Search
Debt – 2022 Financial Condition Report
… State Ranks Second Highest in Outstanding Debt Nationwide At the end of SFY 2021-22, the State reported the following … It was sixth highest among all states in debt per capita. At the end of SFY 2021-22, State-Funded debt outstanding per … the State will issue 238 percent more debt than it will retire over the next five years, with: $44.5 billion of new …
https://www.osc.ny.gov/reports/finance/2022-fcr/debtXIV.14.L Asset Retirement Obligations – XIV. Special Procedures
… (i.e., permanent removal from service) of a tangible capital asset. A government that has legal obligations to … future asset retirement activities related to its tangible capital assets should recognize a liability based on GASBS 83. Assets …
https://www.osc.ny.gov/state-agencies/chapter-xiv/xiv14l-asset-retirement-obligationsDiNapoli Audit: ESD Needs To Increase Transparency of Its Real Estate Holdings and Sales of Properties Below Fair Market Value
… the USA Niagara Development Corporation (USAN). Only one of these is reported by ESD to have definitive …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-audit-esd-needs-increase-transparency-its-real-estate-holdings-and-sales-properties-belowEDSS - General Help for All Transactions
… letter attached to the transaction. How do I know if my transaction has been submitted? Your transaction will be in a status of In Progress (OSC). How do I find out if my transaction is Approved or Non-Approved? Your transaction … . What if I receive an email saying that my transaction’s status has been changed to “Additional …
https://www.osc.ny.gov/state-agencies/contracts/edss-general-help-all-transactionsState Comptroller DiNapoli Releases Municipal & School Audits
… reduced surplus fund balance from 19% as of June 30, 2015 to 8% as of June 30, 2023, they consistently appropriated … was not needed and overfunded reserves, primarily through transfers of surplus fund balance. These practices lack … requires purchase contracts that exceed certain thresholds to be competitively bid. In addition, the claims auditor did …
https://www.osc.ny.gov/press/releases/2024/10/state-comptroller-dinapoli-releases-municipal-school-auditsVillage of Hudson Falls – Information Technology (2025M-10)
… adequately secure and protect information technology (IT) systems against unauthorized use, access and loss? Audit … through October 8, 2024 to observe physical security over IT assets at the Village. Understanding the Program Village … managing IT support, monitoring virus protection, network management and other IT-related services. Audit Summary The …
https://www.osc.ny.gov/local-government/audits/village/2025/04/25/village-hudson-falls-information-technology-2025m-10Town of Wawayanda – Financial Operations (2024M-160)
… and the Board-appointed budget officer. The Supervisor is responsible for ensuring that day-to-day financial … journal entries, reconcile the bank accounts and file the mandated Annual Financial Reports (AFRs). The Town’s 2023 … codes other than those prescribed by the New York State Comptroller’s Office (OSC) which limits the Town’s …
https://www.osc.ny.gov/local-government/audits/town/2025/04/25/town-wawayanda-financial-operations-2024m-160Opinion 91-1
… law actually conflict with the State statute ( Albany Area Builders v Town of Guilderland , 74 NY2d 372, 547 NYS2d 627; … for State-wide uniformity in a given area ( Albany Area Builders , supra ). Even where a State statute expressly … 1976 Opns St Comp No. 76-248, unreported; see Associated Builders v City of Rochester , 67 NY2d 854, 501 NYS2d 653; …
https://www.osc.ny.gov/legal-opinions/opinion-91-1Opinion 96-4
… This opinion represents the views of the Office of the State Comptroller at the time it was … issues discussed in the opinion. LOCAL LAWS -- Municipal Funds (disposition of proceeds of sale of property); … moneys held by the third party would be invested in the types of investments authorized by law for the investment of …
https://www.osc.ny.gov/legal-opinions/opinion-96-4Opinion 89-18
… in light of the public policy concerns discussed in that case, it appears that an officer or employee, in certain …
https://www.osc.ny.gov/legal-opinions/opinion-89-18DiNapoli: Coney Island and Brighton Beach Jobs Doubled Over Last Decade
… every year, but for the people who live and work in the area, its strong economic growth is tempered by poverty rates … Alec Brook-Krasny, 46th AD . “Coney Island has the population to attract national chains for year-round growth … Alec Brook-Krasny, 46 th AD . “Coney Island has the population to attract national chains for year-round growth …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-coney-island-and-brighton-beach-jobs-doubled-over-last-decadeLetchworth Central School District - Reserves (2018M-176)
… a more comprehensive written policy and review reserves to determine whether they are necessary and balances are …
https://www.osc.ny.gov/local-government/audits/school-district/2019/01/18/letchworth-central-school-district-reserves-2018m-176Town of Elmira – Audit Follow-Up (2015M-226-F)
… was to assess the Town’s progress, as of July 11, 2016, in implementing our recommendations in the audit report released in January 2016. Background The Town of Elmira is located in …
https://www.osc.ny.gov/local-government/audits/town/2016/11/04/town-elmira-audit-follow-2015m-226-fTown of Queensbury - Water System Cybersecurity (2018M-268)
… disclosure of information on the Town’s water system. In addition, sensitive IT control weaknesses were …
https://www.osc.ny.gov/local-government/audits/town/2019/03/22/town-queensbury-water-system-cybersecurity-2018m-268Local Government Financial Data Release Dates
… Annual financial data tables for each class of local government are made available … 30 These data sets are updated on a quarterly basis for 5 years after the original release date. Data for individual local governments and school districts is …
https://www.osc.ny.gov/local-government/data/local-government-financial-data-release-datesVillage of Farmingdale - Procurement, Claims Audit and Check Signing (2018M-100)
… Village officials did not seek competition for nine of 10 professional service providers paid $733,497. The Board …
https://www.osc.ny.gov/local-government/audits/village/2017/10/26/village-farmingdale-procurement-claims-audit-and-check-signing-2018m-100Town of East Otto - Information Technology (2018M-156)
… a disaster recovery plan or formal backup procedures. In addition, sensitive IT control weaknesses were …
https://www.osc.ny.gov/local-government/audits/town/2018/10/19/town-east-otto-information-technology-2018m-156Audits of Local Governments
… us at [email protected] . For audits of State and NYC agencies and public authorities, see Audits . … Local …
https://www.osc.ny.gov/local-government/auditsRetirement System Membership – En-Con Police Officers Plan
… Police officers and paid firefighters working for employers that participate in the New York State and Local Police and Fire Retirement System (PFRS) must become members of the … Conservation’s Division of Law Enforcement on or after January 1, 1987, coverage in this special plan is …
https://www.osc.ny.gov/retirement/publications/1822/retirement-system-membershipAccounts Payable Advisory No. 46
… invoice does not contain the required information outlined in Guide to Financial Operations (GFO) Chapter XII, Section …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/46-proper-invoice