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Village of Coxsackie – Financial Condition and Water and Sewer Fund Accountability (2014M-324)
… condition and its accountability over the water and sewer funds for the period June 1, 2012 through May 31, 2014. … for the 2014-15 fiscal year for all operating funds total approximately $3.7 million. Key Findings Village … amounts due to the general fund from the water and sewer funds. For the fiscal year ending May 31, 2013, the water and …
https://www.osc.ny.gov/local-government/audits/village/2015/02/13/village-coxsackie-financial-condition-and-water-and-sewer-fund-accountabilityBolton Central School District – Financial Condition (2013M-58)
… Although the Board adopted budgets that were realistic and supported for revenues, expenditures were consistently and significantly overestimated. In addition, although the … the excessive unexpended surplus funds in a manner that benefits the taxpayers. Key Recommendations Develop and adopt …
https://www.osc.ny.gov/local-government/audits/school-district/2013/05/31/bolton-central-school-district-financial-condition-2013m-58IX.8.B Interest on Advance Payments to Vendors – IX. Federal Grants
… must then create and submit a Single Payment Voucher for returning the funds to the federal government. See … mentioned above. Guide to Financial Operations REV. 02/16/2023 … In some instances payments are made to vendors …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8b-interest-advance-payments-vendorsJanuary 2001: Accounting & Reporting of Expendable and Non-expendable Trusts
… are accounted for and reported in the fiduciary funds, TE Fund (Expendable) and TN Fund (Non Expendable). GASB Statement No. 34 makes significant … use the full accrual basis of accounting. As described in our June 2000 bulletin, OSC "will make the necessary …
https://www.osc.ny.gov/local-government/publications/january-2001-accounting-reporting-expendable-and-non-expendable-trustsDiNapoli: State's Cash Position is Strong
… more is on the way. The level of tax receipts is important for purposes of ongoing budget balance, and we are seeing …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-states-cash-position-strongNYS Common Retirement Fund Reports First Quarter Results
The New York State Common Retirement Funds Fund estimated return in the first quarter of the State Fiscal Year SFY 202021 was 1035 percent for the threemonth period ending June 30 2020 with an estimated value of $2163 billion according to State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsDeposit Central School District - Financial Condition (2018M-204)
… and cafeteria funds. Key Findings District officials have: Implemented measures to contain costs in the general … the last three fiscal years, general fund expenditures have increased 8 percent while revenues have increased 5 … and offer programs in-house when it is cost-effective to do so. District officials should examine ways to gain more …
https://www.osc.ny.gov/local-government/audits/school-district/2019/02/08/deposit-central-school-district-financial-condition-2018m-204IX.12.M Journal Vouchers – IX. Federal Grants
… agencies for goods or services rendered to, or on behalf of the first state agency; or Reimburse a second state agency …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12m-journal-vouchersVII.9 Overview – VII. State Revenues and Appropriated Loan Receivables
… are not limited to, physical overhead, space occupancy, utilities, information technology and central service agency …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-overviewVII.9 Fringe Benefits and Indirect Costs – VII. State Revenues and Appropriated Loan Receivables
… are not limited to, physical overhead, space occupancy, utilities, information technology and central service agency …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-fringe-benefits-and-indirect-costsExamples from GASB Statement 34 - Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
… Examples from GASB Statement 34 included in this bulletin, copyright … Merritt 7, Norwalk, CT 06856 are reprinted by permission. Sample City Statement of Revenues, Expenditures, and Changes … net assets in the statement of activities is presented in an accompanying schedule . … Examples from GASB Statement 34 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-1XI.12 Overview – XI. Procurement and Contract Management
… contracting and ensuring the prudent expenditure of funds. From contract award to contract closeout, any number … contracting and ensuring the prudent expenditure of funds …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12-overviewDiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing
… meet the challenges and risks of an increasingly volatile global market.” The FAS review determined that DiNapoli met … and hard work of our investment staff,” Fuller said. “Global financial markets have changed dramatically over the …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffingXII.6.O Paying Retainage – XII. Expenditures
… that the Business Unit will be withholding as retainage. When processing the voucher, the Business Unit should refer … account codes set up for retainage when both retaining funds as well as releasing those withheld throughout the … used when the funds were originally retained in order to release those withheld throughout the contract period. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6o-paying-retainageSaranac Central School District – Investment Program (2023M-89)
… and manage a comprehensive investment program. During the 22-month audit period, the District had an average of $12.4 million in operating and debt service funds available for investing, …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/22/saranac-central-school-district-investment-program-2023m-89Town of Ira – Financial Management (2014M-280)
… budgeting practices and the level of unexpended surplus funds, resulting in a significant amount of unexpended surplus funds in the Town’s operating funds. The Board did not develop comprehensive multiyear …
https://www.osc.ny.gov/local-government/audits/town/2015/02/27/town-ira-financial-management-2014m-280Opinion 91-42
… DEPARTMENT -- Villages (authority to transfer department funds to village treasurer); (cooperative investment of department funds and village funds); (gift of department funds to village subject to …
https://www.osc.ny.gov/legal-opinions/opinion-91-42DiNapoli: Tax Collections Exceed Projections Through First Half of Fiscal Year
… we still need to see how holiday sales and Wall Street bonuses contribute to the state’s financial position over the …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collections-exceed-projections-through-first-half-fiscal-yearLeading the Way on Climate Investment
… markets, and the Fund’s investments. Managing these risks is integral to protecting the Fund’s investments, and … on the opportunities that arise from the transition to a net-zero economy is similarly critical to ensuring that the … of gas utilities, Scope 3 disclosure and targets, capital allocation alignment and just transition with Duke …
https://www.osc.ny.gov/common-retirement-fund/leading-way-climate-investmentXI.5 Purchase Authorizations – XI. Procurement and Contract Management
When a State agency awards a term contract that allows for the purchase of commodities on an asneeded basis the contract should be established as a Purchase Authorization contract
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi5-purchase-authorizations