Search
DiNapoli Releases July State Cash Report
… $792 million from the General Fund to Capital Projects funds, up $566.9 million from the same period last year. In … projection for General Fund transfers to Capital Projects funds this year by $651 million and indicated these … 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/2016/08/dinapoli-releases-july-state-cash-reportDiNapoli Releases April State Cash Report
… the financial plan going forward. Through April 30, All Funds receipts totaled $12.1 billion, a decline of $845.1 … the filing of their federal and state tax returns. All Funds spending totaled $11.7 billion through the first month, … 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/2017/05/dinapoli-releases-april-state-cash-reportProcurement Practices
… contracting practices provide sufficient assurance that funds are spent appropriately, are in the best interest of … of its mission, Buffalo spent nearly $330 million in State funds on procurements between April 2016 and September 2018. … contracting practices provide sufficient assurance that funds …
https://www.osc.ny.gov/state-agencies/audits/2019/10/03/procurement-practicesOversight of the Supported Housing Program – Rehabilitation Support Services, Inc.
… that Rehabilitation Support Services, Inc. (RSS) expended funds appropriately and provided the required services under … ensuring that Rehabilitation Support Services Inc expended funds appropriately and provided required services …
https://www.osc.ny.gov/state-agencies/audits/2017/05/04/oversight-supported-housing-program-rehabilitation-support-services-incXV.15 Fund Classification Manual – XV. End of Year
… throughout the year to reflect changes made to various funds pursuant to legislation. Guide to Financial Operations … throughout the year to reflect changes made to various funds pursuant to legislation …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv15-fund-classification-manualXV.14 Federal Admin Recoveries – XV. End of Year
… authorization authority for Federal Transfers to Other Funds (Source 9’s) lapses on the last day of the state fiscal … information relating to Federal Transfers to Other Funds, see Chapter IX, Section 9.B - Transfers to Other Funds …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv14-federal-admin-recoveriesIX.12.G Check Clearance Patterns – IX. Federal Grants
… each day after the state makes a disbursement of federal funds. That is, the clearance pattern reflects how those … owed to the Federal Government for the time that federal funds are held in state bank accounts. Guide to Financial … each day after the state makes a disbursement of federal funds …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12g-check-clearance-patternsOpinion 95-12
… -- Powers and Duties (authority to deposit or invest funds with a State or federally chartered savings bank) MUNICIPAL FUNDS -- Deposits and Investments (authority to deposit or … development agency (IDA) may deposit or invest their funds with a State or federally chartered savings bank. …
https://www.osc.ny.gov/legal-opinions/opinion-95-12Deposit Central School District - Financial Condition (2018M-204)
Determine whether District officials took action to effectively manage the financial condition of the general and cafeteria funds.
https://www.osc.ny.gov/files/local-government/audits/pdf/deposit.pdfComptroller DiNapoli Releases Municipal Audits
… accumulated over $1.2 million in five separate reserve funds. Town of Knox – Internal Controls Over Payroll (Albany … levy limit. Plymouth Volunteer Fire Department – Missing Funds (Chenango County) The board did not adequately … misappropriated approximately $17,500 of department funds from February 2011 through August 2013. Town of …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-releases-municipal-audits-1Comptroller DiNapoli, A.G. Schneiderman & DOI Commissioner Peters Announce The Sentence of Non-Profit Executive In Theft Scheme
… expenses related to various Angeldocs programs, primarily rental space for the programs. Ogundu diverted nearly all of …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-ag-schneiderman-doi-commissioner-peters-announce-sentence-non-profit-executiveOpinion 88-46
… in the opinion. MUNICIPAL COOPERATION -- Municipal Funds (cooperative investments) MUNICIPAL FUNDS -- Deposits and Investments (as cooperative activity) … may, on a cooperative basis, temporarily invest unneeded funds in instruments and obligations in which all the …
https://www.osc.ny.gov/legal-opinions/opinion-88-46Town of Butternuts – Accounting and Reporting (2016M-323)
… for 2016 for the town-wide and town-outside-village funds totaled approximately $1.3 million. Key Findings The … accounting records resulting in misstatements in several funds. Key Recommendations Adopt budgets which include the … Properly record the separate cash balances of different funds that are commingled in one bank account. … The purpose …
https://www.osc.ny.gov/local-government/audits/town/2016/11/25/town-butternuts-accounting-and-reporting-2016m-323Greenville Fire District – Capital Reserve (2014M-64)
… 2013 were $569,444. Key Findings The District accumulated funds in its capital reserve in excess of the amount … the reasonableness of amounts accumulated in reserve funds. If new equipment is not purchased, develop a plan for use of the surplus funds. … Greenville Fire District Capital Reserve 2014M64 …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/05/16/greenville-fire-district-capital-reserve-2014m-64Village of Fort Ann – Financial Condition (2014M-197)
… approximately $219,000 for the general, water and sewer funds. Key Findings The Board consistently appropriated … overestimated expenditures for the water and sewer funds with the intention of increasing the levels of fund … actual amount available. Ensure that the water and sewer funds’ budgets contain realistic appropriations. … Village of …
https://www.osc.ny.gov/local-government/audits/village/2014/11/14/village-fort-ann-financial-condition-2014m-197Town of Saranac - Cash Management (2019M-32)
… fees were minimized. 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/2019/09/13/town-saranac-cash-management-2019m-32Massena Central School District - Selected Non-Payroll Disbursements (2019M-71)
… direct access to a District bank account to disburse these funds. Payment of utilities totaling $60,641 and … to a District bank account and the ability to disburse funds. Transfer money to the administrator for the total … in satisfaction of dental claims and initiate and disburse funds for all utility payments. Ensure that all claims are …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/massena-central-school-district-selected-non-payroll-disbursements-2019mIX.12.A Key Provisions – IX. Federal Grants
… and fund disbursements to states; States must draw federal funds in amounts necessary to fund only “actual immediate … and states must minimize the time from: the date on which funds are transferred between the Federal Government and the states to the date such funds are paid out for federal program purposes through …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12a-key-provisionsGroton Central School District – Cash Management (2020M-124)
… earned another $367,963 if officials invested available funds in a financial institution that offered higher interest … 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/school-district/2021/01/29/groton-central-school-district-cash-management-2020m-124Rocky Point Union Free School District – Financial Condition (2015M-170)
… fund, how each reserve would be funded or when reserve funds would be used. Amounts retained in two of the … comprehensive policies for establishing and using reserve funds. Develop a plan for the use of excess fund balance and reserve funds in a manner that benefits District taxpayers. … Rocky …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/13/rocky-point-union-free-school-district-financial-condition-2015m-170