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Carthage Central School District – Financial Condition (2014M-138)
… policies governing the establishment and use of reserve funds, and the balances in two of the funds are higher than necessary. Key Recommendations Develop … estimates for appropriations and unexpended surplus funds. Develop a plan for the use of excess unexpended …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/01/carthage-central-school-district-financial-condition-2014m-138Town of Carlisle – Fund Balance (2017M-106)
… Board. Budgeted appropriations for the general and highway funds for 2017 totaled $827,305. Key Findings The Board has … the Town’s objectives and goals for using the accumulated funds. General fund balance totaled $623,000 at the end of … and acceptable level for fund balances for all Town funds, and adopt a fund balance policy that reflects these …
https://www.osc.ny.gov/local-government/audits/town/2017/11/20/town-carlisle-fund-balance-2017m-106Town of Ellicott – Fiscal Stress (2013M-269)
… the Town’s general town-wide fund’s unexpended surplus funds declined from $169,198 as of January 1, 2010, to a … while the highway part-town fund’s unexpended surplus funds declined from $63,773 to a deficit of $29,228 for the … same period. The general town-wide and highway part-town funds have had operating deficits during the last three …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-ellicott-fiscal-stress-2013m-269Westhampton Beach Union Free School District – Extra-Classroom Activity Funds (2021M-9)
… deposited and used extra-classroom activity (ECA) funds. Key Findings The ECA clubs did not maintain adequate … records. Therefore, we could not determine whether all funds received and disbursed were properly accounted for. … business procedures through participation in handling the funds and operating a successful business, District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2021/04/09/westhampton-beach-union-free-school-district-extra-classroom-activityVillage of Remsen – Clerk-Treasurer’s Records and Reports (2020M-119)
Determine whether the Village of Remsen Village ClerkTreasurer maintained adequate records and reports to allow the Board of Trustees Board to properly manage Village finances
https://www.osc.ny.gov/local-government/audits/village/2021/01/08/village-remsen-clerk-treasurers-records-and-reports-2020m-119Randolph Central School District - Financial Management (2019M-232)
… to comply with the statutory limit and use the excess funds in a manner more beneficial to taxpayers. Return money …
https://www.osc.ny.gov/local-government/audits/school-district/2020/03/06/randolph-central-school-district-financial-management-2019m-232City of Long Beach – Budget Review (B20-7-3)
… deficit in the City’s general fund and certain other funds as of June 30, 2012. Local Finance Law requires all …
https://www.osc.ny.gov/local-government/audits/city/2020/05/13/city-long-beach-budget-review-b20-7-3Friendship Central School District – Fund Balance and Reserves (2022M-55)
… Improperly restricted $246,000 in a debt reserve fund. The funds should be returned to the general fund. Did not develop … for appropriations, appropriated fund balance and reserve funds that will be used to fund operations. Reduce surplus … with the statutory limit. Return improperly restricted funds to general fund surplus fund balance in compliance with …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/22/friendship-central-school-district-fund-balance-and-reserves-2022m-55DiNapoli: State Pension Fund Adds $350 Million to Investment Funds Geared to New York Companies
… is committing another $350 million to two investment funds through its In-State Private Equity Investment Program, … million in the new Hudson River Co-investment Fund IV. The funds make equity co-investments (investments alongside a … New York-based companies. Hamilton Lane will manage the funds. The firm has a 20-year successful track-record …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-state-pension-fund-adds-350-million-investment-funds-geared-new-york-companiesIX.12.O Refunds – IX. Federal Grants
… date the state agency receives the refund to the date the funds are returned to the U.S. Treasury or offset against … the State Treasury for credit to the appropriate federal funds appropriation, but in no event shall this transfer … State agencies that do not remit refunds to the federal funds appropriation on a timely basis will have to separately …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12o-refundsDiNapoli: State Tax Collections Lagging Last Year by $1.2 Billion
… collections are well over estimates." Through June 30, All Funds receipts totaled $37.7 billion, representing a decline … billion or 6.1 percent from the same period last year. All Funds spending totaled $41.1 billion in the first quarter of … federal sources) and education (up $767.1 million). All Funds spending was $1.4 billion below projections, primarily …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-state-tax-collections-lagging-last-year-12-billionDiNapoli Releases August State Cash Report
… earlier. These receipts were $272.4 million lower than the latest projections made in August but $110.6 million higher … million). All Funds spending was $850.5 million below the latest projections, and $1.8 billion below initial … than a year earlier, but $178.6 million higher than the latest projection. For a detailed breakdown, go to …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-releases-august-state-cash-reportDiNapoli Releases January State Cash Report
… date tax collections were $167.9 million higher than the latest projections included in the Third Quarter Update to … percent, from a year earlier. Total receipts exceeded the latest projections by $75.1 million, primarily because of … tax collections which were nearly $120 million over the latest projections. This variance was offset by lower than …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-releases-january-state-cash-reportDiNapoli Releases November State Cash Report
… of nearly $45.2 billion were $23.3 million higher than the latest projections included in the mid-year update to the … All Funds spending was $308.7 million lower than the latest projections, and $603.3 million higher than initial … of $7.5 billion, which was $406.2 million higher than the latest projections from the Mid-Year Update and nearly $2.8 …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-releases-november-state-cash-reportMonitoring and Administration of Public Protection Grant Programs (Follow-Up)
… previous years, some GIVE contracts included confidential funds, which are those paid by law enforcement agencies – … and information. To help establish accountability over the funds and promote their appropriate use, Division contract … language required that grantees that received confidential funds have a record of the signatures of the funds recipient, …
https://www.osc.ny.gov/state-agencies/audits/2021/11/16/monitoring-and-administration-public-protection-grant-programs-followVIII.1.E Operating and Appropriated Transfers – VIII. Accounts Payable Journal Vouchers & General Ledger Journal Entries
… revenue deposit or appropriated expenditures of the funds involved. An appropriated transfer moves monies from … must use account codes 60810 “Operating Transfers to Other Funds” in the sending (debit) journal entry chartstring and 36310 “Transfers from Other Funds” in the receiving (credit) journal entry chartstring. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-viii/viii1e-operating-and-appropriated-transfersNYS Pension Fund Launches Review of Integrated Oil & Gas Companies
… Retirement Fund is one of the largest public pension funds in the United States, with assets of $272.1 billion as … economy New York State Comptroller Thomas P DiNapoli the Funds trustee announced today …
https://www.osc.ny.gov/press/releases/2022/08/nys-pension-fund-launches-review-integrated-oil-gas-companiesOversight of Smart Schools Bond Act Funds (2019-S-13) 180-Day Response
To determine whether the State Education Department is monitoring the use of Smart Schools Bond Act funds to ensure that school districts have appropriately utilized them for their intended purpose.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2020-19s13-response.pdfFederal funds to New York City: Child Care and Development Block Grant
The Child Care and Development Block Grant (CCDBG) (Assistance Listing Number 93.575) is the primary federal program that provides child care assistance to low-income working families.
https://www.osc.ny.gov/files/reports/pdf/federal-funds-to-nyc-child-care-and-development-block-grant.pdfFederal Funds to New York City: Title I Grants to Local Educational Agencies
Title I of the Every Student Succeeds Act of 2015 (ESSA), which amended the Elementary and Secondary Education Act of 1965 (ESEA), distributes federal funding to Local Educational Agencies (LEAs).
https://www.osc.ny.gov/files/reports/pdf/federal-funds-to-nyc-title-I-grants-to-local-educational-agencies.pdf