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IX.8.C Payments to the U.S. Treasury and U.S. Department of Education – IX. Federal Grants
… The procedures that follow pertain to the refund or return of federal funds to the U.S. Treasury or U.S. Department of Education due to: Excessive cash balances on deposit that … the award. SINGLE PAYMENT VOUCHER To generate a refund of federal funds by check to the U.S. Treasury or U.S. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8c-payments-us-treasuryIX.12.K Functional Clearance Patterns – IX. Federal Grants
… OSC to develop functional clearance patterns. This is done by compiling data from the SFS and reports received from the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12k-functional-clearance-patternsGlens Falls Common School District - Cash Management (2019M-177)
Determine if District officials maximized interest earnings
https://www.osc.ny.gov/local-government/audits/school-district/2019/11/15/glens-falls-common-school-district-cash-management-2019m-177Moriah Central School District - Cash Management (2019M-65)
… earnings were maximized. Had officials invested idle funds in a financial institution with higher available interest … funds for investment. Ensure idle funds are invested in a manner, within legal limits, to maximize interest …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/14/moriah-central-school-district-cash-management-2019m-65NYS Common Retirement Fund Announces First Quarter Results
… said. "As a long term investor, the fund's performance is best measured by its success over a period of years if not … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's fiscal year ends …
https://www.osc.ny.gov/press/releases/2017/08/nys-common-retirement-fund-announces-first-quarter-resultsTown of Lindley – Financial Management (2012M-226)
… 2009, to August 15, 2012. Background The Town of Lindley is located in Steuben County and has a population of … revenues and overestimated expenditures. As a result, fund balance that was appropriated as a funding source was … funds, respectively. The Board accumulated $117,463 in a reserve fund for highway equipment and $18,606 in an …
https://www.osc.ny.gov/local-government/audits/town/2013/02/22/town-lindley-financial-management-2012m-226Town of Lincoln – Financial Management (2013M-245)
… a population of approximately 2,000. The Town is governed by the Town Board which consists of four elected Board …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-lincoln-financial-management-2013m-245Town of Cayuta – Board Oversight and Cash Receipts and Disbursements (2015M-6)
… Town Board. The Town’s budgeted appropriations for all funds were $357,927 for 2015. Key Findings The 2012 through … Reduce the surplus fund balance in the general and highway funds. If the Board believes it is necessary to accumulate … planned purposes, it should formally establish reserve funds. Other uses for surplus funds include financing …
https://www.osc.ny.gov/local-government/audits/town/2015/08/28/town-cayuta-board-oversight-and-cash-receipts-and-disbursements-2015m-6NYS Common Retirement Fund Reports Third Quarter Results
… for the three-month period ending Dec. 31, 2021, according to New York State Comptroller Thomas P. DiNapoli. It ended … will ensure our members and their beneficiaries continue to have secure pensions for generations to come.” The Fund's estimated value reflects benefits of …
https://www.osc.ny.gov/press/releases/2022/02/nys-common-retirement-fund-reports-third-quarter-resultsUse of Federal Funding for Election Technology and Security
… the 2018 Help America Vote Act Election Security Grant to enhance the security of the State’s election technology and … (HAVA Security Grant) available to help states improve and enhance election administration, technology, and security at … utilized available funding from its HAVA Security Grant to enhance the State’s election technology and infrastructure. …
https://www.osc.ny.gov/state-agencies/audits/2021/09/17/use-federal-funding-election-technology-and-securityCity of Olean – Budget Review (B18-1-1)
… of Budget Review The purpose of our budget review was to determine whether the significant revenue and expenditure … in Cattaraugus County, issued debt totaling $4,300,000 to liquidate the accumulated deficit in the City’s general, … requires all local governments that have been authorized to issue obligations to fund operating deficits to submit …
https://www.osc.ny.gov/local-government/audits/city/2018/03/19/city-olean-budget-review-b18-1-1DiNapoli Releases July State Cash Report
… settlements since the state budget was enacted, according to the July cash report released today by New York State … for the time being,”DiNapoli said. “State leaders need to openly discuss responsible and accountable ways to maximize the benefit of this one-time settlement revenue. …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-releases-july-state-cash-reportDiNapoli Releases December State Cash Report
… billion, or 2.2 percent, from the same period last year to $53.2 billion and were $29.9 million lower than mid-year Financial Plan projections, according to the state cash report issued today by State Comptroller … December. "Overall tax collections in December were close to reduced estimates from the mid-year financial plan update, …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-releases-december-state-cash-reportNational School Lunch, Breakfast Programs – Federal Funding and New York
… of funds. Impact In FY 2025, the DOE’s school food budget is about $620 million of which 92 percent is federally … daily, up 3 percent compared to FY 2023 (see Figure 2). In total there were 1,058,100 eligible students in FY 2024 … $ 569.7 Note: Numbers may not add due to rounding Sources: NYC Office of Management and Budget; OSC analysis FIGURE 2 – …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/national-school-lunch-breakfast-programsDiNapoli Releases School Audits
… announced his office completed audits of the Brighter Choice Charter Middle School for Boys , Brighter Choice Charter Middle School for Girls , Frewsburg Central …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-releases-school-auditsDiNapoli: Federal Data Shows New York's Losses in Fourth Grade Math and Reading Scores Are Double National Average
… New York State Comptroller Thomas P. DiNapoli today released … math proficiency rates from 24% to 18%. The Executive Budget proposes $42.1 billion in combined state and federal …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-federal-data-shows-new-yorks-losses-fourth-grade-math-and-reading-scores-are-double-nationalDiNapoli Releases Analysis of Federal Funding for New York City
… said. “To better inform taxpayers and policymakers, my office has examined the largest federal grants the city …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-releases-analysis-federal-funding-new-york-cityUlster County – Financial Condition (2014M-27)
… Closely monitor the level of unexpended surplus funds in the general fund and ensure that budgets are structurally …
https://www.osc.ny.gov/local-government/audits/county/2014/05/09/ulster-county-financial-condition-2014m-27II.4.B Basis of Accounting – II. New York State Financial Accounting
… The State prepares financial statements on three bases of accounting: cash, modified accrual and accrual. Financial … functions are financed). Under GAAP, the accrual basis of accounting shall be used for the government-wide financial … funds, component units and fiduciary funds. The cash basis of accounting is used for budgetary purposes. For additional …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4b-basis-accountingVillage of Greenwich - Cash Management (2019M-230)
… rates, interest earnings could have been increased by approximately $42,200 during the audit period. Key …
https://www.osc.ny.gov/local-government/audits/village/2020/04/17/village-greenwich-cash-management-2019m-230