required. Pass a required resolution to properly transfer … written reserve fund policy and develop a written plan for future funding and use of reserve funds and ensure … for addressing improper funding of and transfer of funds from reserves. District officials generally agreed with our …
https://www.osc.ny.gov/local-government/audits/school-district/2022/02/04/fonda-fultonville-central-school-district-reserves-management-2021m-1572024 Stewardship Priorities & Proxy Voting Guideline Updates
The New York State Common Retirement Fund’s Corporate Governance Program actively engages with the Fund’s public equity portfolio companies to foster the development of robust governance practices and prudent management of environmental and social factors.
https://www.osc.ny.gov/files/common-retirement-fund/corporate-governance/pdf/2024-stewardhip-priorities-and-proxy-voting-guideline-updates.pdfHomeless Outreach Program at the Long Island Rail Road
… Purpose To determine whether the Long Island Rail Road (LIRR) has appropriate oversight … shelters off MTA property. Our audit covered the period of November 1, 2015 to September 30, 2018. Background The … but they also included the client’s name. We question how the outreach team made this referral without leaving …
https://www.osc.ny.gov/state-agencies/audits/2019/01/16/homeless-outreach-program-long-island-rail-roadDiNapoli Releases Industry Sector Dashboards to Track NYC Economic Recovery
… New York State Comptroller Thomas P. DiNapoli today announced the launch of new online dashboards to track data for key industry sectors in New York City on a regular basis, … remains 35.2% lower than the fourth quarter of 2019. The NYC sector dashboards will be updated regularly. Employment …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-releases-industry-sector-dashboards-track-nyc-economic-recoveryTown of Schaghticoke – Budgeting (2013M-239)
… our audit was to evaluate the Town’s budgeting practices for the period January 1, 2010 through April 30, 2013. … operations. Review the user fees and ad valorem taxes for the respective water and sewer districts annually and …
https://www.osc.ny.gov/local-government/audits/town/2013/12/06/town-schaghticoke-budgeting-2013m-239Human Resource Practices
… paid $1,374,670, 20 (amounting to nearly $940,000 in payroll costs) were deemed not useful, of poor quality, or …
https://www.osc.ny.gov/state-agencies/audits/2019/09/25/human-resource-practicesGetting Started with the New Annual Financial Report
Your local government will soon have access to the new Annual Financial Report (AFR), which is replacing the Annual Update Document (AUD). This webinar presentation will provide an overview of how to access and complete filings in the AFR, including a demonstration of new application features.
https://www.osc.ny.gov/files/local-government/academy/pdf/getting-started-afr-2-15-23.pdf