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Legal Aid Society
… estate rentals and found Legal Aid spent these AFC program funds appropriately.However, we found Courts overpaid Legal … appropriately reconcile fringe benefits at year end, moved funds in every non-personal services budget category without … and/or unreconciled expenses or the unapproved movement of funds between budget categories. Had Courts exercised the …
https://www.osc.ny.gov/state-agencies/audits/2015/08/26/legal-aid-societyDiNapoli Releases Report on Tax Check-Off Donations
… New York state’s 25 personal income tax (PIT) check-off funds that were eligible to receive contributions saw a … large amounts of money were being collected in various funds but not being spent on the intended purposes in a timely manner. The report released today found that 14 funds had higher balances than in the prior year and that …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-releases-report-tax-check-off-donationsComptroller DiNapoli Announces $50 Million Toward Small Business Relief, Job Retention
… Fund have a long relationship with Pursuit having provided funds for business loans to help more than 1,000 qualifying … a large portion of the existing available loan program funds to address the immediate crisis. Additionally, the Fund …
https://www.osc.ny.gov/press/releases/2020/04/comptroller-dinapoli-announces-50-million-toward-small-business-relief-job-retentionDiNapoli Releases December State Cash Report
… projected when the budget was enacted. Spending from All Funds through Dec. 31 was up by 5.3 percent from a year … in the General Fund (including transfers from other funds) totaled $50.3 billion through the first three … focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-releases-december-state-cash-reportComptroller DiNapoli Releases Municipal Audits
… unplanned operating deficits in its water and sewer funds for the last two years. These deficits were caused by … the year. The budgets in both the water and sewer funds were not based on realistic revenues and water and … not allocate sales tax revenue to the town-outside-village funds to reduce the real property tax levies in these funds …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-releases-municipal-audits-0State Comptroller DiNapoli Releases School District Audits
… District – Extra-Classroom Activity (ECA) and Scholarship Funds (Chautauqua County) ECA and scholarship funds were not properly accounted for and appropriately used. … lack of written policies and procedures for scholarship funds allowed the former treasurer to use funds donated for …
https://www.osc.ny.gov/press/releases/2022/03/state-comptroller-dinapoli-releases-school-district-auditsMonitoring and Administration of Public Protection Grant Programs
… law enforcement agencies in the 17 counties that account for about 85 percent of violent crime – such as aggravated … New York City. GIVE contracts may include amounts for confidential funds, which are paid – generally in cash – to confidential informants for tips and information. Contract language requires grantees …
https://www.osc.ny.gov/state-agencies/audits/2020/04/24/monitoring-and-administration-public-protection-grant-programsCity of Amsterdam – Budget Review (B20-5-8)
… the City’s general, transportation, sewer and recreation funds accumulated as of June 30, 2018. On June 25, 2020, the … The adopted budgets for the general and recreation funds are not structurally balanced because they include subsidies from other funds to finance their operations. The adopted budget …
https://www.osc.ny.gov/local-government/audits/city/2020/09/25/city-amsterdam-budget-review-b20-5-8Ulster County – Financial Condition (2014M-27)
… states that fund balance should be maintained at 5 to 10 percent of current operating expenditures. Key …
https://www.osc.ny.gov/local-government/audits/county/2014/05/09/ulster-county-financial-condition-2014m-27Town of Moriah - Cash Management (2019M-169)
… were maximized. Had the Supervisor invested available funds in a financial institution with higher available … monthly cash flow forecasts that estimate available funds for investment. Ensure available funds are invested in a manner, within legal limits, to …
https://www.osc.ny.gov/local-government/audits/town/2019/11/27/town-moriah-cash-management-2019m-169Village of Greenwich - Cash Management (2019M-230)
… earnings were maximized. Had officials invested available funds in a financial institution with higher available … monthly cash flow forecasts that estimate available funds for investment. Ensure available funds are invested within legal limits, to maximize interest …
https://www.osc.ny.gov/local-government/audits/village/2020/04/17/village-greenwich-cash-management-2019m-230II.4.B Basis of Accounting – II. New York State Financial Accounting
… on the modified accrual basis for the governmental funds (those through which most governmental functions are … for the government-wide financial statements, proprietary funds, component units and fiduciary funds. The cash basis of accounting is used for budgetary …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4b-basis-accountingState Comptroller DiNapoli Adds $3 Billion to the State Pension Fund’s Sustainable Investment Program
… Tom DiNapoli, as a leader of one of the largest pension funds, continues to heed that call and set the bar higher," … billion increase to the New York State Common Retirement Funds Fund Sustainable Investment Program raising its total …
https://www.osc.ny.gov/press/releases/2018/12/state-comptroller-dinapoli-adds-3-billion-state-pension-funds-sustainable-investment-programMattituck-Cutchogue Union Free School District – Financial Condition (2013M-322)
… stay within the year-end statutory limit for unrestricted funds, District officials transferred moneys to the … a policy or plan for accumulating and using reserves funds and District officials did not provide any calculations … used. District officials incorrectly reported the reserve funds’ cash balances as "unrestricted" rather than …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/24/mattituck-cutchogue-union-free-school-district-financial-condition-2013mNYS Common Retirement Fund Announces Second Quarter Results
… March 31, 2018. … The New York State Common Retirement Funds Fund overall return in the second quarter of the state …
https://www.osc.ny.gov/press/releases/2017/11/nys-common-retirement-fund-announces-second-quarter-resultsNYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… investments including direct holdings and co-mingled funds in Russian companies. About the New York State Common … Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-reviewIX.6.E Education Department - G5 System – IX. Federal Grants
… monitoring, and final closeout of the grant award. The UEI number for each state agency functions as an account on G5. Therefore, each … is required to register their UEI and the State’s Tax Identification Number (TIN) with the System for Award …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6e-education-department-g5-systemTown of Deerfield – Financial Management and Fuel Inventory (2012M-253)
… and/or accumulated excessive amounts of unexpended surplus funds in the general fund and the water and sewer districts … plan or establish reserves to ensure unexpended surplus funds are used as intended. Prior to May 2012, the Highway … balance policy governing the level of unexpended surplus funds to be maintained in its operating funds. Develop a …
https://www.osc.ny.gov/local-government/audits/town/2013/03/15/town-deerfield-financial-management-and-fuel-inventory-2012m-253Sustainable Investments and Climate Solutions Program
… strategies, green bonds, clean and green infrastructure funds, as well as Leadership in Energy and Environmental Design (LEED) certified real estate funds. The Fund also assesses how managers account for ESG …
https://www.osc.ny.gov/common-retirement-fund/sustainable-investments-and-climate-solutions-programCity of Amsterdam – Budget Review (B24-5-5)
… the City’s general, transportation, sewer and recreation funds accumulated as of June 30, 2018. Additionally, Chapter … The proposed budgets for the general and recreation funds are not structurally balanced because they include subsidies from other funds to finance their operations. We project that the …
https://www.osc.ny.gov/local-government/audits/city/2024/05/13/city-amsterdam-budget-review-b24-5-5