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DiNapoli: Fairport Audits Reveal Unauthorized Practices for Economic Development Agencies
… accounts, and combined and inaccurate accounting records for the FIDA, the FURA and the Village of Fairport Local … loans directly or through the FLDC using FIDA moneys; Seek reimbursement of the commercial loans it transferred to the … loans the FLDC issued using the FIDA’s moneys; Seek reimbursement of the FIDA’s startup capital from the FLDC and …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-fairport-audits-reveal-unauthorized-practices-economic-development-agenciesXVI.4.D Receivables Other Than Income Taxes and Federal Grants – XVI. Financial Reporting
… Policy References: Section 40-a of the State Finance Law generally sets forth the basis for … of receivables on the Statement of Net Position and Balance Sheet - "Accounts Receivable" and "Internal Balances … and disclosing uncollected tax revenues is included in Section 4.B - Tax Revenues of this Chapter. Leases - …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4d-receivables-other-income-taxes-and-federal-grantsChenango County Industrial Development Agency – Project Approval and Monitoring (2022M-10)
… County Industrial Development Agency (CCIDA) Board of Directors (Board) evaluated projects prior to approval and … and document its evaluation and approval process. In addition, the Board did not properly monitor the … tax exemptions to ensure they were not exceeded. Track payments in lieu of taxes (PILOTs) to ensure they were billed …
https://www.osc.ny.gov/local-government/audits/county/2022/04/22/chenango-county-industrial-development-agency-project-approval-and-monitoringTown of Lloyd - Financial Condition (2019M-108)
… overestimated expenditures in the general, water and sewer funds each year. Key Recommendations Include more realistic …
https://www.osc.ny.gov/local-government/audits/town/2019/08/02/town-lloyd-financial-condition-2019m-108Town of Stanford – Financial Management (2021M-130)
… report - pdf ] Audit Objective Determine whether the Town of Stanford (Town) Board properly managed the Town’s financial condition and adopted realistic budgets. Key … to fund general fund operations. Exceeded its fund balance policy limit by $645,366. Key Recommendations Adopt …
https://www.osc.ny.gov/local-government/audits/town/2021/09/24/town-stanford-financial-management-2021m-130Comptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority,” said DiNapoli. … the solicitation of multiple quotations or use of requests for proposals (RFPs) before awarding professional service … provide evidence that they had obtained quotations or RFPs for eight purchases totaling $194,308. Town of East Hampton – …
https://www.osc.ny.gov/press/releases/2016/11/comptroller-dinapoli-releases-municipal-auditsTown of Westerlo – Selected Financial Activities (2013M-323)
… through December 31, 2013. Background The Town of Westerlo is located in Albany County and is governed by a Town Board comprising the Town Supervisor … cash. Ensure that all bail received and disbursed is properly accounted for. … The purpose of our audit was to …
https://www.osc.ny.gov/local-government/audits/town/2014/03/28/town-westerlo-selected-financial-activities-2013m-323State Contract and Payment Actions in May
… the Office of the State Comptroller approved 791 contracts for state agencies and public authorities valued at $1.2 … payments valued at more than $21.4 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these …
https://www.osc.ny.gov/press/releases/2020/06/state-contract-and-payment-actions-mayState Comptroller DiNapoli Releases School Audits
… our local communities is a top priority," said DiNapoli. "By auditing municipal finances and operations, my office … exceeded actual expenditures by a total of $23.7 million, which resulted in appropriated fund balance not being used. … limit. Pine Bush Central School District – Claims Audit Process (Orange County) District officials established …
https://www.osc.ny.gov/press/releases/2017/10/state-comptroller-dinapoli-releases-school-audits-1DiNapoli: 90 School Districts in Fiscal Stress
… The second round of scoring designated 10 school districts in “significant fiscal stress,” 27 in “moderate fiscal stress” and 53 as “susceptible to fiscal … stress.” Last year, a total of 87 districts were listed in fiscal stress. “School districts are the hearts of many of …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-90-school-districts-fiscal-stressTown of Salem – Financial Management (2015M-295)
… Purpose of Audit The purpose of our audit was to review the Town’s financial management … January 1, 2013 through June 30, 2015. Background The Town of Salem is located in Washington County and has a population …
https://www.osc.ny.gov/local-government/audits/town/2016/01/29/town-salem-financial-management-2015m-295DiNapoli: After-School Provider Misused $194,320 in Public Funds
… to its programs, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. “Children who … School Age Child Care/Afterschool Program. DiNapoli’s auditors, however, found that more than 30 percent of SCO’s …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-after-school-provider-misused-194320-public-fundsWall Street Bonuses Declined in 2011
… reforms.” The Comptroller also estimates that profits for the broker/dealer operations of New York Stock Exchange … member firms, the traditional measure of profitability for the securities industry, did not exceed $13.5 billion in … number of large firms announced reductions in cash bonuses for 2011 (with several firms reporting reductions in the …
https://www.osc.ny.gov/press/releases/2012/02/wall-street-bonuses-declined-2011Implications for New York State of a Federal Government Shutdown, April 2011
The federal government has been operating under Continuing Resolutions since the start of the new federal fiscal year that began October 1, 2010.
https://www.osc.ny.gov/files/reports/special-topics/pdf/federal-shutdown-2011.pdfDiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City
… downstate regions. Other findings in the report include: Enrollment is generally down, dropping at least 5 percent in … at 15.7 percent, while the Mid-Hudson had the lowest at 12.6 percent. Districts statewide spent, on average, $20,820 … the total number of English language learners from K-12 increased from 59,222 to 91,448–a jump of 54.4 percent …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-report-analyzes-regional-trends-education-school-districts-outside-new-york-cityReimbursement of Homeless Shelter Providers – Rescue Mission Alliance of Syracuse (Follow-Up)
… – Rescue Mission Alliance of Syracuse (Report 2021-S-34 ). About the Program The Office of Temporary and … administered through the Local Districts, comprising the New York City Department of Homeless Services and 57 county …
https://www.osc.ny.gov/state-agencies/audits/2024/07/26/reimbursement-homeless-shelter-providers-rescue-mission-alliance-syracuse-followState Comptroller DiNapoli Releases Municipal Audits
… The town's preliminary budget complies with the property tax levy limit. East Bloomfield Fire District – Financial … The city's proposed budget complies with the property tax levy limit. Rockland County – Budget Review Auditors … The county's proposed budget complies with the property tax levy limit. Village of South Corning – Clerk-Treasurer's …
https://www.osc.ny.gov/press/releases/2017/11/state-comptroller-dinapoli-releases-municipal-audits-0DiNapoli: IDA Report Shows Tax Break Growth Slows
… The report also showed that downstate regions accounted for 57 percent of the total net jobs gained through IDA … of the statewide total. IDAs in upstate regions accounted for 43 percent of the total net jobs gained. "IDA projects … of 208,707 jobs. Service industry positions accounted for 47,732, or 23 percent, of the total net jobs gained, …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-ida-report-shows-tax-break-growth-slowsIX.7.C Fringe Benefits and Indirect Costs – IX. Federal Grants
… government may request the negotiation of a separate rate for distinctive programs instead of using the standard rate determined by the Division of Budget. For example, a special rate can be developed for a state-administered program or an organizational unit …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix7c-fringe-benefits-and-indirect-costsState Contract and Payment Actions in September
… Office of the State Comptroller approved 1,661 contracts for state agencies and public authorities valued at $1.9 … 3,200 payments valued at more than $6.4 million, primarily for mistakes, insufficient support for charges and improper payments. More information on these …
https://www.osc.ny.gov/press/releases/2024/10/state-contract-and-payment-actions-september