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DiNapoli: SFY 2022-23 Tax Collections Outperform Projections; Fall Below Previous Year
… totaled $111.7 billion, $2.9 billion higher than the forecast released by the Division of the Budget (DOB) in the … 202223 totaled $1117 billion $29 billion higher than the forecast released by the Division of the Budget DOB in the …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-sfy-2022-23-tax-collections-outperform-projections-fall-below-previous-yearOverview – Special 20- and 25-Year Plans
… in your career. Your FAE can include, but is not limited to, the payments listed below. Payments must be earned in the …
https://www.osc.ny.gov/retirement/publications/1517/final-average-earnings/overviewTown of Boylston – Financial Condition (2021M-69)
… results during the year. Allowed excessive levels of surplus funds to increase. As of December 31, 2020, the general fund’s surplus funds were $134,448, or 89 percent of actual expenditures. In addition, the highway fund’s surplus funds were $386,162, or 84 percent of actual …
https://www.osc.ny.gov/local-government/audits/town/2021/09/03/town-boylston-financial-condition-2021m-69Newfane Central School District – Financial Management (2020M-88)
… Reduce surplus fund balance to comply with the legal limit and use the excess funds in a manner that …
https://www.osc.ny.gov/local-government/audits/school-district/2020/11/06/newfane-central-school-district-financial-management-2020m-88Ardsley Union Free School District – Financial Management (2024M-13)
… the Ardsley Union Free School District (District) Board of Education (Board) and officials effectively managed fund … and District officials’ consistent budgeting practices of appropriating fund balance that is not needed and … 2017-18 through 2021-22 (excluding 2018-19) by an average of $4.1 million, totaling $16.5 million. The District …
https://www.osc.ny.gov/local-government/audits/school-district/2024/06/21/ardsley-union-free-school-district-financial-management-2024m-13State Comptroller DiNapoli, Steuben County District Attorney Baker and the New York State Police Announce Arrest of Former Village of Addison Official for Theft of More Than $1.1 Million
… from her community,” DiNapoli said. “Thanks to the work of my office and our partnership with District Attorney Baker …
https://www.osc.ny.gov/press/releases/2023/11/state-comptroller-dinapoli-steuben-county-district-attorney-baker-and-new-york-state-police-announceState Agencies Bulletin No. 2043
… should enter the current year arrears under deduction code 613, TRS Arrears Before Tax, and the prior year arrears under …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2043-new-prior-year-arrears-deduction-code-members-new-york-state-teachersVictor Central School District - Financial Management (2019M-62)
… adopted realistic budgets and effectively managed fund balance and reserves. Key Findings The Board and … resulted in circumventing the statutory limit on surplus fund balance by making $2.4 million in unbudgeted year-end … transfers to reserves and appropriating $1.6 million in fund balance that was not used. Annually increased meal …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/victor-central-school-district-financial-management-2019m-62XII.6.J Paying a Refund – XII. Expenditures
… with “02”. A list of refund types and valid Vendor ID’s is included in Chapter X. Business Units needing a type … Vendor Management Unit to request a single payment vendor ID for before processing those refund payments in the SFS. … TVOH-INVC-NUM Invoice Number Return Number or Claim Number paid. T304-DEPT-CD TVOD-BUSINESS-UNIT Business …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6j-paying-refundState Contract and Payment Actions in October
… In October, the Office of the State Comptroller approved 1,553 contracts for state agencies and public authorities valued at $1.6 billion and approved … Open Book New York . Major Contracts Approved Department of Health $41.6 million for state employee COVID-19 testing …
https://www.osc.ny.gov/press/releases/2021/11/state-contract-and-payment-actions-octoberTown of Harrison - Budgeting Practices (2018M-142)
… the revenue and expenditure projections in the budget and fund balance were reasonable. Key Findings From 2013 through … (8 percent) per year, which created excessive unassigned fund balance. Unassigned fund balance ranged between 17 and 40 percent of ensuing …
https://www.osc.ny.gov/local-government/audits/town/2019/02/22/town-harrison-budgeting-practices-2018m-142Suffern Central School District - Financial Condition (2019M-145)
… officials effectively managed the District’s general fund financial condition. Key Findings Over the last five years, … The District does not have a comprehensive multiyear financial plan. Key Recommendations Adopt budgets that … with statutes. Approve a comprehensive multiyear financial plan. District officials disagreed with certain …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/18/suffern-central-school-district-financial-condition-2019m-145Akron Central School District - Financial Management (2018M-195)
… officials effectively managed the District’s general fund financial condition. Key Findings As of June 30, 2017 unrestricted fund balance exceeded the statutory limit by approximately … Board and District officials should: Ensure unrestricted fund balance is in compliance with statute. Adopt realistic …
https://www.osc.ny.gov/local-government/audits/school-district/2019/01/25/akron-central-school-district-financial-management-2018m-195Mount Markham Central School District – Financial Management (2020M-39)
… $1.4 million (5.6 percent) from 2016-17 through 2018-19. In the last three completed fiscal years, the District … totaling $2.3 million instead of the $2.6 million in deficits planned in the budgets. District officials have not updated the …
https://www.osc.ny.gov/local-government/audits/school-district/2020/06/26/mount-markham-central-school-district-financial-management-2020m-39Tupper Lake Central School District – Financial Condition (2014M-151)
… through April 30, 2014. Background The Tupper Lake Central School District is located in the Town of Tupper Lake in … unanticipated expenditures and/or revenue shortfalls. The school food service fund was not self-sufficient and required … costs and increase revenues for the general fund and the school food service fund. …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/29/tupper-lake-central-school-district-financial-condition-2014m-151Andover Central School District - Financial Management (2018M-145)
… took appropriate action to address the reasonableness of fund balance and reserves. Key Findings The Board annually appropriated fund balance that was not used to finance operations and … nearly $1.2 million in a debt reserve in the debt service fund from 2014-15 through 2016-17, which made it appear that …
https://www.osc.ny.gov/local-government/audits/school-district/2018/10/19/andover-central-school-district-financial-management-2018m-145Merrick Union Free School District – Financial Management (2024M-64)
… Could not demonstrate that the unemployment insurance and repair reserves, with balances totaling $2.9 million, were …
https://www.osc.ny.gov/local-government/audits/school-district/2024/09/27/merrick-union-free-school-district-financial-management-2024m-64GASB Statement No. 33 "Accounting and Financial Reporting for Nonexchange Transactions"
… this bulletin is to discuss the Statement No. 33 impact on revenue recognition when using the modified accrual basis of … report to the State Comptroller. Statement No. 33 changes revenue recognition for expenditure-driven/ reimbursement … type grants (Category 3 and 4). Prior to Statement No.33, revenue was recognized when expenditures were made. Statement …
https://www.osc.ny.gov/local-government/publications/gasb-statement-no-33-accounting-and-financial-reporting-nonexchange-transactionsCity of Yonkers – Budget Review (B20-6-6)
… the current and future years. Background The Office of the State Comptroller, as Fiscal Agent for the City of Yonkers … relies on nonrecurring revenue of $67.1 million, such as fund balance, one-time State funding and sale of property, to balance its budget. …
https://www.osc.ny.gov/local-government/audits/city/2020/06/24/city-yonkers-budget-review-b20-6-6Comptroller DiNapoli and A.G. Schneiderman Announce Sentencing for Rensselaer DPW Employees Who Stole Scrap Metal Proceeds
… who approved of the idea and allowed him to use a city truck to make the trips during business hours. According to …
https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-rensselaer-dpw-employees-who-stole-scrap