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VII.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)
… 2013 fiscal year are approximately $473,000 in the general fund, $434,000 in the highway fund, and $42,000 in the lighting district. Key Findings The … adopted budgets that relied too heavily on appropriated fund balance as a financing source. As a result, the …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-minetto-financial-condition-2013m-284Putnam Valley Central School District – Financial Condition (2016M-135)
… $48 million. Key Findings District officials used surplus funds to increase reserves and the debt service fund each … However, District officials did not use these restricted funds to pay for reserve and debt service related obligations … how each reserve would be funded or when the reserve funds would be used. Officials budgeted for and levied taxes …
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)
… $25 million. Although the Board appropriated unexpended surplus funds each year (exceeding a combined $13.2 million … Additionally, the District’s accumulated unexpended surplus funds exceeded the amount allowed by statute in each … of the past three years. While the District’s unexpended surplus exceeded the statutory limit over these years, …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/21/central-islip-union-free-school-district-financial-management-2013m-380State Comptroller DiNapoli Releases Municipal Audits
… – Information Technology The county legislators did not monitor compliance with the county’s acceptable use … communicated confidentially to officials. Town of Oyster Bay – Financial Condition Management (Nassau County) The … town has nearly $605 million in outstanding debt, which is significantly more than neighboring towns and requires 37 …
https://www.osc.ny.gov/press/releases/2020/09/state-comptroller-dinapoli-releases-municipal-auditsAdequacy of 2021 Budgets - Town of North Hempstead (S9-21-12)
… review was to provide an independent evaluation of the Town’s adopted budget for the 2021 fiscal year. Background … counties, cities, towns and villages across the State. The Town of North Hempstead (Town) is one of the local governments …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2021/05/21/adequacy-2021-budgets-town-north-hempstead-s9-21-12Adequacy of 2021 Budgets - Town of Big Flats (S9-21-20)
… estimates accordingly, when warranted, during the course of their fiscal year. To assess whether local … cities, towns and villages across the State. The Town of Big Flats (Town) is one of the local governments included in …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2021/05/21/adequacy-2021-budgets-town-big-flats-s9-21-20Adequacy of 2021 Budgets - City of Saratoga Springs (S9-21-10)
… State funding for Aid and Incentives for Municipalities (AIM) and Video Lottery Terminal (VLT) aid which may not be … fund budget in the event the revenue projections for AIM funding and VLT aid are not fully realized. Carefully …
https://www.osc.ny.gov/local-government/audits/city/2021/05/14/adequacy-2021-budgets-city-saratoga-springs-s9-21-10IX.9.A Transfer Authorizations – IX. Federal Grants
… Pursuant to §4 (1) of the State Finance Law, no money shall be paid from any … to another with specific statutory authorization for such transfer. These transfer authorizations may be contained in appropriation … Pursuant to 4 1 of the State Finance Law no money shall be paid from any …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9a-transfer-authorizationsBroadalbin-Perth Central School District – Cash Management (2020M-65)
… or prepare cash flow forecasts to estimate the amount of funds available for investment. Officials earned interest … from multiple financial institutions. Ensure available funds are invested within legal limits, to maximize interest … earnings. Prepare cash flow forecasts that estimate funds available each month for investment. District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2020/10/09/broadalbin-perth-central-school-district-cash-management-2020m-65North Bellmore Union Free School District – Financial Condition (2014M-47)
North Bellmore Union Free School District Financial Condition 2014M47
https://www.osc.ny.gov/local-government/audits/school-district/2014/06/20/north-bellmore-union-free-school-district-financial-condition-2014m-47IX.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-systemSteuben County – Financial Management (2025M-127)
… [read complete report – pdf] Audit Objective Did Steuben County (County) officials effectively manage the … Did Steuben County County officials effectively manage the …
https://www.osc.ny.gov/local-government/audits/county/2025/12/31/steuben-county-financial-management-2025m-127Town of Windsor – Capital Project (2025M-52)
… the Town of Windsor (Town) Board (Board) properly manage its highway garage capital project (Project)? Audit Period … are kept within the approved budget. The Town includes the Village of Windsor (Village) which requires the Town to … in New York State Town Law (Town Law), it has been the view of the New York State Office of the State Comptroller …
https://www.osc.ny.gov/local-government/audits/town/2025/08/29/town-windsor-capital-project-2025m-52DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… for long-term, steady returns helps ensure our state’s pension fund will continue to be one of the nation’s … marks the fourth time that DiNapoli has lowered the state pension fund’s assumed rate of return as economic and … 6.8%. The median assumed rate of return among state public pension funds is 7.0% as of August 2021, according to the …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli: State Pension Fund Value $192 Billion
… that ended on March 31, 2017. The Fund has an estimated value of $192 billion. “Strong returns over the fiscal year, … said. “New York state’s pension fund is at a record value based on prudent long term asset allocation. We …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionNYS Common Retirement Fund Reports Third Quarter Results
… mortgages (22.2 percent), private equity (9.8 percent), real estate and real assets (8.0 percent) and credit, absolute … and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and commonly …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsCity of Amsterdam – Budget Review (B23-5-4)
… the City’s proposed budget for 2023-24. Background Chapter 531 of the Laws of 2019 authorizes the City to issue debt not …
https://www.osc.ny.gov/local-government/audits/city/2023/05/05/city-amsterdam-budget-review-b23-5-4State Pension Fund Adds $30 Million for Investments in New York Companies
… to Primary Venture Partners to invest in state-based companies, New York State Comptroller Thomas P. DiNapoli … Program, designed to make profitable investments in companies located in New York state. This is the state … DiNapoli. "With $293 million in returns from 71 exited companies, I am proud of how well the In-State Program is …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesDiNapoli: Independent Review Finds State Pension Fund Operates at Highest Ethical and Professional Standards
… system’s members and beneficiaries. The Fund has a great deal of focus on the fees applied to each individual deal and whether the proposed fees fall within prevailing …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-independent-review-finds-state-pension-fund-operates-highest-ethical-and-professional