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Selected Financial Management Practices
… 26, 2014. Background The Hudson River Park Trust (Trust) is a public benefit corporation authorized under the Hudson … employees and 11 part-time and seasonal workers. The Trust is financially self-sustaining. All revenues generated within …
https://www.osc.ny.gov/state-agencies/audits/2014/12/26/selected-financial-management-practicesNew York’s Economy and Finances in the COVID-19 Era (April 16, 2021)
… million. The Office of the State Comptroller estimates the change may affect approximately 123,000 filers, more than …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-april-16-2021DiNapoli Releases Municipal Audits
… spending, the state's 150,000 contracts, billions in state payments and public authority data. Visit the …
https://www.osc.ny.gov/press/releases/2019/03/dinapoli-releases-municipal-auditsCity of Yonkers – Budget Review (B24-6-7)
… the real property tax assessment on a given property to reduce its assessment. The City has likely underestimated …
https://www.osc.ny.gov/local-government/audits/city/2024/07/12/city-yonkers-budget-review-b24-6-7Capital One Bank Accounts
… benefit corporation providing transportation services in and around the New York City metropolitan area. The MTA is … by a property management consultant hired by the MTA in connection with acquisition of certain properties required …
https://www.osc.ny.gov/state-agencies/audits/2014/01/27/capital-one-bank-accountsVillage of Leicester – Financial Management (2025M-7)
… fund balance? Audit Period June 1, 2021 – January 16, 2025 Understanding the Program A key measure of a village’s … because it is available for appropriation to reduce taxes, fund one-time expenditures and other uses. The Board … primarily by rental and interest income, real property taxes, State aid and sales tax, while the water fund is …
https://www.osc.ny.gov/local-government/audits/village/2025/05/09/village-leicester-financial-management-2025m-7State Comptroller DiNapoli and Ulster County Executive Metzger Announce Findings of Gulnick Investigation
… after coming into office that the County's long-time top finance official was accused of pilfering funds from …
https://www.osc.ny.gov/press/releases/2024/11/state-comptroller-dinapoli-and-ulster-county-executive-metzger-announce-findings-gulnickTown of Bovina – Internal Controls Over Cash Receipts and Disbursements (2012M-237)
… October 15, 2012. Background The Town of Bovina is located in Delaware County and has a population of 630 residents. The Town is governed by an … Thoroughly document the annual audit process in the Board minutes. … Town of Bovina Internal Controls Over …
https://www.osc.ny.gov/local-government/audits/town/2013/02/22/town-bovina-internal-controls-over-cash-receipts-and-disbursements-2012m-237Town of Almond - Tax Collection (2019M-188)
Determine whether the Town Clerk (Clerk) recorded, deposited and remitted real property tax collections in a timely and accurate manner.
https://www.osc.ny.gov/files/local-government/audits/pdf/almond-2019-188.pdfLyncourt Union Free School District – Financial Condition (2016M-62)
… Purpose of Audit The purpose of our audit was to assess the District’s financial condition for the period July 1, … unrestricted fund balance is in compliance with the Real Property Tax Law statutory limits and reduce the amount …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/01/lyncourt-union-free-school-district-financial-condition-2016m-62Village of Nelsonville – Financial Operations (2012M-242)
… Purpose of Audit The purpose of our audit was to examine the Board’s financial oversight activities for the period … 2012-13 fiscal year were $531,000 funded primarily with real property taxes and State aid. Key Findings The Board …
https://www.osc.ny.gov/local-government/audits/village/2013/03/29/village-nelsonville-financial-operations-2012m-242Town of Argyle – Town Clerk and Budgeting (2012M-231)
… Purpose of Audit The purpose of our audit was to review internal controls over the Clerk’s office and the Town’s budgeting practices for the … personal items totaling $8,347, did not deposit fees and real property taxes in a timely manner, and did not remit …
https://www.osc.ny.gov/local-government/audits/town/2013/03/11/town-argyle-town-clerk-and-budgeting-2012m-231DiNapoli: NYC’s Tech Boom Partially Offset City's Pandemic Job Losses
… grew, and the number of companies and jobs has soared. For the tech sector’s continued success, the city and state … design is the largest subsector of tech in New York City, accounting for almost 40% of tech sector employment in 2021. … out of all sectors with over 2,000 employees. Impact on Real Estate: By 2020, technology, advertising, media and …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nycs-tech-boom-partially-offset-citys-pandemic-job-lossesVillage of Morris – Fund Balance (2017M-58)
… known trends. Ensure that the contingency budget line does not exceed the maximum allowable amount in both the …
https://www.osc.ny.gov/local-government/audits/village/2017/06/09/village-morris-fund-balance-2017m-58Village of Fleischmanns – Financial Condition and Clerk-Treasurer’s Duties (2017M-30)
… Purpose of Audit The purpose of our audit was to assess the Village’s financial condition and the Clerk-Treasurer’s … Continue to actively pursue collections for outstanding real property taxes and water rents. Audit, or provide for an …
https://www.osc.ny.gov/local-government/audits/village/2017/06/23/village-fleischmanns-financial-condition-and-clerk-treasurers-duties-2017m-30Hunter-Tannersville Central School District – Financial Condition (2013M-376)
… Purpose of Audit The purpose of our audit was to assess the School District’s financial condition for the period July … unappropriated fund balance is in compliance with Real Property Tax statutory limits. Closely monitor the …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/21/hunter-tannersville-central-school-district-financial-condition-2013m-376Town of Putnam – Accounting Records and Reports (2022M-188)
… complete report – pdf] Audit Objective Determine whether the Town of Putnam (Town) Town Supervisor (Supervisor) … and timely financial records and reports. Key Findings The Supervisor did not maintain the Town’s accounting records … the Town’s accounting records were not reliable. Real property tax revenues were overstated by a total of …
https://www.osc.ny.gov/local-government/audits/town/2023/03/10/town-putnam-accounting-records-and-reports-2022m-188Village of Nichols – Financial Condition (2013M-50)
… Purpose of Audit The purpose of our audit was to review the Village’s financial condition for the period … of $89,500 for increased water costs and major flood damage. Because the Village has a very small tax base, and … State aid for the reimbursement of emergency disaster work due to the flooding. Key Recommendations Develop realistic …
https://www.osc.ny.gov/local-government/audits/village/2013/06/07/village-nichols-financial-condition-2013m-50Valhalla Union Free School District – Financial Condition (2015M-333)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial condition for the period July 1, 2013 through September 30, 2015. … excess reserve funds to unrestricted fund balance, where allowed by law, or to other, necessary reserves …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/25/valhalla-union-free-school-district-financial-condition-2015m-333Lowville Academy and Central School District – Financial Condition (2015M-220)
… Lowville Academy and Central School District is located in the Towns of Denmark, Greig, Harrisburg, Lowville, … New Bremen, Pinckney, Turin, Watson and West Turin in Lewis County. The District, which operates one school with …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/27/lowville-academy-and-central-school-district-financial-condition-2015m