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Capital One Bank Accounts
… these accounts. Our audit covered January 1, 2008 through May 31, 2012. Background The Metropolitan Transportation … 29, 2012, these accounts had a balance of about $3.8 million. Key Findings The 15 bank accounts included 13 that …
https://www.osc.ny.gov/state-agencies/audits/2014/01/27/capital-one-bank-accountsCity of Lockport -- Budget Review (B18-1-10)
… Purpose of Budget Review The purpose of our budget review was to provide an independent evaluation of the City’s proposed budget for 2019. Background Chapter 332 of the … appear reasonable. The City did not appropriate any fund balance as a financing source in the 2019 general, water, …
https://www.osc.ny.gov/local-government/audits/city/2018/11/08/city-lockport-budget-review-b18-1-10IX.12.R Major Federal Programs Subject to CMIA Agreement – IX. Federal Grants
… those “major” federal programs which are subject to Subpart A (interest calculations) of the Treasury-State Agreement (FY TSA 2024) that governs the State’s cash management of Federal funds. Federal Funds – Major Program Threshold The Cash Management Improvement Act of 1990 (CMIA) …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12r-major-federal-programs-subject-cmia-agreement-sfy-2019-20Village of Mexico – Financial Management (2023M-170)
… – pdf] Audit Objective Determine whether the Village of Mexico (Village) Board of Trustees (Board) adopted realistic budgets and managed fund balance. Key Findings The Board did not adopt realistic … or between 109 and 124 percent of the ensuing year’s budget. Did not consider historical or known trends of …
https://www.osc.ny.gov/local-government/audits/village/2024/02/16/village-mexico-financial-management-2023m-170DiNapoli Issues Report on Public-Private Partnerships
… prospective vendors and to ensure the State receives the best possible value; Require an independent review and …
https://www.osc.ny.gov/press/releases/2013/06/dinapoli-issues-report-public-private-partnershipsThe Securities Industry in New York City, October 2023
The securities industry saw record performance in 2020 and 2021, facilitated by lower borrowing costs and increased liquidity resulting partly from the federal government’s policy response to the pandemic.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-10-2024.pdfIX.6.B OSC Draw Procedures – IX. Federal Grants
… Contract Modules within SFS to ensure reimbursement funds are drawn against the correct pool of funding in the … a deposit within SFS. On the following business day, funds are received by the bank. OSC BSAO then matches the … to process the drawdowns on the federal system. Once the funds are received, OSC BSAO will post the receipt. Guide …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6b-osc-draw-proceduresNY ABLE Program Helps New Yorkers With Disabilities and Their Families Cover Costs
… New York state has a new savings plan, called the New York Achieving a Better Life Experience ( NY ABLE ) program, designed to help individuals with …
https://www.osc.ny.gov/press/releases/2017/10/ny-able-program-helps-new-yorkers-disabilities-and-their-families-cover-costsDiNapoli: Local Government Employment Outside NYC Fell Nearly 39,000 Since 2007
… pandemic. “We all rely on local government employees for essential services such as education, public safety, health care, and much more,” DiNapoli said. … economic decline. As full-time workforce numbers were starting to rebound, the onset of the COVID-19 pandemic led …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-local-government-employment-outside-nyc-fell-nearly-39000-2007DiNapoli: NYC Retail Sector Battered by Pandemic
… The retail sector, one of New York City’s biggest employers, is having an uneven recovery from the …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-nyc-retail-sector-battered-pandemicTown of Otsego – Financial Condition (2013M-307)
… assess the Town’s practices regarding budget development and adoption for the period January 1, 2012 through August 20, 2013. … Towns practices regarding budget development and adoption for the period January 1 2012 through August 20 2013 …
https://www.osc.ny.gov/local-government/audits/town/2014/08/20/town-otsego-financial-condition-2013m-307Town of Deerpark – Budget Review (B17-6-17)
… revenue and expenditure projections in the Town’s preliminary budget for the 2018 fiscal year are reasonable. … in the Town’s general fund as of December 31, 2008. New York State Local Finance Law requires all municipalities that …
https://www.osc.ny.gov/local-government/audits/town/2017/11/10/town-deerpark-budget-review-b17-6-17State Comptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority," said DiNapoli. … not audit and approve individual claims to ensure they are for legitimate expenditures. Village of Hobart – Board … The board also did not adequately manage the finances for a capital project to upgrade its transfer station. In …
https://www.osc.ny.gov/press/releases/2018/08/state-comptroller-dinapoli-releases-municipal-audits-0City of Dunkirk – Budget Review (B24-1-10)
… – pdf] Purpose The purpose of our budget review was to provide an independent evaluation of the City’s proposed … Recovery Act; “Act” authorizes the City of Dunkirk (City) to issue debt not to exceed $18.5 million to liquidate the accumulated (actual) …
https://www.osc.ny.gov/local-government/audits/city/2024/11/27/city-dunkirk-budget-review-b24-1-10State Comptroller DiNapoli Statement on Passage of Legislation Increasing Oversight of Industrial Development Agencies (A.07915/S.05867)
… IDA's in New York's communities seek to generate economic … help private businesses grow and expand. The importance of economic development in our state demanded that we come up …
https://www.osc.ny.gov/press/releases/2015/06/state-comptroller-dinapoli-statement-passage-legislation-increasing-oversight-industrial-developmentReport on the State Fiscal Year 2025-26 Executive Budget
The Executive Budget for Fiscal Year 2026 has been released at a time of great uncertainty. Federal funding is the State’s largest source of revenue, and is estimated by the Division of Budget to total $93.1 billion in State Fiscal Year 2025-26.
https://www.osc.ny.gov/files/reports/budget/pdf/executive-budget-report-2025-26.pdfReport on the State Fiscal Year 2018-19 Executive Budget, February 2018
Recent changes to the federal government’s spending and tax policies are driving immediate budgetary challenges for New York State, while also causing significa
https://www.osc.ny.gov/files/reports/pdf/budget-executive-2018-19.pdfMedicaid Program – Cost of Pharmacy Services Under Managed Care
… which covers prescription and nonprescription drugs for Medicaid enrollees. The Department uses two methods to pay health care providers for Medicaid pharmacy services: fee-for-service (FFS) and managed care. Under FFS, the Department …
https://www.osc.ny.gov/state-agencies/audits/2020/09/17/medicaid-program-cost-pharmacy-services-under-managed-careDiNapoli Op-Ed: New York Needs to Boost Financial Education in Our Schools
… creation of a financial literacy fund, which would provide funding for grants or programs to establish financial …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-op-ed-new-york-needs-boost-financial-education-our-schoolsTown of Almond – Internal Controls Over Selected Financial Activities (2013M-209)
… $916,000. Key Findings The Board has not adopted a policy and Town officials have not developed procedures to … fund balance was 69 percent of budgeted appropriations for 2013, the general fund town- outside-the-village’s was … that proper controls were in place, it may have been in a better position to detect or prevent the shortage of $3,385 …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-almond-internal-controls-over-selected-financial-activities-2013m-209