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II.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
The basic financial statements consist of statements comprised of both governmentwide and fund financial statements and notes to the financial statements
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsDiNapoli: Tax Collections Down $1.3 Billion in First Half of Fiscal Year
… Tax collections through the first half of the state fiscal year (SFY) fell $1.3 billion (3.5 percent) to $36.9 billion … Tax collections through September 30, the mid-point of the fiscal year, were below collections in five of the first six … Tax collections through the first half of the state fiscal year fell $13 billion to $369 billion from the same …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-tax-collections-down-13-billion-first-half-fiscal-yearEffectiveness of the Information Technology Transformation
… Consolidation, Email Consolidation and Integration, Enterprise Identification and Access Management), and … Center Modernization, Digital Network Consolidation, and Enterprise Identification and Access Management) can best be …
https://www.osc.ny.gov/state-agencies/audits/2016/08/24/effectiveness-information-technology-transformationDiNapoli: Debt Adding to MTA's Financial Pressures With Riders and Fare Revenue Slow to Return
… decisions into the future and could leave less money to pay for services, according to New York State Comptroller … not kick the can down the road. Its plans to issue debt to pay for operating costs and put off paying down its debt for … $2 billion and could, as a last resort, have to borrow to pay for operating costs, as is planned for 2025. DiNapoli …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-debt-adding-mtas-financial-pressures-riders-and-fare-revenue-slow-returnDiNapoli Urges NYC to Continue to Prepare for Shifting Fiscal Landscape
… Total revenue for New York City’s budget is expected to drop by 9.4% to $101.1 billion in Fiscal Year … resources generated from the combination of these factors is not likely to occur at the same level again, however, and … to FY 2022 levels until the FY 2023 education budget is re-approved in accordance with such procedures. A few days …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-urges-nyc-continue-prepare-shifting-fiscal-landscapeNY's Balance of Payments With Washington Remains Positive for Now, but Federal Actions Could Drastically Change State's Financial Picture
… Federal pandemic relief funds resulted in New York having a positive balance of … and lunch programs, and college loans. Other federal funds pay for essential capital projects and services. These … Orders issued by the President paused disbursement of funds from the Infrastructure Investment and Jobs Act (IIJA) …
https://www.osc.ny.gov/press/releases/2025/04/nys-balance-payments-washington-remains-positive-now-federal-actions-could-drastically-change-statesHousing Trust Fund Corporation: Internal Controls and Maximization of Federal Funding for CDBG and HOME (Follow-Up) (2023-F-42)
To determine the extent of implementation of the recommendation included in our initial audit report, Housing Trust Fund Corporation: Internal Controls Over and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (Report 2021-S-10).
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-23f42.pdfOpinion 96-4
… not authorize payment of an amount equal to the purchase price to a third party for subsequent distribution to the … approved by the village in the amount of the purchase price less the amount due on closing. Under each of these … a promissory note providing for payment of the purchase price over thirty years secured by an annuity contract …
https://www.osc.ny.gov/legal-opinions/opinion-96-4DiNapoli Releases Economic Report on the Bronx
… The COVID-19 pandemic hit the Bronx harder than any other borough by several measures, … The COVID19 pandemic hit the Bronx harder than any other borough by several measures …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-releases-economic-report-bronxResources and Responsibilities: New York State’s Environmental Funding
… discharges of pollution to State water bodies. Issuing air pollution permits, or registrations, for power plants, factories and other facilities such as dry cleaners that have the potential to emit air pollutants. Managing State wildlife populations and …
https://www.osc.ny.gov/reports/resources-and-responsibilities-new-york-states-environmental-fundingAccounting for Capital Assets
A municipality's inventory of capital assets often represents its most significant investment of resources. This session will cover the proper accounting for these valuable assets. We will also discuss best practices to ensure these assets are properly safeguarded from theft or loss.
https://www.osc.ny.gov/files/local-government/academy/pdf/accounting-capital-assets-110624.pdfState Fiscal Year 2022-23 Enacted Budget Analysis
… including $2.35 billion for the Hudson Tunnel Project, part of the Gateway Program to improve rail … Health Care Facility Transformation Program for capital project grants for eligible health care providers, most of … purpose, New York’s $2.35 billion share of the total project costs. In addition, the Enacted Budget again includes …
https://www.osc.ny.gov/reports/state-fiscal-year-2022-23-enacted-budget-analysisDiNapoli: Buffalo's Financial Condition Improves
… oversight of a fiscal control board and increased state aid, according to a report issued today by State Comptroller … $85 million from sales taxes and $173 million from state aid. The revenue growth allowed the city to build up its … annually) than other cities in New York (4 percent); State aid per capita in 2012 was $664, compared with $573 for other …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-buffalos-financial-condition-improvesDiNapoli: Technology Changing How Local Governments Serve Residents
… Local governments across New York state are turning to new technologies to save money, communicate with residents and allow taxpayers to make payments, according to a report released today by … Local governments across New York state are turning to new technologies to save money communicate with residents …
https://www.osc.ny.gov/press/releases/2019/09/dinapoli-technology-changing-how-local-governments-serve-residentsOpinion 91-51
… governing board (see County Law, §§363-366; cf . Coyne v Stack , 63 AD2d 782, 404 NYS2d 908, involving county charter …
https://www.osc.ny.gov/legal-opinions/opinion-91-51DiNapoli: MTA Faces Worst Financial Crisis in History
… The Metropolitan Transportation Authority (MTA) is facing the greatest crisis in its long history, with … Comptroller Thomas P. DiNapoli’s annual report on the MTA’s finances . “The MTA’s financial condition is dire,” DiNapoli said. “With …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-mta-faces-worst-financial-crisis-historyInvesting and Protecting Public Funds
This session is designed to help local officials understand procedures and policies used to control and account for cash. Presenters will discuss the following: principles and statutes, depositing public funds, securing deposits, investment policies, cash controls and reporting, and cash flow foreca
https://www.osc.ny.gov/files/local-government/academy/pdf/investing-and-protecting-public-funds-01-18-23.pdfOpinion 90-54
… Fund, a member does not have a separate, individual account. Therefore, the Retirement System will not establish a separate account for an alternate payee. The pension funds payable to … Retirement System of the City of New York , 36 NY2d 348, 368 NYS2d 475. In Caravaggio , it was held there could …
https://www.osc.ny.gov/legal-opinions/opinion-90-54New Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes
… If new funding sources for the Metropolitan Transportation Authority (MTA) are not … fell sharply during the first half of 2017 and was on pace for the worst year in 17 years, largely as a result of an … be funded. The MTA is contributing 43 percent of the funds for the 2015-2019 capital program, a much larger share than …
https://www.osc.ny.gov/press/releases/2017/11/new-funding-needed-mta-improvements-prevent-unplanned-fare-and-toll-hikesOpinion 99-16
… to indemnify custodial bank) GENERAL MUNICIPAL LAW, §10: A town may enter into a custodial agreement under which the … in a proposed custodial agreement. You indicate that the town intends to enter into a three party custodial agreement … the Custodian and to hold it harmless against any and all costs, expenses, damages, liabilities or claims, …
https://www.osc.ny.gov/legal-opinions/opinion-99-16