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Village of Endicott -- Budget Review (B17-4-7)
… fiscal year. Background The Village of Endicott is located in Broome County. Chapter 91 of the Laws of 2004 authorized … to exceed $2 million to liquidate the accumulated deficit in the Villag's general fund as of May 31, 2004. New York … for the next succeeding fiscal year. Key Findings Based on our review, the significant revenue and expenditure …
https://www.osc.ny.gov/local-government/audits/village/2017/04/14/village-endicott-budget-review-b17-4-7XIV.3.B Short Term Investment Pool (STIP) – XIV. Special Procedures
… moneys belonging to any and all funds of the State. The Short Term Investment Pool (STIP) represents a mechanism that … State’s General Checking Account (GCA) for the purposes of short-term investments. This permits investment decisions to … Financial Reporting within OSC publishes the STIP interest rate and total interest earned on a statewide basis. Large …
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)
… the implementation of PCIP, Project IDs will 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 … Activity ID or other chartfields. Budgeting The budget for the project can be for the entire project with child …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix3-project-ids-multiple-funding-sourcesHalf Hollow Hills Community Library - Fund Balance (2018M-127)
… balance. Key Findings The Library’s fund balance policy does not address the maintenance of surplus fund balance, how the Board expects to use surplus funds and the timeframe … our comments on issues raised in the Library’s response letter. … Determine if the Board of Trustees Board …
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)
… 13, 2014. Background The Town of Stockton is located in Chautauqua County and has a population of approximately … The Board has consistently overestimated appropriations in annual budgets. Town officials have not developed a … Reduce the unexpended surplus fund balances in the general and highway town-wide funds and adopt a policy …
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)
… revenue to the town-outside-village funds to reduce the real property tax levies in these funds before allocating any …
https://www.osc.ny.gov/local-government/audits/town/2015/02/13/town-easton-sales-tax-allocation-2014m-355Village of Coxsackie – Financial Condition and Water and Sewer Fund Accountability (2014M-324)
… and its accountability over the water and sewer funds for the period June 1, 2012 through May 31, 2014. Background … elected Mayor and Village Board. Budgeted appropriations for the 2014-15 fiscal year for all operating funds total approximately $3.7 million. Key …
https://www.osc.ny.gov/local-government/audits/village/2015/02/13/village-coxsackie-financial-condition-and-water-and-sewer-fund-accountabilityBolton Central School District – Financial Condition (2013M-58)
… Although the Board adopted budgets that were realistic and supported for revenues, expenditures were consistently and significantly overestimated. In addition, although the … that benefits the taxpayers. Key Recommendations Develop and adopt budgets that include realistic estimates for …
https://www.osc.ny.gov/local-government/audits/school-district/2013/05/31/bolton-central-school-district-financial-condition-2013m-58January 2001: Accounting & Reporting of Expendable and Non-expendable Trusts
… Permanent Fund (PN) 8021 Fund Balance Beginning of Year: $100 $000 8019 Residual Equity transfer: ($100) $100 Adjusted Fund Balance Beginning of Year: $000 $100 The …
https://www.osc.ny.gov/local-government/publications/january-2001-accounting-reporting-expendable-and-non-expendable-trustsDiNapoli: State's Cash Position is Strong
… billion, $119.3 million higher than projected in the latest Financial Plan update but 1.3 percent less than the … Total All Funds receipts of $58.1 billion increased 6.4 percent, or just under $3.5 billion, through Aug. 31, … tax (PIT) collections in April. Total spending of $52.4 billion through the first five months of the fiscal year …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-states-cash-position-strongNYS Common Retirement Fund Reports First Quarter Results
… plans in the nation. The Fund's fiscal year ends March 31. Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… New York State Comptroller Thomas P. DiNapoli today released an … fiduciary and conflict of interest review of the New York State Common Retirement Fund (Fund) that commended the … nsion/NYSCRF_Fiduciary_and_Conflict_of_Interest_Review_2016.pdf About the New York State Common Retirement Fund The New …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingXII.6.O Paying Retainage – XII. Expenditures
… SECTION OVERVIEW AND POLICIES This section provides Business Units with … When processing the voucher, the Business Unit should refer to the appropriate purchase order in two lines: one to … Unit officials in understanding the process. Please refer to the Statewide Financial System Program’s training …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6o-paying-retainageSaranac Central School District – Investment Program (2023M-89)
… audit period, the District had an average of $12.4 million in operating and debt service funds available for investing, and earned $154,099 in investment earnings. Had officials utilized their … were given an opportunity to respond within 30 days in writing to our findings and recommendations but chose not …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/22/saranac-central-school-district-investment-program-2023m-89Town of Ira – Financial Management (2014M-280)
… November 13, 2014. Background The Town of Ira is located in Cayuga County and has a population of approximately 2,200. … Town Board, includes a portion of the Village of Cato in its boundaries. Budgeted appropriations for 2014 totaled … and the level of unexpended surplus funds, resulting in a significant amount of unexpended surplus funds in the …
https://www.osc.ny.gov/local-government/audits/town/2015/02/27/town-ira-financial-management-2014m-280Opinion 91-42
… investment agreements (see 1988 Opns St Comp No. 88-46, p 89), there is no similar statutory authority for a village …
https://www.osc.ny.gov/legal-opinions/opinion-91-42DiNapoli: Tax Collections Exceed Projections Through First Half of Fiscal Year
… Tax collections of $38.2 billion through the first half of the fiscal year were $675.6 million higher than the latest … Thomas P. DiNapoli. The General Fund ended the first half of the year with a balance of $10.7 billion, up 33 percent …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collections-exceed-projections-through-first-half-fiscal-yearLeading the Way on Climate Investment
… change poses significant risks to the Common Retirement Funds investments the economy and a society as a whole but …
https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investmentXI.5 Purchase Authorizations – XI. Procurement and Contract Management
… A copy of the signed signature page will be available for download in the EDSS. It will be the contracting entity’s responsibility to attach …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi5-purchase-authorizationsNYS Comptroller DiNapoli Continues to Hold Corporate America Accountable for Poor Climate Policies
… climate change’s impact and to set meaningful goals for lowering their emissions and using renewable energy … sources,” DiNapoli said. “There is no single magic bullet for addressing climate change, but we are continuing to move … use more renewable energy, increase energy efficiency and report on their efforts to adopt environmentally sustainable …
https://www.osc.ny.gov/press/releases/2019/09/nys-comptroller-dinapoli-continues-hold-corporate-america-accountable-poor-climate-policies