Reporting

Federal Aid Received by NYS Local Governments and School Districts under the Coronavirus Response and Relief Supplemental Appropriations Act and the American Rescue Plan Act

This guidance document expands upon the importance of proper fiscal oversight, as discussed in our July 2020 Coronavirus Aid, Relief and Economic Security (CARES) Act Information bulletin. It also identifies the main source of revenues available under the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act and the American Rescue Plan (ARP) Act to local governments and school districts in NYS.

Accounting for Medicaid-Related Intergovernmental Transfers

The purpose of this bulletin is to provide accounting guidance to counties for Medicaid-related intergovernmental transfers (IGTs). Medicaid-related IGTs are funds that are transferred from counties that own or operate health-related facilities (e.g. hospitals, nursing homes, mental health clinics, etc.) to the New York State Department of Health (NYSDOH). These funds, along with the funds provided by the federal government, are used to fund the Medicaid payments made by the NYSDOH directly to the counties.

Lease Classification Changes as Required by GASB Statement No. 87

The purpose of this bulletin is to inform local government and school district officials of the upcoming new requirements regarding the classification of leases for accounting and reporting purposes, as required by the Governmental Accounting Standards Board (GASB) Statement No. 87, Leases (Statement 87). This bulletin explains the GASB’s new definition of a lease (including outlining the types of leases that are excluded by this new standard) and an explanation of what a lease term is per Statement 87.

Voting From Home: Summary of the 2020-21 School District Budget Vote

Participation in school district budget votes has been relatively low, particularly since the implementation of the tax cap. In response to the pandemic, school districts in New York State were required to provide all residents with an absentee ballot for the 2020-21 school budget vote. This new process likely contributed to an increase in participation: triple the number of votes were cast compared to the prior year.

Performance of Industrial Development Agencies in New York State - 2020 Annual Report

The report summarizes most recently completed data (fiscal year ending 2018) found in these annual reports. In addition to reviewing IDA data, the Office of the State Comptroller (OSC) provides training to IDA officials on various topics, including recent legislative reforms and how to improve their compliance with reporting requirements. | Interactive Map

Model Custodial Agreement for Use with Collateral Pools

Section 10 of the New York State General Municipal Law was amended in 2005 to authorize an additional option for local governments to secure deposits and temporary investment of public funds. Under the new law, local governments have the option to accept as security a pledge of a pro rata portion of a "pool" of eligible securities. Local governments that choose to utilize the new pooled collateral option must take necessary steps to ensure that their deposits and investment are properly secure.