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Monitoring 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-followDiNapoli: 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: Former Alexandria Town Clerk Pleads Guilty in Theft
… in Jefferson County Court to stealing $26,285 in public funds. Peck pocketed cash paid by residents for fines, fees … The investigation and audit found that Peck, who collected funds for the town of Alexandria and the village of … in Jefferson County Court to stealing $26285 in public funds …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-former-alexandria-town-clerk-pleads-guilty-theftTown of Wawarsing - Financial Oversight of Select Activities (2018M-239)
… activities to properly account for and safeguard Town funds. Key Findings The Board did not provide proper … activities to properly account for and safeguard Town funds …
https://www.osc.ny.gov/local-government/audits/town/2019/06/28/town-wawarsing-financial-oversight-select-activities-2018m-239School of Professional Studies – Controls Over Bank Accounts
… whether there was fraud, waste, or abuse in the use of funds held in its bank accounts. Background The City … were for Tuition and Fees, School Depository, Tax Levy funds, and the CUNY SPS Foundation. Key Findings We found a … whether there was fraud waste or abuse in the use of funds held in its bank accounts …
https://www.osc.ny.gov/state-agencies/audits/2015/06/02/school-professional-studies-controls-over-bank-accountsOpinion 89-56
… this proposed incentive payment constitutes a gift of town funds in violation of Article VIII, §1 of the State … this proposed 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
… accounting and administrative requirements for the federal funds it receives and disburses. Many of these requirements … of information relating to the status of federal grant funds. The federal award and Assistance Listing Number (ALN) … accounting and administrative requirements for the federal funds it receives and disburses …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix11a-single-audit-act-accounting-and-reporting-requirementsHalf Hollow Hills Community Library - Fund Balance (2018M-127)
… surplus fund balance, how the Board expects to use surplus funds and the timeframe for doing so. As of 2016-17 fiscal … and the Library has no plan for the use of these surplus funds. Key Recommendations Amend the Library’s policy to address the maintenance of surplus funds, how they will be used and the timeframe for doing so. …
https://www.osc.ny.gov/local-government/audits/library/2018/11/09/half-hollow-hills-community-library-fund-balance-2018m-127Town of Stockton – Financial Management (2014M-90)
… adopt a policy to address the level of unexpended surplus funds; as a result, the general and highway town-wide funds have accumulated an excessive amount of unexpended surplus funds. The Board has consistently overestimated …
https://www.osc.ny.gov/local-government/audits/town/2014/09/12/town-stockton-financial-management-2014m-90Town of Easton – Sales Tax Allocation (2014M-355)
… not allocate sales tax revenue to the town-outside-village funds to reduce the real property tax levies in these funds before allocating any remaining sales tax revenue to the town-wide funds, resulting in taxpayer inequities of approximately …
https://www.osc.ny.gov/local-government/audits/town/2015/02/13/town-easton-sales-tax-allocation-2014m-355NYS 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-companiesVIII.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-transfersBurnt Hills-Ballston Lake Central School District – Employee Benefit Plan Forfeited Funds (2023M-88)
audit, school, burnt hills-ballston lake
https://www.osc.ny.gov/files/local-government/audits/2023/pdf/burnt-hills-ballston-lake-central-school-district-2023-88.pdfAs Personal Income Tax Checkoffs Increase in Number, Disbursements Lag for Most Funds
Of the 42 states that impose a personal income tax, nearly all allow taxpayers to make charitable contributions through checkoffs on their personal income tax (PIT) returns.
https://www.osc.ny.gov/files/reports/pdf/tax-checkoffs-2024.pdfClinton-Essex-Warren-Washington Board of Cooperative Education Services – Employee Benefit Plan Forfeited Funds (2022M-31)
Determine whether Clinton-Essex-Warren-Washington BOCES officials ensured the third-party administrator returned forfeited funds from the health flexible spending arrangement, dependent care assistance program and health reimbursement arrangement in a timely manner.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/ceww-boces-2022m-31.pdfCity of Glens Falls – Financial Condition (2013M-150)
… stress at this time, the low levels of unexpended surplus funds in the general fund and declining balances in the water … fund and the declining balances in the water and sewer funds. The budget is continually monitored throughout the … Closely monitor the level of unexpended surplus funds in the general fund and continue to ensure that budgets …
https://www.osc.ny.gov/local-government/audits/city/2013/08/02/city-glens-falls-financial-condition-2013m-150XIV.3.B Short Term Investment Pool (STIP) – XIV. Special Procedures
… and keep invested all moneys belonging to any and all funds of the State. The Short Term Investment Pool (STIP) … and disbursements AND the pooling of cash assets of the funds within the State’s General Checking Account (GCA) for … be compared with a money market fund, with the individual funds investing moneys not needed for day-to-day activities …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3b-short-term-investment-pool-stipXIX.3 Project IDs with Multiple Funding Sources – XIX. Project Costing (PCIP)
… be required for any project that is funded with Capital funds and are still required for any project that is funded with Federal funds. This concept also supports concepts such as state … a budget line with Project ID and Activity ID with Federal funds and also enter a budget line with the same Project ID …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix3-project-ids-multiple-funding-sourcesVillage of Endicott -- Budget Review (B17-4-7)
… the tentative budget for the general, electric and parking funds are reasonable. The water and sewer funds' tentative budgets are not balanced and include a … by adjusting the rate structure in the water and sewer funds. Therefore, those funds are not projected to incur …
https://www.osc.ny.gov/local-government/audits/village/2017/04/14/village-endicott-budget-review-b17-4-7