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DiNapoli: Taxpayers Moving Out of State Spiked in 2020, Led by Those Leaving NYC
… in 2019. The vast majority (87% in 2021) of PIT filers are residents; 10% were non-residents who only pay New York … Pandemic’s Impact on Taxpayer Movement From 2015 to 2019, there was a consistently larger number of taxpayers leaving … and more severely, net out-migration from the city to places both in and outside the state spiked, with over two in …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-taxpayers-moving-out-state-spiked-2020-led-those-leaving-nycTown of Preston - Financial Management (2018M-81)
… reserve policy and multiyear financial and capital plans to address the Town’s operational and capital needs. Key … significant funding in the coming years, Town officials have not developed fund balance or reserve policies or … that establishes the level of fund balance and reserves to be maintained. Develop and adopt a comprehensive multiyear …
https://www.osc.ny.gov/local-government/audits/town/2018/07/13/town-preston-financial-management-2018m-81Village of Franklin – Fund Balance Management (2018M-13)
… Purpose of Audit The purpose of our audit was to determine whether the Board effectively managed the … by an annual average of 18 percent. Village officials have not developed multiyear financial or capital plans or a … balance policy that establishes the level of fund balance to be maintained. Adopt budgets that include realistic …
https://www.osc.ny.gov/local-government/audits/village/2018/05/04/village-franklin-fund-balance-management-2018m-13Sherman Central School District – Claims Processing (2016M-352)
… Purpose of Audit The purpose of our audit was to examine the claims audit process for the period July 1, … million. Key Findings The Board and District officials have not developed adequate written policies and procedures … and includes specific guidance and requirements to ensure the claims auditor adequately performs her duties. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/16/sherman-central-school-district-claims-processing-2016m-352Sewanhaka Central High School District – Student Fees (2016M-296)
… Purpose of Audit The purpose of our audit was to examine the collection of student fees for test … $178.8 million. Key Findings The Board does not have a policy on cash receipts. None of the finance clerks … forms and class rosters, are available and used to reconcile payments to deposited amounts by someone …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/04/sewanhaka-central-high-school-district-student-fees-2016m-296Naples Central School District – Online Banking (2015M-143)
… Purpose of Audit The purpose of our audit was to evaluate internal controls related to online banking for the period July 1, 2013 through June … million. Key Finding The Board and District officials have established adequate online banking internal controls to …
https://www.osc.ny.gov/local-government/audits/school-district/2015/09/11/naples-central-school-district-online-banking-2015m-143Cato-Meridian Central School District – Procurement of Professional Services (2016M-13)
… Purpose of Audit The purpose of our audit was to review the process and procedures to procure professional services for the period July 1, 2014 … that supports the decisions made. Not all providers have written agreements with the District or the District …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/cato-meridian-central-school-district-procurement-professional-servicesMount Pleasant-Blythedale Union Free School District – Short-Term Borrowing and Purchasing (2015M-365)
… Purpose of Audit The purpose of our audit was to review the District’s short-term borrowing and internal … (RAN), even though it had sufficient cash flow, and could have saved $43,270 in interest payments for fiscal years … Issue a RAN only when the District needs funds to improve short-term cash flow. Ensure that staff members …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/18/mount-pleasant-blythedale-union-free-school-district-short-term-borrowingRoyalton-Hartland Central School District – Financial Condition (2015M-275)
… the use of fund balance in the annual budget. Develop a plan to use the excess unrestricted fund balance in a manner …
https://www.osc.ny.gov/local-government/audits/school-district/2016/01/15/royalton-hartland-central-school-district-financial-condition-2015m-275Hewlett-Woodmere Union Free School District – Financial Condition (2016M-402)
… Purpose of Audit The purpose of our audit was to review the District’s financial condition for the period … reserve funds by almost $30.5 million and did not have documentation establishing two reserves. Key … of unrestricted fund balance that is not needed to fund District operations. Ensure reserve funds are …
https://www.osc.ny.gov/local-government/audits/school-district/2017/01/27/hewlett-woodmere-union-free-school-district-financial-condition-2016m-402Hamilton Fulton Montgomery Board of Cooperative Educational Services – Investment Program (2023M-116)
… considered other available investment options, BOCES may have earned $448,000 in investment income, or $343,000 more … a competitive yield. Prepare monthly cash flow forecasts to monitor and estimate funds available for investment. Key … rate quotes and ensure available funds are invested to benefit BOCES operations. Consider all four objectives of …
https://www.osc.ny.gov/local-government/audits/boces/2023/12/22/hamilton-fulton-montgomery-board-cooperative-educational-services-investmentVillage of Greene – Investment Program (2023M-112)
… legally permissible investment options, the Village may have earned approximately $96,900, or $91,100 more than … Officials did not: Prepare monthly cash flow forecasts to estimate funds available for investment. Monitor … investment options. Develop investment procedures to convey management’s expectations for managing the …
https://www.osc.ny.gov/local-government/audits/village/2023/12/01/village-greene-investment-program-2023m-112Upper Jay Fire District – Board Oversight (2023M-24)
… complete report - pdf] Audit Objective Determine whether the Upper Jay Fire District (District) Board of Fire Commissioners (Board) provided adequate oversight of … which hindered its ability to monitor financial operations and increased the risk that improper claims could be paid. …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/05/26/upper-jay-fire-district-board-oversight-2023m-24Herkimer County Industrial Development Agency – Project Approval and Monitoring (2022M-28)
… The Board and officials did not obtain information to monitor capital investment and salaries and did not have an adequate process to verify job creation and retention. The Board and officials …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2022/07/01/herkimer-county-industrial-development-agency-projectX.4 Overview – X. Guide to Vendor/Customer Management
… important all information on the vendor record is correct to ensure timely and accurate processing of transactions, … . If a vendor does not have a Vendor Self-Service account, the agency should direct the vendor to contact the SFS Helpdesk at 855-233-8363 or …
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x4-overviewSlate Hill Fire District – Procurement and Claims Processing (2021M-105)
… officials did not always use a competitive process to procure goods and services or ensure claims were properly … beverage receipts totaling $3,814 without adequate support to show they were a valid expenditure, including eight … officials generally agreed with our recommendations and have initiated or indicated they planned to initiate …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/12/29/slate-hill-fire-district-procurement-and-claims-processing-2021m-105East Rockaway Union Free School District – Extra-Classroom Activity Funds (2020M-85)
… timely. Managing the finances of ECA activities is meant to be a learning experience for student club members. By not … miss this learning opportunity and District officials have little assurance that ECA funds are adequately … and loss statements. Ensure ECA clubs remit receipts to the central treasurer promptly and that the central …
https://www.osc.ny.gov/local-government/audits/school-district/2021/01/15/east-rockaway-union-free-school-district-extra-classroom-activity-fundsNyack Parking Authority – Parking Ticket Operations (2020M-94)
… tickets. To increase collections, consider license plate readers, instituting civil action or amnesty programs …
https://www.osc.ny.gov/local-government/audits/public-authority/2020/11/20/nyack-parking-authority-parking-ticket-operations-2020m-94Town of Owasco – Financial Management and Procurement (2021M-70)
… and playground equipment were procured in a manner to ensure the prudent and economical use of public money in … in the unrestricted general fund balance increasing to an excessive level. Always seek competition for professional services or have adequate written agreements for the services provided. …
https://www.osc.ny.gov/local-government/audits/town/2021/08/13/town-owasco-financial-management-and-procurement-2021m-70Contract Advisory No. 29
… Submission System (EDSS) Host Agency Guidance : The Office of the State Comptroller's Bureau of Contracts (BOC) Electronic Documents Submission System … purchase authorization transactions within EDSS on behalf of the Hosted agency. Host/Hosted Agency must submit a New …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/29-electronic-documents-submission-system-edss-host-agency