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City of Poughkeepsie – Budget Review (B6-17-1)
… review was to determine whether the significant revenue and expenditure projections in the City's adopted budget for … representing provision for $600,000 uncollected taxes and a $225,000 reduction of the general fund deficit. The … New York State Employees’ Retirement System payments and debt service payments, are much higher than required. …
https://www.osc.ny.gov/local-government/audits/city/2017/02/09/city-poughkeepsie-budget-review-b6-17-1GASB Statement 87, Leases
… of “reasonably certain.” Relevant factors include: Market-based factors, such as a whether contract terms and … the optional periods are favorable compared with current market rates. Contract-based factors, such as significant … that depend on an index or a rate (Consumer Price Index or market interest rate), initially measured using the index or …
https://www.osc.ny.gov/state-agencies/guidance/gasb-statement-87-leasesDiNapoli Calls for State Procurement Reform
… New York State Comptroller Thomas P. DiNapoli today proposed … to bypass procurement laws and transparency. All contracts for state spending should either be held … Increase transparency. To assure a level playing field for all potential vendors, DiNapoli would require state agencies, …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-calls-state-procurement-reformXIV.5 Employee Award Programs – XIV. Special Procedures
… Business Unit personnel should be aware of in planning for employee award programs and the requirements of the Office of the State Comptroller (OSC) for approving payment for these types of programs. This section addresses Cash and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programsDiNapoli: 23 School Districts Designated in Fiscal Stress
… for the school year (SY) ending on June 30, 2021, down from 31 school districts in fiscal stress the prior year. … counties, cities (excluding New York City), towns or villages are having with budgetary solvency, or the … System for the school year SY ending on June 30 2021 down from 31 school districts in fiscal stress the prior year …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-23-school-districts-designated-fiscal-stressDiNapoli: Economic and Tax Collection Growth Slowing in New York City
… with budgeting going forward amid slowing economic growth and tax collections, according to a report on the city’s financial plan released today by State … Corp. The report also found that the Health and Hospitals Corporation continues to face serious financial problems. …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-economic-and-tax-collection-growth-slowing-new-york-cityGreene County Industrial Development Agency – Management Practices (2013M-95)
… Development Agency’s (GCIDA) management practices for the period January 1, 2011, to September 4, 2012. … reported 10 active projects and processed 29 applications for assistance during our audit period. Key Findings GCIDA … issuance of bonds with a bank. GCIDA had formal criteria for selecting which firms and businesses received sponsorship …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2014/03/04/greene-county-industrial-development-agency-managementComptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced … better access to the financial workings of government. … New York State Comptroller Thomas P DiNapoli today announced …
https://www.osc.ny.gov/press/releases/2014/09/comptroller-dinapoli-releases-municipal-audits-0Disposal of Electronic Devices
… that all memory devices had been removed. One of the hard drives contained personal, private and sensitive … date of birth and certain health-related data. The printer hard drive and cameras also contained retrievable data, and … Reinforce policies and procedures to ensure that all hard drives are removed from electronic devices and properly …
https://www.osc.ny.gov/state-agencies/audits/2013/04/25/disposal-electronic-devicesRebates and Discounts on Physician-Administered Drugs (Follow-Up)
… in an office setting. To reduce Medicaid costs for prescription drugs, the federal government established … to pass on the savings to Medicaid when they submit claims for 340B drugs. Our initial audit report, which was issued on … drugs nor ensured the proper billing for 340B drugs. These problems cost the Medicaid program an …
https://www.osc.ny.gov/state-agencies/audits/2014/03/06/rebates-and-discounts-physician-administered-drugs-followDiNapoli: Pharma Company Agrees To Bar Its Drugs From Use In State Executions
… The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. Over the past 20 years, 82 …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-pharma-company-agrees-bar-its-drugs-use-state-executionsSecurities Coordinating Committee
… (SCC) was established by Executive Order of the Governor in 1977 and expanded in 1983 to coordinate the scheduling of … the participating organizations, the Comptroller prepares a forward issuance calendar that is released near the … notice, questions about any particular bond sale should be directed to the issuing agency. Member organizations …
https://www.osc.ny.gov/debt/securities-coordinating-committeeExamples from GASB Statement 34 - Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
… Health and sanitation 6,070,032 6,070,032 Cemetery 706,305 706,305 Culture and recreation …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-1City of Yonkers – Budget Review (B20-6-6)
… taxes may be limited in future years if property values do not increase. Key Recommendations Replace nonrecurring …
https://www.osc.ny.gov/local-government/audits/city/2020/06/24/city-yonkers-budget-review-b20-6-6City of North Tonawanda – Financial Operations (2012M-203)
… 2012. Background The City of North Tonawanda is located in Niagara County and has approximately 32,000 residents. The … did not review the fire companies’ fundraising events held in 2011 because none of the fire companies provided the City … the City with materials and supplies totaling $140,703 in 2011. We found that for all 24 claims tested, department …
https://www.osc.ny.gov/local-government/audits/city/2013/02/08/city-north-tonawanda-financial-operations-2012m-203Livingston County Court and Trust Funds (2022-C&T-4)
… Clerk and Surrogate’s Court, notices for each abandoned property were not published annually in the County’s official … surplus money from a referee after the sale of foreclosed property on April 1, 2017, totaling $87,849. Records … are published in the newspaper for each year abandoned property is held. Report all court and trust fund …
https://www.osc.ny.gov/local-government/audits/county/2022/07/15/livingston-county-court-and-trust-funds-2022-ct-4State of New York General Obligation Bonds - Results of Bond Sale 2018
Results of sales of Series 2018A Tax-Exempt Bonds, Series 2018B Taxable Bonds and Series 2018C Tax-Exempt Refunding Bonds.
https://www.osc.ny.gov/files/press/pdf/bond-sale-bid-summary-2018.pdfDiNapoli: New York City Projects Surplus in 2017 Despite Slower Tax Collections
… of $439 million in the 2017 fiscal year, which is likely to grow as the year progresses even though job growth and tax collections are slowing, according to a report released today by New York State Comptroller … growth and tax collections in the near future are unlikely to be as robust as they have been in recent years," DiNapoli …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-city-projects-surplus-2017-despite-slower-tax-collectionsSaratoga County – Financial Condition (2013M-235)
… Purpose of Audit The purpose of our audit was to review the County’s financial condition for the period January 1, 2010, to May 31, 2013. Background Saratoga County covers an area of … the general fund’s financial position and the fund used to account for the operations of Maplewood Manor (the …
https://www.osc.ny.gov/local-government/audits/county/2013/10/04/saratoga-county-financial-condition-2013m-235DiNapoli: Former Pennellville Fire Chief Pleads Guilty
… raised at music event fundraisers. Statewide, DiNapoli’s audits and investigations have led to more than 130 arrests …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-former-pennellville-fire-chief-pleads-guilty