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State Comptroller DiNapoli Statement on New York City's November Budget Update
… and revenue pressure highlight the missed opportunity to set aside additional monies in its Revenue Stabilization … significantly exceeded projections. A systematic approach to setting funds aside is critical. “The city has reflected … (FY) 2022, offset in part by savings though the Program to Eliminate the Gap (PEG) initiative. PEG savings made use …
https://www.osc.ny.gov/press/releases/2022/11/state-comptroller-dinapoli-statement-new-york-citys-november-budget-updateAsylum Seeker Spending Report
… The Office of the State Comptroller has created this tool to document … New York City Spending Through June 30, 2025, the City of New York had recorded expenditures of $1.47 billion in Fiscal Year (FY) 2023, $3.75 billion in …
https://www.osc.ny.gov/reports/asylum-seeker-spending-reportOpinion 91-32
… Mahon v Board of Education of the City of New York , 171 NY 263; Teachers' Ass'n Central High School District No. 3 v … VIII, §1 (see, e.g., Ausable Chasm Co. v State , 266 NY 326; City of Rochester v Chiarella , 98 AD2d 8, 470 NYS2d 181, affd 63 …
https://www.osc.ny.gov/legal-opinions/opinion-91-32Opinion 88-78
… Village Law, §8-800, including those with respect to the appointment of a chief and notification to the Division of …
https://www.osc.ny.gov/legal-opinions/opinion-88-78Opinion 88-21
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … - Park Lands (use of park trust fund moneys to construct indoor recreational facility); (use of park trust fund moneys … a subdivision may be used by a village to construct an indoor recreational facility. But a village may not rent or …
https://www.osc.ny.gov/legal-opinions/opinion-88-21City of Yonkers – Budget Review (B24-6-6)
… [read complete report – pdf] Purpose of Budget Review The purpose of our budget review was to determine whether the significant revenue and expenditure …
https://www.osc.ny.gov/local-government/audits/city/2024/05/20/city-yonkers-budget-review-b24-6-6DiNapoli Releases Annual IDA Report
… look at the financial and project data as reported by IDAs for their communities,” DiNapoli said. “IDAs can play an … DiNapoli’s report also found IDAs reported the following: For the 4,262 active IDA projects, it was estimated that a … of jobs gained in the last ten years. Total tax exemptions for IDA projects amounted to over $1.7 billion, up $273 …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-releases-annual-ida-reportOversight of the Agricultural Assessment Program (2017-S-26) 90-Day Response
To determine if the Department of Taxation and Finance’s (Department) Office of Real Property Tax Services (ORPTS) is properly calculating and communicating...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2018-17s26-response.pdfOversight of the Agricultural Assessment Program (2017-S-26)
To determine if the Department of Taxation and Finance’s (Department) Office of Real Property Tax Services (ORPTS) is properly calculating and communicating...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2018-17s26.pdfState Comptroller DiNapoli Releases Municipal Audits
… improvement related to the collection of season passes and lift ticket revenues at the town-operated McCauley Mountain …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-releases-municipal-auditsValue of Industrial Development Agencies' Projects Increase Nearly 50 Percent Over Past Decade
… reported 4,320 active projects valued at $109 billion for 2019, a 3.3 percent, or $3.5 billion, increase in project … an increase in the total value of active IDA projects for 2019, continuing an upward trend during the last decade,” … to municipalities and school districts by IDA projects, for net exemptions of $796 million in 2019. The value of net …
https://www.osc.ny.gov/press/releases/2021/06/value-industrial-development-agencies-projects-increase-nearly-50-percent-over-past-decadeComptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority,” said DiNapoli. … of court operations to ensure moneys are accounted for accurately. Additionally, an annual audit of the justices’ books and records was not performed for 2014. Town of Elizabethtown – Supervisor’s Records and …
https://www.osc.ny.gov/press/releases/2016/05/comptroller-dinapoli-releases-municipal-auditsState Contract and Payment Actions in December
… with Bio-Tech Medical Software Inc. for a cannabis seed to sale tracking system. Executive Chamber $2 million with … & Construction $2.7 million with Postler & Jaeckle Corp. to replace pumps, heat exchangers and domestic water chillers … in Albany County. $1.2 million with Ferguson Electric Inc. to replace an emergency generator at the Buffalo Psychiatric …
https://www.osc.ny.gov/press/releases/2023/02/state-contract-and-payment-actions-decemberDiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… Wall Street’s pandemic boom came to an end in 2022, with pretax, first half profits of $13.5 billion, down 56.3% from the $31 billion earned in the same period last year, according to State Comptroller … level since 2003, fueled by weaker initial and secondary public offerings. The Federal Reserve’s (Fed) multiple rate …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsTown of Stratford – Supervisor’s Records (2013M-11)
… of our audit was to review the Supervisor’s accounting records for the period January 1, 2011, to May 31, 2012. … with Town officials, we found that the accounting records were accurately maintained and the financial … State Comptroller (OSC) was supported by the accounting records. We did not find evidence in the 2011 and 2012 Board …
https://www.osc.ny.gov/local-government/audits/town/2013/03/15/town-stratford-supervisors-records-2013m-11Comptroller DiNapoli Releases School Audits
… district and charter school finances and operations, my office continues to provide taxpayers the assurance that …
https://www.osc.ny.gov/press/releases/2015/03/comptroller-dinapoli-releases-school-auditsCentral Square Central School District – Fund Balance (2022M-196)
… levels. As a result, officials reduced the transparency of District finances and kept $8 million from productive use. … may not have been necessary, considering the amount of excess surplus funds retained. The District’s surplus fund … limit by about $8 million (9.2 percentage points) as of June 30, 2021. While officials reported that the …
https://www.osc.ny.gov/local-government/audits/school-district/2023/03/10/central-square-central-school-district-fund-balance-2022m-196Campbell-Savona Central School District -- Budget Review (B2-14-11)
… expenditure projections in the District’s tentative budget for the 2014-15 fiscal year are reasonable. Background The … fund as of June 30, 2006. Local Finance Law requires all local governments that have been authorized to issue … fund operating deficits to submit their tentative budget for the next fiscal year to the State Comptroller for review …
https://www.osc.ny.gov/local-government/audits/school-district/2014/04/24/campbell-savona-central-school-district-budget-review-b2-14-11Liberty Central School District – Budget Review (B4-14-6)
… Purpose of Audit The purpose of our budget review was to determine whether the significant revenue and expenditure projections in the District’s tentative budget for the 2014-15 fiscal …
https://www.osc.ny.gov/local-government/audits/school-district/2014/04/11/liberty-central-school-district-budget-review-b4-14-6Town of Albion – Supervisor’s Records and Reports (2024M-111)
… expenditure budget-to-actual reports were not accurate. For example, the reports did not include $551,134 of real property tax revenue and a $109,000 expenditure for a storage building. In addition, budgetary transfers … as actual expenditures. The Supervisor did not account for payroll-related liabilities, maintain proper cash control …
https://www.osc.ny.gov/local-government/audits/town/2024/11/08/town-albion-supervisors-records-and-reports-2024m-111