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Comptroller DiNapoli Releases Municipal Audits

… P. DiNapoli today announced his office completed audits of the Brookhaven Fire District , Fair Haven Volunteer Fire Department , Town of Ira and the Lake View Fire District . “In today’s fiscal climate, … properly recorded on board-approved abstracts, the board does not conduct a comprehensive audit of each claim as …

https://www.osc.ny.gov/press/releases/2015/03/comptroller-dinapoli-releases-municipal-audits

Comptroller DiNapoli Releases Municipal Audits

… between the town-wide and town-outside-village highway funds. Genesee County – Purchasing (2015M-241) The … Nanticoke Volunteer Fire Department – Misappropriation of Funds (Broome County) The board did not ensure that all … properly accounted for. As a result, $7,780 of department funds were used to pay a former fire chief’s personal utility …

https://www.osc.ny.gov/press/releases/2016/03/comptroller-dinapoli-releases-municipal-audits-1

Capital – 2021 Financial Condition Report

… for 52.4 percent of all capital projects spending in SFY 2020-21, down from 57.1 percent five years earlier. … with State resources by the State’s public authorities in recent years; and Projects funded with extraordinary … At the end of SFY 2020-21, the State reported $111 billion in capital assets, an increase of $1.2 billion (1.1 percent) …

https://www.osc.ny.gov/reports/finance/2021-fcr/capital

Government-Wide Financial Data – 2021 Financial Condition Report

… process is complete (full accrual basis), as opposed to when they are actually received or paid (cash basis). Each … of resources (the consumption of net assets applicable to a future reporting period); Liabilities; Deferred inflows … of resources (the acquisition of net assets applicable to a future reporting period); and The difference between …

https://www.osc.ny.gov/reports/finance/2021-fcr/government-wide-financial-data

State Agencies Bulletin No. 1956

… for 2021. Affected Employees Employees who participated in the PEF or CSEA Certification, Licensure, and Exam Fee … CLEFR amount will be reported on the employee’s Form W-2 in box 14 under code FRB . Payroll Register and Employee … are informed of the taxability upon enrollment in the program. Questions Questions regarding this bulletin …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1956-certification-licensure-and-exam-fee-reimbursement-clefr-2021

Bolivar-Richburg Central School District – Internal Controls Over Selected Financial Operations (2013M-92)

… internal controls over selected financial activities for the period July 1, 2011, to December 31, 2012. Background … members. The District’s budgeted general fund expenditures for the 2012-13 fiscal year are approximately $17 million. … surplus fund balance to exceed statutory limitations for the past five years. For example, at June 30, 2012, the …

https://www.osc.ny.gov/local-government/audits/school-district/2013/07/26/bolivar-richburg-central-school-district-internal-controls-over-selected

Town of Dresden – Board Oversight of Financial Activities (2012M-191)

… Purpose of Audit The purpose of our audit was to determine if Town officials provided adequate oversight of … records are incomplete or missing and there is no way to accurately determine the Town’s financial condition. Given … over all aspects of the Town’s finances, there is no way to be sure that all funds have been accounted for and used …

https://www.osc.ny.gov/local-government/audits/town/2013/01/11/town-dresden-board-oversight-financial-activities-2012m-191

State Comptroller DiNapoli Releases School District Audits

… York State Comptroller Thomas P. DiNapoli today announced the following school district audits were issued. … was lacking. Officials did not provide support for 12 of the 15 balance sheet accounts auditors reviewed. Also, … record journal entries in a timely manner. Only four of the 349 journal entries for 2018-19 and only 60 of the 292 …

https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-school-district-audits

Village of Delanson – Internal Controls Over Selected Financial Operations (2012M-232)

… Purpose of Audit The purpose of our audit was to examine disbursements and the real property tax and water … to April 30, 2012. Background The Village of Delanson is located within the Town of Duanesburg in Schenectady … and water rent collection process so that one individual is not responsible for receiving, recording and depositing …

https://www.osc.ny.gov/local-government/audits/village/2013/03/29/village-delanson-internal-controls-over-selected-financial-operations-2012m-232

State Comptroller DiNapoli Releases Municipal Audits

… and work progress through photographic evidence. In addition, city officials ensured construction change … and after a thorough review. They avoided $11.3 million in interest and financing costs over 30 years by obtaining a … (Nassau County) The village’s check signing process does not comply with village policy and the village treasurer …

https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-audits-1

IX.7.A Funds – IX. Federal Grants

… Given the functionality within the SFS, the need for the creation and/or maintenance of funds for individual grants or common grant purposes is decreasing. … capabilities are not adversely impacted. The need for the establishment of a new fund in SFS is rare. Requests …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix7a-funds

Town of Ballston – Water Fund Financial Operations (2012M-258)

… Purpose of Audit The purpose of our audit was to assess the water fund’s fiscal health and operations for the period January 1, 2010, to December 31, 2011. Background The Town of Ballston is … not received the accurate and timely information necessary to evaluate the water fund’s fiscal health and take …

https://www.osc.ny.gov/local-government/audits/town/2013/05/03/town-ballston-water-fund-financial-operations-2012m-258

State Agencies Bulletin No. 1864

… Purpose The purpose of this bulletin is to inform agencies of the taxable fringe benefit CLEFR for … license or exam fees are affected. Background Pursuant to Internal Revenue Code Section 61, certain fringe benefits … As such, it is supplemental taxable income, will be added to the employee’s taxable gross wages, for tax withholding …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1864-certification-licensure-and-exam-fee-reimbursement-clefr-2020

DiNapoli Announces Sale of $914.3 Million State of New York General Obligation Refunding Bonds

… Bidding Group 1 to J.P. Morgan Securities LLC with a true interest cost bid of 1.950864 percent; Bidding Group 2 to J.P. Morgan Securities LLC with a true interest cost bid of 2.412717 percent; and Bidding Group … how your government money is spent at www.openbooknewyork.com . Track municipal spending, the state's 160,000 …

https://www.osc.ny.gov/press/releases/2019/10/dinapoli-announces-sale-9143-million-state-new-york-general-obligation-refunding-bonds

Pine Valley Central School District –Financial Management and Procurement (2014M-36)

… contractual and historical data and ensure that unexpended surplus fund amounts are within statutory limits. Revise its … certain funding levels and the conditions under which the funds will be used or replenished. Develop and implement a plan for using the reserve fund surplus balances in a manner that benefits District taxpayers …

https://www.osc.ny.gov/local-government/audits/school-district/2014/07/11/pine-valley-central-school-district-financial-management-and-procurement

Comptroller DiNapoli Releases School Audits

… were consistent with state contract pricing for the 16 school buses they purchased in 2012-13 and 2013-14. In …

https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-school-audits

DiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24

… 31, 2024. The Fund closed the year with an estimated value of $267.7 billion. “Strong performances across asset classes … paid out during the fiscal year. Employer contribution rates are determined by investment results over a multi-year … along with numerous other actuarial assumptions, including wage growth, inflation, age of retirement, and mortality. …

https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24

DiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City

… by New York State Comptroller Thomas P. DiNapoli shows the challenges faced by the state’s school districts are as … a complex set of state rules and local needs to determine how to best educate our children and pay for it,” DiNapoli … identifies the regional changes and trends that could impact district budgets now and in the future. It is a useful …