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Comptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced his … the condition of court and trust funds to the Office of State Comptroller. Carle Place Water District – Procurement … revenues were consistently overestimated which caused fund balance to decrease significantly in both funds from …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-audits-0DiNapoli: Fiscal Stress Remains Low in Villages
… has identified 22 villages in New York in some level of fiscal stress . DiNapoli’s office evaluated and scored 539 … 15 as “susceptible to fiscal stress.” Last year, a total of 15 villages from this group were listed in fiscal stress. … declining property values, above average child poverty rates and an aging population. In January, DiNapoli released …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-fiscal-stress-remains-low-villagesScotia-Glenville Central School District - Financial Condition Management and Extra-Classroom Activities (2017M-288)
… properly accounted for extra-classroom activity (ECA) fund collections and disbursements. Key Findings Appropriations were unrealistic and appropriated fund balance was not used. Appropriations exceeded … from 2014-15 through 2016-17. Recalculated unrestricted fund balance ranged between 10 and 11 percent of ensuing …
https://www.osc.ny.gov/local-government/audits/school-district/2018/06/01/scotia-glenville-central-school-district-financial-condition-managementBroome County – Financial Condition (2017M-187)
… February 23, 2017. Background Broome County, located in the central southern portion of upstate New York commonly … $2 million of available fund balance to fund operations in fiscal years 2014 through 2016. County officials have not …
https://www.osc.ny.gov/local-government/audits/county/2018/02/08/broome-county-financial-condition-2017m-187Indian River Central School District – Financial Condition (2016M-287)
… period July 1, 2014 through March 31, 2016. Background The Indian River Central School District is located in the Towns … and expenditure trends and the effect on fund balance. … Indian River Central School District Financial Condition …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/10/indian-river-central-school-district-financial-condition-2016m-287Cattaraugus-Little Valley Central School District – Financial Management (2022M-23)
… Board and District officials effectively managed fund balance and reserve funds. Key Findings The Board and District officials did not properly manage fund balance and reserve funds. The Board and District …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/01/cattaraugus-little-valley-central-school-district-financial-managementCassadaga Valley Central School District – Financial Condition (2013M-249)
… evaluate the District’s financial condition and the use of fund balance and reserve funds for the period July 1, 2008 … which is composed of five elected members. General fund budgeted appropriations for the 2013-14 school year are … consistently over-estimated expenditures in the general fund by a total of $6.3 million over the five-year period …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/cassadaga-valley-central-school-district-financial-condition-2013m-249Adirondack Central School District – Financial Condition (2016M-184)
… the District’s financial condition for the period July 1, 2014 through February 29, 2016. Background The Adirondack … District, which operates five schools with approximately 1,300 students, is governed by an elected seven-member Board … plan to address the declining fund balance and to guide the use of the reserve funds. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/23/adirondack-central-school-district-financial-condition-2016m-184Opinion 90-51
… a municipal expense and may not be paid for with surcharge funds. This is in reply to your letter inquiring about the … to the municipality by a service supplier and other funds dedicated to the payment of "system costs" received by …
https://www.osc.ny.gov/legal-opinions/opinion-90-51City of Glen Cove – Budget Review (B7-15-17)
… million in revenue in the 2016 proposed budget from the sale of waterfront property and City officials were unable to provide any definitive documentation that the sale will take place during the upcoming year. The 2016 …
https://www.osc.ny.gov/local-government/audits/city/2015/10/16/city-glen-cove-budget-review-b7-15-17Housing Trust Fund Corporation: Internal Controls and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (Follow-Up)
… included in our initial audit report, Housing Trust Fund Corporation: Internal Controls Over and Maximization of … About the Program Homes and Community Renewal (HCR) is the State’s affordable housing agency, with a mission to build, … housing and increase homeownership throughout the State. HCR comprises several different offices and agencies, …
https://www.osc.ny.gov/state-agencies/audits/2024/04/11/housing-trust-fund-corporation-internal-controls-and-maximization-federal-funding-communityOpinion 2003-3
… This opinion represents the views of the Office of the State Comptroller at the time it was …
https://www.osc.ny.gov/legal-opinions/opinion-2003-3Locust Valley Water District – Budgeting (2013M-179)
… Background The Locust Valley Water District is located in the Town of Oyster Bay, in Nassau County. The District is governed by an elected … The District supplies drinking water to 7,500 customers in the Hamlet of Locust Valley, the Village of Lattingtown, …
https://www.osc.ny.gov/local-government/audits/district/2013/09/06/locust-valley-water-district-budgeting-2013m-179Gowanda Central School District – Financial Management (2024M-104)
… Education (Board) and District officials properly managed fund balance and reserves. Key Findings The Board and … District officials did not properly manage the District’s fund balance and reserves. The Board and District officials’ …
https://www.osc.ny.gov/local-government/audits/school-district/2024/12/13/gowanda-central-school-district-financial-management-2024m-104City of Watervliet – Financial Condition (2017M-230)
… 30, 2017. Background The City of Watervliet is located in Albany County and has a population of approximately … operating deficits and declining fund and cash balances in all three operating funds from fiscal years 2014 through … City’s financial operations and prevent a further decline in the City’s financial condition. … City of Watervliet …
https://www.osc.ny.gov/local-government/audits/city/2018/02/09/city-watervliet-financial-condition-2017m-230Village of Stillwater – Capital Project and Settlement Award Accounting (2017M-163)
… is governed by a five-member Board of Trustees. General fund budgeted appropriations and water fund budgeted appropriations for the 2017-18 fiscal year … by the Board. The Clerk-Treasurer accounted for water fund transactions in the general fund instead of the water …
https://www.osc.ny.gov/local-government/audits/village/2017/12/01/village-stillwater-capital-project-and-settlement-award-accounting-2017m-163Westmoreland Central School District – Financial Condition (2014M-283)
… consistently overestimating expenditures and appropriating fund balance that was not used to fund operations, the District’s actual unrestricted fund balance totaled almost three times the amount allowed by …
https://www.osc.ny.gov/local-government/audits/school-district/2014/12/05/westmoreland-central-school-district-financial-condition-2014m-283Town of Wales – Financial Management (2017M-32)
… by an elected five-member Town Board. General and highway fund budgeted appropriations for 2017 total approximately … estimates of revenues and expenditures. Appropriated fund balance was not used to finance operations as planned. The Town accumulated unrestricted fund balances totaling $1.2 million in the general and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-wales-financial-management-2017m-32Silver Creek Central School District – Financial Management (2022M-153)
Determine whether the Silver Creek Central School District District Board of Education Board and District officials properly managed fund balance and reserves
https://www.osc.ny.gov/local-government/audits/school-district/2023/01/06/silver-creek-central-school-district-financial-management-2022m-153State Comptroller DiNapoli Statement on New York City's November Budget Update
… New York State Comptroller Thomas P. DiNapoli issued the following … set aside additional monies in its Revenue Stabilization Fund in Fiscal Year 2022 when revenues significantly exceeded … and a reduction in funds for 3-K , which the Office of the State Comptroller has noted as potential areas for savings in …
https://www.osc.ny.gov/press/releases/2022/11/state-comptroller-dinapoli-statement-new-york-citys-november-budget-update