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Lowville Academy and Central School District – Financial Condition (2015M-220)
… power revenues. District officials have been using reserve funds as repositories for excessive fund balance. Key … prudent use of future wind power revenues. Review reserve funds at least annually to determine if amounts reserved are …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/27/lowville-academy-and-central-school-district-financial-condition-2015mChittenango Central School District – Financial Management (2016M-294)
… review the District’s management of financial activities for the period July 1, 2014 through February 29, 2016. … Board of Education. Budgeted general fund appropriations for the 2015-16 fiscal year were approximately $37 million. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/30/chittenango-central-school-district-financial-management-2016m-294Brentwood Union Free School District – Fund Balance and Hiring Practices (2016M-251)
… 17 schools with approximately 19,300 students, is governed by an elected seven-member Board of Education. Budgeted … reserve and overfunded the retirement contribution reserve by $4.3 million. The Board did not hire the most qualified … candidate for the Superintendent position as required by its own policy. Key Recommendations Discontinue the …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/22/brentwood-union-free-school-district-fund-balance-and-hiring-practicesMassena Central School District – Financial Condition (2016M-21)
… audit was to examine the District’s financial condition for the period July 1, 2014 through August 31, 2015. … unrestricted fund balance has exceeded the statutory limit for the past three years. The District overfunded the …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/massena-central-school-district-financial-condition-2016m-21Schoharie Central School District – Financial Condition (2013M-263)
… average approximately $1.1 million of unexpended surplus funds each year –totaling more than $5.4 million over five … budgets with the appropriation of unexpended surplus funds that will not be used. Develop a plan to use surplus …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/13/schoharie-central-school-district-financial-condition-2013m-263Goshen Central School District – Financial Condition (2017M-46)
… reside in the Village of Goshen and the Towns of Goshen, Chester, Hamptonburgh, Wallkill and Wawayanda. The District, …
https://www.osc.ny.gov/local-government/audits/school-district/2017/06/02/goshen-central-school-district-financial-condition-2017m-46Erie 1 Board of Cooperative Educational Services – Special Aid Fund (2016M-188)
… an operating surplus. Key Recommendations Return surplus funds from the summer school program to component and … for guidance regarding the proper disposition of surplus funds generated from adult education programs and for …
https://www.osc.ny.gov/local-government/audits/boces/2016/11/04/erie-1-board-cooperative-educational-services-special-aid-fund-2016m-188Freeport Union Free School District – Financial Condition (2016M-300)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial condition for the period … Board appropriated an average of $8.7 million each year to finance operations for the 2013-14 through 2015-16 fiscal … overfunded. Key Recommendations Develop a written plan to reduce the level of unrestricted fund balance to legal …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/09/freeport-union-free-school-district-financial-condition-2016m-300Town of Ashland – Long-Term Planning (2024M-114)
… and to establish plans for periodically reviewing these funds. As a result, officials have not determined the Town’s … needs. As of July 17, 2024, the Town’s capital reserve funds have zero balances. However, based on discussions with …
https://www.osc.ny.gov/local-government/audits/town/2024/12/24/town-ashland-long-term-planning-2024m-114Resources for Local Officials
… and Supplementary Information Use Online Services to file for the following: Property Tax Cap Property Tax Cap …
https://www.osc.ny.gov/local-government/resources/resources-local-officialsXI.4.B Standard Contract Language for Grant Contracts: Fixed Term, Multiyear Contracts and Simplified Renewals – XI. Procurement and Contract Management
… in general or particular religious beliefs Any proposed increase in contract amount, change in contract term, or …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi4b-standard-contract-language-grant-contracts-fixed-term-multiyear-contracts-and-simplifiedComptrollers DiNapoli & Stringer Call on Corporations to Protect LGBT Rights Around World
… letter today on behalf of the state and city pension funds to 20 major U.S. corporations urging them to uphold LGBT … they live," said Bronx Borough President Ruben Diaz Jr., a trustee of the New York City Employees’ Retirement System. An … serves as the investment advisor to, custodian and trustee of the $150 billion New York City Pension Funds. The …
https://www.osc.ny.gov/press/releases/2014/06/comptrollers-dinapoli-stringer-call-corporations-protect-lgbt-rights-around-worldDiNapoli: New York on Stronger Financial Footing
… in the strongest fiscal position in years and was able to deposit $175 million in the Rainy Day Reserve Fund for the first time since 2008, according to a report on the recently enacted state budget released … Plan is updated I hope there will be more definition on how that goal will be reached.” Based on the Division of the …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-new-york-stronger-financial-footingAnnual Financial Report
… Financial Statements Municipalities that maintain sub-funds will aggregate this activity into one fund. Sub-funds will no longer be reported separately. Police and Fire … 9016.8 – Fire Retirement – Employee Benefits. Enterprise funds will require the reporting of adopted budget …
https://www.osc.ny.gov/local-government/required-reporting/annual-financial-reportWest Ghent Volunteer Fire Company – Treasurer’s Activities (2016M-48)
… Purpose of Audit The purpose of our audit was to evaluate controls over the Treasurer’s activities for the … accounts. The Board did not establish a credit card policy to describe proper credit card usage, dollar limits for purchases or documentation required to be maintained to support credit card purchases. The …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2017/11/03/west-ghent-volunteer-fire-company-treasurers-activities-2016mVillage of Suffern – Budget Review (B8-15-13)
… available to reduce the property tax levy, such as fund balance. For 2013-14, there were unassigned fund deficits of … Projected financial results for the water fund for 2014-15 show a surplus of about $209,000, which, along with a rate … Projected financial results for the sewer fund for 2014-15 show a deficit of about $111,000, which will further increase …
https://www.osc.ny.gov/local-government/audits/village/2015/05/22/village-suffern-budget-review-b8-15-13Thousand Islands Central School District – Financial Management (2022M-201)
… Key Findings The Board and District officials did not properly manage fund balance and reserves. As a result, officials have withheld funds from productive use and may have missed opportunities to reduce the tax levy. The Board and District officials: …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/09/thousand-islands-central-school-district-financial-management-2022m-201XVI.3.J Implementation of Accounting Standards – XVI. Financial Reporting
… Basic financial statements for the State of New York are prepared in conformity with generally … have been developed in order to ensure a smooth transition when implementing a new accounting/financial-reporting … all entities that are part of the State reporting entity (i.e. enterprise funds and public benefit corporations) that …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3j-implementation-accounting-standardsAlbany Leadership Charter School for Girls – Cash Collections (2022M-165)
… did not: Monitor collections received in the main office to ensure all collections were accounted for or deposited in … $914,291 (99 percent of total collections remitted to the business office) were not deposited timely . For … days after they were received. Monitor State aid payments to ensure all available revenue was received, recorded …
https://www.osc.ny.gov/local-government/audits/charter-school/2023/02/03/albany-leadership-charter-school-girls-cash-collections-2022m-165Town of Nichols – Town Supervisor's Records and Reports (2022M-185)
… because the Board consistently levied the majority of property taxes in the town-wide (TW) funds, where … (TOV) funds. The Town paid additional costs of $51,400 to have the accounting records created, the annual …
https://www.osc.ny.gov/local-government/audits/town/2023/03/24/town-nichols-town-supervisors-records-and-reports-2022m-185