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State Comptroller DiNapoli Releases School Audits
… our local communities is a top priority," said DiNapoli. "By auditing municipal finances and operations, my office … estimated appropriations that exceeded actual expenditures by a total of $23.7 million, which resulted in appropriated … – Payroll (Saratoga County) Three employees were overpaid by $1,433 because annual raises were incorrectly inputted …
https://www.osc.ny.gov/press/releases/2017/10/state-comptroller-dinapoli-releases-school-audits-1Financial Condition of New York State Regional Off-Track Betting Corporations (2014-MS-6)
… OTB Corporation is a public benefit corporation governed by a Board of Directors. The OTB Corporations offer off-track … five OTB Corporations’ total operating revenues decreased by $28.6 million (24 percent) from 2009 through 2013. The net … revenue – operating revenues less expenses – decreased by $12.4 million over the five-year period for the five OTB …
https://www.osc.ny.gov/local-government/audits/off-track-betting/2015/09/25/financial-condition-new-york-state-regional-track-betting-corporations-2014American Academy of Pediatrics, District II
… (Department) made to the American Academy of Pediatrics, District II (AAP) under contract C028275.After identifying … scope to include select payments under contracts C018189 and C022937. We sought to determine whether the expenses were … paid AAP approximately $1.5 million under these contracts for expenses related to various immunization initiatives. Key …
https://www.osc.ny.gov/state-agencies/audits/2014/02/28/american-academy-pediatrics-district-iiArgyle Central School District – Internal Controls Over Payroll (2014M-051)
… District had established effective internal controls over payroll and leave accruals for the period July 1, 2012 … independent review of the payroll process by reviewing and certifying the final payrolls. However, the Superintendent’s …
https://www.osc.ny.gov/local-government/audits/school-district/2014/07/25/argyle-central-school-district-internal-controls-over-payroll-2014m-051New York State Comptroller DiNapoli Statement on MTA Finances
… amid weakness in real estate transaction taxes, a concern my office raised last year. “The plan also incorporates wage … urge the MTA to use its improved fiscal outlook to better manage debt and not burden future riders and taxpayers. In … servicing debt, even as it has pushed out payments to manage its fiscal challenges. Ultimately, the path to …
https://www.osc.ny.gov/press/releases/2023/07/new-york-state-comptroller-dinapoli-statement-mta-financesCapital – 2023 Financial Condition Report
… A robust, efficiently managed capital investment program can support healthy economic growth, while the deterioration of capital assets can weaken the State’s economy and its ability to attract and retain business. Capital assets include not only highways and bridges, but …
https://www.osc.ny.gov/reports/finance/2023-fcr/capitalMessage from the Comptroller – 2023 Financial Condition Report
… Despite significant uncertainty caused by inflation and other factors, State Fiscal Year (SFY) … reductions to projected State tax revenues driven by declining personal income tax receipts. Federal aid … of this funding is scheduled to be substantially depleted by the end of SFY 2024-25. State tax receipts totaled $111.7 …
https://www.osc.ny.gov/reports/finance/2023-fcr/message-comptrollerRockland County – Budget Review (B22-6-9)
… of Budget Review The purpose of our budget review was to determine whether the significant revenue and expenditure … and Westchester counties, was authorized to issue debt not to exceed $96 million to liquidate the accumulated … Finance Law Section 10.10 requires all municipalities that have been authorized to issue obligations to fund operating …
https://www.osc.ny.gov/local-government/audits/county/2022/11/18/rockland-county-budget-review-b22-6-9DiNapoli Announces Sale of $914.3 Million State of New York General Obligation Refunding Bonds
… sale, the bonds were awarded to J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC. Specifically, the sales were for $211.4 million of … were as follows: Bidding Group 1 to J.P. Morgan Securities LLC with a true interest cost bid of 1.950864 percent; …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-announces-sale-9143-million-state-new-york-general-obligation-refunding-bondsOpinion 2005-9
… high school district must take the training required by section 2102-a of the Education Law if he or she was … high school district, must take the training required by section 2102-a of the Education Law if he or she was … that date. Section 2102-a of the Education Law, added by chapter 263 of the Laws of 2005, provides that every …
https://www.osc.ny.gov/legal-opinions/opinion-2005-9DiNapoli Report Examines Troubling Child Poverty Trends
… A new report by State Comptroller Thomas P. DiNapoli details … and we should act with urgency to use them.” DiNapoli’s report found: Nearly one in five New York children live in … poverty by half by 2031. As recommended in DiNapoli’s 2022 report on New Yorkers in Need, CPRAC is looking to implement …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-report-examines-troubling-child-poverty-trendsTax Cap Compliance
… form – Select option 3. Email us at LGSAMonitoring@osc.ny.gov … Find information on Tax Cap Compliance below …
https://www.osc.ny.gov/local-government/property-tax-cap/tax-cap-complianceDiNapoli: Majority of Cities and Villages Statewide Below Fiscal Stress Threshold
… Comptroller Thomas P. DiNapoli’s Fiscal Stress Monitoring System has identified seven villages and three cities in New York in some level of fiscal stress in 2018. DiNapoli evaluated all non-calendar year local … villages, which predominantly have a fiscal year ending on May 31. The 2018 scores are the most recent round, which also …
https://www.osc.ny.gov/press/releases/2019/03/dinapoli-majority-cities-and-villages-statewide-below-fiscal-stress-thresholdOversight of Campus Foundations (Follow-Up)
To determine the extent of implementation of the four recommendations included in our initial audit report Oversight of Campus Foundations Report 2016S93
https://www.osc.ny.gov/state-agencies/audits/2019/09/06/oversight-campus-foundations-followThe 80/20 Housing Program (Follow-Up)
… Purpose To determine the extent of implementation of the … the Housing Finance Agency (HFA). HFA's mission is to create and preserve high-quality, affordable, multifamily …
https://www.osc.ny.gov/state-agencies/audits/2018/11/13/8020-housing-program-followDiNapoli: Fiscal Stress Remains Low Among Villages
… relatively low among New York's villages," said DiNapoli. "I continue to encourage local officials to be mindful about … officials with more easy-to-understand information that can help them address specific challenges facing their …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-fiscal-stress-remains-low-among-villagesOpinion 93-18
… longer represent those views if, among other things, there have been subsequent court cases or statutory amendments that … the opinion. FIRE COMPANY -- Powers and Duties (authority to require referendum on establishment of service award … VOLUNTEER FIREFIGHTERS -- Service Award Program (authority to require referendum on establishment of program) GENERAL …
https://www.osc.ny.gov/legal-opinions/opinion-93-18Opinion 94-11
… with the annual inspection dinner. September 12, 1994 Raymond F. Concannon, Esq., Attorney at Law North Merrick …
https://www.osc.ny.gov/legal-opinions/opinion-94-11Pipeline Safety Oversight
… Purpose To determine whether the Public Service Commission (PSC) is providing oversight of pipeline safety in …
https://www.osc.ny.gov/state-agencies/audits/2016/03/08/pipeline-safety-oversightExamples from GASB Statement 34 - Sample City Balance Sheet Governmental Funds
… 1,115,632 1,074,831 16,812,584 Fund balances: Reserved for: Inventories 182,821 182,821 Liens … $13,616,035 $10,478,037 $10,698,303 Amounts reported for governmental activities in the statement of net assets … Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-2