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Town of Hempstead Sanitary District Number 14 – Board Oversight (2017M-40)
… of our audit was to assess the Board’s oversight of the District’s financial operations for the period January 1, 2015 through September 30, 2016. … an internal control environment that fosters compliance and transparency due to its lack of policies, guidelines and …
https://www.osc.ny.gov/local-government/audits/district/2017/06/02/town-hempstead-sanitary-district-number-14-board-oversight-2017m-40County of Otsego Industrial Development Agency (COIDA) – Oneonta Rail Yards Acquisition (2021M-38)
… [ read complete report - pdf ] Audit Objective Determine whether the County … Industrial Development Agency (COIDA) adequately planned for the acquisition of the Oneonta Rail Yards property (Rail Yards). Key Findings COIDA did not adequately plan for the 2017 acquisition of the Rail Yards. The property was …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2022/02/11/county-otsego-industrial-development-agency-coida-oneontaExamples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets
… Nonoperating revenues (expenses): Interest and investment revenue 454,793 146,556 601,349 134,733 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-revenues-expenses-and-changes-net-assetsVillage of Riverside – Clerk-Treasurers' Records and Reports (2024M-107)
… records and reports. Key Findings The former and current Clerk-Treasurers did not prepare or maintain … water and sewer charges to the control accounts. The current Clerk-Treasurer did not file the required Annual … Report (AFR) for the last four fiscal years and the current AFR was overdue as of August 9, 2024. The …
https://www.osc.ny.gov/local-government/audits/village/2024/11/27/village-riverside-clerk-treasurers-records-and-reports-2024m-107Rhinecliff Fire District – Board Oversight (2024M-154)
… investment policy or procurement policy, as required by New York State General Municipal Law (GML) sections 806, …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/05/16/rhinecliff-fire-district-board-oversight-2024m-154St. Lawrence County Industrial Development Agency and Local Development Corporation – Disbursements (2021M-174)
… to be provided and the basis for the payment. Paid payroll processing fees totaling $2,473 without review and … associated cost for each. Review and approve invoices for payroll processing services prior to payment. LDC officials …
https://www.osc.ny.gov/local-government/audits/county/2022/01/21/st-lawrence-county-industrial-development-agency-and-local-development-corporationOpinion 91-57
… the views of the Office of the State Comptroller at the time it was rendered. The opinion may no longer … moneys and the library fund moneys would be disbursed only at the direction of the library board of trustees. Section …
https://www.osc.ny.gov/legal-opinions/opinion-91-57Performance of the Excelsior Jobs Program
… firms that were issued a Certificate of Tax Credit met the eligibility requirements for job growth and investments in their formal agreement before receiving tax credits. The … The Excelsior Jobs Program (Program), established in Chapter 59 of the Laws of 2010, provides refundable tax …
https://www.osc.ny.gov/state-agencies/audits/2016/07/07/performance-excelsior-jobs-programDiNapoli High-Tech is on the Rise in NYC
… Pension Fund has invested . “Access to ridiculous talent, amazing neighborhoods to work, ease of transportation, and …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-high-tech-rise-nycDiNapoli: State Pension Fund Value $194.3 Billion
… early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered … employees, retirees and their beneficiaries. The Fund's value reflects retirement and death benefits of $13.25 … expected rate of return is 6.8 percent. The Fund’s value and rate of return in prior years is available online: …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionDiNapoli Releases Profile of New York's Small Business Owners
… and pursue new opportunities, according to an analysis by State Comptroller Thomas P. DiNapoli. New York exceeds the … the business community including the Business Mentor NY program that provides free business mentorship to …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-releases-profile-new-yorks-small-business-ownersDebt – 2022 Financial Condition Report
… to finance future capital assets and grants. New York State Ranks Second Highest in Outstanding Debt Nationwide At the end of SFY 2021-22, the State reported the following debt levels: $2 billion of … of 15.8 percent since SFY 2017-18. $61.9 billion of State-Supported debt, as defined in State law, an increase of …
https://www.osc.ny.gov/reports/finance/2022-fcr/debtDiNapoli: New York Sees Improvement in Condition of Local Bridges
… One in 10 locally owned bridges in New York state is rated in poor condition, according to a report … through the state Department of Transportation’s Bridge NY program, which has funded more than 800 projects since … and public benefit corporations, can apply for Bridge NY funding. Report The Condition of Locally Owned Bridges in …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-new-york-sees-improvement-condition-local-bridgesDiNapoli: MTA Budget Gaps Return
… downward, the MTA’s expenses reflect growing costs for payroll and benefits, debt service, paratransit, and supplies … MTA does offset some of the additional overtime cost with payroll savings. The MTA has authorized new hiring and …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-mta-budget-gaps-returnHannibal Fire Company – Misappropriation of Funds (2023M-59)
… was able to misappropriate over $850,000 in Company funds during an eight-and-a-half-year period. For example, he … Recommendations Work to seek recovery of misappropriated funds from the Company’s insurance provider and consult with …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2023/07/21/hannibal-fire-company-misappropriation-funds-2023m-59State Comptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced the … records, with no oversight. Find out how your government money is spent at Open Book New York . Track municipal spending, the state's 180,000 contracts, billions in state payments and …
https://www.osc.ny.gov/press/releases/2021/02/state-comptroller-dinapoli-releases-municipal-auditsPlanning and Financing New York State's Capital Investments, March 2014
Investment in capital assets is essential to New York’s economy and its quality of life.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-capital-investments-2014.pdfIV.3.B Miscellaneous Receipts – IV. Accounting Codes - Uses and Descriptions
… Pursuant to §98 of the State Finance Law, the State Comptroller shall invest and … component parts. In this way STIP can be compared with a money market fund, with the individual funds investing moneys … Product Code Required Title Description Abandoned and Unclaimed Property 31001 Abandoned Property OSC Use – To …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv3b-miscellaneous-receiptsVirgil Fire District – Internal Controls Over Financial Operations (2012M-329)
… of five elected members. The District’s general fund budget totaled $215,255 for the 2013 fiscal year. Key … properly. The Board reviews the claims at biweekly Board meetings. However, because it is not reviewing monthly bank …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/02/17/virgil-fire-district-internal-controls-over-financial-operations-2012m-329NY-Sun Incentive Program (Follow-Up)
… PSC for NY-Sun, including: confirming geographic equity of investment; ensuring the NY-Sun projects are increasing …
https://www.osc.ny.gov/state-agencies/audits/2018/06/20/ny-sun-incentive-program-follow