Archives

Follow-up Audit Report on the Department of Finance’s (DOF) Administration of the Senior Citizen Rent Increase Exemption Program

AUDIT REPORT IN BRIEF The Department of Finance (DOF) administers a broad range of programs that offer tax credits, one of which is the Senior Citizen Rent Increase Exemption (SCRIE) program. This program provides an exemption to eligible tenants from... Read More

Dec 3, 2012

Audit Report on the Department of Finance’s Efforts to Collect Outstanding Parking Fines from Participants in Its Stipulated Fine and Commercial Abatement Programs

AUDIT REPORT IN BRIEF Introduction The New York City Department of Finance (DOF) is responsible for the adjudication and collection of parking violations summonses issued by various authorized agencies. DOF has several programs to make it easier for commercial vehicle... Read More

Oct 18, 2012

Letter Report on the Audit of the Department of Finance’s Administration of the Real Property Income and Expense Statement Filing Process

LETTER REPORT IN BRIEF The Department of Finance (DOF) is responsible for the administration of the real property income and expense (RPIE) statement filing process. According to Title 19 of the Rules of the City of New York (Section 33-03)... Read More

Jul 5, 2012

A Joint Audit Report on the Department of Finance’s Inclusion of Cell Antenna Revenue in the Assessment of Real Property Taxes

Audit Report In Brief The Department of Finance (DOF) is responsible for collecting revenues efficiently and encouraging compliance with New York City’s tax and other revenue laws.  One of the ways DOF does this is by valuing real property in... Read More

Jun 27, 2012

Audit Report on the Development and Implementation of the Computer Assisted Mass Appraisal System by the Department of Finance

AUDIT REPORT IN BRIEF The Department of Finance (DOF) collects City revenues, calculates the value for all real property in the City, and maintains accurate property records. New York State and City real estate law is applied each year by... Read More

Apr 12, 2012

Audit Report on the Valuation of Class 2 Properties By the New York City Department of Finance

AUDIT REPORT IN BRIEF The New York City Department of Finance (DOF) collects City revenues, values all real property in the City, and maintains property records. Each year, DOF determines the market value of the properties, from which the taxable... Read More

Apr 12, 2012

Audit Report on the Department of Finance’s Hotel Room Occupancy Tax Collection Practices

AUDIT REPORT IN BRIEF The Department of Finance (DOF) is responsible for collecting City revenues efficiently and encouraging compliance with City tax and other revenue laws. One such revenue DOF collects is the Hotel Room Occupancy tax (HROTX), which is... Read More

Nov 28, 2011

Audit Report on the Department of Finance’s Administration of the Senior Citizen Rent Increase Exemption Program

AUDIT REPORT IN BRIEF The Department of Finance (DOF) administers a broad range of programs that offer tax credits, one of which is the Senior Citizen Rent Increase Exemption program (SCRIE). This program provides an exemption to eligible tenants from... Read More

Sep 23, 2011

Audit Report on the Calculation and Application Of J-51 Tax Benefits For Properties in Brooklyn By the Department of Finance

AUDIT REPORT IN BRIEF The J-51 program provides tax exemption and abatement benefits to owners of residential real property who rehabilitate their buildings and to owners of non-residential properties who convert their buildings to residential use. The Department of Finance... Read More

Mar 18, 2011

Audit Report on the Administration of the Payments in Lieu of Taxes Program under the New York City Department of Finance, July 1, 2006 to December 31, 2009

AUDIT REPORT IN BRIEF Payments in lieu of taxes (PILOTs) are established through agreements with property holders. Under the agreements, New York City (City) exempts the property holders from paying real property taxes and agrees to accept in lieu a... Read More

Feb 7, 2011

Audit Report on the Reliability and Accuracy of Utility Tax Data Administered by the Department of Finance

AUDIT REPORT IN BRIEF The Department of Finance (DOF) collects City revenues, and encourages compliance with City tax and other revenue laws. The Utility tax (UTX) is imposed on every utility and vendor of utility services that does business in... Read More

Jan 26, 2011

A Compilation of Systems development Audits and an Assessment of Citywide Systems-Development Strategy

Audit Report In Brief Given the amount of taxpayer money spent on computer systems, the Comptroller’s Office has dedicated a portion of the resources of the Audit Bureaus to conduct audits of computer system-development projects implemented by City agencies. Audits... Read More

May 13, 2010

Audit Of The Reliability And Accuracy Of Commercial Motor Vehicle Tax Data Administered By The Department Of Finance

Audit Report In Brief The Department of Finance (DOF) is responsible for collecting City revenues efficiently and encouraging compliance with City tax and other revenue laws.  One such revenue, DOF collects is a Commercial Motor Vehicle Tax (CMVT).  DOF collected... Read More

Jan 29, 2010

Audit on the Implementation of 421(A) Incentive Program Tax Benefits for Properties in Manhattan by the Department of Finance

Audit Report In Brief We performed an audit on the implementation of 421(a) incentive program tax benefits for properties in Manhattan by the Department of Finance.  The Section 421(a) program provides tax exemption benefits to owners of residential real property... Read More

Oct 6, 2009

Audit Report on the Calculation and Application of the J-51 Tax Benefits for Properties in Manhattan by the Department of Finance

AUDIT REPORT IN BRIEF The J-51 program provides tax exemption and abatement benefits to owners of residential real property who rehabilitate their buildings, and to owners of non-residential properties who convert their buildings to residential use. The Department of Finance... Read More

May 15, 2009

Audit Report On The Financial Controls Over Cash Receipts At The Department Of Finance Business Centers

EXECUTIVE SUMMARY This audit determined whether the New York City Department of Finance (DOF) maintains adequate financial controls over cash receipts collected at its six Business Centers. (DOF) assesses the values of all New York City properties, maintains property records,... Read More

Jun 11, 2007