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DiNapoli: Lagging Ridership Leaves MTA With Hard Choices, Must Adjust to Changing Demand

… state or federal aid, the MTA is facing stark options for closing its budget gaps that will impact riders. The MTA … covered 51.1% of MTA’s overall operating costs (52.8% for NYC Transit). As of May 2022, fares covered just 31.9% of … from the MTA’s funding partners or substantial increases in ridership. Additionally, MTA must prioritize its …

https://www.osc.ny.gov/press/releases/2022/07/dinapoli-lagging-ridership-leaves-mta-hard-choices-must-adjust-changing-demand

DiNapoli: Town of Altona Official Misused $23,500

… between 2009 and 2013, town officials could not account for all moneys remitted to the bookkeeper and ensure they … revealed: The bookkeeper allowed checks to remain on hand for weeks or months before deposit, including five …

https://www.osc.ny.gov/press/releases/2014/05/dinapoli-town-altona-official-misused-23500

Local Sales Tax Collections up 10.2% in Third Quarter of 2022

… initiative, search millions of state and local government financial records, track state contracts, and find commonly …

https://www.osc.ny.gov/press/releases/2022/10/local-sales-tax-collections-up-10-point-2-percent-in-third-quarter-2022

DiNapoli: Former West Carthage Housing Authority Executive Director Sentenced in Embezzlement Scheme; Over $48,000 in Restitution Recovered

… Executive Director Jan Hoffman was sentenced yesterday for a scheme that allowed her to steal over $48,000 in WCHA … S. Mills, the HUD Inspector General, and the State Police for partnering with my office to hold them accountable for their crimes.” “The defendants took advantage of their …

https://www.osc.ny.gov/press/releases/2024/08/dinapoli-former-west-carthage-housing-authority-executive-director-sentenced-embezzlement-scheme-over

DiNapoli: Florida Man Charged with Stealing Nearly $80,000 in Pension Benefits Issued to His Deceased Father

… man was charged with grand larceny and identity theft for allegedly accepting, withdrawing and spending nearly … My thanks to Nassau County District Attorney Donnelly for her partnership with my investigative team. We will … an unnecessary burden on resources that provide security for hundreds of thousands of retirees and their …

https://www.osc.ny.gov/press/releases/2024/11/dinapoli-florida-man-charged-stealing-nearly-80000-pension-benefits-issued-his-deceased-father

DiNapoli: State Pension Fund Will Vote Against Board Members at Corporations With No Women Directors

… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (the Fund) plans to … at companies that have no women on their boards. In situations where a company has just one woman on its … companies to formally include gender and racial diversity in their considerations of board candidates. "It is …

https://www.osc.ny.gov/press/releases/2018/03/dinapoli-state-pension-fund-will-vote-against-board-members-corporations-no-women-directors

Town of East Greenbush – Justice Court Operations (2016M-60)

… The Town of East Greenbush is located in Rensselaer County and has a population of approximately 16,500. The Town, which … in 2014 totaled approximately $598,000 for fines, fees and surcharges and $42,000 for bail. Key Findings Court personnel did not …

https://www.osc.ny.gov/local-government/audits/justice-court/2016/05/06/town-east-greenbush-justice-court-operations-2016m-60

City of Jamestown – Financial Condition (2016M-298)

… to review the City’s financial condition for the period January 1, 2012 through August 19, 2016. Background The City …

https://www.osc.ny.gov/local-government/audits/city/2016/09/30/city-jamestown-financial-condition-2016m-298

Chenango Valley Central School District -- Budget Review (B18-4-3)

… Purpose of Budget Review The purpose of our budget review was to provide an independent evaluation of the District’s proposed budget for the 2018-19 fiscal …

https://www.osc.ny.gov/local-government/audits/school-district/2018/04/06/chenango-valley-central-school-district-budget-review-b18-4-3

Patchogue-Medford Union Free School District – Budget Review (B17-7-2)

… the significant revenue and expenditure projections in the District's proposed budget for the 2017-18 fiscal year are … reasonable. Background The Patchogue-Medford Union Free School, located in Suffolk County, is authorized to issue … for this budget review. … PatchogueMedford Union Free School District Budget Review B1772 …

https://www.osc.ny.gov/local-government/audits/school-district/2017/03/09/patchogue-medford-union-free-school-district-budget-review-b17-7-2

Campbell-Savona Central School District - Budget Review (B2-15-10)

… the significant revenue and expenditure projections in the District’s tentative budget for the 2015-16 fiscal year are reasonable. Background The Campbell-Savona Central School District was authorized to issue debt totaling …

https://www.osc.ny.gov/local-government/audits/school-district/2015/04/15/campbell-savona-central-school-district-budget-review-b2-15-10

Schuyler Lake Fire District – Financial Activities (2022M-191)

… update documents (AUDs) for fiscal years 2015 through 2021 . As a result, as of July 31, 2022, the AUDs were between 152 and …

https://www.osc.ny.gov/local-government/audits/fire-district/2023/02/10/schuyler-lake-fire-district-financial-activities-2022m-191

Monroe-Woodbury Central School District – Budget Review (B6-13-6)

… expenditure estimates in the District’s proposed budget for the 2013-14 fiscal year are reasonable. Background … fund operating deficits to submit their tentative budgets for the next fiscal year to the State Comptroller for review while the deficit obligations are outstanding. Key …

https://www.osc.ny.gov/local-government/audits/school-district/2013/04/12/monroe-woodbury-central-school-district-budget-review-b6-13-6

East Moriches Union Free School District -- Budget Review (B17-7-4)

… review was to provide an independent evaluation of the District’s proposed budget for the 2017-18 fiscal year. Background The East Moriches Union Free School District is located in Suffolk County. Pursuant to …

https://www.osc.ny.gov/local-government/audits/school-district/2017/04/05/east-moriches-union-free-school-district-budget-review-b17-7-4

Chenango Valley Central School District -- Budget Review (B17-4-5)

… independent evaluation of the District’s proposed budget for the 2017-18 fiscal year. Background The Chenango Valley … or school district is authorized to issue obligations and for each subsequent fiscal year during which the deficit obligations are outstanding, their proposed budget for the next succeeding fiscal year. Key Finding We found …

https://www.osc.ny.gov/local-government/audits/school-district/2017/04/07/chenango-valley-central-school-district-budget-review-b17-4-5

DiNapoli Tracks State and City Spending Related to Asylum Seekers

… tool to monitor emergency spending related to assistance for asylum seekers by New York state and New York City. State … million in State Fiscal Year (SFY) 2023-24 on resources for asylum seekers through Sept. 30. New York City’s … “New York City and state are facing substantial costs for helping people seeking refuge in this country and needing …

https://www.osc.ny.gov/press/releases/2023/10/dinapoli-tracks-state-and-city-spending-related-asylum-seekers

Fabius-Pompey Central School District – Budget Review (B3-14-5)

… expenditure projections in the District’s tentative budget for the 2014-15 fiscal year are reasonable. Background The … fund operating deficits to submit their tentative budgets for the next fiscal year to the State Comptroller for review while the deficit obligations are outstanding. Key …

https://www.osc.ny.gov/local-government/audits/school-district/2014/04/08/fabius-pompey-central-school-district-budget-review-b3-14-5

XVI.2 Financial Reporting Policies – XVI. Financial Reporting

… Section 8 of the State Finance Law requires the Comptroller to prepare … financial reports in accordance with GAAP. GASB Statements and Interpretations are the main sources for GAAP guidance. … Note that in December 2010, the GASB issued Statement 62, Codification of Accounting and Financial …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi2-financial-reporting-policies