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Sodus Central School District – Financial Management (2016M-392)
… Background The Sodus Central School District is located in the Towns Arcadia and Sodus, Wayne County. The District, … fiscal years 2012-13 through 2015-16, operations resulted in 84 percent of appropriated fund balance remaining unused … Discontinue the practice of adopting budgets that result in the appropriation of fund balance and reserve funds that …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/23/sodus-central-school-district-financial-management-2016m-392Schuylerville Central School District – Fund Balance (2016M-113)
… Purpose of Audit The purpose of our audit was to review the District’s financial condition … students, is governed by an elected seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/schuylerville-central-school-district-fund-balance-2016m-113Town of Canajoharie – Budgeting and Allocating Sales Tax Revenue (2021M-204)
… Town of Canajoharie (Town) officials properly budget for and allocate sales tax revenue. Key Findings Town officials did not properly budget for and allocate sales tax revenue. As a result, Town … of $83,477 (21 percent) for fiscal years 2018 through 2020. During fiscal years 2018 through 2021, the Board …
https://www.osc.ny.gov/local-government/audits/town/2022/03/04/town-canajoharie-budgeting-and-allocating-sales-tax-revenue-2021m-204Cohoes City School District – Budgeting (2016M-111)
… approximately $40.3 million. Key Findings The District did not have a formal plan for funding reserves, determining how … budgeted appropriations to ensure that the tax levy is not higher than required. … Cohoes City School District …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/29/cohoes-city-school-district-budgeting-2016m-111New Hyde Park-Garden City Park Union Free School District – Financial Management (2014M-7)
… District’s financial operations and use of fund balance for the period of July 1, 2011 through June 30, 2013. Background The New Hyde Park-Garden City Park Union Free School District is located in the Towns of Hempstead and North Hempstead in Nassau …
https://www.osc.ny.gov/local-government/audits/school-district/2014/06/20/new-hyde-park-garden-city-park-union-free-school-district-financialHewlett-Woodmere Union Free School District – Financial Condition (2016M-402)
… expenditures over the three-year period, the appropriated fund balance totaling $9.6 million was not used, resulting in the District’s unrestricted fund balance exceeding the statutory limit. The Board … two reserves. Key Recommendations Adopt general fund budgets that include realistic estimates for …
https://www.osc.ny.gov/local-government/audits/school-district/2017/01/27/hewlett-woodmere-union-free-school-district-financial-condition-2016m-402Village of Solvay – Financial Management (2023M-49)
… Board. Take action to ensure electric fund revenues kept pace with expenses. Ensure that annual payments from the …
https://www.osc.ny.gov/local-government/audits/village/2023/07/14/village-solvay-financial-management-2023m-49Village of Endicott – Budget Review (B4-16-7)
… expenditure projections in the Village’s tentative budget for the 2016-17 fiscal year are reasonable. Background The … fund operating deficits to submit their tentative budgets for the next fiscal year to the State Comptroller for review while the deficit obligations are outstanding. Key …
https://www.osc.ny.gov/local-government/audits/village/2016/04/15/village-endicott-budget-review-b4-16-7eLearning Videos and Resources
… of Deposit (CD) Accounts – New Resources from this Video NYS Abandoned Property Law Industry Handbooks Due Diligence … Resources from this Video Due Diligence Requirements NYS Abandoned Property Law Industry Handbooks U.S. Securities … Compliance Program Video Resources from this Video NYS Abandoned Property Law Rules of Jurisdiction Industry …
https://www.osc.ny.gov/unclaimed-funds/reporters/elearning-videos-and-resourcesDiNapoli Releases Analysis of Executive Budget
… The $168.2 billion State Fiscal Year (SFY) 2018-19 Executive … picture but also weakens checks and balances over the use of public dollars, according to a report released today by … Transportation Authority without an appropriation, which would eliminate a $1.4 billion disbursement. DiNapoli's …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-releases-analysis-executive-budgetTown of Wawarsing - Financial Oversight of Select Activities (2018M-239)
To examine the adequacy of internal controls over selected financial activities to properly account for and safeguard Town funds.
https://www.osc.ny.gov/files/local-government/audits/pdf/wawarsing-2018-239.pdfDiNapoli Releases Analysis of 2022-23 Enacted State Budget
… aid and better-than-expected revenues allowed for a steep increase in spending in the $220.5 billion enacted state … last full fiscal year before the onset of the pandemic, an increase of $47.5 billion over the period. Education and … 2021-22 to $30.9 billion in school year 2022-23, a 7.2% increase. Allowable spending under the Medicaid global cap is …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-releases-analysis-2022-23-enacted-state-budgetII.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
… statements consist of statements comprised of both government-wide and fund financial statements and notes to … activities of the primary government and component units. In addition, information is provided for each major … have been met. Non-exchange grants and subsidies, such as local assistance grants and public benefit corporation …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsOpen Educational Resources
… courses, course materials, modules, textbooks, streaming videos, tests, or software. OER can be used, reused, and …
https://www.osc.ny.gov/state-agencies/audits/2025/03/27/open-educational-resourcesDiNapoli Releases Analysis of SFY 2024-25 State Budget
… aid to $24.9 billion in SY 2024-25. School aid has grown 29.4% since SFY 2019-20, largely reflecting the … including hospitals, nursing homes, clinics and home care providers. The state has had difficulty containing costs … in several reports. Federal approval of a tax on managed care organizations is also not assured, yet the state assumes …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-releases-analysis-sfy-2024-25-state-budgetEducators for Children, Youth and Families, Inc. – Use of Contract Funds (Follow-Up)
… Youth and Families, Inc. (Educators) appropriately used State funds received from the State Education Department (SED) and the Office of Children … of expenditures claimed. Of this amount, $687,360 was paid by SED and $196,170 was paid by OCFS. The $196,170 of …
https://www.osc.ny.gov/state-agencies/audits/2013/08/13/educators-children-youth-and-families-inc-use-contract-funds-followDiNapoli Releases January State Cash Report
… through January, which was $582.3 million higher than the Division of the Budget’s (DOB) latest projections and $4.8 billion … 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/2016/02/dinapoli-releases-january-state-cash-reportDiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
… New York State Comptroller Thomas P. DiNapoli announced today an estimated 13.02 percent rate of return for the New York State Common Retirement Fund (Fund) now valued at an …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionXII.9.F Correcting Payments Processed Against the Incorrect Purchase Order – XII. Expenditures
… SECTION OVERVIEW AND POLICIES The purpose of this section is to provide … a purchase order to encumber funds against the contract, and then liquidate against the purchase order through the … of Appropriations Against Contract Expenditures . Process and Document Preparation: In the event that a Business Unit …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii9f-correcting-payments-processed-against-incorrect-purchase-orderNYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated … bonds and mortgages (21.96%), private equity (11.21%), real estate and real assets (7.96%) and credit, absolute return strategies …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-results