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DiNapoli Releases October State Cash Report
… well as increased sales tax collections. Tax collections for the first seven months of the fiscal year were $220.7 … state Division of the Budget (DOB) on Nov. 14. Collections for personal income tax (PIT) through October were $960 … below initial projections. DOB again reduced projections for PIT in the Mid-Year Update. "With personal income taxes …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-releases-october-state-cash-reportII.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
… of statements comprised of both government-wide and fund financial statements and notes to the financial … segment; and Capital grants and contributions, including special assessments. Internally dedicated resources are … Grants, entitlements, and donations are recognized as revenue as soon as all eligibility requirements have been …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsDiNapoli Releases December State Cash Report
… Financial Plan projections, according to the state cash report issued today by State Comptroller Thomas P. … DiNapoli's office issues a state cash report every month identifying state revenues and … website called Open Book New York ( www.openbooknewyork.com ). … State tax collections through the first three …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-releases-december-state-cash-reportDiNapoli Releases April State Cash Report
… State tax collections totaled $7.1 billion in the first month of the new fiscal year, a decline of $1.1 billion or 13.1 percent … on 130,000 state contracts, visit Open Book New York . The easy-to-use website was created to promote …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-reportXIV.4.C Bank Account Reporting and Reconciliations – XIV. Special Procedures
… in state bank accounts should be addressed to: Via Overnight Delivery Service Via U.S. Postal Service New York …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv4c-bank-account-reporting-and-reconciliationsWall Street Bonuses Went Up In 2013
… the largest average bonus since the 2008 financial crisis, and the third highest on record, according to an estimate … Street navigated through some rough patches last year and had a profitable year in 2013. Securities industry … had a good year in 2013 despite costly legal settlements and higher interest rates. Wall Street continues to …
https://www.osc.ny.gov/press/releases/2014/03/wall-street-bonuses-went-2013Town of Elmira – Financial Condition (2015M-226)
… deficits. The Board did not receive regular reports of cash flow balances by fund. Key Recommendations Develop and … the fund balance deficits. Provide the Board with monthly cash flow projections for each fund. … The purpose of our …
https://www.osc.ny.gov/local-government/audits/town/2016/01/08/town-elmira-financial-condition-2015m-226Village of Wurtsboro – Financial Operations (2017M-71)
… Purpose of Audit The purpose of our audit was to assess the Village’s financial condition and segregation … as a financing source rather than using recurring revenue to finance recurring expenditures. The general fund borrowed an average of $95,300 from the water fund to maintain operations in the last three years. The Mayor and …
https://www.osc.ny.gov/local-government/audits/village/2017/11/10/village-wurtsboro-financial-operations-2017m-71Comptroller DiNapoli Releases Municipal Audits
… municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being … County) The town justices did not require the clerk to perform monthly bank reconciliations or accountabilities for their review to ensure all collections were accurately accounted for and …
https://www.osc.ny.gov/press/releases/2015/07/comptroller-dinapoli-releases-municipal-auditsSt. Lawrence County – Financial Condition (2016M-173)
… Purpose of Audit The purpose of our audit was to review the County’s … January 1, 2014 through September 30, 2015. Background St. Lawrence County is located in northern New York State and …
https://www.osc.ny.gov/local-government/audits/county/2016/06/24/st-lawrence-county-financial-condition-2016m-173Monroe County - Financial Condition (2018M-179)
… reported general fund interfund advances to cover deficit cash balances in 2017. The County does not have sufficient … County generates and maintains adequate fund balance and cash flow in all funds. Develop a sustainable plan to phase …
https://www.osc.ny.gov/local-government/audits/county/2018/12/07/monroe-county-financial-condition-2018m-179Brewster-Southeast Joint Fire District - Recordkeeping and Procurement (2018M-86)
… in a timely manner. Update financial records and reports to conform to OSC’s uniform system. Ensure budgets are properly … budget amounts. Consider revising the procurement policy to require soliciting competition before awarding …
https://www.osc.ny.gov/local-government/audits/fire-district/2018/08/03/brewster-southeast-joint-fire-district-recordkeeping-and-procurement-2018mStafford Fire Department, Inc. – Controls Over Financial Activities (2014M-274)
… Department cash receipts, as required by the bylaws. The Ladies Auxiliary collected and deposited certain Department …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2014/12/24/stafford-fire-department-inc-controls-over-financialRaquette Lake Fire District No. 3 –Internal Controls (2013M-379)
… were not recorded in the checkbook register and a running cash balance was not maintained. The Treasurer has not filed … Treasurer include revenues, expenditures and reconciled cash balances so they can properly track the financial …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/03/12/raquette-lake-fire-district-no-3-internal-controls-2013m-379Village of Odessa – Clerk-Treasurers' Records and Reports (2020M-11)
… Key Findings The former Clerk-Treasurer did not make cash deposits in a timely manner. The former Clerk-Treasurer … System (NYSLRS). Key Recommendations Deposit all cash receipts in a timely manner, within the legal …
https://www.osc.ny.gov/local-government/audits/village/2023/06/16/village-odessa-clerk-treasurers-records-and-reports-2020m-11Binghamton Housing Authority – Oversight of Financial Operations (2022M-87)
… the Director did not develop proper internal controls over cash disbursements and electronic payments or financial … or not adequately separated for rent receipts and cash disbursements. Payments totaling approximately $152,000 …
https://www.osc.ny.gov/local-government/audits/public-authority/2022/09/09/binghamton-housing-authority-oversight-financial-operations-2022m-87Town of Danby – Town Clerk (2022M-08)
… report - pdf] Audit Objective Determine whether the Town of Danby (Town) Clerk recorded, deposited, remitted and … The Board did not perform an annual audit of the Clerk’s records. Key Recommendations Make intact and … and accountabilities. Perform, or obtain, an annual audit of the Clerk’s records. Town officials generally agreed with …
https://www.osc.ny.gov/local-government/audits/town/2022/05/20/town-danby-town-clerk-2022m-08Town of Bainbridge – Justice Court Operations (2021M-51)
… bank reconciliations and monthly accountabilities. As a result, six collections that were not correctly deposited … their combined cash balances exceeded liabilities by $4,129. The Justices cannot account for the source of this …
https://www.osc.ny.gov/local-government/audits/justice-court/2021/11/19/town-bainbridge-justice-court-operations-2021m-51Town of Shelby – Supervisor’s Financial Responsibilities (2021M-121)
… did not: Maintain accurate accounting records. As a result, the accounting records contain significant variances …
https://www.osc.ny.gov/local-government/audits/town/2021/12/03/town-shelby-supervisors-financial-responsibilities-2021m-121Town of Greenfield – Golf Course Collections (2021M-133)
… (golf pro) did not reconcile daily cash, checks and credit card collections to the POS detail to ensure sales were … in the POS system and reconcile cash, check and credit card collections to the sales detail. Audit the golf pro’s …
https://www.osc.ny.gov/local-government/audits/town/2021/11/24/town-greenfield-golf-course-collections-2021m-133