Archives
Final Letter Report on the Follow-Up Review of the Removal of School Tax Relief Exemptions for the Ineligible Properties Identified In Our Recent Audit of the New York City Department Of Finance
Executive Summary This follow-up review was conducted to determine whether the New York City Department of Finance (DOF) removed the School Tax Relief exemption (STAR) and the Enhanced School Tax Relief exemption (ESTAR) from ineligible properties identified in our Audit... Read More
Aug 30, 2016
Audit Report on the New York City Department of Finance’s Administration of the Senior Citizen Homeowners’ Exemption Program
Executive Summary This audit of the New York City Department of Finance (DOF) concerns its administration of tax benefits granted to property owners under the Senior Citizen Homeowners’ Exemption program (SCHE), which provides a partial property tax exemption for senior... Read More
Jul 7, 2016
Audit Report On The Reliability And Accuracy Of General Corporation Tax Data Administered By The Department Of Finance
Executive Summary We audited the Department of Finance (DOF) to determine whether the General Corporation Tax (GCT) data exists in a secure environment and is readily accessible only to authorized users, is sufficiently reliable for collection purposes, and contains required... Read More
Jun 29, 2016
Final Letter Report on the Follow-Up Review of the Removal of Cooperative Condominium Tax Abatements for the Ineligible Properties Identified in Our Recent Audit of the New York City Department of Finance
Executive Summary This follow-up review was conducted to determine whether the New York City Department of Finance (DOF) removed the cooperative condominium tax abatements (Co-op/Condo Abatements) from ineligible properties that were identified in the recent report, Audit Report on the... Read More
Jun 28, 2016
Audit Report on the Administration of the Payments In Lieu of Taxes Program by the New York City Department of Finance
Executive Summary The City of New York offers incentives to induce commercial, industrial and manufacturing businesses to undertake major capital investments that are expected to result in the creation and retention of jobs in New York City. Payments in Lieu... Read More
Jun 21, 2016
Audit Report on the Tax Classification of Real Property in the Borough of Queens by the New York City Department of Finance
Special Report EXECUTIVE SUMMARY This audit of the New York City Department of Finance (DOF) was conducted to determine whether DOF’s procedures ensure that mixed use properties in the borough of Queens classified as Tax Class 1 are correctly classified.... Read More
Jun 10, 2016
Audit Report on the Tax Classification of Real Property in the Borough of Brooklyn by the New York City Department of Finance
EXECUTIVE SUMMARY This audit of the New York City Department of Finance (DOF) was conducted to determine whether DOF has adequate procedures in place to ensure that properties in the borough of Brooklyn listed as mixed-use properties on the assessment... Read More
Feb 18, 2016
Audit Report on The New York City Department of Finance’s Administration of the Cooperative Condominium Tax Abatement Program
Audit Report On The New York City Department Of Finance’s Administration Of The Cooperative Condominium Tax Abatement Program EXECUTIVE SUMMARY This audit of the New York City Department of Finance (DOF or Finance) concerns its administration of tax benefits granted... Read More
Jan 27, 2016
Audit Report on the New York City Department of Finance’s Administration of the School Tax Relief Program
EXECUTIVE SUMMARY This audit of the New York City Department of Finance (DOF) focuses on its administration of tax benefits to qualified property owners under the New York State School Tax Relief Program. The program provides a partial exemption from... Read More
Jun 17, 2015
Letter Audit Report on the Follow-up Audit of the Implementation of the 18-B Web System Administered by the Department of Finance
Letter Audit Report on the Follow-up Audit of the Implementation of the 18-B Web System Administered by the Department of Finance EXECUTIVE SUMMARY The objectives of this audit were to determine whether the 17 recommendations made in an earlier audit,... Read More
May 15, 2015
Audit Report On The New York City Department Of Finance’s Administration of The Disabled Homeowners’ Exemption Program
Audit Report On The New York City Department Of Finance’s Administration of The Disabled Homeowners’ Exemption Program EXECUTIVE SUMMARY This audit was conducted to determine whether DOF ensures that New York State Disabled Homeowners’ Exemption (DHE) recipients meet the eligibility... Read More
Apr 14, 2015
Letter Report on the New York City Department Of Finance’s Compliance with Local Law 36
LETTER REPORT IN BRIEF This brief summarizes our audit findings regarding the compliance by the New York City Department of Finance’s (“DOF”) with Local Law 36, which governs waste prevention, reuse, and recycling by City agencies. The objective of this... Read More
Jun 30, 2014
Audit Report on the Department of Finance’s Tax Classification of Vacant Lots
Audit Report on the Department of Finance’s Tax Classification of Vacant Lots AUDIT REPORT IN BRIEF The Department of Finance (DOF) is responsible for annually assessing the value of more than one million properties located throughout the City and reflecting... Read More
Mar 13, 2014
Audit Report on the Department of Finance’s Efforts to Collect Outstanding Parking Fines from Participants in Its Regular Fleet Program
AUDIT REPORT IN BRIEF The New York City Department of Finance (DOF) is responsible for collecting and processing payments for all parking tickets or fines. DOF has several programs to make it easier for commercial vehicle owners to save time... Read More
Jun 25, 2013
Letter Report on the Audit on the Calculation and Application of Property Tax Abatement Benefits for the Commercial Revitalization Program by the Department of Finance
AUDIT REPORT IN BRIEF The Commercial Revitalization Program (CRP) is designed to increase tenant occupancy in office and retail space in lower Manhattan and reduce building obsolescence by encouraging investment in older commercial space built before 1975. The CRP provides... Read More
Jun 20, 2013
Audit Report on the Reliability and Accuracy of Commercial Rent Tax Data Administered by the Department of Finance
AUDIT REPORT IN BRIEF The Department of Finance (DOF) collects City revenues, encourages compliance with City tax and other revenue laws, values all real property in the City, provides a forum for the public to dispute tax and parking violation... Read More
Feb 7, 2013