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Opinion 92-52

… This opinion represents the views of the Office of the State Comptroller at the time it was … AUTHORITIES LAW, §§1197-e(22), 1197-j: The Water Authority of Great Neck North may not enter into a cooperative … and municipalities. You ask whether the Water Authority of Great Neck North may participate in a cooperative plan for …

Focus on Facts

… Tax Revenue and Retail Dispensaries in New York State NYC Sectors Dashboard Update New York City Agency Services … 2025 Broadband Availability, Access and Affordability in NYC, December 2024 A Profile of Agriculture in NYS, November … Back to NY, An Analysis of Post-Pandemic Travel, July 2024 NYC IDA, Administration of Financial Assistance to NYC …

County of Otsego – Accountability Over Trust and Agency Funds (2014M-041)

… was to evaluate the County’s accountability over selected trust and agency funds for the period of January 1, 2012 … by an elected 14-member Board of Representatives. It uses trust and agency funds to account for assets held in a … determine the source or purpose of moneys held in several trust and agency funds. The Treasurer did not identify the …

Town of Bolton - Urban Development Action Grant Repayment Funds (2017M-216)

… than as a receivables and due to other funds, resulting in an understatement of nearly $3.6 million in the CD fund as of December 31, 2016. Key Recommendations …

Fonda-Fultonville Central School District – Reserves Management (2021M-157)

… as required. Pass a required resolution to properly transfer $114,895 into the retirement reserve. While it is a … appropriate remedy for addressing improper funding of and transfer of funds from reserves. District officials generally …

Baldwinsville Public Library – Private Funds and Employee Leave Accruals (2014M-256)

… of our audit was to review internal controls over the Library’s private funds and employee leave accruals for the … February 28, 2014. Background The Baldwinsville Public Library is located in the Village of Baldwinsville in … governed by an elected seven-member Board of Trustees. The Library’s budgeted appropriations for the 2013-14 fiscal year …

Town of Long Lake – Capital Projects and Reserve Funds (2012M-235)

… Key Findings Town officials have not closed out a capital project for a dump closure with a remaining cash balance of … did not receive approval from OSC for establishing capital project reserve funds and exceeded the Board-authorized … Recommendations Properly close-out the completed capital project and transfer the remaining funds back to the …

Andover Central School District – Internal Controls Over Reserve Funds (2013M-162)

… of our audit was to review internal controls over reserve funds for the period July 1, 2007, through April 30, 2013. … $8.2 million. Key Findings Internal controls over reserve funds are not appropriately designed or operating … summary statement of projected use and need of the reserve funds. However, the annual report prepared by the Business …

Allegany-Limestone Central School District – Reserve Funds and Fixed Assets (2013M-228)

… Purpose of Audit The purpose of our audit was to review District … controls over reserve funds and movable fixed assets for the period July 1, 2011 through July 5, 2013. Background … the amount retained. While the Board adopted an asset policy, it has not updated it to reflect current District …

Examples from GASB Statement 34 - Sample City Balance Sheet Governmental Funds

… CT 06856 are reprinted by permission. Sample City Balance Sheet Governmental Funds December 31, 2002   General Fund HUD … Examples from GASB Statement 34 Sample City Balance Sheet Governmental Funds …

Bradford Volunteer Fire Company, Inc. – Apparent Misappropriation of Funds (2016M-91)

… organization that provides fire protection and emergency rescue services to residents in the Town of Bradford in …

Resources and Responsibilities: New York State’s Environmental Funding

… On the founding Earth Day just over 50 years ago, New York State created the Department of Environmental … State Comptroller Executive Summary Founded in 1970, the New York State Department of Environmental Conservation (DEC) … new functions within the limits of available resources. New York has created a number of dedicated funds for …

Allocation and Budgetary Controls Over Unrestricted Funds

… Foundation for the State University of New York had: a fair and equitable methodology for charging (assessing) SUNY … current methodology for assessing the campuses is fair and equitable. In addition, the assessments were … the current assessment methodology to ensure it remains fair and equitable. Place particular focus on changes in …

Conservation Fund – Sources and Uses of Funds

… includes activities such as operating fish hatcheries and game farms and managing fish and wildlife populations. The …

Collection and Use of Oil Spill Funds

… all fees due the New York Environmental Protection and Spill Compensation Fund (Oil Spill Fund or Fund) in compliance with applicable laws and if all expenditures from the Fund are reasonable, appropriate, and associated with spill remediation projects. The audit …

DiNapoli: Potsdam Audit Finds Missing Court Funds

… The former justice court clerk in the town of Potsdam was arrested for embezzling … Attorney Mary Rain’s office. In February, the former clerk – Mary Jo Guyette – was charged by the St. Lawrence … to the town supervisor. To avoid detection, the former clerk entered certain fines and fees into the court’s …

IX.9 Administrative Recoveries - Transfers to Other Funds – IX. Federal Grants

XVI.3.C State Funds Included in the ACFR – XVI. Financial Reporting

… 60681-60683,  60686-60690,  60692-60706 Miscellaneous NYS Agency Fund – General Fund 60900-60905 MMIS Statewide Escrow … 21650-21657 Combined Non-Expendable Trust Fund 21700-21702 Winter Sports Education Trust Fund 21850-21851 Arts Capital … Alternate Correctional Facilities 72750 Sole Custody - Agency Funds 72075* Elimination Account – Agency Funds * Fund …

Oversight of Smart Schools Bond Act Funds

To determine whether the State Education Department is monitoring the use of Smart Schools Bond Act funds to ensure that school districts have appropriately utilized them for their intended purpose

Due Diligence for Companies Holding Abandoned Funds

… 90 days before your final report is due Send a notice by first class mail to every person or business with a … expect to appear on your abandoned property report. In the notice, be sure to tell the owner that their property will be … the date you submit your report. Include that date in the notice to give the owner a deadline for contacting you. …