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Monroe County - Financial Condition (2018M-179)
… position has been strained for several years. Its combined funds’ 1 available fund balance as of December 31, 2017 … and maintains adequate fund balance and cash flow in all funds. Develop a sustainable plan to phase out the general … raised in the County’s response (Appendix A). 1 Combined funds include the general and road funds and all enterprise …
https://www.osc.ny.gov/local-government/audits/county/2018/12/07/monroe-county-financial-condition-2018m-179XVI.3.A Financial Statements – XVI. Financial Reporting
… (emphasizing major enterprise funds); Statement of Cash Flows - Proprietary Funds (emphasizing major enterprise … from these statements. However, balances due and resource flows between governmental and business-type activities have … is incurred, regardless of the timing of related cash flows. Taxes are recognized as revenues in the year in which …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3a-financial-statementsNew York State Financial Reporting
… Supplementary Information This annual report includes New York State's basic financial statements prepared in … Comprehensive Financial Report This annual report presents New York State’s financial statements prepared in accordance …
https://www.osc.ny.gov/reports/financeLeading the Way on Climate Investment
… Investment and Climate Solutions Program . Net Zero by 2040 Goal In December 2020, the Fund set a goal for … portfolio to net-zero greenhouse gas emissions by 2040. In March of 2021, the Fund joined the Paris Aligned … traded assets in high-impact sectors on net zero by 2040 and striving to invest 75 percent of the SICS program in …
https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investmentTown of Hoosick – Departmental Cash Collections and Sales Tax Allocation (2016M-428)
… Purpose of Audit The purpose of our audit was to assess the cash collection procedures at the Town's pool and skating … money to adequately document collections using the cash register, where applicable, and receipts in all other … Town of Hoosick Departmental Cash Collections and Sales Tax Allocation 2016M428 …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-hoosick-departmental-cash-collections-and-sales-tax-allocation-2016m-428Village of Round Lake – Budgeting Practices and Financial Condition (2015M-26)
… adopted budgets that appropriated fund balance from the water and sewer funds. Consistent appropriation of fund balance and significant unplanned repair costs resulted in a decline in water fund balance from $164,063 at the start of the 2011-12 …
https://www.osc.ny.gov/local-government/audits/village/2015/05/22/village-round-lake-budgeting-practices-and-financial-condition-2015m-26DiNapoli Releases Year-End State Cash Report
… State tax collections totaled $74.4 billion in State Fiscal Year (SFY) 2016-17, a decline of $300.1 … percent from last fiscal year, according to the state cash report issued today by State Comptroller Thomas P. DiNapoli. … the latest projections released with the Executive Budget in February, primarily due to lower than anticipated business …
https://www.osc.ny.gov/press/releases/2017/04/dinapoli-releases-year-end-state-cash-reportNY State Comptroller DiNapoli Announces Responsible Workforce Management Policy for Private Equity Investments
… today announced the Fund’s adoption of its Responsible Workforce Management Policy and Principles (Policy). As part … the new Policy will require an evaluation of relevant workforce management policies and practices. DiNapoli will … Event later today. “The Fund is dedicated to championing workforce management best practices because they have the …
https://www.osc.ny.gov/press/releases/2024/04/ny-state-comptroller-dinapoli-announces-responsible-workforce-management-policy-private-equityDiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
… Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the … best managed and best funded plans in the nation. Links Funds historic value and rate of return in prior years … today announced that the New York State Common Retirement Funds Fund investment return was 584 for the state fiscal …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-state-pension-fund-investments-return-584-state-fiscal-year-2024-25Town of Highlands – Water and Sewer Funds’ Financial Condition (2021M-152)
… managed the financial condition of the water and sewer funds. Key Findings The Board did not effectively manage the Town’s financial condition of the water and sewer funds. The Board did not monitor and amend the budgets as … $370,229 and the water fund owes $490,922 to other funds. Loans from other funds were not repaid by the end of …
https://www.osc.ny.gov/local-government/audits/town/2022/01/21/town-highlands-water-and-sewer-funds-financial-condition-2021m-152City of New Rochelle – Financial Condition (2014M-158)
… 1, 2013 through March 18, 2014. Background The City of New Rochelle is located in Westchester County and has … City of New Rochelle Financial Condition 2014M158 …
https://www.osc.ny.gov/local-government/audits/city/2014/08/29/city-new-rochelle-financial-condition-2014m-158Opinion 89-56
… incentive payment constitutes a gift of town funds in violation of Article VIII, §1 of the State Constitution. Town … incentive payment constitutes a gift of town funds in violation of Article VIII 1 of the State Constitution …
https://www.osc.ny.gov/legal-opinions/opinion-89-56IX.11.A Single Audit Act Accounting and Reporting Requirements – IX. Federal Grants
… The federal award and Assistance Listing Number (ALN) (formerly CFDA) contained in the state’s accounting system are …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix11a-single-audit-act-accounting-and-reporting-requirementsDiNapoli: Former Alexandria Town Clerk Pleads Guilty in Theft
… Former Alexandria Town Clerk Ellen Peck pleaded guilty yesterday in Jefferson County Court to stealing $26,285 in … Former Alexandria Town Clerk Ellen Peck pleaded guilty yesterday in Jefferson County Court to stealing $26285 in …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-former-alexandria-town-clerk-pleads-guilty-theftSchool of Professional Studies – Controls Over Bank Accounts
… waste, or abuse in the use of funds held in its bank accounts. Background The City University of New York School … As of December 1, 2013, CUNY SPS reported it had four bank accounts at two financial institutions. The four accounts were for Tuition and Fees, School Depository, Tax …
https://www.osc.ny.gov/state-agencies/audits/2015/06/02/school-professional-studies-controls-over-bank-accountsBrookhaven-Comsewogue Union Free School District - Extra-Classroom Activity Funds (2021M-181)
… $321,554 are not properly accounted for by the ECA club. Properly appoint faculty auditors and ensure their … nine activity clubs as ECA clubs. Ensure that each club maintained a separate set of records from those of the … be maintained by the student activity treasurer for each club. District officials agreed with our recommendations and …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/17/brookhaven-comsewogue-union-free-school-district-extra-classroom-activityTown of Pleasant Valley – Financial Management (2024M-158)
… and $1.2 million, respectively. Appropriated fund balance to offset annual deficits that was not needed to fund operations, including $439,870 in the general fund … did not adopt a fund balance policy and lacked a plan on how the funds will be used. As a result, there was no …
https://www.osc.ny.gov/local-government/audits/town/2025/05/09/town-pleasant-valley-financial-management-2024m-158Town of Wawarsing - Financial Oversight of Select Activities (2018M-239)
… or the claims audit process. The former senior account clerk (account clerk) paid a vendor, who is a relative, a double payment of … by: Reviewing and approving proposals, bids, change orders and vendor requests for payment. Auditing claims prior …
https://www.osc.ny.gov/local-government/audits/town/2019/06/28/town-wawarsing-financial-oversight-select-activities-2018m-239Blue Point Fire District – Financial Management (2026M-20)
… [read complete report – pdf] Audit Objective Did the Blue Point Fire District (District) Board of Fire Commissioners (Board) effectively manage fund balance … Period January 1, 2019 – December 31, 2024 Understanding the Audit Area Fund balance should be effectively managed to …
https://www.osc.ny.gov/local-government/audits/fire-district/2026/07/24/blue-point-fire-district-financial-management-2026m-20DiNapoli: $1 Million in License Plate Contributions Sit Unused by State
… Department of Motor Vehicles (DMV) regarding possible collaboration of marketing efforts. As a result, the audit … with DMV regarding revenue deposits and possible collaboration of marketing/promotional efforts. The state …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-1-million-license-plate-contributions-sit-unused-state