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June 2002: Advance Refunding Bonds
… Issued To: School District and BOCES Business Officials Purpose of Bulletin This bulletin explains the reporting requirements for advance refunding bonds. Many school districts are … are not included in the financial statements. … Previous Accounting Releases Advisories and Bulletins June 2002 …
https://www.osc.ny.gov/local-government/publications/june-2002-advance-refunding-bondsSweet Home Central School District – Financial Management (2022M-166)
… Audit Objective Determine whether the Sweet Home Central School District’s (District) Board of Education (Board) and District … were not transparent with taxpayers and maintained real property taxes at a level higher than necessary to fund …
https://www.osc.ny.gov/local-government/audits/school-district/2023/03/31/sweet-home-central-school-district-financial-management-2022m-166Opinion 98-16
… TAXES AND ASSESSMENTS -- Certiorari Proceedings (timing for return to general fund of excess moneys in school district reserve fund for tax certiorari claims) SCHOOL …
https://www.osc.ny.gov/legal-opinions/opinion-98-16DiNapoli: State Pension Fund Value $206.9 Billion
… March 31, 2018. The Fund ended the year with an estimated value of $206.9 billion, which is subject to change once returns are fully audited. The Fund’s value at the end of state fiscal year 2017 was $192.4 … billion. “The New York State Common Retirement Fund’s value rose with help from strong markets through most of the …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-state-pension-fund-value-2069-billionHitting the Limit: The Constitutional Tax Limit and its Implications for Local Governments
New York State’s Constitutional Tax Limit (CTL) restricts the amounts local governments may raise by taxing real estate in any fiscal year.
https://www.osc.ny.gov/files/local-government/publications/pdf/ctl-implications-for-local-governments.pdfTown of Owasco – Financial Management and Procurement (2021M-70)
… (Town) Board (Board) effectively managed fund balances and reserves for the general, water and sewer district funds and has multiyear financial and capital plans. …
https://www.osc.ny.gov/local-government/audits/town/2021/08/13/town-owasco-financial-management-and-procurement-2021m-70DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… estimated overall investment return was 33.55 percent for the state fiscal year (SFY) that ended March 31, 2021, … mortgages (23.14 percent), private equity (10.57 percent), real estate and real assets (8.24 percent) and credit, absolute …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyState Comptroller DiNapoli Releases School Audits
… Thomas P. DiNapoli today announced the following school audits have been issued. Cohoes City School District – Medicaid Reimbursements (Albany County) The … not maximize Medicaid reimbursements by submitting claims for all eligible services provided. Auditors reviewed …
https://www.osc.ny.gov/press/releases/2022/12/state-comptroller-dinapoli-releases-school-auditsCost-Saving Ideas: School District Auditing – External Auditor
… statements are in accordance with Generally Accepted Accounting Principles (GAAP). Hiring an external auditor It is required to hire an external auditor unless your district or BOCES has fewer than eight teachers. Use the … of interest ) Resources "External Audit Guidance for School Districts [pdf]," - Office of the State Comptroller …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-school-district-auditing-external-auditorAndes Central School District – Financial Management (2013M-250)
… of Audit The purpose of our audit was to evaluate the District’s financial condition for the period July 1, 2011 to August 6, 2013. Background The Andes Central School District (District) is located in Delaware County. The …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/andes-central-school-district-financial-management-2013m-250Real Property Tax Cap - Local Governments
… Levy Growth Factors [pdf] Tax Base Growth Factors for Local Governments Important Dates for Property Tax Cap … [pdf] Retirement Exclusions - Local Governments [pdf] Accounting Bulletin - Reserve for Excess Tax Levy [pdf] … 408-4934 or by Email at [email protected] … Find Real Property Tax Cap Information for Local Governments …
https://www.osc.ny.gov/local-government/property-tax-cap/real-property-tax-cap-local-governmentsPhoenix Central School District – IT Asset Management (S9-22-20)
… – pdf] Audit Objective Determine whether Phoenix Central School District (District) officials appropriately tracked, … percent of the sampled assets were not properly accounted for. Specifically: Three IT assets, a printer costing $1,155, …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2023/03/16/phoenix-central-school-district-it-asset-management-s9-22-20Comptroller DiNapoli Releases School Audits
… announced his office completed audits of the Beacon City School District , Brookfield Central School District , Chenango … officials appropriated fund balance as a funding source for the past three years in amounts that were unnecessary and …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-school-audits-0Altmar-Parish-Williamstown Central School District – Financial Condition (2015M-232)
… Purpose of Audit The purpose of our audit was to assess the District’s financial condition for the period July 1, 2013 through June 30, 2015. Background The Altmar-Parish-Williamstown Central School District is located in the Towns of Albion, Amboy, …
https://www.osc.ny.gov/local-government/audits/school-district/2017/11/22/altmar-parish-williamstown-central-school-district-financial-conditionComptroller DiNapoli Releases School Audits
… office completed audits of the Caledonia-Mumford Central School District , Genesee Valley Board of Cooperative Educational … $60 billion in federal, state and local funds. For additional background or a comment on a specific audit, …
https://www.osc.ny.gov/press/releases/2016/10/comptroller-dinapoli-releases-school-auditsDiNapoli: Binghamton City School Finances Progressing
… financial planning by officials in the Binghamton City School District have helped to improve the district’s fiscal … monitor and improve the budget. This included: Utilizing accounting software to help identify over-spending within …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-binghamton-city-school-finances-progressingYork Central School District – Financial Management (2022M-96)
… – pdf] Audit Objective Determine whether the York Central School District (District) Board of Education (Board) and District … is overfunded and may be enough to pay annual claims for 132 years. The District did not have a written multiyear …
https://www.osc.ny.gov/local-government/audits/school-district/2022/10/07/york-central-school-district-financial-management-2022m-96DiNapoli: NYC’s Tech Boom Partially Offset City's Pandemic Job Losses
… grew, and the number of companies and jobs has soared. For the tech sector’s continued success, the city and state … design is the largest subsector of tech in New York City, accounting for almost 40% of tech sector employment in 2021. … out of all sectors with over 2,000 employees. Impact on Real Estate: By 2020, technology, advertising, media and …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nycs-tech-boom-partially-offset-citys-pandemic-job-lossesEmerging Manager Program
… monitoring and progression of potential candidates for inclusion in the program. Select an asset class below for … Public Equities | Private Equities | Fixed Income | Real Assets | Real Estate | Credit & O/ARS If you have individual …
https://www.osc.ny.gov/common-retirement-fund/emerging-managerMilford Central School District – Financial Condition (2016M-87)
… of Audit The purpose of our audit was to examine the District officials’ management of fund balance for the period July 1, 2012 through June 30, 2015. Background The Milford Central School District is located in the Towns of Hartwick, Laurens, …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/03/milford-central-school-district-financial-condition-2016m-87