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State Agencies Bulletin No. 422.2
… are automatically deposited into the employee's checking or savings account. Agencies cannot use form AC230 , Report of Check Returned for Refund or Exchange, to process a paycheck reversal for employees in … direct deposit until the funds are successfully recovered or a Bank Check or Money Order is received. After paychecks …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/4222-revised-direct-deposit-delete-and-reversalsNYS Common Retirement Fund Reports Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated … with an estimated value of $197.3 billion, according to New York State Comptroller Thomas P. DiNapoli. "Like other … quarter and 3.47 percent in the second quarter. About the New York State Common Retirement Fund The New York State …
https://www.osc.ny.gov/press/releases/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsTown of Henrietta – Financial Management and Purchasing (2013M-208)
… those that are unnecessary. Segregate the duties of the payroll clerk and ensure that a payroll certification is completed. Establish adequate …
https://www.osc.ny.gov/local-government/audits/town/2014/01/24/town-henrietta-financial-management-and-purchasing-2013m-208Long Island Workforce Housing Act (2015-MR-4)
… local governments ensured that they complied with the Long Island Workforce Housing Act for the period January 1, 2009 … implemented the Long Island Workforce Housing Act (Act) in 2008 for the purpose of making homeownership more …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2016/01/08/long-island-workforce-housing-act-2015-mr-4DiNapoli Releases February State Cash Report
… first 11 months of the fiscal year, $277 million below the latest projections and $5.8 billion higher than last year for … collections of $67.8 billion were $81 million over DOB’s latest estimate and $1.1 billion over initial projections … billion, which was nearly $677 million higher than the latest projection and nearly $3.1 billion (27.8 percent) …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-releases-february-state-cash-reportFrewsburg Central School District – Internal Controls Over Selected Financial Activities (2013M-327)
… District officials also do not have a comprehensive payroll policy supported by written procedures. As a result, … District officials do not ensure that access rights to the payroll and human resource modules within the computerized … rights to update and edit employee leave time in the payroll and human resource modules. Review the conflicts of …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/frewsburg-central-school-district-internal-controls-over-selectedAwarding and Oversight of Statewide Interoperable Communications Grants (Follow-Up)
… April 5, 2017. We concluded that the Division awarded SICG funding to qualified recipients in accordance with its …
https://www.osc.ny.gov/state-agencies/audits/2018/11/13/awarding-and-oversight-statewide-interoperable-communications-grants-followCity of Batavia – Business Improvement District (2017M-283)
… management functions. The 2017-18 BID charge was $55,742. Key Findings The Council did not enter into a written … approximately $464,000 or an average of $42,000 each year. Key Recommendations Enter into a written agreement with the …
https://www.osc.ny.gov/local-government/audits/city/2018/04/06/city-batavia-business-improvement-district-2017m-283Andover Central School District - Financial Management (2018M-145)
… address the reasonableness of fund balance and reserves. Key Findings The Board annually appropriated fund balance … are overfunded and one reserve appears to be unneeded. Key Recommendations Adopt budgets that include reasonable …
https://www.osc.ny.gov/local-government/audits/school-district/2018/10/19/andover-central-school-district-financial-management-2018m-145Wyoming Central School District – Financial Management (2016M-67)
… review the District’s management of financial activities for the period July 1, 2012 through January 29, 2016. … portions of fund balance toward the subsequent year’s budget that were not used because they consistently … appropriations and the use of fund balance in the annual budget. Ensure that unrestricted fund balance is in …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/wyoming-central-school-district-financial-management-2016m-67City of Fulton – Fiscal Stress (2013M-310)
… Purpose of Audit The purpose of our audit was to review the City’s financial condition for the period January 1, 2012, to May 31, 2013. Background The City of Fulton is located in Oswego County. The Common …
https://www.osc.ny.gov/local-government/audits/city/2013/11/22/city-fulton-fiscal-stress-2013m-310Valhalla Union Free School District – Financial Condition (2015M-333)
… the Towns of Greenburgh, Mount Pleasant and North Castle in Westchester County. The District, which operates four … four consecutive fiscal years and underestimated revenues in two of the four fiscal years, creating cumulative … for their established purposes since being established in 2011. Key Recommendations Develop realistic budgets based …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/25/valhalla-union-free-school-district-financial-condition-2015m-333Village of Endicott – Budget Review (B4-13-8)
… the significant revenue and expenditure projections in the Village’s tentative budget for the 2013-14 fiscal year … reasonable. Background The Village of Endicott, located in Broome County, issued debt totaling $2 million to … budget complies with the property tax levy limit set by statute. Key Recommendation Address the deficits in the …
https://www.osc.ny.gov/local-government/audits/village/2013/04/10/village-endicott-budget-review-b4-13-8New York State Comptroller DiNapoli Statement on New York City's Adopted Budget
… New York City’s adopted $98.7 billion FY 2022 budget, … deposit into the Rainy Day Fund, a first of its kind. “New York City’s economy is bouncing back. Federal funding has …
https://www.osc.ny.gov/press/releases/2021/06/new-york-state-comptroller-dinapoli-statement-new-york-citys-adopted-budgetExamples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets
… Expenses, and Changes in Fund Net Assets Proprietary Funds For the Year Ended December 31, 2002 Business-Type … Internal Service Funds Operating revnues: Charges for services $11,329,883 $1,340,261 $12,670,144 $15,256,164 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-revenues-expenses-and-changes-net-assetsTown of Argyle – Town Clerk and Budgeting (2012M-231)
… over the Clerk’s office and the Town’s budgeting practices for the period January 1, 2010, to June 30, 2012. Background … 2007, the Town has incorrectly budgeted and accounted for all of its sales tax revenues, totaling $296,353, in the … Ensure that all Town-issued credit cards are used for business purposes only and the monthly credit card …
https://www.osc.ny.gov/local-government/audits/town/2013/03/11/town-argyle-town-clerk-and-budgeting-2012m-231Village of Pomona – Financial Condition (2015M-272)
… of Audit The purpose of our audit was to examine the Village’s financial condition for the period June 1, 2014 through July 10, 2015. Background The Village of Pomona is located in the Towns of Haverstraw and Ramapo in …
https://www.osc.ny.gov/local-government/audits/village/2015/12/31/village-pomona-financial-condition-2015m-272Floral Park-Bellerose Union Free School District – Financial Management (2013M-359)
… Purpose of Audit The purpose of our audit was to examine the District’s financial management for the period … year (approximately $10.3 million over a five-year period) to help finance the ensuing year’s operations, District … that was appropriated. This allowed District officials to make it appear that they were in compliance with the 4 …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/14/floral-park-bellerose-union-free-school-district-financial-managementTown of Wales – Financial Management (2017M-32)
… funds. The Board did not adopt a reserve fund policy or document plans for expected future use for two of its five … the Town’s operating needs based on historical trends or other known factors. Discontinue the practice of …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-wales-financial-management-2017m-32Village of Morris – Fund Balance (2017M-58)
… was to evaluate the Village’s fund balance management for the period June 1, 2015 through February 1, 2017. … In both the general and water funds, the contingency budget line exceeded the maximum allowable amount each year … needed reserves and reducing real property taxes. Adopt budget estimates for revenues and expenditures that reflect …
https://www.osc.ny.gov/local-government/audits/village/2017/06/09/village-morris-fund-balance-2017m-58