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XVI.2 Financial Reporting Policies – XVI. Financial Reporting

… Section 8 of the State Finance Law requires the Comptroller to prepare periodic financial reports in … with GAAP. GASB Statements and Interpretations are the main sources for GAAP guidance. GASB Statements and …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi2-financial-reporting-policies

SUNY Bulletin No. SU-328

… Purpose The purpose of this bulletin is to provide agency instructions for processing the 2022 … page. If a summer payment (SUM – Summer Service – SUNY) is reported in Time Entry, calculate the maximum allowable … using the chart below, and verify that the rate submitted is within the set parameters. If the SUM – Summer Service – …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-328-2022-suny-summer-sessions-payments

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

… Policy References: Section 40-a of the State Finance Law generally sets forth the basis for recognizing an appropriated loan receivable. … Preparation: There are two categories of receivables on the Statement of Net Position and Balance Sheet - "Accounts …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4d-receivables-other-income-taxes-and-federal-grants

XIX.3 Project IDs with Multiple Funding Sources – XIX. Project Costing (PCIP)

… With the implementation of PCIP, the practice of establishing a Project as equal to one … source becomes obsolete. PCIP enables agencies to use the Project ID in SFS to manage and report on the total cost …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix3-project-ids-multiple-funding-sources

Course Offerings (Follow-Up)

… who enrolled in 2018 (the most recent entering class with published four-year graduation rates) received their … of full-time students who first enrolled in 2016 graduated with a bachelor’s degree within six years. CUNY students … 2019, and focused on five senior colleges in each borough with large enrollments in 2017: the College of Staten Island, …

https://www.osc.ny.gov/state-agencies/audits/2023/10/25/course-offerings-follow

Department of Transportation Bulletin No. DOT-41

… Purpose The purpose of this bulletin is to provide agency … them to change their normal working hours to a shift, any part of which falls between the hours of 6:00 p.m. and 6:00 …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/transportation/dot-41-2022-shift-lump-sum-payment-winter-maintenance-season

State Agencies Bulletin No. 753

… a country. Agency Actions Review the NPAY766 Report each pay period. Follow the suggestions provided above to address …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/753-new-error-messages-control-d-report-npay766

Rensselaer City School District – Medicaid Reimbursements (2024M-42)

… report – pdf] Audit Objective Determine whether the Rensselaer City School District (District) officials claimed Medicaid reimbursements to which the District was entitled. Key Findings District officials … students and did not correct and resubmit rejected claims. The District also lacked adequate procedures to ensure …

https://www.osc.ny.gov/local-government/audits/school-district/2024/07/12/rensselaer-city-school-district-medicaid-reimbursements-2024m-42

State Comptroller DiNapoli Statement on Former Mahopac Fire Official Guilty Plea

… "Michael Klein started stealing from the public just after he was appointed treasurer at the Mahopac Fire Department. He used his $5.7 million … My ongoing partnerships with U.S. Attorney Preet Bharara, the New York State Police, the IRS and FBI brought Mr. Klein …

https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-statement-former-mahopac-fire-official-guilty-plea

Town of Stanford – Financial Management (2021M-130)

… over the prior year and levied more taxes than necessary to fund general fund operations. Exceeded its fund balance … and have initiated or indicated they planned to initiate corrective action. Appendix B includes our …

https://www.osc.ny.gov/local-government/audits/town/2021/09/24/town-stanford-financial-management-2021m-130

Town of Clarence Industrial Development Agency – Project Approval and Monitoring (2020M-97)

… complete report - pdf ] Audit Objective Determine whether the Board of the Town of Clarence Industrial Development Agency (CIDA) … properly approved and monitored projects. Key Findings The Board did not properly approve or monitor its projects. …

https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2021/09/10/town-clarence-industrial-development-agency-project

Town of Pharsalia – Board Oversight (2018M-59)

… complete report - pdf ] Audit Objective Determine whether the Town Board (Board) in the Town of Pharsalia (Town) provided adequate oversight of financial operations. Key Findings The Board did not provide adequate oversight of financial …

https://www.osc.ny.gov/local-government/audits/town/2021/11/24/town-pharsalia-board-oversight-2018m-59

Cheektowaga Economic Development Corporation (CEDC) – Revolving Loan Program (2021M-85)

… (CEDC) Board properly managed and monitored the revolving loan fund program. Key Findings The CEDC Board did not … repayments were not properly accounted for or deposited in a timely manner. Late fees were not always properly assessed and collected. …

https://www.osc.ny.gov/local-government/audits/local-development-corporation/2021/11/05/cheektowaga-economic-development-corporation-cedc-revolving

II.4 New York State Financial Accounting – II. New York State Financial Accounting

… New York State Financial Accounting standards are used in the …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4-new-york-state-financial-accounting

Town of New Castle - Recreation Department Cash Receipts (2020M-19)

… agreed with our recommendations and indicated they plan to initiate corrective action. … Determine whether …

https://www.osc.ny.gov/local-government/audits/town/2020/03/20/town-new-castle-recreation-department-cash-receipts-2020m-19

Kings Park Central School District - Procurement of Professional Services (2020M-22)

… District officials did not periodically seek competition for services from five professional service providers who … the procurement policy to establish a reasonable interval for how frequently proposals should be solicited when …

https://www.osc.ny.gov/local-government/audits/school-district/2020/03/06/kings-park-central-school-district-procurement-professional-services

DiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City

… by New York State Comptroller Thomas P. DiNapoli shows the challenges faced by the state’s school districts are as … taxes made up more than half of the total revenues (53.1 percent), a modest increase from 2007-08 (51.9 percent). Over … and spend more per pupil. The report notes many factors can affect the differences in spending including the local …

https://www.osc.ny.gov/press/releases/2020/03/dinapoli-report-analyzes-regional-trends-education-school-districts-outside-new-york-city

DiNapoli Releases Bond Calendar for Second Quarter

… sales of $3.68 billion include $2.63 billion of new money and $1.05 billion of refundings and reofferings as … scheduled for April, of which $37.8 million is for new money and $328.5 million for refunding purposes; $2.90 … scheduled for May, of which $2.31 billion is for new money purposes and $590 million is for refunding or …

https://www.osc.ny.gov/press/releases/2020/04/dinapoli-releases-bond-calendar-second-quarter