Search
Adequacy of 2021 Budgets - Jefferson County (S9-21-2)
… have seen more significant impacts due to reductions and/or increases to their revenues and/or expenditures. This has led to some local governments having to reduce or eliminate some services and temporarily or permanently reduce staff positions. In …
https://www.osc.ny.gov/local-government/audits/county/2021/05/21/adequacy-2021-budgets-jefferson-county-s9-21-2Adequacy of 2021 Budgets - Village of Camillus (S9-21-5)
The purpose of our budget review was to provide an independent evaluation of the Villages adopted budget for the 2021 fiscal year
https://www.osc.ny.gov/local-government/audits/statewide-audit/2021/05/21/adequacy-2021-budgets-village-camillus-s9-21-5DiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… with Goldman Sachs Asset Management (GSAM) to invest in a diverse group of global equity strategies viewed as … initially focus on dynamic manager selection opportunities in global equities to enhance returns in the Fund’s equity portfolio. GSAM will also provide …
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
… Thomas P. DiNapoli today announced his office completed audits of the Town of Andover , Town of Caledonia , Village of Lyons Falls , North Shore Public Library and the Town of Westerlo . "In today's fiscal … percent of next year's appropriations. North Shore Public Library – Financial Condition (Suffolk County) The library …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-auditsDiNapoli Releases Year-End and April Cash Reports
… in Personal Income Tax (PIT) collections, where a number of states experienced unexpected declines in April as … to the April shortfall. The recent tax collections are another indication that the economy remains unpredictable … the federal government. The report is now accessible in Excel and Adobe PDF formats. Since becoming Comptroller, …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-releases-year-end-and-april-cash-reportsNY State Comptroller Thomas P. DiNapoli Statement on the SEC's Adoption of Climate Change Disclosure Rule
… and the transition to a net-zero economy will impact their investments. With these disclosures, we can make … his leadership, as well as to the SEC commissioners and staff for their dedication and diligence in adopting this … see the 2023 Progress Report on the New York State Common Retirement Fund’s Climate Action Plan. About the New York …
https://www.osc.ny.gov/press/releases/2024/03/ny-state-comptroller-thomas-p-dinapoli-statement-secs-adoption-climate-change-disclosure-ruleState 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 … and advices in the event the NYS budget or an extender bill is not passed by 10am on Monday, April 11, 2022. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2022-paycheck-distribution-april-13-2022-administration-cycle-paychecksDiNapoli: Drastic State Revenue Shortfall in April
… Thomas P. DiNapoli, significant revenue declines occurred for New York in April as a result of the COVID-19 pandemic … period uses the amended Executive Budget estimates for comparison, and is on a State Operating Funds basis … primarily due to the postponement of the filing deadline for tax returns. Sales tax collections reflected the …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-drastic-state-revenue-shortfall-aprilDiNapoli: State Tax Receipts Through First Quarter Exceed Financial Plan Projections by $1.7 Billion
… by State Comptroller Thomas P. DiNapoli. “The revenue news for New York was positive for the first quarter,” …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-state-tax-receipts-through-first-quarter-exceed-financial-plan-projections-1-point-7-billionNYSLRS Announces Employer Contribution Rates for 2024-25
… and from 27.8% to 31.2% of payroll for the Police and Fire Retirement System (PFRS). NYSLRS is made up of these two …
https://www.osc.ny.gov/press/releases/2023/08/nyslrs-announces-employer-contribution-rates-2024-25IX.10.B Federal Treasury Offset Program (TOP) Background – IX. Federal Grants
… billing purposes, grant award applications, and drawdowns of federal grant funds from the Department of Treasury. The Department of Treasury’s Bureau of the … grant payment without regard to which state agency is drawing federal funds. The Department of Treasury offsets …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix10b-federal-treasury-offset-program-top-backgroundOversight of the Educational Opportunity Program
… developed guidance for the summer program along with Guidelines for the Operation of EOP (Guidelines), which specify the requirements of EOP operations … EOP funds are used in a manner consistent with both the Guidelines and the State Education Law and that documentation …
https://www.osc.ny.gov/state-agencies/audits/2025/03/26/oversight-educational-opportunity-programCost-Saving Ideas: Legal Requirements
… and sewer and water improvement districts, including voter approval requirements. Section 6-d details procedures … or equipment when the repairs are of a type that does not recur annually or at shorter intervals. Section 6-g … from, a capital reserve for fire districts, including voter approval requirements. Section 99-g provides an …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirementsCattaraugus-Allegany-Erie-Wyoming Board of Cooperative Educational Services – Financial Management (2016M-77)
CattaraugusAlleganyErieWyoming Board of Cooperative Educational Services Financial Management 2016M77
https://www.osc.ny.gov/local-government/audits/boces/2016/08/18/cattaraugus-allegany-erie-wyoming-board-cooperative-educational-services-financialSullivan West Central School District – Financial Condition (2014M-40)
… appropriations and appropriated more unexpended surplus funds than necessary to fund District operations. The … for expenditures and the use of unexpended surplus funds. Develop a plan for using surplus funds in a manner that benefits District taxpayers. Review …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/15/sullivan-west-central-school-district-financial-condition-2014m-40Amagansett Union Free School District – Financial Condition (2014M-91)
… audit was to evaluate the District’s financial condition for the period July 1, 2012 through September 30, 2013. … attending kindergarten through grade six and pays tuition for 75 students in grades 7 through 12 who attend school in other districts. Budgeted appropriations for the 2013-14 fiscal year totaled approximately $10.2 …
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)
… our audit was to evaluate the Town’s financial management for the period January 1, 2015 through August 25, 2016. … The general and highway funds’ budgeted appropriations for 2017 total approximately $1.2 million. Key Findings The … fund and $515,112 in the highway fund without clear plans for the use of these accumulated funds. The Board has not …
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)
… from the reserve. $136,208 was improperly transferred to the debt reserve in the debt service fund even though it was not required to be restricted for debt payments. $244,418 was transferred to the retirement contribution reserve without Board …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/23/sandy-creek-central-school-district-reserve-management-2023m-43Town of Marilla – Town Supervisor’s Activities (2015M-27)
… Supervisor relied on a certified public accounting firm (CPA) to maintain the accounting records without oversight, … the Board with reports that were not accurate. The CPA erroneously commingled debt and grant proceeds for …
https://www.osc.ny.gov/local-government/audits/town/2015/05/22/town-marilla-town-supervisors-activities-2015m-27Town of Milo – Financial Condition (2020M-172)
… The Board did not adopt realistic budgets for each of its funds from 2017 through 2020, multiyear financial and capital … As of December 31, 2020, the general, highway and water funds unrestricted fund balances were excessive, ranging from … developing and adopting the annual budgets. Use surplus funds as a financing source for funding one-time …
https://www.osc.ny.gov/local-government/audits/town/2021/04/23/town-milo-financial-condition-2020m-172