Search
DiNapoli: June Tax Receipts Down 17.3% From Last Year
… State tax receipts in June were down $1.5 billion or 17.3 percent from the previous year, according to the monthly state cash … State tax receipts in June were down $15 billion or 173 percent from the previous year …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-june-tax-receipts-down-173-last-yearXVI.4.A Cash and Investments – XVI. Financial Reporting
… Policy References: GASB Statement No. 40 – Deposit and Investment Risk Disclosures (an amendment of GASB … Section C20 – Cash Deposits with Financial Institutions and GASB Codification Section I50 – Investments ) most … ) Process and Document Preparation: Cash includes all interest bearing and non-interest bearing deposits with …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4a-cash-and-investmentsVillage of Avon - Board Oversights and Professional Services (2018M-30)
… and executed and monitored contracts for professional services. Key Findings The Treasurer inaccurately recorded … and require and monitor written contracts for professional services. Village officials generally agreed with our … Village of Avon Board Oversights and Professional Services 2018M30 …
https://www.osc.ny.gov/local-government/audits/village/2018/05/18/village-avon-board-oversights-and-professional-services-2018m-30Comptroller’s Fiscal Update: Revenue Trends through the First Quarter, State Fiscal Year 2014-15, July 2014
All Governmental Funds tax collections through the first quarter were $1.3 billion higher than projected in this year’s Enacted Budget Financial Plan.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-update-1st-quarter-2014-15.pdfComptroller's Fiscal Update: Revenue Trends through the First Quarter, State Fiscal Year 2013-14, July 2013
All Governmental Funds tax collections through the first quarter were $321 million higher than projected in this year’s Enacted Budget Financial Plan.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-update-1st-quarter-2013-14.pdfEnvironmental, Social and Governance Report, March 2017
This report reviews the Fund’s ESG milestones and details the process we are following to implement its ESG investment philosophy and strategies.
https://www.osc.ny.gov/files/reports/special-topics/pdf/esg-report-mar2017.pdfTown of Warwick - Water and Sewer Fund Financial Condition (2018M-259)
Determine whether Town officials effectively managed the water and sewer funds’ financial condition to ensure the sustainability of current and future operation
https://www.osc.ny.gov/files/local-government/audits/pdf/warwick-259.pdfPolicy Regarding Use of Placement Agents By Investment Managers
This policy is designed to prevent conflicts of interest or the appearance of conflicts of interest in the Fund's investment decision-making process.
https://www.osc.ny.gov/files/common-retirement-fund/pdf/placement-agents-policy.pdfLancaster Central School District – Financial Management (2022M-37)
Determine whether the Lancaster Central School District (District) Board of Education (Board) and District officials properly managed fund balance and reserve funds.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/lancaster-2022-37.pdfGreenwich Central School District – Extra-Classroom Activities (2021M-20)
Determine whether Greenwich Central School District (District) officials adequately safeguarded extra-classroom activity (ECA) funds and collections and disbursements were properly accounted for.
https://www.osc.ny.gov/files/local-government/audits/2021/pdf/greenwich-central-2021-20.pdfDiNapoli Issues Preliminary Analysis of 2021-22 Executive Budget
… cuts, new revenues, use of fund balances and increased borrowing — demonstrating the need for significant federal … MTA capital spending. The budget proposes short-term borrowing options at the same $11 billion authorization level … While the factors that drove the need for short-term borrowing in 2020 have not disappeared, the level of concern …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-issues-preliminary-analysis-2021-22-executive-budgetDiNapoli: Governor Cuomo's Proposed Budget Continues Fiscal Progress
… that New York can achieve ongoing balance after decades of structural gaps,”DiNapoli said. “Still, without specific … collections of $58.3 billion were $2.4 billion higher than last year, but continued growth in the remaining two months … steps towards improved accountability by giving voters a say in the state’s debt burden through the $2 billion …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-governor-cuomos-proposed-budget-continues-fiscal-progressNY's Balance of Payments With Washington Remains Positive for Now, but Federal Actions Could Drastically Change State's Financial Picture
… taken by the Trump Administration and Congress may cut health care, food assistance, infrastructure and other … federal grants provide important support for services to children with disabilities or limited English proficiency, … in funds for public health, addiction services, and mental health programming. This loss of federal funding …
https://www.osc.ny.gov/press/releases/2025/04/nys-balance-payments-washington-remains-positive-now-federal-actions-could-drastically-change-statesFar Rockaway Pre-School Provider "Investor" Pleads Guilty in Theft of Education Funds Intended for Special Needs Students
… for special needs preschoolers was instead used by Daniel Laniado to buy diamonds and stock his private … The District Attorney identified the defendant as Daniel Laniado, 44, of Brooklyn. Laniado appeared yesterday …
https://www.osc.ny.gov/press/releases/2017/04/far-rockaway-pre-school-provider-investor-pleads-guilty-theft-education-funds-intended-special-needsXI.2.H Multiyear Contracts – XI. Procurement and Contract Management
… wait until the estimated five year budget is expended to alert OSC to a scope change. Agencies must continue to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2h-multiyear-contractsFormer Treasurer of Putnam Engine & Hose Co. of the Port Chester Volunteer Fire Dept. Pleads Guilty to Embezzling More Than $38,000
… for the Southern District of New York, William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field … and property." FBI Assistant Director William F. Sweeney Jr. said: "Those who serve the public should be held to a …
https://www.osc.ny.gov/press/releases/2018/12/former-treasurer-putnam-engine-hose-co-port-chester-volunteer-fire-dept-pleads-guilty-embezzling-moreDiNapoli: Audit Reveals Theft of Cash, Questionable Spending by Minetto Volunteer Fire Dept. Chief
… The chief of the Minetto Volunteer Fire Company in Oswego County spent nearly $6,000 in public … to the cash register and went on a spending spree with the fire company’s money,” said DiNapoli. “Residents trust public … that Smegelsky: Cashed a $1,863 refund check due to the fire company for overpaying a vendor; Failed to deposit …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-audit-reveals-theft-cash-questionable-spending-minetto-volunteer-fire-dept-chiefRevenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… disbursements. Review monthly analysis reports from the bank, along with monthly account reconciliations. … an automated financial management information system or online banking to track daily cash balances. Perform a … in time to avoid late payment charges. Consider using online banking and EFTs to optimize timing of disbursements. …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsDiNapoli: Jury Convicts Councilman Ruben Wills in Public Corruption Scheme
… with Attorney General Eric Schneiderman announced the jury conviction of New York City Councilman Ruben Wills … in public campaign funds and state grant money. The jury found Wills guilty of one count of a scheme to defraud … counts of filing a false instrument in the 1st degree. The jury acquitted Wills on a single charge of filing false …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-jury-convicts-councilman-ruben-wills-public-corruption-schemeDiNapoli: Metro North and LIRR Lax in Monitoring Overtime Paid For With Federal Stimulus Funds
Separate audits of MetroNorth Railroad and the LIRR found they failed to properly manage overtime paid by funds from the American Recovery and Reinvestment Act State Comptroller DiNapoli announced
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-metro-north-and-lirr-lax-monitoring-overtime-paid-federal-stimulus-funds