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XVI.3.B Fund Accounting – XVI. Financial Reporting
… unnecessary funds result in inflexibility and inefficient financial administration. The fund categories and related … The acquisition and use of the State's expendable financial resources (current assets) and the related current … debt service. Interest is recorded in the fund financial statements only when it is legally payable. Principal …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3b-fund-accountingVillage of Remsen – Clerk-Treasurer’s Records and Reports (2020M-119)
… or filed with the State Comptroller’s Office (OSC) for any of the last four years (2015-16, 2016-17, 2017-18 and … accurate, and timely financial records. Conduct or arrange for an audit of the Clerk-Treasurer’s records and reports on …
https://www.osc.ny.gov/local-government/audits/village/2021/01/08/village-remsen-clerk-treasurers-records-and-reports-2020m-119Friendship Central School District – Fund Balance and Reserves (2022M-55)
… properly manage fund balance and reserves. As a result, real property taxes were higher than necessary. The Board and …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/22/friendship-central-school-district-fund-balance-and-reserves-2022m-55City of Long Beach – Budget Review (B20-7-3)
… the significant revenue and expenditure projections in the City’s proposed budget for the 2020-21 fiscal year are … budget. The proposed budget includes revenue estimates of $4.3 million in metered water sales and $5.5 million in sewer … appropriations for overtime or ensure that controls are in place to reduce the use of overtime. Include cash flow …
https://www.osc.ny.gov/local-government/audits/city/2020/05/13/city-long-beach-budget-review-b20-7-3Randolph Central School District - Financial Management (2019M-232)
… and District officials improperly restricted $2.2 million in two reserves and the agency fund. Key Recommendations … comply with the statutory limit and use the excess funds in a manner more beneficial to taxpayers. Return money improperly restricted to surplus fund balance in the general fund. District officials agreed with our …
https://www.osc.ny.gov/local-government/audits/school-district/2020/03/06/randolph-central-school-district-financial-management-2019m-232Monterey Fire Company, Inc. – Misappropriation of Funds (2013M-17)
… Purpose of Audit The purpose of our audit was to evaluate the Company’s financial … incorporated in 1952. The Company, located in the Town of Orange in Schuyler County, has approximately 40 members. … The purpose of our audit was to evaluate the Companys financial …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/03/27/monterey-fire-company-inc-misappropriation-funds-2013m-17DiNapoli: Fire Department Treasurer Arrested for Stealing Public Funds
… Thomas P. DiNapoli today announced the arrest of Dennis Snow, the treasurer of the LeRoy Fire Department in Genesee County. Snow was charged with two counts of grand larceny in the … accountable for his actions.” DiNapoli’s office found that Snow allegedly made unauthorized transfers, withdrawals and …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-fire-department-treasurer-arrested-stealing-public-fundsBradford Fire Co. Treasurer Arrested for Stealing Public Funds
… State Comptroller Thomas P. DiNapoli announced the arrest of Bradford Volunteer Fire Company Treasurer Sherry Hamilton. She was charged with grand larceny in the third … issued an appearance ticket and will be arraigned in town of Bradford court on August 1. “Ms. Hamilton exploited her …
https://www.osc.ny.gov/press/releases/2016/07/bradford-fire-co-treasurer-arrested-stealing-public-fundsMorley Volunteer Fire Company – Misappropriation of Funds (2023M-154)
… cash from Company funds presented for deposit. Make 178 personal purchases totaling $19,572 using a Company debit …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2024/03/22/morley-volunteer-fire-company-misappropriation-funds-2023m-154Pembroke Central School District – Extra-Classroom Activity Funds (2023M-136)
… all ECA funds were properly used. For example: One club advisor did not deposit more than $3,500 in club fundraising activities until our audit began, which was more than six months after the club’s fundraising activity had taken place. The supporting …
https://www.osc.ny.gov/local-government/audits/school-district/2024/04/19/pembroke-central-school-district-extra-classroom-activity-funds-2023m-136DiNapoli: Former Clerk Padded Her Pay With Town Funds
… Thomas P. DiNapoli today announced the arrest of Jordan Green after an investigation and audit found that she paid … thousands of dollars in unauthorized payroll payments. Green also had the town pay back her loans from the state’s … and Essex County District Attorney Kristy Sprague. "Ms. Green used her control over the town's accounts to allegedly …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-former-clerk-padded-her-pay-town-fundsDiNapoli Seeks Increased Diversity at Pension Fund's Portfolio Companies
… of shareholder proposals and other initiatives as part of the New York State Common Retirement Fund’s (Fund) ongoing efforts to increase corporate accountability for progress on … equity and inclusion (DEI) issues. “We encourage the Fund’s portfolio companies to ensure diversity, equity …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-seeks-increased-diversity-pension-funds-portfolio-companiesDiNapoli: Former Rosendale Court Clerk to Repay Stolen Funds
… As a result of an audit and investigation by New York State Comptroller Thomas P. DiNapoli, the former clerk of the town … money on behalf of town residents.” “I appreciate the work Comptroller DiNapoli has done and continues to do for the … restitution and fines of $15 million. For a copy of the Comptroller’s audit of the town of Rosendale, visit: …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-former-rosendale-court-clerk-repay-stolen-fundsDiNapoli: Former School District Treasurer Sentenced for Stealing Funds
… announced Kristina Hand was sentenced in federal court for stealing $34,000 from the Morris Central School District … last September to two counts of federal program theft, for stealing from a school district that received federal … of her actions. My thanks to Acting U.S. Attorney for the Northern District of New York Antoinette T. Bacon and …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-former-school-district-treasurer-sentenced-stealing-fundsVillage of Millport – Treasurer’s Misappropriation of Funds (2016M-256)
… as $4,442. The Treasurer collected, recorded and deposited cash, processed payroll, made purchases and prepared …
https://www.osc.ny.gov/local-government/audits/village/2019/06/19/village-millport-treasurers-misappropriation-funds-2016m-2562024 Stewardship Priorities & Proxy Voting Guideline Updates
The New York State Common Retirement Fund’s Corporate Governance Program actively engages with the Fund’s public equity portfolio companies to foster the development of robust governance practices and prudent management of environmental and social factors.
https://www.osc.ny.gov/files/common-retirement-fund/corporate-governance/pdf/2024-stewardhip-priorities-and-proxy-voting-guideline-updates.pdfII.4.A Minimum Financial Reporting Requirements – II. New York State Financial Accounting
… financial reporting requirements for monthly, quarterly, and annual financial statements prepared on a cash basis … Combined Statements of Cash Receipts, Disbursements and Changes in Fund Balances for all funds of the State Combining Statements of Cash Receipts, Disbursements and Changes in Fund Balances for all funds of the State, by …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4a-minimum-financial-reporting-requirementsTown of Cohocton – Oversight of Ambulance Service (2025M-49)
… 1, 2013 to provide historical background of the ambulance district’s (District’s) formation. Understanding the Audit Area Towns are … service by, among other methods, establishing an ambulance district. Once established, the ambulance district may … lack of oversight of and policy development for the District resulted in excessive fund balance and unnecessary …
https://www.osc.ny.gov/local-government/audits/town/2025/09/26/town-cohocton-oversight-ambulance-service-2025m-49Town of Hanover – Procurement (2025M-58)
… 2024, the Board approved 286 payments to 67 professional service providers totaling approximately $364,000. Audit … procuring professional services. Of the 67 professional service providers that were paid approximately $364,000 in … we determined that the Board did not seek competition prior to selecting 54 professional service providers that …
https://www.osc.ny.gov/local-government/audits/town/2025/09/26/town-hanover-procurement-2025m-58Primary Hall Preparatory Charter School – Debit Cards (2024M-159)
… complete report – pdf] Audit Objective Determine whether the Primary Hall Preparatory Charter School (School) debit card charges were properly approved, adequately supported and … supported and lacked documentation to demonstrate that the charges were for a valid School purpose. Debit cards pose …
https://www.osc.ny.gov/local-government/audits/charter-school/2026/01/16/primary-hall-preparatory-charter-school-debit-cards-2024m-159