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Canastota Central School District - Financial Condition Management (2019M-174)

… in most of the appropriated fund balance not being needed to fund operations. The tax certiorari reserve was overfunded … exceeded the statutory limit ranging from 7.2 percent to 10.9 percent. Key Recommendations Adopt annual budgets … that contain realistic estimates and develop a plan to reduce the amount of surplus fund balance. Account for and …

DiNapoli Releases December State Cash Report

… $162.5 million or 2 percent higher than the same month last year. Year-to-date tax collections of $54.4 billion were … initial projections from the Enacted Budget. The General Fund ended December with a balance of $12.7 billion, which … $2.1 billion and was $656.4 million lower than last year. Capital projects spending increased 14.7 percent or $611.6 …

Comptroller DiNapoli, U.S. Attorney Hartunian & New York A.G. Schneiderman Announce Guilty Pleas on State and Federal Charges By Former Assemblymember William Scarborough

… Special Agent in Charge of the Albany Division of the Federal Bureau of Investigation, today announced that former … of Queens, New York, has agreed to enter guilty pleas on federal and state public charges stemming from public … investigations.  SCARBOROUGH pled guilty this morning to federal charges and is scheduled to plead guilty to state …

DiNapoli: Wall Street's 2024 First Half Profits of $23.2B Were 79.3% Higher Than Last Year

… the broker/dealer operations of New York Stock Exchange (NYSE) member firms. There are now 131 member firms, down from … period of soaring profits from 2019 to 2021. The lion’s share of the job growth since 2019 came in 2022 when firms …

Fiscal Stress Monitoring System - School Districts: Fiscal Year 2020-21 Results

This snapshot highlights the FSMS results for school districts that reported for school fiscal year (SY) 2020-21, which ended on June 30, 2021. Fewer school districts were scored in fiscal stress in this year, but the COViD-19 pandemic and the local, State and federal responses to it had a negative

XI.8.A Centralized Contracts – XI. Procurement and Contract Management

… A centralized contract is a contract let by the Office of General Services (OGS) for use … from centralized contracts are provided by OGS in the contract award notices available on the OGS website. Agencies … A centralized contract is a contract let by the Office of General Services …

XII.5.E Processing Vouchers Against a Purchase Order – XII. Expenditures

… System (SFS). When a Business Unit receives a paper invoice from a vendor for goods or services provided based on … order to liquidate the funds encumbered. Each electronic invoice submitted by a vendor must reference a purchase order … voucher in the Accounts Payable module from the electronic invoice. When the voucher is processed it will liquidate the …

XVI.4.D Receivables Other Than Income Taxes and Federal Grants – XVI. Financial Reporting

… the State expects to collect as a result of revenue lease contracts the State has entered into. The accounting …

DiNapoli: Tax Collections Exceed Projections Through First Half of Fiscal Year

… Tax collections of $38.2 billion through the first half of the fiscal year were $675.6 million higher than the … Thomas P. DiNapoli. The General Fund ended the first half of the year with a balance of $10.7 billion, up 33 … tax (PIT) receipts totaled $24.2 billion through the first half of the fiscal year, $215.6 million above updated …

Oversight of Casino Revenues and Regulatory Oversight Reimbursement Collections

… for overseeing three types of casinos in the State: commercial, video lottery terminal (VLT),¹ and Class III tribe/nation (tribe/nation). Commercial and VLT casinos are required to remit a percentage … casinos for oversight costs. The Commission had not billed commercial casinos for oversight costs. Key Findings An …

Limitations – State Police Plan

Higher Education – 2022 Financial Condition Report

… totaling almost $196 million in aid, including 32,940 Excelsior scholarships totaling $137.3 million. The TAP … college in New York State. For eligible students, the Excelsior Scholarship Program covers any remaining tuition …

Smithtown Central School District – Capital Projects (2016M-202)

… money has remained in the capital fund for several years, dating back to September 2012. Key Recommendations Ensure …

Capital – 2022 Financial Condition Report

… A robust, efficiently managed capital investment program can support healthy economic growth, while the deterioration of capital assets can weaken the State’s economy and its ability to attract and retain business. Capital assets include not only highways and bridges, but …

Town of Bolivar – Community Development Block Grant (2013M-353)

… and has a population of approximately 2,200. The Town Board consists of five elected members including the Town Supervisor. The Town was awarded a $400,000 New York State Community Development Block Grant (CDBG), and … underpaid or overpaid, for work they had performed. The Board did not develop or implement procedures to track CDBG …

DiNapoli: State Tax Revenues Down $3 Billion Through July

… State tax receipts of $26.4 billion through the first four months of the state fiscal year were $3 billion, … billion, lower. Sales tax receipts of $4 billion for the first four months were down $1.2 billion from a year earlier, … State tax receipts of $264 billion through the first four months of the state fiscal year were $3 billion or …

Verify Your Unclaimed Funds Check

… If you received a letter from the Comptroller’s Office of Unclaimed Funds, a check for your lost money will arrive … days! When it arrives, cash it to prevent it from becoming unclaimed funds again in the future. What Does the Check Look … Verify Your Check Each check sent from the Office of the Unclaimed Funds includes a unique Claim ID. You can use this …

Model Code of Ethics for Local Governments - Frequently Asked Questions

… of persons having a family relationship with a municipal officer or employee. Can a municipality expand or reduce … parents, siblings, children, and members of the municipal officer’s or employee’s household. The Model Code refers to … What is recusal and abstention, and when must a municipal officer or employee recuse himself or herself and abstain …

State Comptroller Thomas P. DiNapoli Statement on IDA Reform Legislaton (S.5867/A.7915)

… “New York is in a better position to evaluate Industrial Development Agencies and the projects that receive … New York is in a better position to evaluate Industrial Development Agencies and the projects that receive …

Understanding Your GASB Report – Governmental Accounting Standards Board

… on net position, like assets. Discount Rate Per GASB Statement No. 67, a blended or single rate (expressed as a … GASB report issued by NYSLRS for employers to comply with Statement No 68 …