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II.4 Overview – II. New York State Financial Accounting
… standards are used in the EXECUTE and EVALUATE phases of the financial cycle. Standards are established in the … Minimum Financial Reporting Requirements; Basis of Accounting; and Cash and Basic Financial Statements. An important element of financial accounting and reporting is the operation and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4-overviewTown of Summit – Town Clerk (2024M-51)
… collected in accordance with New York State (NYS) Town Law (Town Law) Section 30 which required the Clerk to deposit all fees … and certain NYS agencies in accordance with Town Law Section 27 which required the Clerk to remit fees …
https://www.osc.ny.gov/local-government/audits/town/2024/08/16/town-summit-town-clerk-2024m-51Village of Sloan – Clerk-Treasurer (2024M-109)
… and reported financial transactions accurately and in a timely manner. Key Findings Although the … accurately, transactions were not always recorded in a timely manner. The Clerk-Treasurer also did not provide … to ensure transactions were recorded accurately and in a timely manner. The Board did not annually audit the …
https://www.osc.ny.gov/local-government/audits/village/2024/11/15/village-sloan-clerk-treasurer-2024m-109Village of Earlville – Collections (2024M-128)
… recorded and deposited all collections accurately and in a timely manner. Key Findings Although the … accurately recorded collections that we reviewed in the central accounting records, she did not always deposit collections in a timely manner. We also identified that staff in the …
https://www.osc.ny.gov/local-government/audits/village/2025/01/10/village-earlville-collections-2024m-128Estimated Invoice
… your final annual invoice. If you have the Billing Security Role, we notify you when your estimated invoice is … Estimated Invoice link. Only employees with the Billing Security Role are able to access the Billing Dashboard. Your Security Administrator assigns this role to contacts who need …
https://www.osc.ny.gov/retirement/employers/estimated-invoice2020 Annual Report on Preschool Special Education
In 2020, OSC completed 10 audits of preschool special education providers' expenses submitted to SED. These audits cumulatively identified over $4.4 million in recommended disallowances, or more than 3 percent of the total claimed expenses of $139.3 million for the audit period.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/seit-annual-report-2020.pdfOversight of the Clean Water State Revolving Fund (2020-S-64)
To determine if the Environmental Facilities Corporation is adequately overseeing the Clean Water State Revolving Fund (CWSRF) to ensure funds are being awarded, used, and collected in accordance with requirements and in support of CWSRF goals, including ensuring projects meet their...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-20s64.pdfOversight of the Clean Water State Revolving Fund (2020-S-64) 180-Day Response
To determine if the Environmental Facilities Corporation is adequately overseeing the Clean Water State Revolving Fund (CWSRF) to ensure funds are being awarded, used, and collected in accordance with requirements and in support of CWSRF goals, including ensuring projects meet their ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-20s64-response.pdfCity of Long Beach – Budget Review (B21-7-6)
Determine whether the significant revenue and expenditure projections in the City’s proposed budget for the 2021-22 fiscal year are reasonable, and whether the City took appropriate action to implement or resolve recommendations from our budget review issued in May 2020.
https://www.osc.ny.gov/files/local-government/audits/2021/pdf/long-beach-budget-review-b21-7-6.pdfDiNapoli: NYC Finances Gain Stronger Footing
… ”Hope is building in New York City as vaccination rates climb, capacity limitations are rolled back and federal … to grow 5.1 percent in 2021 due to better than projected income and corporate tax collections in FY 2021, driven by less severe impacts …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-nyc-finances-gain-stronger-footingDiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… the city adopted its $98.7 billion fiscal year (FY) 2022 budget. Excluding federal aid, the city will fund about $2 … of planned savings initiatives ($315 million). By FY 2025, the city will still incur more than $1 billion in … of New York Find out how your government money is spent at Open Book New York . Track municipal spending, the state's …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingState Comptroller DiNapoli Releases Audits
… Department of Health: Medicaid Program – Overpayments for Medicare Part C Claims (2023-S-13) Under Medicare Part … in part because hospitals misinterpreted state regulations and billing guidelines, did not properly submit Claim … Medicaid Program – Excessive Payments for Durable Medical Equipment Rentals (Follow-Up) (2024-F-18) Medicaid …
https://www.osc.ny.gov/press/releases/2024/12/state-comptroller-dinapoli-releases-auditsState Comptroller DiNapoli Releases Audits
… New York State Comptroller Thomas P. DiNapoli announced today the … Niagara Frontier Transportation Authority (NFTA): Use of Vendor-Supported Technology (2019-S-40) NFTA officials have …
https://www.osc.ny.gov/press/releases/2019/12/state-comptroller-dinapoli-releases-audits-0DiNapoli: Fewer School Districts Overriding Tax Cap
… of school districts overriding New York’s property tax cap declined by more than half over the past three fiscal … districts were twice as likely to override the tax cap compared to high-need districts. “Local school district … are working hard to operate within the confines of the cap,” said DiNapoli. “As the cap fluctuates below two …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-fewer-school-districts-overriding-tax-capDiNapoli: Localities Spending More to Address Climate Change Hazards
… also received information from New York City to get a broad sense of its spending on similar projects. Representing … years), water pollution control ($1.8 billion) and the broad category of resiliency, technology and equipment ($1.6 …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-localities-spending-more-address-climate-change-hazardsXIV.4.C Bank Account Reporting and Reconciliations – XIV. Special Procedures
… statement of all balance(s) on deposit in any bank account under the administrative control of any state officer … agencies must obtain and reconcile bank statement balances and provide the following information to the … bank account information, which typically is due within 30-45 days of fiscal year-end. The sole custody data that is …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv4c-bank-account-reporting-and-reconciliationsXV.13 Federal Funds – Payments – XV. End of Year
… the State to be reimbursed for payments made from federal funds by the end of the fiscal year, vouchers and journal … the State to be reimbursed for payments made from federal funds by the end of the fiscal year vouchers and journal …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv13-federal-funds-paymentsDiNapoli: NYC’s Restaurant, Retail and Recreation Sectors Continue to Struggle During Pandemic
… New York City’s restaurant, retail and recreation (RRR) sectors … for example, that the money ran out quickly, leaving many restaurants across the nation unfunded. In New York state, …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-nycs-restaurant-retail-and-recreation-sectors-continue-struggle-during-pandemicDiNapoli: Wall St. 2021 Profits near Record Levels
… run of prosperity extended into the first half of 2021 with $31 billion in pre-tax earnings, beating 2020’s outsized … of jobs. In 2021, job losses appear to have accelerated with the industry on pace to lose 4,900 jobs. By contrast, … forecast a 5.1% gain in securities employment in 2021, with the addition of 9,200 jobs. This year the nation is on …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-wall-st-2021-profits-near-record-levelsCompliance With Special Education Regulations for the Provision of Services
… IEPs in a timely manner. State Regulations do not define how long this should take. A report issued in August 2019 by New York … action(s). Develop guidelines for the length of time it should take for students to start receiving recommended …
https://www.osc.ny.gov/state-agencies/audits/2020/09/30/compliance-special-education-regulations-provision-services