Search
State Comptroller DiNapoli Releases Audits
… today the following audits have been issued. Office of Addiction Services and Supports (OASAS): Oversight of Drug Disposal (2018-S-64) Overall, OASAS addiction treatment centers and OASAS-certified providers …
https://www.osc.ny.gov/press/releases/2020/06/state-comptroller-dinapoli-releases-auditsChanges in Federal Policies Pose Significant Risks for New York City's Budget
… Projected budget gaps for New York City in the coming years appear manageable, but tax changes and budget cuts on the federal level pose a significant threat to the city’s finances, according to a report released today by … Projected budget gaps for New York City in the coming years appear manageable but tax changes and budget …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetDiNapoli: Contribute to 529 College Savings Account by Dec. 31 for Tax Benefits
… nor any of their applicable affiliates insures accounts or guarantees the principal deposited therein or any investment returns on any account or investment portfolio. *May be subject to recapture in …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-contribute-529-college-savings-account-dec-31-tax-benefitsDiNapoli: Former Beekman Tax Collector Pleads Guilty to Embezzling $86,000 for Personal Expenses
New York State Comptroller Thomas P DiNapoli today announced that Jennifer Colucci 41 of Hopewell Junction pleaded guilty to stealing more than $86000 in tax funds collected for the use of the town of Beekman and its schools
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-former-beekman-tax-collector-pleads-guilty-embezzling-86000-personal-expensesTown of Milton – Financial Records and Reports and Sales Tax Revenues (2014M-357)
… not file an accurate 2013 annual financial report with the State Comptroller. The Town improperly budgeted and allocated … presented in the annual financial report to the State Comptroller is accurate. Budget and account for sales …
https://www.osc.ny.gov/local-government/audits/town/2015/03/20/town-milton-financial-records-and-reports-and-sales-tax-revenues-2014m-357DiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… than expected. Budget gaps during FY 2024 through FY 2026 will average about $2.7 billion, an amount that has … growth is expected to average 2.4% from FY 2024 to FY 2026, but an unexpected decline would require at least a … programs, risks total more than $3 billion annually by FY 2026, with tax offsets bringing the net risk to about $2.1 …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusDiNapoli: NYC Tax Collections Expected to Fall for First Time Since Great Recession
Recent unemployment claims suggest that most of New York Citys job gains over the past decade have been lost due to the economic impacts of the coronavirus
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-nyc-tax-collections-expected-fall-first-time-great-recessionDiNapoli: Local Sales Tax Collections Down 3.9 Percent for First Quarter of 2021
… Sales tax revenue for local governments in New York State declined by 3.9 … many people stayed home to avoid infection. Collections for the first quarter of 2021 increased compared to the first … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-local-sales-tax-collections-down-3-point-9-percent-first-quarter-2021Town of Alabama – Town Clerk Operations (2013M-369)
… of our audit was to assess the processes and procedures for the Clerk’s fiscal operations for the period January 1, 2012 through November 8, 2013. … of our audit was to assess the processes and procedures for the Clerks fiscal operations for the period January 1 …
https://www.osc.ny.gov/local-government/audits/town/2014/03/14/town-alabama-town-clerk-operations-2013m-369Sauquoit Fire District No. 1 – Controls Over Financial Activities (2014M-178)
… not formally adopt the 2014 budget and the proposed 2014 tax levy exceeded the statutory limit. At the end of 2013, … financial records. Calculate the District’s statutory tax limit and formally adopt the budget. Develop a plan to reduce the amount of fund balance and use the excess tax levy to reduce the tax levy for the 2015 fiscal year. …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/09/05/sauquoit-fire-district-no-1-controls-over-financial-activities-2014m-178Town of Cuyler – Town Clerk Operations (2017M-207)
… Purpose of Audit The purpose of our audit was to determine whether the Clerk properly accounted for fees … property tax receipts totaling $128,000 were deposited up to 22 days late. The Clerk properly recorded, reported and …
https://www.osc.ny.gov/local-government/audits/town/2017/12/29/town-cuyler-town-clerk-operations-2017m-207Fort Edward Union Free School District - Financial Condition (2019M-245)
… Key Recommendations Adopt a multiyear financial plan that is annually updated. Continue to explore options to provide for revenue enhancement, cost savings opportunities and to … with our recommendations and have initiated, or indicated they planned to initiate corrective action. …
https://www.osc.ny.gov/local-government/audits/school-district/2020/05/01/fort-edward-union-free-school-district-financial-condition-2019m-245Town of Boylston – Financial Condition (2021M-69)
… some corrective action. Appendix B includes our comments on certain issues Town officials raised in their response. …
https://www.osc.ny.gov/local-government/audits/town/2021/09/03/town-boylston-financial-condition-2021m-69Village of Ocean Beach – Clerk-Treasurer Compensation (2022M-79)
… personal use of a Village vehicle which, as a fringe benefit, should have been reported on his W-2 for … the overpayments noted in the report and properly report fringe benefits for income tax purposes. Officials generally …
https://www.osc.ny.gov/local-government/audits/village/2022/10/14/village-ocean-beach-clerk-treasurer-compensation-2022m-79DiNapoli: Wall Street Bonuses Slip From 2006 Record
… Average Wall Street bonuses in 2007 declined 4.7 percent from record … declined at a slower rate than profits because Wall Street firms use bonuses to retain top producers. While many … and the employment gains in the securities industry. Wall Street added 9,600 jobs during the first 11 months of 2007, a …
https://www.osc.ny.gov/press/releases/2008/01/dinapoli-wall-street-bonuses-slip-2006-recordState Ends 2015-16 Fiscal Year with Strong Cash Position Largely From Temporary Resources
… year with cash in the bank largely thanks to billions of dollars in settlements received over the past two years,” … tax collections in April of 2015 drove higher collections for the year, my office will be looking closely at this … increase in capital spending and additional federal funds for health care spending associated with the Affordable Care …
https://www.osc.ny.gov/press/releases/2016/05/state-ends-2015-16-fiscal-year-strong-cash-position-largely-temporary-resourcesCity of Newburgh – Budget Review (B23-6-9)
… City’s proposed annual budgets must be submitted to the State Comptroller for examination and recommendations. Key … expenditures in their 2024 adopted budget for the New York State Touring Route Program because there is no …
https://www.osc.ny.gov/local-government/audits/city/2023/11/17/city-newburgh-budget-review-b23-6-9DiNapoli: Unemployment Taxes on Employers Poised To Increase To Repay $9B Owed to Federal Government
… depleted the New York State Unemployment Insurance (UI) Trust Fund, resulting in the state borrowing from the federal government to pay claims. State UI tax rates have already … and the obligation to pay back this money and rebuild the trust fund balance presents a serious challenge for the state …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-unemployment-taxes-employers-poised-increase-repay-9b-owed-federal-governmentXII.8.H Voucher Mass Approval – XII. Expenditures
… SECTION OVERVIEW AND POLICIES This section provides online agencies with … built using the Accounts Payable (AP) Mass Upload Tool; and Lease vouchers created in the Real Estate Management … agencies to mass approve other vouchers. Agencies should contact Bureau of State Expenditures’ Internal Control …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8h-voucher-mass-approvalAmortization Schedules and Payoffs – Contribution Stabilization Program
… If you participate in the CSP, you can view the payment schedules of any … original amount amortized and the interest rates for each, in Retirement Online . To view amortization payment schedules : Sign in to … original amounts amortized and interest rates for each in Retirement Online …
https://www.osc.ny.gov/retirement/employers/csp/amortization-schedules-and-payoffs