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IX.10.B Federal Treasury Offset Program (TOP) Background – IX. Federal Grants
… grant award applications, and drawdowns of federal grant funds from the Department of Treasury. The Department of … FEIN or TIN that is used to draw down federal grant award funds. When a TOP match occurs, the payment is “offset” against the state’s request for federal grant funds, thereby reducing that day’s federal grant payment …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix10b-federal-treasury-offset-program-top-backgroundDiNapoli: State Tax Receipts Through First Quarter Exceed Financial Plan Projections by $1.7 Billion
… remainder of the fiscal year. Bolstering rainy day reserve funds on or ahead of the schedule included in the Enacted … in collections from the PTET in the month of June. All Funds spending through June totaled $49.5 billion, which was … or 6.7%, higher than last year for the same period. All Funds spending through June was $4 billion lower than …
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
… today by State Comptroller Thomas P. DiNapoli, significant revenue declines occurred for New York in April as a result … monthly cash report by Comptroller DiNapoli significant revenue declines occurred for New York in April as a result …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-drastic-state-revenue-shortfall-aprilDiNapoli Releases August State Cash Report
… the remainder of the year.” Through August, total, or All Funds, receipts were $58.8 billion, a decline of $1.1 billion … spent $42.5 billion on local assistance grants from All Funds, including payments to local governments and financial … focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-releases-august-state-cash-reportDiNapoli: Former Citizens Hose Fire Company Treasurer Arrested for Stealing More Than $100,000
… trust of the fire company and her community by diverting funds meant to protect the residents of Shortsville and … can to provide a most valuable service, the larceny of funds from the departments must be investigated and … Ontario County Sheriff’s Office takes the theft of public funds and those from non-profits very seriously,” Cirencione …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-former-citizens-hose-fire-company-treasurer-arrested-stealing-more-100000Schenectady County – Investment Program (2025M-5)
… complete report – pdf] Audit Objective Did Schenectady County (County) officials develop and manage a comprehensive investment program? Audit Period … did not monitor investments, formally solicit interest rate quotes or consider other legally permissible investment …
https://www.osc.ny.gov/local-government/audits/county/2025/08/08/schenectady-county-investment-program-2025m-5Housing Trust Fund Corporation: Internal Controls and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (Follow-Up)
… Partnerships Programs (Report 2021-S-10 ). About the Program Homes and Community Renewal (HCR) is the State’s … provide housing stability. As such, the Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act) provided funding for emergency economic relief for individuals, families, and …
https://www.osc.ny.gov/state-agencies/audits/2024/04/11/housing-trust-fund-corporation-internal-controls-and-maximization-federal-funding-communityAmazon Shareholders Urged To Support Audit of Company’s Policies on Racial Inclusion
… Comptroller Thomas P. DiNapoli today released a statement on behalf of the New York State Common Retirement Fund (Fund) … in advance of the company’s annual shareholders’ meeting on May 26, 2021. The statement calls on shareholders to vote for the Fund’s shareholder proposal …
https://www.osc.ny.gov/press/releases/2021/05/amazon-shareholders-urged-support-audit-companys-policies-racial-inclusionFormer Lake George Watershed Coalition Director Sentenced to 8-24 Years for Stealing Nearly $250,000 in State Grant Funds
… from the grant programs as well as a for-profit basketball league for children. The Lake George Watershed Coalition is a … to hundreds of thousands of dollars meant to help his community,” said State Comptroller Thomas P. DiNapoli. … also wish to thank the Warren County Sheriff’s Office, the New York State Office of the State Comptroller, and the New …
https://www.osc.ny.gov/press/releases/2020/09/former-lake-george-watershed-coalition-director-sentenced-8-24-years-stealing-nearly-250000-stateDiNapoli Releases December State Cash Report
… of the Budget’s (DOB) latest projections, according to the monthly state cash report issued today by New York … on a recently volatile financial sector, it is important to be realistic and prepared for potential economic … or 2 percent higher than the same month last year. Year-to-date tax collections of $54.4 billion were $3.8 million …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-releases-december-state-cash-reportNYS Comptroller DiNapoli Appoints First Director of Sustainable Investments and Climate Solutions
… climate-related investments,” DiNapoli said. “Climate change is an increasingly urgent risk facing all investors, …
https://www.osc.ny.gov/press/releases/2020/01/nys-comptroller-dinapoli-appoints-first-director-sustainable-investments-and-climate-solutionsTown of Busti – Taxpayer Equity (2015M-349)
… between the town-wide and town-outside-village highway funds. The Town unnecessarily increased tax rates for … revenues and appropriations allocated in the proper funds. Correct prior year accounting errors relating to the … between the town-wide and town-outside-village highway funds to correct taxpayer inequity. …
https://www.osc.ny.gov/local-government/audits/town/2016/03/25/town-busti-taxpayer-equity-2015m-349Sullivan 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-40Town 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. …
https://www.osc.ny.gov/local-government/audits/justice-court/2017/11/21/town-chester-justice-court-operations-and-credit-card-and-employeeAmagansett Union Free School District – Financial Condition (2014M-91)
… 2012-13. The District has accumulated unexpended surplus funds of up to two times the amount allowed by statute. Two of the District’s reserve funds had excessive balances and no formal plan for funding … within statutory limits. Develop a formal plan for reserve funds. …
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)
… Purpose of Audit The purpose of our audit was to evaluate the Town’s financial management … 1, 2015 through August 25, 2016. Background The Town of Kortright is located in Delaware County and has a … Town of Kortright Financial Management 2016M397 …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kortright-financial-management-2016m-397Jefferson Central School District – Fund Balances (2015M-236)
… because District officials were historically transferring funds to them without using them; District officials do not … reserves. Review all reserve balances and transfer excess funds to unrestricted fund balance, where allowed by law, or use the reserve funds for their designated purposes. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/01/15/jefferson-central-school-district-fund-balances-2015m-236Cattaraugus-Allegany-Erie-Wyoming Board of Cooperative Educational Services – Financial Management (2016M-77)
… reserves. BOCES has restricted more than $15 million in funds that should have been returned to the component and … policy or plan for establishing, funding and using reserve funds. Ensure that all surplus funds, except those properly restricted in reserves in …
https://www.osc.ny.gov/local-government/audits/boces/2016/08/18/cattaraugus-allegany-erie-wyoming-board-cooperative-educational-services-financialSandy Creek Central School District – Reserve Management (2023M-43)
… (Board) and District officials properly managed reserve funds. Key Findings The Board and District officials did not properly manage reserve funds. The employee benefit accrued liability reserve (EBALR) … EBALR is only used for allowable expenditures. Transfer funds improperly maintained in the debt service fund to the …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/23/sandy-creek-central-school-district-reserve-management-2023m-43Town 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