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Town of Laurens - Budget Review (B4-14-21)
… are reasonable. Background The Town was categorized as being “susceptible to fiscal stress” in a report issued in September 2014 as part of the … for the Town’s funds totals $1,311,410 and is funded by estimated revenues of $370,880, appropriated fund balance …
https://www.osc.ny.gov/local-government/audits/town/2014/11/07/town-laurens-budget-review-b4-14-21Sullivan West Central School District – Financial Condition (2014M-40)
… students. Budgeted appropriations for the 2013-14 fiscal year totaled approximately $33 million. Key Findings District … were transferred to reserves at the end of each fiscal year, resulting in real property taxes that were higher than …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/15/sullivan-west-central-school-district-financial-condition-2014m-40Town of Milo – Financial Condition (2020M-172)
… the Town’s financial condition. More real property taxes and user fees were levied than needed to fund operations. The … of its funds from 2017 through 2020, multiyear financial and capital plans or the following policies: Fund Balance … highway and water funds unrestricted fund balances were excessive, ranging from 97 percent to 178 percent of 2020 …
https://www.osc.ny.gov/local-government/audits/town/2021/04/23/town-milo-financial-condition-2020m-172Cattaraugus-Allegany-Erie-Wyoming Board of Cooperative Educational Services – Financial Management (2016M-77)
… Purpose of Audit The purpose of our audit was to review BOCES’ financial management … Background The Cattaraugus-Allegany-Erie-Wyoming Board of Cooperative Educational Services is a governmental entity …
https://www.osc.ny.gov/local-government/audits/boces/2016/08/18/cattaraugus-allegany-erie-wyoming-board-cooperative-educational-services-financialAmagansett Union Free School District – Financial Condition (2014M-91)
… is located in the Town of East Hampton in Suffolk County and is governed by an elected five-member Board of Education. … with 108 students attending kindergarten through grade six and pays tuition for 75 students in grades 7 through 12 who … by statute. Two of the District’s reserve funds had excessive balances and no formal plan for funding or using …
https://www.osc.ny.gov/local-government/audits/school-district/2014/07/03/amagansett-union-free-school-district-financial-condition-2014m-91Town of Kortright – Financial Management (2016M-397)
… an elected five-member Town Board. The general and highway funds’ budgeted appropriations for 2017 total approximately … fund without clear plans for the use of these accumulated funds. The Board has not adopted long-term financial and … objectives and goals for the use of these accumulated funds. Key Recommendations Develop a fund balance and reserve …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kortright-financial-management-2016m-397Sandy Creek Central School District – Reserve Management (2023M-43)
… the Sandy Creek Central School District (District) Board of Education (Board) and District officials properly managed …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/23/sandy-creek-central-school-district-reserve-management-2023m-43Town of Chester – Justice Court Operations and Credit Card and Employee Reimbursements (2017M-67)
… of our audit was to determine whether Justice Court funds were collected, recorded, deposited, disbursed and … cash exceeds known liabilities and remit any unidentified funds to the Office of the State Comptroller’s Justice Court … that limit the use and reimbursement of personal funds used for Town purchases. … Town of Chester Justice …
https://www.osc.ny.gov/local-government/audits/justice-court/2017/11/21/town-chester-justice-court-operations-and-credit-card-and-employeeSouthampton Union Free School District – Financial Management (2024M-43)
… and officials effectively managed fund balance and reserve funds. Key Findings The Board and District officials did not effectively manage fund balance and reserve funds. We determined that the Board and District officials: … balances are necessary and reasonable, and use any excess funds identified to benefit residents in accordance with …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/18/southampton-union-free-school-district-financial-management-2024m-43Cost-Saving Ideas: Legal Requirements
… or more "banks" or "trust companies" for deposit of public funds and for the securing of public deposits. Section 11 … 5-a authorizes local government officers to transfer funds electronically, subject to conditions. Section 99-b … establishment of, and expenditures from, repair reserve funds for cities, counties, towns, villages, school …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirementsDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (CRF or the Fund) has … (GSAM) to invest in a diverse group of global equity strategies viewed as having strong potential to enhance the …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsComptroller DiNapoli Releases Municipal Audits
… five years to almost $640,000 as of May 31, 2013. As a result, the general fund's unexpended surplus funds in …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-auditsDiNapoli: State Tax Receipts Through First Quarter Exceed Financial Plan Projections by $1.7 Billion
… Budget Financial Plan forecast by $1.7 billion, according to the monthly State Cash Report released by State … Entity Tax (PTET), which allows certain taxpayers to make business tax payments rather than personal income tax payments. Year-to-date consumption and use tax collections totaled $5.1 …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-state-tax-receipts-through-first-quarter-exceed-financial-plan-projections-1-point-7-billionDiNapoli: Drastic State Revenue Shortfall in April
… disbursements, as measured at three points during the year (April 1-30, May 1-June 30, and July 1-December 31). The … with April receipts $332 million below what they were a year ago. The General Fund ended April with a balance of …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-drastic-state-revenue-shortfall-aprilState Agencies Bulletin No. 2022
… Purpose: As we await the enactment of the New York State (NYS) fiscal year 2022-23 … budget, OSC would like to provide notice of the possible impact to paycheck distribution and release of direct deposit funds and advices in the event …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2022-paycheck-distribution-april-13-2022-administration-cycle-paychecksNY State Comptroller Thomas P. DiNapoli Statement on the SEC's Adoption of Climate Change Disclosure Rule
… New York State Comptroller Thomas P. DiNapoli released the following statement on the Securities and Exchange … is a significant victory for investors who are committed to mitigating the real investment risks associated with … by companies, investors will have a clearer view of how climate change and the transition to a net-zero economy …
https://www.osc.ny.gov/press/releases/2024/03/ny-state-comptroller-thomas-p-dinapoli-statement-secs-adoption-climate-change-disclosure-ruleDiNapoli Releases Year-End and April Cash Reports
… that were not anticipated when the budget was enacted in March 2013. The state deposited $175 million into the Rainy …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-releases-year-end-and-april-cash-reportsIX.10.B Federal Treasury Offset Program (TOP) Background – IX. Federal Grants
… All New York State agencies are required to provide the state's Federal Employer Identification Number (FEIN) (also known as the Taxpayer Identification Number or TIN) when dealing with the federal government. This number is used …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix10b-federal-treasury-offset-program-top-backgroundOversight of the Educational Opportunity Program
… Objectives To determine whether the State University of New York (SUNY) is adequately monitoring the Educational … Responsibility for the administration and management of EOP is shared between SUNY Administration’s Office of Opportunity Programs (Office) and sponsoring EOP campuses. …
https://www.osc.ny.gov/state-agencies/audits/2025/03/26/oversight-educational-opportunity-programNYSLRS Announces Employer Contribution Rates for 2024-25
… and Local Retirement System (NYSLRS) for State Fiscal Year (SFY) 2024-25. Employers’ average contribution rates … 300 different retirement plan combinations. Last fiscal year, $15.5 billion were paid out in benefits. “Our state’s …
https://www.osc.ny.gov/press/releases/2023/08/nyslrs-announces-employer-contribution-rates-2024-25