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Broadalbin-Perth Central School District – Cash Management (2020M-65)
… $40,652 during the audit period. However, they could have earned about $159,100 more had officials used other … officials generally agreed with our recommendations and have initiated, or indicated they planned to initiate …
https://www.osc.ny.gov/local-government/audits/school-district/2020/10/09/broadalbin-perth-central-school-district-cash-management-2020m-65Putnam Valley Central School District – Financial Condition (2016M-135)
… balance, which exceeded the statutory limit. Officials have not established a reserve fund policy stating how much …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/putnam-valley-central-school-district-financial-condition-2016m-135Central Islip Union Free School District – Financial Management (2013M-380)
… of the District’s budgets and financial condition for the period July 1, 2012 through June 30, 2013. Background … seven elected members. The District’s expenditures for the 2012-13 fiscal year were $168.5 million. Key Findings … overestimated expenditures in the Board-adopted budgets for fiscal years 2008-09 through 2012-13, resulting in …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/21/central-islip-union-free-school-district-financial-management-2013m-380VII.10.A Cash Advance Overview – VII. State Revenues and Appropriated Loan Receivables
… the State Finance Law authorizes the establishment of cash advance accounts. The moneys are to be used in accordance … a complete system of internal controls governing advance accounts; Proper documentation for all advance account disbursements; Monthly reconciliation of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10a-cash-advance-overviewTown of Minetto – Financial Condition (2013M-284)
… $473,000 in the general fund, $434,000 in the highway fund, and $42,000 in the lighting district. Key … The Board has adopted budgets that relied too heavily on appropriated fund balance as a financing source. As a result, the financial condition of …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-minetto-financial-condition-2013m-284State Comptroller DiNapoli Releases Municipal Audits
… towns and requires 37 percent of the revenue of the funds servicing this debt. The also board did not develop and adopt …
https://www.osc.ny.gov/press/releases/2020/09/state-comptroller-dinapoli-releases-municipal-auditsDiNapoli Statement on MTA Budget
… statement on the Metropolitan Transportation Authority's 2026 Adopted Budget: "The Metropolitan Transportation Authority’s Adopted Budget for 2026 reflects several actions that have become necessary in … from new operating efficiencies, including $75 million in 2026, which will help the Authority balance its budget next …
https://www.osc.ny.gov/press/releases/2025/12/dinapoli-statement-mta-budgetDiNapoli Releases July State Cash Report
… same period last year, according to the July state cash report issued today by State Comptroller Thomas P. DiNapoli. … lower than a year earlier. To access the monthly cash report for additional detail, go to … . DiNapoli's office issues a state cash report every month identifying state revenues and spending …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-releases-july-state-cash-reportDiNapoli Releases April State Cash Report
… "The fiscal year is off to a rocky start. Tax collections for the first month of the fiscal year were nearly $1 billion … from payments made with annual tax returns and requests for filing extensions as well as an increase in refunds. The … $1.1 billion, or 10.9 percent, higher than last year for the same period. Significant increases include spending …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-reportDiNapoli Releases October State Cash Report
… seven months of the fiscal year totaled just under $85 billion, $181.8 million lower than the Division of the Budget’s (DOB) latest projections but $1.9 billion higher than April projections, according to the … The General Fund ended October with a balance of $11.4 billion, largely due to financial settlements. “The state’s …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-releases-october-state-cash-reportComptroller DiNapoli Releases Municipal Audits
… numbers represent actual jobs created, the board cannot be sure that the community is receiving the expected …
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
… anyone who contemplates engaging in this conduct,” said Christina Scaringi, Special Agent in Charge, U.S. Department …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-ag-schneiderman-doi-commissioner-peters-announce-sentence-non-profit-executiveDiNapoli Releases Analysis of State Financial Plan
… After two years of extraordinary volatility in state finances, the State … 2022-23 Enacted Budget Financial Plan from the Division of the Budget (DOB) projects fiscal stability for the next … Making deposits to the rainy-day reserves on or ahead of schedule may help prevent disruptions in critical programs …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planDiNapoli Releases Review of Executive Budget
… of the pandemic, inflation, and supply chain issues all remain risks to the state’s economic recovery and … loan for the Gateway project. Financial Plan Overview All Funds tax receipts that were initially expected to … neutral over the financial plan period. DOB estimates All Funds receipts in the current year will total $243.4 …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-releases-review-executive-budgetGrand Island Central School District – Interfund Financial Activity (2016M-42)
… Purpose of Audit The purpose of our audit was to evaluate the interfund financial activity between the … general ledger accounts were accurate, complete and up-to-date. Key Recommendations Ensure that journal entries are understood, supported and posted timely and accurately to the general ledger. Periodically review each fund’s …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/grand-island-central-school-district-interfund-financial-activity-2016mVillage of Potsdam – Financial Condition (2017M-61)
… Purpose of Audit The purpose of our audit was to determine whether the Board effectively managed the … financial and capital plans. Key Recommendations Continue to work to eliminate deficits in the operating funds and to increase …
https://www.osc.ny.gov/local-government/audits/village/2017/05/26/village-potsdam-financial-condition-2017m-61DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… median assumed rate of return among state public pension funds is 7.0% as of August 2021, according to the National …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemIX.6.D HHS Payment Management System – IX. Federal Grants
… Department of Health and Human Services’ (HHS) Division of Payment Management uses a custom-developed Payment Management System (PMS) that provides federal … The Department of Health and Human Services HHS Division of Payment Management DPM uses a customdeveloped Payment …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6d-hhs-payment-management-systemTown of Windsor – Capital Project (2025M-52)
… village. Consistent with language set forth in New York State Town Law (Town Law), it has been the view of the New York State Office of the State Comptroller (OSC) 1 that … Therefore, we question whether TOV fund balance was spent on the construction of the Town-owned highway garage. If the …
https://www.osc.ny.gov/local-government/audits/town/2025/08/29/town-windsor-capital-project-2025m-52State Pension Fund Adds $30 Million for Investments in New York Companies
… announced today. The commitment will be made through the pension fund’s In-State Private Equity Investment Program, … Partners. "This new commitment to Primary Venture Partners for state-based investments will help grow the pension fund … to seeking out profitable investment opportunities for the Retirement System’s members, retirees and …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companies