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Controls Over Cash Advance Accounts (Follow-Up)
… included in our original report, Controls Over Cash Advance Accounts (Report 2014-S-22). Background Our … of $313,090, as follows: Change Fund – $271,590; Petty Cash Fund – $40,000; and Confidential Fund – $1,500. Key …
https://www.osc.ny.gov/state-agencies/audits/2016/06/03/controls-over-cash-advance-accounts-followRockville Centre Housing Authority – Claims Auditing and Cash Receipts (2017M-57)
… audit was to examine the Authority’s claims auditing and cash receipts processes for the period October 1, 2015 … adopt policies and written procedures for the Authority’s cash receipt process. The clerk’s duties were not adequately …
https://www.osc.ny.gov/local-government/audits/public-authority/2017/06/30/rockville-centre-housing-authority-claims-auditing-and-cash-receiptsManorville Fire District – Board Oversight and Fuel (2016M-411)
… adequate written policies and procedures governing cash receipts and disbursements. The District has not … Develop and adopt policies and procedures over cash receipts and disbursements. Segregate cash receipt, disbursement and recordkeeping duties to the …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/03/10/manorville-fire-district-board-oversight-and-fuel-2016m-411Genesee Community College - Procurement, Cash Disbursements and College President's Compensation (2019M-81)
… in a manner consistent with the procurement policy. Cash disbursements were properly supported and approved. The … $125,000. The Board has not sufficiently segregated cash disbursement duties and has not established adequate … policy and statutory bidding requirements. Ensure cash disbursement duties are adequately segregated and/or …
https://www.osc.ny.gov/local-government/audits/community-college/2019/10/04/genesee-community-college-procurement-cash-disbursements-and-collegeWallkill Fire District – Inappropriate Payments and Purchase (2015M-39)
… purpose of our audit was to examine internal controls over cash disbursements for the period January 1, 2009 through … did not establish adequate internal controls over the cash disbursements process, resulting in $239,622 being … report and seek reimbursement as appropriate; implement a cash disbursement policy that prohibits distribution or …
https://www.osc.ny.gov/local-government/audits/fire-district/2016/01/08/wallkill-fire-district-inappropriate-payments-and-purchase-2015m-39Genesee Community Charter School – Revenue Billing and Collection (2013M-61)
… of Audit The purpose of our audit was to examine the cash receipts process for the period July 1, 2011, to … reconciliations. Key Recommendation Require that bank and cash receipts reconciliations for School meal and field study … collections be performed by someone independent of the cash receipts process. … Genesee Community Charter School …
https://www.osc.ny.gov/local-government/audits/school-district/2013/05/10/genesee-community-charter-school-revenue-billing-and-collection-2013m-61II.4 Overview – II. New York State Financial Accounting
… New York State Financial Accounting standards are used in the EXECUTE and EVALUATE phases of the financial cycle. Standards are established in the following categories: Minimum Financial Reporting … the extent practicable, the accounting principles applied by OSC in preparation of the annual financial statements. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4-overviewComptroller DiNapoli Releases Municipal Audits
… maintained by the Surrogate's Court were generally up-to-date and complete, and no material discrepancies were found. … fulfilled his duties. The treasurer was allowed to pay bills and make cash withdrawals without evidence of …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-audits-0DiNapoli: Wall Street Bonuses Declined in 2010
… This video tells the story Cash bonuses paid to New York City securities … Wall Street profits totaled $27.6 billion in 2010, which would be second only to 2009 when the industry … rates. "Cash bonuses are down, but that's not an indicator of a weakness on Wall Street," DiNapoli said. "Wall Street is …
https://www.osc.ny.gov/press/releases/2011/02/dinapoli-wall-street-bonuses-declined-2010State Comptroller DiNapoli Releases Municipal Audits
… City officials did not implement all recommendations in the previous budget review letter when preparing the … certain significant revenue and expenditure projections in the 2022-23 proposed budget continue to be unreasonable. … and document their evaluation and approval process. In addition, the board did not properly monitor the …
https://www.osc.ny.gov/press/releases/2022/05/state-comptroller-dinapoli-releases-municipal-auditsJamison Road Volunteer Fire Company, Inc. – Internal Controls Over Financial Operations (2015M-95)
… The Treasurer did not always deposit receipts and cash advances in a timely manner. Key Recommendations … adequate supporting documentation. Adopt comprehensive cash receipt and disbursement policies that include provision … to ensure they are accurate. Ensure that fundraiser cash advances and receipts are deposited in a timely manner. …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2015/11/06/jamison-road-volunteer-fire-company-inc-internal-controls-overTown of Avoca – Financial Management and Town Clerk Operations (2017M-131)
… purpose of our audit was to review the Board’s financial management and evaluate the operations and financial … an actual financing source. The Clerk did not maintain a cash book to chronologically record all individual receipts …
https://www.osc.ny.gov/local-government/audits/town/2017/12/08/town-avoca-financial-management-and-town-clerk-operations-2017m-131Lynbrook Union Free School District – Special Programs (2016M-45)
… $79.4 million. Key Findings The concentration of cash custody and recordkeeping duties gives the Director substantial control over all phases of cash transactions. District officials did not adequately … processing, recording and depositing special program cash receipts. Ensure that the Director’s duties are …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/05/lynbrook-union-free-school-district-special-programs-2016m-45City of Amsterdam – Treasurer’s Office Collections (2022M-203)
… office cash collection process and ensured accounts receivable were reconciled. Key Findings The Controller did … office cash collection process or ensure accounts receivable were reconciled. The Treasurer’s office cash … for receipt numbers. Large unreconciled accounts receivable variances remained in the accounting records …
https://www.osc.ny.gov/local-government/audits/city/2023/06/23/city-amsterdam-treasurers-office-collections-2022m-203Town of Chili - Financial Management and Cash Receipts (2019M-167)
… - pdf] Audit Objective To determine whether the Board and Town officials adopted realistic budgets and effectively managed fund balance and reserves. To … budget estimates, which resulted in operating surpluses, unused appropriated fund balances and increasing fund …
https://www.osc.ny.gov/local-government/audits/town/2019/12/20/town-chili-financial-management-and-cash-receipts-2019m-167Town of Amsterdam – Supervisor’s Records and Reports (2013M-8)
… July 31, 2012. Background The Town of Amsterdam is located in Montgomery County and has a population of approximately … accounting records are complete, accurate, and maintained in a timely manner. Ensure that complete and accurate monthly …
https://www.osc.ny.gov/local-government/audits/town/2013/04/05/town-amsterdam-supervisors-records-and-reports-2013m-8Morley Volunteer Fire Company – Misappropriation of Funds (2023M-154)
… December 2019. The former Treasurer was able to: Obtain cash totaling $45,400 by making inappropriate automated … writing unauthorized checks to herself and receiving cash from Company funds presented for deposit. Make 178 … reports, audit bills (claims) prior to payment or compare cash collections to deposits. The former Treasurer was …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2024/03/22/morley-volunteer-fire-company-misappropriation-funds-2023m-154DiNapoli Releases October State Cash Report
… than April projections, according to the monthly state cash report issued today by State Comptroller Thomas P. … from the Enacted Budget. Other findings from the October cash report include: Personal income tax receipts through … increased by 8.9 percent or $281 million. The October cash report can be found here : or at …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-releases-october-state-cash-reportOpinion 2008-6
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … 1 The collective bargaining agreement does not expressly state how the cash payment is to be calculated. It appears, …
https://www.osc.ny.gov/legal-opinions/opinion-2008-6DiNapoli: Former Almond Treasurer Took $22,000 in Fire Department Funds
… Treasurer Sally Dieter for allegedly stealing $22,000 in cash by pocketing fundraising proceeds and writing numerous … volunteer fire departments statewide: Keep an eye on your cash. Donors rely on you to safeguard and use contributions … in the department’s bylaws to help ensure that all cash receipts − including fundraising receipts − are properly …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-former-almond-treasurer-took-22000-fire-department-funds