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Poughkeepsie City School District - Budgeting (2018M-226)
… limit. Surplus funds can be used as a financing source for funding one-time expenditures, funding needed reserves, …
https://www.osc.ny.gov/local-government/audits/school-district/2019/11/15/poughkeepsie-city-school-district-budgeting-2018m-226City of Yonkers - Internal Controls Over Cash Collections (2018M-14)
… 30 percent of its revenues ($17,241) collected from credit card payments due to the credit card vendor improperly … work with the credit card vendor and the Internal Revenue Service (IRS) to recover funds withheld. Provide oversight …
https://www.osc.ny.gov/local-government/audits/city/2019/11/22/city-yonkers-internal-controls-over-cash-collections-2018m-14Examples from GASB Statement 34 - Statement of Fiduciary Net Assets
… Examples from GASB Statement 34 included in this bulletin, copyright … Examples from GASB Statement 34 Statement of Fiduciary Net Assets …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-fiduciary-net-assetsDiNapoli Releases Analysis of Enacted State Budget
… from DOH indicates that the proposed federal changes could result in estimated lost federal funding of $10.1 billion and …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-releases-analysis-enacted-state-budgetOpinion 95-28
… or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Deposits and Investments (in obligation issued by a financial institution and secured by a letter of credit issued by a Federal Home Loan Bank) LOCAL LAWS -- Municipal Funds (authorizing …
https://www.osc.ny.gov/legal-opinions/opinion-95-28DiNapoli Releases Report on NYS Executive Budget
… Economy and Revenue While both the number of jobs and workers nationally exceed their pre-pandemic levels, New York …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-releases-report-nys-executive-budgetOpinion 2005-4
… for transfer from unemployment insurance reserve fund) GENERAL MUNICIPAL LAW §§6-m, 6-p; EDUCATION LAW §§1804(6)(c), … is subject to the permissive referendum requirements of General Municipal Law §6-p for the transfer of monies from an … is subject to the permissive referendum requirements of General Municipal Law §6-p for the transfer of monies from an …
https://www.osc.ny.gov/legal-opinions/opinion-2005-4Saratoga County – Financial Condition (2013M-235)
… Maplewood Manor caused by the increasing costs to run the facility. The total general fund balance decreased 41 … of operations at Maplewood Manor and be prepared to make decisions to minimize the impact of any potential negative …
https://www.osc.ny.gov/local-government/audits/county/2013/10/04/saratoga-county-financial-condition-2013m-235NYS Common Retirement Fund Announces First Quarter Results
… The remaining Fund assets by allocation are invested in cash, bonds and mortgages (23.6 percent), private equity (8.3 …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsCincinnatus Central School District – Fund Balance and Reserves (2014M-191)
… surplus fund balance is in compliance with Real Property Tax Law statutory limits and reduce the amount of unexpended …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/cincinnatus-central-school-district-fund-balance-and-reserves-2014m-191DiNapoli: State Tax Receipts Remain Above Budget Division Projections Through Mid-Year
… than financial plan estimates from the Division of Budget (DOB), according to the monthly State Cash Report released by … in 2025. PIT receipts were $756.5 million above DOB’s financial plan projections. Year-to-date consumption … the same period last year, and $253.4 million higher than DOB anticipated. Sales tax receipts, the largest share of …
https://www.osc.ny.gov/press/releases/2025/10/dinapoli-state-tax-receipts-remain-above-budget-division-projections-through-mid-yearDiNapoli: State Tax Receipts Higher Than Projections in First Quarter
State tax receipts totaled $332 billion through the first quarter of State Fiscal Year SFY 202526 $5805 million higher than the most recent Division of the Budget DOB estimates State tax collections were also $33 billion higher than the first quarter of 2024
https://www.osc.ny.gov/press/releases/2025/07/dinapoli-state-tax-receipts-higher-projections-first-quarterState Comptroller DiNapoli Releases Municipal Audits
… did not provide adequate oversight of district financial activities, which hindered its ability to monitor financial … reports. Upper Jay Volunteer Fire Department – Financial Activities (Essex County) Department officials did not ensure financial activities were properly recorded and reported and funds were …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-auditsTown of Ontario – Board Oversight and Information Technology (2013M-105)
… Purpose of Audit The purpose of our audit was to review Board oversight and information technology (IT) controls for the period January 1, 2011, through September 19, 2012. … accounted for them and repaid them timely in accordance with law. The Board consistently adopted budgets with …
https://www.osc.ny.gov/local-government/audits/town/2013/08/16/town-ontario-board-oversight-and-information-technology-2013m-105Village of Catskill – Financial Condition (2014M-134)
… and transparency are reduced. The water and sewer funds have substantial unassigned and unappropriated fund … of May 31, 2013, without plans for reserves or use of the funds. Such plans would be a useful tool for the Board to … include defining reasonable amounts of unexpended surplus funds and reserves that the Village should maintain. Develop …
https://www.osc.ny.gov/local-government/audits/village/2014/08/08/village-catskill-financial-condition-2014m-134DiNapoli: State Tax Receipts Through First Half of Fiscal Year Exceed Projections by $2.4 Billion
… the latest projections from the First Quarterly Update by $2.4 billion, according to the September State Cash Report released by State Comptroller Thomas P. DiNapoli. “Tax collections … last year, and $130.9 million higher than anticipated by DOB. Business taxes totaled $12.9 billion, or double the …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-state-tax-receipts-through-first-half-fiscal-year-exceed-projections-2-point-4-billionState Agencies Bulletin No. 422.1
… submitted for each check date. Requests can be processed up to five business days following the check date per the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/4221-direct-deposit-stop-payments-and-reversalsTown of Wawayanda – Financial Management and Information Technology (2013M-260)
… Purpose of Audit The purpose of our audit was to assess the Town's financial management and controls over information technology (IT) for the period January 1, 2012, to April 30, 2013. Background The …
https://www.osc.ny.gov/local-government/audits/town/2013/11/29/town-wawayanda-financial-management-and-information-technology-2013m-260Village of Deposit – Fiscal Monitoring and Selected Financial Operations (2013M-205)
… our audit was to review the Village’s financial condition and selected financial operations for the period March 1, … The Village of Deposit is located in Delaware County and has a population of 1,663. The Village is governed by an … five-member Village Board comprising the Village Mayor and four Trustees. The Village’s 2013-14 budgeted …
https://www.osc.ny.gov/local-government/audits/village/2013/12/13/village-deposit-fiscal-monitoring-and-selected-financial-operations-2013m-205DiNapoli: State Pension Fund Valued at $233.2 Billion at End of Second Quarter
… returned an estimated -3.85%. “The recent volatility in the markets and concerns over the state of the economy … It has consistently been ranked as one of the best managed and best funded plans in the nation. …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-state-pension-fund-valued-2332-billion-end-second-quarter