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Sherburne-Earlville Central School District – Financial Management (2024M-61)
… the statutory limit by $4.2 million, or 11 percentage points. Maintained unreasonably high balances or did not use …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/04/sherburne-earlville-central-school-district-financial-management-2024m-61Town of Gorham – Budgeting (2023M-181)
… of $1.6 million in operating surpluses. In 2021, sales tax revenues totaling $230,000 were inappropriately recorded in the TW funds instead of the TOV funds, given property taxes were levied in the TOV funds. An excessive …
https://www.osc.ny.gov/local-government/audits/town/2024/06/28/town-gorham-budgeting-2023m-181Due Diligence for Companies Holding Abandoned Funds
… Companies that hold abandoned funds are required to attempt to contact the rightful owner of the property before transferring, or escheating, the property to New York State. This process, called due diligence, is not … Companies that hold abandoned funds must attempt to contact the rightful owner of the property before …
https://www.osc.ny.gov/unclaimed-funds/reporters/due-diligence-companies-holding-abandoned-fundsOversight 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.pdfCity of Olean – Budget Review (B17-1-3)
… The City has not implemented multiyear financial and capital plans. The City did not implement the recommendations … accumulation and use of fund balance. Include potential salary increases within department line items or restore the … Create, adopt, use and annually update both a multiyear capital plan and a multiyear financial plan, and make both …
https://www.osc.ny.gov/local-government/audits/city/2017/03/17/city-olean-budget-review-b17-1-3State Comptroller DiNapoli Statement on New York City's November Budget Update
… announced today on New York City’s November Financial Plan. “The release of the city’s November 2022 Financial Plan update raises concerns about the city’s outyear budget … and future cost reduction initiatives. “The November Plan also highlights new and recurring risks the city faces …
https://www.osc.ny.gov/press/releases/2022/11/state-comptroller-dinapoli-statement-new-york-citys-november-budget-updateNYS Common Retirement Fund Reports Second Quarter Results
… 2020-21 was 6.24 percent for the three-month period ending Sept. 30, 2020, and ended the quarter with an estimated value … fiscal year end March 31, 2020, was $194.3 billion. As of Sept. 30, 2020, the Fund had 53.4 percent of its assets …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsOpinion 91-32
… This opinion represents the views of the Office of the State Comptroller at the time … Whether in view of the gift prohibition of article VIII 1 of the State …
https://www.osc.ny.gov/legal-opinions/opinion-91-32Opinion 88-78
… respect to the requirements of any pertinent civil service rules and regulations. It should be noted that we are aware … Act does not require that village police officers serve as enforcement officers or court attendants. Uniform Justice … the State and municipal civil service commissions to adopt rules governing transfers between positions in their …
https://www.osc.ny.gov/legal-opinions/opinion-88-78Opinion 88-21
… the opinion. ZONING AND PLANNING - Park Lands (use of park trust fund moneys to construct indoor recreational facility); (use of park trust fund moneys to construct recreational building in which … used for public meetings) VILLAGE LAW, §7-730(1): Park trust funds collected from subdividers in lieu of the setting …
https://www.osc.ny.gov/legal-opinions/opinion-88-21City of Yonkers – Budget Review (B24-6-6)
… and expenditure projections in the City’s proposed budget for the 2024-25 fiscal year are reasonable. Background The … of 2014 requires the City to submit its proposed budgets for the next fiscal year to the State Comptroller and the Commissioner of Education for review while the deficit obligations are outstanding. …
https://www.osc.ny.gov/local-government/audits/city/2024/05/20/city-yonkers-budget-review-b24-6-6DiNapoli Releases Annual IDA Report
… by IDAs for their communities,” DiNapoli said. “IDAs can play an important role in helping local economies and …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-releases-annual-ida-reportState Comptroller DiNapoli Releases Municipal Audits
… York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued. Town of … were missing and not deposited in an efficient manner. The clerk also did not identify tax collection account errors … for approximately $1,000 in cash from tax collections. The board did not perform an annual audit of the clerk’s …
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
… 23 percent of the total, for services such as accounting, legal or marketing. Salaries, wages and benefits for IDA … Agencies in New York Find out how your government money is spent at Open Book New York . Track municipal spending, …
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
… one-time revenue of $600,000 from the sale of city property and there is currently no contract for the sale of this real property. The proposed budget exceeds the allowable tax levy limit. Putnam County - Department of Consumer …
https://www.osc.ny.gov/press/releases/2016/05/comptroller-dinapoli-releases-municipal-auditsDiNapoli: 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 … $31 billion earned in the same period last year, according to State Comptroller Thomas P. DiNapoli’s annual report on … fueled in part by the extraordinary federal response to the pandemic were not sustainable,” DiNapoli said. “The …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsState Contract and Payment Actions in December
… contracts for state agencies and public authorities valued at $3.7 billion and approved more than 1.7 million payments … Electric Inc. to replace an emergency generator at the Buffalo Psychiatric Center in Erie County. $1.1 million with … Parkway over I-90 in Erie County. $7.3 million with Slate Hill Constructors Inc. for bridge replacement on Warners Road …
https://www.osc.ny.gov/press/releases/2023/02/state-contract-and-payment-actions-decemberTown of Stratford – Supervisor’s Records (2013M-11)
… for the highway fund which were funded primarily by sales tax, real property taxes, and State aid. Key Findings The Supervisor …
https://www.osc.ny.gov/local-government/audits/town/2013/03/15/town-stratford-supervisors-records-2013m-11Comptroller DiNapoli Releases School Audits
… his office completed audits of the Brighter Choice Charter Middle School for Girls , Elmira City School District and … appropriately and effectively.” Brighter Choice Charter Middle School for Girls – Financial Operations (Albany … his office completed audits of the Brighter Choice Charter Middle School for Girls Elmira City Sc …
https://www.osc.ny.gov/press/releases/2015/03/comptroller-dinapoli-releases-school-audits