New York City Department of Finance

Controls and Accountability of Court and Trust and Bail Funds

The New York City Department of Finance is responsible for controlling certain trust funds, bail funds and other funds paid into the New York City court system. At the time of our audit, the Department reportedly maintained about $175 million in such funds. We examined the adequacy of the Department's controls over these funds. While the balances in the individual accounts we sampled were generally accurate, some of the receipt and disbursement transactions had not been adequately documented. We also identified several internal control weaknesses, numerous recordkeeping deficiencies, and delays in remitting funds to the Department. We make a number of recommendations aimed at strengthening the Department's controls over these funds.

For a complete copy of Report 98-N-12 click here.
For a copy of the associated follow-up report click here.