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Selected Financial Management Practices (Follow-Up)
… in the initial report. However, additional actions are still needed. We note, ten recommendations were … in the initial report. However, additional actions are still needed. We note, ten recommendations were …
https://www.osc.ny.gov/state-agencies/audits/2017/09/15/selected-financial-management-practices-followWorcester Central School District – Unassigned Fund Balance (2016M-1)
… Board of Education. The 2015-16 budget appropriations are $10.9 million. Key Findings The District’s unassigned … benefits District taxpayers. Such uses could include, but are not limited to, using surplus funds as a financing …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/worcester-central-school-district-unassigned-fund-balance-2016m-1Additional Benefits after 20 Years (Sections 384-e and 384-e [b]) – Special 20- and 25-Year Plans
… adopted coverage under Section 384-e and/or 384-e (b) of the RSSL. If your employer adopts either of these … automatically covered. If your employer chooses to adopt the benefits for a limited period of time, and you enter …
https://www.osc.ny.gov/retirement/publications/1517/additional-benefits-after-20-years-sections-384-e-and-384-e-bPhelps-Clifton Springs Central School District – Financial Condition (2016M-269)
… fund balance to finance operations. The retirement contribution reserve was overfunded, and the employee benefit …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/09/phelps-clifton-springs-central-school-district-financial-condition-2016mSpencerport Central School District – Financial Condition (2016M-254)
… liability reserve and unemployment insurance reserve are overfunded by as much as $2.7 million. Key … at least annually to determine if the amounts reserved are necessary and reasonable and use the excess amounts in …
https://www.osc.ny.gov/local-government/audits/school-district/2016/10/28/spencerport-central-school-district-financial-condition-2016m-254Raquette Lake Union Free School District – Monitoring Financial Condition (2016M-203)
… officials monitored the District’s financial condition for the period July 1, 2012 through February 29, 2016. … The District operates no schools and has two students for whom it pays tuition to attend a neighboring school district. Budgeted appropriations for the 2015-16 fiscal year totaled $261,308. Key Findings …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/30/raquette-lake-union-free-school-district-monitoring-financial-conditionOswego County Board of Cooperative Educational Services – Claims Auditing (2022M-29)
… purposes. Key Recommendation Ensure signed checks are printed and Automatic Clearing House (ACH) and electronic payments are made only after the claims auditor has audited and …
https://www.osc.ny.gov/local-government/audits/boces/2022/07/01/oswego-county-board-cooperative-educational-services-claims-auditing-2022m-29Oyster Bay Water District – Payments in Lieu of Health Insurance (2017M-43)
… participants to certify on an annual basis that they are still eligible to receive payments. Key Recommendations … participants to certify on an annual basis that they are still eligible to receive health insurance buy-back …
https://www.osc.ny.gov/local-government/audits/district/2017/06/02/oyster-bay-water-district-payments-lieu-health-insurance-2017m-43State Agencies Bulletin No. 2088
… of $45,000.00 for calendar year 2023. Employees are not eligible to choose both the “Retirement Catch-Up” and … enrolled in the New York State Deferred Compensation Plan are affected. Effective Dates January 1, 2023 Questions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2088-deferred-compensation-maximum-contributions-limits-calendar-year-2023Scarsdale Union Free School District – Overtime (2022M-105)
… been reduced by at least $167,000. As a result, officials are paying more for overtime than necessary. Officials: … overtime, to ensure that only necessary overtime charges are being incurred. District officials generally agreed with …
https://www.osc.ny.gov/local-government/audits/school-district/2022/12/16/scarsdale-union-free-school-district-overtime-2022m-105Town of Chemung – Conflict of Interest (2022M-176)
… in Town contracts. Key Findings Two Board members are the owners of two separate auto service corporations … Key Recommendations Ensure that officials and employees are familiar with and follow the requirements of New York …
https://www.osc.ny.gov/local-government/audits/town/2022/12/16/town-chemung-conflict-interest-2022m-176West Canada Valley Central School District – Non-Payroll Disbursements (2021M-41)
… banking policy or procedures to verify that transactions are proper. Key Recommendations The Treasurer should control … checks. The Board should ensure that all insurance claims are presented to the claims auditor for audit and approval …
https://www.osc.ny.gov/local-government/audits/school-district/2021/06/11/west-canada-valley-central-school-district-non-payroll-disbursementsTown of Long Lake – Capital Projects and Reserve Funds (2012M-235)
… the appropriate operating fund. Ensure that reserve funds are approved by OSC when the reserves are established. Monitor the balances in specific reserves, …
https://www.osc.ny.gov/local-government/audits/town/2013/02/08/town-long-lake-capital-projects-and-reserve-funds-2012m-235Village of Spring Valley – Financial Activities and Information Technology (2012M-180)
… population of 31,300. The Mayor and the Board of Trustees are responsible for the overall management of the Village. … of the claims for payment against the Village before they are paid. … Village of Spring Valley Financial Activities and …
https://www.osc.ny.gov/local-government/audits/village/2013/01/18/village-spring-valley-financial-activities-and-information-technology-2012m-180Town of Saugerties – Justice Court Operations (2015M-47)
… analyses. Neither Justice reconciled bail bank account balances with bail activity reports. Not all cash …
https://www.osc.ny.gov/local-government/audits/justice-court/2015/06/12/town-saugerties-justice-court-operations-2015m-47State Agencies Bulletin No. 1882
… of ORP and VDC in Tier 6. Affected Employees Employees who are Tier 6 members of ORP or VDC are affected. Background In accordance with Section 415 of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1882-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedTown of Tuxedo – Financial Operations (2014M-284)
… that financial records were complete and did not properly account for justice court revenue. The bookkeeper has the …
https://www.osc.ny.gov/local-government/audits/town/2015/01/16/town-tuxedo-financial-operations-2014m-284Mastics-Moriches-Shirley Community Library – Claims Processing (2013M-166)
… manner and ensure the claims are properly supported. The account clerk and/or Director reviews invoices for department …
https://www.osc.ny.gov/local-government/audits/library/2013/08/09/mastics-moriches-shirley-community-library-claims-processing-2013m-166Town of Inlet – Capital Project Accounting and Internal Controls Over Cottage Rental Receipts (2015M-16)
… purpose of our audit was to determine if the accounting for capital projects was accurate and complete and if … rental collections were adequate and operating effectively for the period January 1, 2013 through August 31, 2014. … an elected five-member Town Board. Budgeted appropriations for 2015 total approximately $2.16 million. Key Findings The …
https://www.osc.ny.gov/local-government/audits/town/2015/06/05/town-inlet-capital-project-accounting-and-internal-controls-over-cottage-rentalNew York State Comptroller DiNapoli Statement on New Shareholder Rule
… by the SEC will negatively impact investors and make it harder for shareholders to hold corporations accountable. …
https://www.osc.ny.gov/press/releases/2020/09/new-york-state-comptroller-dinapoli-statement-new-shareholder-rule