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Islip Fire District – Financial Condition (2020M-25)
… the audit period. Did not properly plan for the funding of and spending from reserves. In addition, the Board … Adopt a fund balance policy that addresses the level of fund balance to be maintained in the operating fund. In …
https://www.osc.ny.gov/local-government/audits/fire-district/2020/05/22/islip-fire-district-financial-condition-2020m-25Town of Hornellsville – Financial Management and Town Clerk Operations (2014M-21)
… our audit was to review the Board’s financial management and evaluate the operations and financial practices of the Clerk’s office for the period of January 1, 2012 through November 1, 2013. … of our audit was to review the Boards financial management and evaluate the operations and financial practices of the …
https://www.osc.ny.gov/local-government/audits/town/2014/05/21/town-hornellsville-financial-management-and-town-clerk-operations-2014m-21Opinion 88-51
… (procedure for abolition of); (use of moneys for dredging lake) GENERAL MUNICIPAL LAW, §§6-c(1)(b), 6-d: Moneys in a … repair reserve fund may be expended for the dredging of a lake if the work is intended to restore the lake to its … must be examined. In 1984 Opns St Comp No. 84-8, p 10, we noted that, for purposes of the Internal Revenue Code, …
https://www.osc.ny.gov/legal-opinions/opinion-88-51Opinion 96-22
… Reserve Fund (transfer of moneys to contingency and tax stabilization reserve fund); (use of moneys in fund following … fund may not be transferred to a contingency and tax stabilization reserve fund. Following the abandonment of the … landfill may be transferred into a contingency and tax stabilization reserve fund if the town no longer needs to …
https://www.osc.ny.gov/legal-opinions/opinion-96-22DiNapoli Audit: Pre-K Special Education Provider Spent $2.5 Million in Unallowed Expenses
… the State Education Department (SED) for $2.6 million in expenses that were not allowed. “The State Education … required. The audit initially examined the $16.4 million in reimbursable costs the school reported to SED for the … years. The audit recommended SED disallow $2,585,454 in expenses the school reported to the state for …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-audit-pre-k-special-education-provider-spent-25-million-unallowed-expensesNYS Comptroller DiNapoli Writes to President Biden in Support of His Planned Veto of Anti-ESG Resolution
… funds that are subject to the Employee Retirement Income Security Act to consider environmental, social and governance … be allowed to play political football with the retirement security of millions of hardworking Americans. My thanks to … The Fund is not subject to the Employee Retirement Income Security Act (ERISA) or the Department of Labor’s rules, but …
https://www.osc.ny.gov/press/releases/2023/03/nys-comptroller-dinapoli-writes-president-biden-support-his-planned-veto-anti-esg-resolutionDiNapoli: Former Long Island School Official Pleads Guilty in Kickback Scheme
… Maria Caliendo, the owner of food service providers Smart Starts NY, Inc. (“Smart Starts”) and Prince Umberto’s restaurant in Franklin Square, … secure lucrative contracts for Caliendo’s company, Smart Starts, to provide prepackaged breakfast meals for Hempstead …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-former-long-island-school-official-pleads-guilty-kickback-schemeNYS Comptroller DiNapoli: One of Largest U.S. Carbon Emitters Commits to Lower GHG Emissions
… today announced that American Electric Power (AEP), one of the largest carbon emitters in the country, has … decarbonize their business operations. AEP ranks among one of the largest electricity producers in the United … of the Fund's US equity holdings, and is also listed as one of the largest corporate GHG emitters in the world by …
https://www.osc.ny.gov/press/releases/2018/02/nys-comptroller-dinapoli-one-largest-us-carbon-emitters-commits-lower-ghg-emissionsState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… the long-term assumed rate of return on investments from 7 percent to 6.8 percent, anticipating a lower return … rate for PFRS will increase by 0.9 percent, from 23.5 percent to 24.4 percent of payroll. NYSLRS is made up of … changed. In 2010, he decreased the rate from 8 percent to 7.5 percent, and in 2015 to 7 percent. The median assumed …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredAwarding and Oversight of Statewide Interoperable Communications Grants
… Purpose To determine if the Division of Homeland Security and Emergency Services awarded contracts to entities that met eligibility requirements and if the Division provided adequate oversight of the … Grant awards to ensure grant funds were allocated and spent for intended purposes. This audit covered the …
https://www.osc.ny.gov/state-agencies/audits/2017/07/18/awarding-and-oversight-statewide-interoperable-communications-grantsDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… water and sewer projects far exceeds this amount, and tens of billions of dollars in local projects remain in the pipeline, … to help communities access funding to ensure the success of these programs continues.” EFC is a public benefit … water in the nation but there is a daunting backlog of local water infrastructure projects …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: Money Earmarked for Highway and Bridge Infrastructure Siphoned Off
… Highway and bridge projects have been shortchanged because the state continues to use money in the Dedicated Highway and Bridge Trust Fund (DHBTF) to pay down debt from past projects and cover the operating costs for state agencies, according … Highway and bridge projects have been shortchanged because the state …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-money-earmarked-highway-and-bridge-infrastructure-siphoned-offDiNapoli: State Ends Third Quarter of State Fiscal Year on Solid Financial Footing
… months of SFY 2021-22, according to the monthly state Cash Report released by New York State Comptroller Thomas P. … and lower than anticipated spending. Report December Cash Report Related Report Enacted Budget Financial Plan …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-state-ends-third-quarter-state-fiscal-year-solid-financial-footingState Comptroller DiNapoli Releases School District Audits
… Valley Board of Cooperative Educational Services – Reserve Funds (2022M-39) While the board and BOCES officials properly established reserve funds, they did not transparently fund the reserves or use or … City School District – Medicaid Reimbursements (2022M-52) The district did not maximize Medicaid reimbursements by …
https://www.osc.ny.gov/press/releases/2022/07/state-comptroller-dinapoli-releases-school-district-audits-0Comptroller DiNapoli Releases Municipal Audits
… Auditors determined that the administrator did not always get a professional appraisal for estate houses before listing … limit. Auditors caution the city that if property values do not increase, its ability to increase taxes may be reduced …
https://www.osc.ny.gov/press/releases/2020/06/comptroller-dinapoli-releases-municipal-auditsIX.8.A Accounting for Federal Refunds – IX. Federal Grants
… of Appropriation/AP Adjustment Vouchers of this Guide for further information. There are two main reasons for processing refunds in AP: When the refund relates to a … the adjustment voucher will restore the contract value. For 1099 reporting, the adjustment voucher will adjust the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8a-accounting-federal-refundsGrahamsville Fire District – Internal Controls Over Financial Operations (2013M-117)
… using fund balance and reserves to finance operations, for the period January 1, 2012, to March 14, 2013. Background … consists of five elected members and is responsible for the District’s overall financial management. The District’s general fund budget totaled $166,000 for the 2013 fiscal year. Key Findings The Board has not …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/08/09/grahamsville-fire-district-internal-controls-over-financial-operationsSalamanca City School District – Financial Management and Payroll (2017M-138)
Salamanca City School District Financial Management and Payroll 2017M138
https://www.osc.ny.gov/local-government/audits/school-district/2018/03/30/salamanca-city-school-district-financial-management-and-payroll-2017m-138Ballston Area Recreation Commission – Board Oversight (2015M-269)
… that includes adequate segregation of duties in the cash receipts process and recover from the Director all funds …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/05/ballston-area-recreation-commission-board-oversight-2015m-269Altmar-Parish-Williamstown Central School District - Financial Condition Management (2018M-258)
… and District officials effectively managed the District’s financial condition. Key Findings District officials reduced excessive unrestricted fund balance by $14 million from 2015-16 through 2017-18 by … exceeded the 4 percent statutory limit on unrestricted fund balance by about 2 percentage points, or $609,000. …
https://www.osc.ny.gov/local-government/audits/school-district/2019/03/08/altmar-parish-williamstown-central-school-district-financial-condition