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Layers of Debt: Trends and Implications for New York’s Local Governments
LOCAL GOVERNMENT ISSUES IN FOCUS
https://www.osc.ny.gov/files/local-government/publications/pdf/lgdebt.pdfState Comptroller DiNapoli Releases Municipal & School Audits
… in transfers planned, with no indication of the board’s plan to use the funds. The district’s tax levy increased by $771,762 from 2019 to 2024, meaning that real property taxes may have been higher than … in a total operating surplus of $4.8 million between fiscal years 2019 and 2023. Additionally, the board did not …
https://www.osc.ny.gov/press/releases/2025/09/state-comptroller-dinapoli-releases-municipal-school-audits-0State Comptroller DiNapoli Releases Municipal Audits
… office completed audits of the Town of Lockport , Town of Ontario , Town of Preston and Town of Thompson . "In today's fiscal climate, budget … for the current justices by approximately $60,000. Town of Ontario – Information Technology, Financial Management and …
https://www.osc.ny.gov/press/releases/2018/07/state-comptroller-dinapoli-releases-municipal-auditsDiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… New York schools. When students take a financial literacy course, they learn personal finance, budgeting, and … clearly has the attention of the public and a required course in our high schools is being given serious … Just as teens are required to take a driver’s education course before getting behind the wheel of a vehicle, we have …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsUnder Reporting of Net Available Monthly Income for Nursing Home Residents Causes Medicaid Overpayments (Follow-Up)
… of implementation of the five recommendations included in our initial audit report, Under Reporting of Net Available … the State and the Human Resources Administration in New York City) are responsible for determining NAMI … within eMedNY and because localities did not update NAMI in a timely manner. Our initial audit report contained …
https://www.osc.ny.gov/state-agencies/audits/2013/08/16/under-reporting-net-available-monthly-income-nursing-home-residents-causes-medicaidDiNapoli Urges New Yorkers to Spend Holiday Gift Cards
… State Comptroller Thomas P. DiNapoli is urging New Yorkers to spend the gift cards they received this holiday season in … If not, the money could eventually get turned over to the Office of Unclaimed Funds. In the last seven years, the amount returned to DiNapoli’s office in unused gift cards has risen sharply …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-urges-new-yorkers-spend-holiday-gift-cardsXI.11.G Equipment Acquisition – XI. Procurement and Contract Management
… procurement of equipment, including: Establishment of need for the equipment; Determining the method of acquisition for … http://www.budget.ny.gov/guide/bprm/h/h101.html Form H-101-Request for Approval of Personal Property (Equipment) And … of equipment, procured pursuant to a single request for proposal may be grouped under one or several contracts, as …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi11g-equipment-acquisitionComptroller DiNapoli Releases Municipal Audits
… South Glens Falls , the Woodgate Volunteer Fire Department and a budget review of the City of Yonkers . "In today’s fiscal climate, budget transparency and accountability for our local communities is a top … priority," said DiNapoli. "By auditing municipal finances and operations, my office continues to provide taxpayers the …
https://www.osc.ny.gov/press/releases/2014/07/comptroller-dinapoli-releases-municipal-audits-2Village of Mexico – Financial Management (2023M-170)
… complete report – 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 … Determine whether the Village of Mexico Village Board of Trustees Board adopted …
https://www.osc.ny.gov/local-government/audits/village/2024/02/16/village-mexico-financial-management-2023m-170State Comptroller DiNapoli Releases Municipal Audits
… today announced his office completed audits of the East Meadow Public Library , Town of Erwin , Town of New … their money is being spent appropriately and effectively." East Meadow Public Library – Claims Auditing (Nassau County) … today announced his office completed audits of the East Meadow Public Library Town of Erwin Town of New Hartford …
https://www.osc.ny.gov/press/releases/2018/03/state-comptroller-dinapoli-releases-municipal-audits-0Town of Leicester – Financial Management (2025M-2)
… ( Budgeting and Financial Oversight (2015M-158), released November 2015), adopt written fund balance or reserve … budgets and multiyear financial or capital plans. As a result, officials maintained significant unrestricted fund … estimate revenues and appropriations in the 2025 budget, which will likely result in operating surpluses …
https://www.osc.ny.gov/local-government/audits/town/2025/05/30/town-leicester-financial-management-2025m-2VII.2 Miscellaneous Receipts / Accounts Receivable Receipts Overview – VII. State Revenues and Appropriated Loan Receivables
… are recorded through the Accounts Receivable (AR) module in the Statewide Financial System (SFS) after a deposit is … agreements Federal Grant reimbursements Municipal and Public Authorities deposits Temporarily unidentified … Finance Law §8 requires the State Comptroller to operate and maintain and at their discretion, revise and modify a …
https://www.osc.ny.gov/state-agencies/chapter-vii/vii2-miscellaneous-receipts-accounts-receivable-receipts-overviewTown of Greenville – Tax Collector (2020M-81)
… [ read complete report - pdf ] Audit Objective Determine whether the Tax … Law (Town Law). The Tax Collector’s records included an unidentified bank balance of $4,637 as of January 1, 2018 and … County Treasurer in accordance with Town Law. Identify the unidentified outstanding bank balance, properly account for …
https://www.osc.ny.gov/local-government/audits/town/2020/10/23/town-greenville-tax-collector-2020m-81Opinion 2000-10
… or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Mandatory Reserve Fund (need to establish when property sold was funded in part with Urban Development Corporation loan) REAL … into a repayment agreement with the UDC providing that, in the event of the sale of the civic center, the unpaid …
https://www.osc.ny.gov/legal-opinions/opinion-2000-10Town of Deerpark – Budget Review (B17-6-17)
… Purpose of Budget Review The purpose of our budget review was to determine whether the significant … Town of Deerpark Budget Review B17617 …
https://www.osc.ny.gov/local-government/audits/town/2017/11/10/town-deerpark-budget-review-b17-6-17Oversight of the Farm-to-School Program
… Objective To determine if the Department of Agriculture and Markets is adequately overseeing the Farm-to-School Program to ensure funds are used as intended and program goals are achieved. The … To determine if the Department of Agriculture and Markets is adequately …
https://www.osc.ny.gov/state-agencies/audits/2021/04/19/oversight-farm-school-programThe 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
… on grants cashmanaged by OSC BSAO are based on an awards Accounts Receivable balance …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix6b-osc-draw-proceduresProcurement and Payroll-Related Matters Pertaining to the Use of Certain Federal Funds
… (Transit) used the American Recovery and Reinvestment Act (Recovery Act) funds efficiently and for authorized purposes, and … In 2009, the federal government passed the Recovery Act to provide financial assistance to states, localities, … Transit used the American Recovery and Reinvestment Act Recovery Act funds efficiently and for auth …
https://www.osc.ny.gov/state-agencies/audits/2014/06/18/procurement-and-payroll-related-matters-pertaining-use-certain-federal-fundsComptroller DiNapoli Releases State Audits
… (DOH): Improper Payments Related to the Medicare Buy-In Program (Follow-Up) (2014-F-12) An initial audit report issued in October 2012 determined that, from March 2006 through … (totaling about $26.8 million) for people enrolled in the Medicare buy-in program. In a follow-up, auditors …
https://www.osc.ny.gov/press/releases/2014/12/comptroller-dinapoli-releases-state-audits