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Town 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.pdfOpinion 88-36
… in the opinion. COUNTY SHERIFF -- Liability (loss of funds) INSURANCE -- Liability Insurance (authority of county … of strict or absolute liability for the loss of public funds. Hence, liability exists whether or not the sheriff is … employee also may be personally liable for loss of public funds caused by misconduct, whether intentional or negligent. …
https://www.osc.ny.gov/legal-opinions/opinion-88-36Westchester County - Financial Condition (2018M-151)
… last five years. Financial condition continued to decline in 2017 when it experienced an operating deficit of $32.2 million in the general fund. Cash balances that have declined by 54 … Discontinue the practice of using one-time revenues to finance recurring expenditures. Repay the advances made from …
https://www.osc.ny.gov/local-government/audits/county/2018/10/23/westchester-county-financial-condition-2018m-151Sweet Home Central School District – Financial Management (2022M-166)
… the Sweet Home Central School District’s (District) Board of Education (Board) and District officials properly managed … which was improperly restricted in a debt reserve as of June 30, 2021. The Board unnecessarily appropriated $2 . 4 million of fund balance each year and real property taxes were …
https://www.osc.ny.gov/local-government/audits/school-district/2023/03/31/sweet-home-central-school-district-financial-management-2022m-166Wilson Central School District - Financial Management (2022M-22)
… average unemployment expenditure. By maintaining surplus funds in excess of the statutory limit and maintaining excess … to comply with the statutory limit and use the excess funds in a manner more beneficial to taxpayers. Return funds inappropriately restricted in the debt reserve to …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/wilson-central-school-district-financial-management-2022m-22Pompey Hill Fire District – Financial Management (2021M-136)
… (Board) properly established and managed capital reserve funds, ensured records were audited and annual reports were … referendum. The District used $97,000 of capital reserve funds for operating costs which was not an authorized use of the reserve funds. Key Recommendations Officially establish the capital …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/11/05/pompey-hill-fire-district-financial-management-2021m-136Village of Delhi – Financial Condition (2013M-110)
… when developing budget estimates that are consistent with the Village’s actual revenues and expenditures. Set …
https://www.osc.ny.gov/local-government/audits/village/2013/07/26/village-delhi-financial-condition-2013m-110East Irondequoit Central School District - Financial Management (2019M-28)
… complete report - pdf] Audit Objective Determine whether the Board effectively managed District finances by adopting … to 2017-18. The District also maintained 11 proper reserve funds totaling $34 million at June 30, 2018. During the last … District officials disagreed with certain aspects of our findings and recommendations, but indicated they …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/18/east-irondequoit-central-school-district-financial-management-2019m-28Red Creek Central School District – Financial Condition (2016M-365)
… Cayuga County. The District, which operates three schools with approximately 920 students, is governed by an elected …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/30/red-creek-central-school-district-financial-condition-2016m-365Sayville Union Free School District – Financial Condition and Cellular Telephones (2015M-86)
… Purpose of Audit The objectives of our audit were to evaluate the District’s financial activities and cellular … The Sayville Union Free School District is located in the Town of Islip, Suffolk County. The District, which is … budgets, experienced large operating surpluses and did not use the appropriated fund balance included in its …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/14/sayville-union-free-school-district-financial-condition-and-cellularHarpursville Central School District – Financial Management (2013M-261)
… District officials’ management over financial activities for the period July 1, 2011 through June 30, 2013. Background … elected members. The District’s budgeted expenditures for the 2013-14 fiscal year were approximately $16.1 million. … did not ensure that fund balances were reasonable. For the five-year period ending June 30, 2013, District …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/03/harpursville-central-school-district-financial-management-2013m-261Lancaster Central School District – Financial Condition (2016M-101)
… have not developed a plan to ensure that debt reserve funds are used for related debt obligations. The written policy for reserves … the annual budget. Ensure the debt reserve is used to pay related debt as required. Update the existing reserve policy …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/lancaster-central-school-district-financial-condition-2016m-101Pembroke Central School District - Investment Program (2023M-130)
… earnings totaling over $153,000 from money on deposit in its 15 bank accounts at two financial institutions, which …
https://www.osc.ny.gov/local-government/audits/school-district/2024/04/19/pembroke-central-school-district-investment-program-2023m-130DiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter
… fiscal year 2024-25. For the three-month period ending June 30, 2024, Fund investments returned an estimated 1.38%. … the quarter. Its estimated value was $267.7 billion as of March 31, 2024 , the end of the state’s fiscal year. As of June 30, the Fund had 42.32% of its assets invested in …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-state-pension-fund-valued-267-point-7-billion-end-first-quarterDiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter
… New York State Comptroller Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $274.6 … and real assets (13.32%) and credit, absolute return strategies, and opportunistic alternatives (8%). The Fund’s …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarterOpinion 2000-2
… performances and exhibits of art and art forms" (see also County Law, §224[13]; General City Law, §20[25-b]). While …
https://www.osc.ny.gov/legal-opinions/opinion-2000-2Internal Controls Over the Governor’s Office of Storm Recovery’s Federally Funded Programs
… across the State. GOSR operates within the Housing Trust Fund Corporation, which is a component of HCR. In October …
https://www.osc.ny.gov/state-agencies/audits/2024/10/30/internal-controls-over-governors-office-storm-recoverys-federally-funded-programsDiNapoli: City of Troy's Finances in Precarious Position
… by the Board. “City officials were repeatedly cautioned by my office about adopting unbalanced and unrealistic budgets,” …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-city-troys-finances-precarious-positionDiNapoli Releases Analysis of State Budget Financial and Capital Plans
… The state's fiscal year (SFY) 2018-19 Enacted Budget Financial … by SFY 2021-22. Total tax receipts this year are projected at $77.9 billion, down 1.7 percent from the previous year, … as well as other budget management actions; Spending on Capital Projects Decreasing: Capital spending is projected …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansComptroller DiNapoli Releases State Audits
… issued in December 2009, examined whether the DOH’s eMedNY system reasonably assured that Medicaid claims were submitted …
https://www.osc.ny.gov/press/releases/2014/01/comptroller-dinapoli-releases-state-audits