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State Comptroller DiNapoli Releases School District Audits
… York State Comptroller Thomas P. DiNapoli today announced the following school district audits have been issued. Bolton … School District – Fund Balance Management (Warren County) The district accumulated unrestricted fund balance of more … 2018 (29 percent of 2018-19 appropriations) and exceeded the statutory limit by almost 25 percentage points. While …
https://www.osc.ny.gov/press/releases/2019/02/state-comptroller-dinapoli-releases-school-district-auditsState Comptroller DiNapoli Releases Audits
… Education Department: Kinderwise Learning Associates LLC: Compliance with the Reimbursable Cost Manual (2018-S-21) For …
https://www.osc.ny.gov/press/releases/2018/11/state-comptroller-dinapoli-releases-auditsTuition Assistance Program – Metropolitan Learning Institute
… should work with school officials to help ensure future compliance with the eligibility requirements cited in the …
https://www.osc.ny.gov/state-agencies/audits/2016/02/18/tuition-assistance-program-metropolitan-learning-instituteNYS Common Retirement Fund Announces First Quarter Results
… Common Retirement Fund's (Fund) overall estimated value in the first quarter of the State Fiscal Year 2018-2019 was … Thomas P. DiNapoli. "The Fund saw steady growth in the first quarter," DiNapoli said. "New York state's … 30, 2018, the Fund had 40.3 percent of its assets invested in publicly traded domestic equities and 16.1 percent in …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsDiNapoli: Statewide Local Sales Tax Collections Surge Nearly 58 Percent in May
… Local sales tax collections in May increased by 57.8 percent over the same month in 2020, the highest one month increase in recent history, State Comptroller Thomas P. DiNapoli … Local sales tax collections in May increased by 578 percent over the same month in 2020 …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-statewide-local-sales-tax-collections-surge-nearly-58-percent-mayState Comptroller DiNapoli Releases School District Audits
… apply established information technology (IT) controls to ensure private and sensitive information was protected … IT control weaknesses were communicated confidentially to officials. Highland Central School District – … reviewed payments totaling $270,000 that were paid to 14 employees and found district officials accurately …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-dinapoli-releases-school-district-auditsAppendix A – Auditing Authority – Legal References – Improving the Effectiveness of Your Claims Auditing Process
… describes who is generally responsible for auditing claims in each type of locality and what options, if any, are available for establishing the … Law Sections 1604(35), 1709(20-a), 1804(1), 1903(1), 2526 and 2554(2-a); see also 8 NYCRR Section170.12(c) BOCES Board …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/appendix-auditing-authority-legal-referencesState Comptroller DiNapoli Releases Municipal Audits
… Clerk did not record, deposit or disburse all money timely and accurately. Auditors determined the clerk did not deposit … the required time frames. The clerk also did not report and remit collections timely and accurately. Collections were … for 21 months of the 24 months auditors examined. In addition, the clerk did not prepare accountability …
https://www.osc.ny.gov/press/releases/2020/08/state-comptroller-dinapoli-releases-municipal-auditsFrewsburg Central School District – Internal Controls Over Selected Financial Activities (2013M-327)
… not demonstrate the reasonableness of reserve balances. As a result, two of the District’s reserve funds had balances … time records. District officials do not ensure that access rights to the payroll and human resource modules within the … disclosed his interest in writing and abstained from voting on matters involving the firm. However, it is unclear …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/frewsburg-central-school-district-internal-controls-over-selectedRoosevelt Children’s Academy Charter School – Selected Financial Operations (2013M-254)
… 2013. Background The Roosevelt Charter School is located in Nassau County. Oversight of School operations is provided … code entitled “building fund” and budgeted $4.8 million in the 2010-11 fiscal year, $5.2 million in 2011-12, and $2.6 … paid four vendors a total of $521,197 for significant public work and purchase contracts without fair competition, …
https://www.osc.ny.gov/local-government/audits/charter-school/2014/01/10/roosevelt-childrens-academy-charter-school-selected-financial-operationsDiNapoli Releases Bond Calendar for Fourth Quarter
… today announced a tentative schedule of planned bond sales for New York state, New York City and their major public … billion of refundings as follows: $7.60 billion scheduled for October, $5.74 billion of which is for new money purposes and $1.86 billion of which is for …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-releases-bond-calendar-fourth-quarterDiNapoli Releases Bond Calendar for Fourth Quarter
… of planned bond sales for New York State, New York City and their major public authorities during the fourth quarter … sales of $5.65 billion include $5.43 billion of new money and $216 million of refundings and reofferings as follows: $4.51 billion scheduled for …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-releases-bond-calendar-fourth-quarterComptroller DiNapoli Releases Municipal Audits
… did not always sign time sheets as required. Town of Westfield – Real Property Acquisition (Chautauqua County) … forfeited 30 percent of its revenues ($17,241) collected from credit card payments because the vendor improperly … for as many as 93 days after being collected. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2019/12/comptroller-dinapoli-releases-municipal-audits-1DiNapoli: Local Sales Tax Collections Growth Accelerates in 3rd Quarter
… Third quarter local sales tax collections in New York state totaled $4.8 billion, an increase of 6.3 percent over the same period last year, according to a report released … Third quarter local sales tax collections in New York state totaled $48 billion an increase of 63 …
https://www.osc.ny.gov/press/releases/2019/11/dinapoli-local-sales-tax-collections-growth-accelerates-3rd-quarterDiNapoli: State Tax Receipts Remain Above Budget Division Projections Through Mid-Year
… Year (SFY) 2025-26, $702.2 million higher than financial plan estimates from the Division of Budget (DOB), according to the monthly … PIT receipts were $756.5 million above DOB’s financial plan projections. Year-to-date consumption and use tax … Fiscal Year SFY 202526 $7022 million higher than financial plan estimates from the Division of Budget DOB …
https://www.osc.ny.gov/press/releases/2025/10/dinapoli-state-tax-receipts-remain-above-budget-division-projections-through-mid-yearFinancial Reports
… Annual Comprehensive Financial Report 2025 Annual Comprehensive Financial Report 2024 Annual … Statements and Supplementary Information March 31, 2025 Financial Statement March 31, 2024 Financial Statement … Assumptions (Return to Top) Report of the Actuary — Summary of Valuation of Assets, Liabilities, and System …
https://www.osc.ny.gov/retirement/resources/financial-reportsCity of Watervliet – Financial Condition (2017M-230)
… balanced, routinely monitored financial operations and took appropriate action to maintain the City’s fiscal … 30, 2017. Background The City of Watervliet is located in Albany County and has a population of approximately 10,250. The City is …
https://www.osc.ny.gov/local-government/audits/city/2018/02/09/city-watervliet-financial-condition-2017m-230Sagaponack Common School District - Fund Balance Management (2018M-53)
… Recommendations Use surplus funds as a financing source for funding one-time expenditures, funding needed reserves or … property taxes. Adopt policies and implement plans for how fund balance should be managed and used. Adopt annual …
https://www.osc.ny.gov/local-government/audits/school-district/2018/07/13/sagaponack-common-school-district-fund-balance-management-2018m-53Village of West Hampton Dunes – Financial Operations (2013M-390)
… Background The Village of West Hampton Dunes is located in the Town of Southampton in Suffolk County and has a population of approximately 55. … filing due date. Estimated revenues and expenditures in adopted budgets were not realistic, resulting in annual …
https://www.osc.ny.gov/local-government/audits/village/2014/08/08/village-west-hampton-dunes-financial-operations-2013m-390Montauk Union Free School District – Financial Condition (2016M-168)
… The Montauk Union Free School District is located in the Town of East Hampton in Suffolk County. The District, … plans. The District has not developed long-term financial and capital plans. Key Recommendations Use surplus funds to fund one-time expenditures, fund needed reserves and reduce property taxes. Ensure that the District’s …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/22/montauk-union-free-school-district-financial-condition-2016m-168