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Comptroller DiNapoli Releases Municipal Audits
… the unrestricted fund balance deficit increased to as much as $171,492 during the audit period. Auditors also … for overtime costs in certain departments. However, it does not appear that the total appropriation will be … were communicated confidentially to officials. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/06/comptroller-dinapoli-releases-municipal-auditsDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… ensure the success of these programs continues.” EFC is a public benefit corporation that provides financing assistance …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterState Comptroller DiNapoli Releases School District Audits
… Thomas P. DiNapoli today announced the following school district audits have been issued. Genesee Valley Board … restricted funds that could have been refunded to school districts and overfunded two reserves totaling $1.9 … not adopt a written reserve fund policy. Ogdensburg City School District – Medicaid Reimbursements (2022M-52) The …
https://www.osc.ny.gov/press/releases/2022/07/state-comptroller-dinapoli-releases-school-district-audits-0NYS Comptroller DiNapoli: One of Largest U.S. Carbon Emitters Commits to Lower GHG Emissions
… greenhouse gas (GHG) emissions consistent with the Paris Agreement's goals. As a result, the New York State … the global GHG reduction needs defined by the Paris Climate Agreement . While AEP previously described its …
https://www.osc.ny.gov/press/releases/2018/02/nys-comptroller-dinapoli-one-largest-us-carbon-emitters-commits-lower-ghg-emissionsAltmar-Parish-Williamstown Central School District - Financial Condition Management (2018M-258)
… [read complete report - pdf] Audit Objective Determine whether the Board and … Adopt annual budgets that contain realistic estimates for appropriations. Analyze reserve fund balances and ensure …
https://www.osc.ny.gov/local-government/audits/school-district/2019/03/08/altmar-parish-williamstown-central-school-district-financial-conditionBallston Area Recreation Commission – Board Oversight (2015M-269)
… Purpose of Audit The purpose of our audit was to examine oversight of the Commission’s financial operations for the period …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/05/ballston-area-recreation-commission-board-oversight-2015m-269Clyde Fire Company – Controls Over Financial Activity (2015M-072)
… organization located in the Village of Clyde in Wayne County. The Company is affiliated with the Galen-Clyde Joint … its disbursements totaled $95,000. Key Findings While the Treasurer provides financial reports at monthly meetings, … not appoint a three-member audit committee to review the Treasurer’s work during the audit period. The Treasurer does …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2015/08/14/clyde-fire-company-controls-over-financial-activity-2015m-072Grahamsville Fire District – Internal Controls Over Financial Operations (2013M-117)
… budgets. As of the fiscal year ended 2012, the unexpended surplus fund balance was about 47 percent of the total … was over $175,000. The Board opted to transfer $10,000 of surplus to an existing reserve account. However, the District … needs and financing requirements. Use the unexpended surplus fund balance in a manner that benefits District …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/08/09/grahamsville-fire-district-internal-controls-over-financial-operationsSalamanca City School District – Financial Management and Payroll (2017M-138)
… officials have not effectively managed four reserve funds with balances totaling approximately $4.1 million. The … amounts reserved are necessary and reasonable. Any excess funds should be transferred to unrestricted fund balance …
https://www.osc.ny.gov/local-government/audits/school-district/2018/03/30/salamanca-city-school-district-financial-management-and-payroll-2017m-138Port Chester-Rye Union Free School District – Financial Condition (2015M-147)
… our audit was to review the District’s financial condition for the period July 1, 2009 through June 30, 2014. Background … five-member Board of Education. Budgeted appropriations for the 2014-15 fiscal year were approximately $88.4 million. … maintains a retirement contribution reserve, it budgeted for retirement costs in the general fund and levied taxes to …
https://www.osc.ny.gov/local-government/audits/school-district/2015/09/25/port-chester-rye-union-free-school-district-financial-condition-2015m-147Monticello Central School District – Budgeting (2014M-97)
… and continues to grow. Some of the District’s reserve funds are funded at levels higher than necessary. Key … reserves, review all reserve balances and transfer excess funds to unrestricted fund balance or other reserves in …
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/05/monticello-central-school-district-budgeting-2014m-97Warsaw Central School District – Financial Management (2016M-278)
… due to a practice of overestimating appropriations. Three reserves totaling approximately $3.8 million were overfunded. … of appropriations and appropriated fund balance and reserves. Review all reserves at least annually to determine if the amounts …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/16/warsaw-central-school-district-financial-management-2016m-278Town of Guilford – Budgeting (2023M-144)
… in unrestricted fund balance in the general and highway funds that exceeded the Town’s fund balance policy (policy) … Unrestricted fund balance for the general and highway funds exceeded the maximum allowable limit, per the Town’s …
https://www.osc.ny.gov/local-government/audits/town/2024/03/08/town-guilford-budgeting-2023m-144Alexandria Central School District – Financial Condition (2016M-5)
… Purpose of Audit The purpose of our audit was to review the District’s financial condition for the period …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/25/alexandria-central-school-district-financial-condition-2016m-5Groton Central School District – Financial Management (2014M-288)
… Purpose of Audit The purpose of our audit was to examine the District’s financial activities for the period … that benefits taxpayers. Transfer excess reserve funds to unassigned fund balance, where allowed by law, or to other reserves established and maintained in compliance …
https://www.osc.ny.gov/local-government/audits/school-district/2015/01/09/groton-central-school-district-financial-management-2014m-288Broome-Delaware-Tioga Board of Cooperative Educational Services – Capital Planning (2023M-1)
… that use BOCES’ services) school districts’ surplus funds over the last three school years. Although most of the … fund capital expenditures. Ensure that all surplus funds are apportioned back to component and participating …
https://www.osc.ny.gov/local-government/audits/boces/2023/06/16/broome-delaware-tioga-board-cooperative-educational-services-capital-planning-2023mXI.12.D Closing Contracts – XI. Procurement and Contract Management
… to OSC prior approval. A contract is eligible to be closed if it meets all the following criteria: A minimum of … one year has passed since the Expire Date of the contract and there has been no activity (SFS amendment transactions or payments) for one year. No open purchase orders (encumbrances) are associated with the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12d-closing-contractsTown of Columbus – Budget Development Practices (2012M-225)
… the financial condition of the Town’s general and highway funds to determine if the budgets were reasonable for the … reduce the amount of unrestricted, unappropriated surplus funds in a manner that benefits Town taxpayers. Continue to …
https://www.osc.ny.gov/local-government/audits/town/2013/03/08/town-columbus-budget-development-practices-2012m-225State Comptroller DiNapoli Releases Municipal Audits
… also includes $600,000 in revenue from the sale of a property that was included in the city's 2016 adopted budget with estimated revenues of $550,000. However, the property did not sell in 2016, and, therefore, the city …
https://www.osc.ny.gov/press/releases/2017/02/state-comptroller-dinapoli-releases-municipal-audits-0VII.2.C Direct Journal Payment & Payment Worksheet - Treasury Requirements – VII. State Revenues and Appropriated Loan Receivables
… obtain preapproval by e-mailing Treasury-Accounting@tax.ny.gov with the amount of the cash deposit and a … and total amount to Treasury.Mailbox.Accounting.Unit@tax.ny.gov . For bulkload agencies a hardcopy (submitted for … Treasury - Accounting 110 State Street, 2nd Floor Albany, NY 12207 New York State Taxation & Finance Division of …
https://www.osc.ny.gov/state-agencies/chapter-vii/vii2c-direct-journal-payment-payment-worksheet-treasury-requirements