New York · Through 2026-09-11

N.Y. Surrogate's Court Procedure Act § 1208: Deposit of funds; report to court; annual audit 1

§ 1208. Deposit of funds; report to court; annual audit
  1. All moneys collected shall be deposited by the public administrator
in a state or national bank, savings bank, savings and loan association
or trust company and shall, in case of the insolvency or voluntary or
involuntary liquidation of the depositary be entitled to equal priority
of payment with that given by law to deposits of moneys by the state
superintendent of financial services.
  2. The public administrator or chief fiscal officer of a county
appointed administrator of an estate shall file monthly with the
surrogate of the county where appointed a statement of such of his
accounts as have been closed or finally settled in such form as the
surrogate may prescribe. Each public administrator or chief fiscal
officer of a county appointed administrator of an estate shall file
every six months with the surrogate of the county where appointed all
estate accounts that are unsettled, stating the date the estate was
opened, the gross assets of the estate and a list of current charges and
disbursements of the estate.
  3. Each public administrator shall conduct an annual audit of his
office by an independent certified public accountant and such a report
based on such audit shall be filed with the surrogate of the county
where appointed, the attorney general of the state of New York and the
comptroller of the state of New York. The audit shall be conducted in
compliance with generally accepted government audit standards, and shall
include a review of the performance of the office with respect to the
guidelines and uniform fee schedules established by the administrative
board. The costs of such annual audit and report shall be included
annually in the budget of the county of appointment; provided however
that any expenses of the public administrator's office permitted
pursuant to section 1106 of this act may be used to pay the costs of
such audit.

Where this section sits in the code

Surrogate's Court Procedure Act
Article 12. Public Administrators In the Counties of Erie, Monroe, Nassau, Onondaga, Suffolk and Westchester and County Treasurers Appointed Administrators

§ 1208. Deposit of funds; report to court; annual audit

1. All moneys collected shall be deposited by the public administrator

in a state or national bank, savings bank, savings and loan association

or trust company and shall, in case of the insolvency or voluntary or

involuntary liquidation of the depositary be entitled to equal priority

of payment with that given by law to deposits of moneys by the state

superintendent of financial services.

2. The public administrator or chief fiscal officer of a county

appointed administrator of an estate shall file monthly with the

surrogate of the county where appointed a statement of such of his

accounts as have been closed or finally settled in such form as the

surrogate may prescribe. Each public administrator or chief fiscal

officer of a county appointed administrator of an estate shall file

every six months with the surrogate of the county where appointed all

estate accounts that are unsettled, stating the date the estate was

opened, the gross assets of the estate and a list of current charges and

disbursements of the estate.

3. Each public administrator shall conduct an annual audit of his

office by an independent certified public accountant and such a report

based on such audit shall be filed with the surrogate of the county

where appointed, the attorney general of the state of New York and the

comptroller of the state of New York. The audit shall be conducted in

compliance with generally accepted government audit standards, and shall

include a review of the performance of the office with respect to the

guidelines and uniform fee schedules established by the administrative

board. The costs of such annual audit and report shall be included

annually in the budget of the county of appointment; provided however

that any expenses of the public administrator's office permitted

pursuant to section 1106 of this act may be used to pay the costs of

such audit.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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