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GASB Statement No. 33 "Accounting and Financial Reporting for Nonexchange Transactions"
… nonexchange transactions (for example federal or state programs which local governments are mandated to … be used in preparing your annual financial report to the State Comptroller. Statement No. 33 changes revenue … Account code 8015 should be used to reduce beginning fund balance on the Analysis of Changes in Fund Equity …
https://www.osc.ny.gov/local-government/publications/gasb-statement-no-33-accounting-and-financial-reporting-nonexchange-transactionsNew York’s Economy and Finances in the COVID-19 Era
… eligible for CRF funding, including $2.7 billion in payroll for public health and public safety purposes. Such …
https://www.osc.ny.gov/reports/covid-19-november-12-2020Eldred Central School District - Financial Condition (2018M-138)
… unrestricted fund balance was less than 0.5 percent of 2018 appropriations. The District’s unrestricted fund balance had been completely exhausted as of June 30, 2018. The school lunch fund relies heavily on general fund …
https://www.osc.ny.gov/local-government/audits/school-district/2018/10/19/eldred-central-school-district-financial-condition-2018m-138SUNY Bulletin No. SU-356
… stopping, and changing of SUNY’s Voluntary 403(b) Savings Plan deductions. Affected Employees: All employees enrolled in the SUNY Voluntary 403(b) Savings Plan are affected. Background: In an effort to streamline the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-356-process-change-sunys-voluntary-403b-savings-planTown of Preston - Financial Management (2018M-81)
… complete report - pdf] Audit Objective Determine whether the Board established a fund balance and reserve policy and multiyear financial and capital plans to address the Town’s operational and capital needs. Key Findings From … four times the 2018 general fund tax levy and 183 percent of 2018 budgeted appropriations. During the same period, …
https://www.osc.ny.gov/local-government/audits/town/2018/07/13/town-preston-financial-management-2018m-81DiNapoli: 82 School Districts in Fiscal Stress
… P. DiNapoli’s Fiscal Stress Monitoring System. The scores are based on the evaluation of 672 school districts with … score ever recorded for a school district. The scores are based on financial information submitted as part of each … Central School District (Oswego). All of these districts are listed in the moderate fiscal stress category. Thirty-two …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-82-school-districts-fiscal-stressState Comptroller DiNapoli Releases State Audits
… New York State Comptroller Thomas P. DiNapoli announced today the … $563,605 were either improper (did not comply with CUNY, state or city policies and procedures) or were unsupported. New York State Insurance Fund (NYSIF): Examination of Outstanding Premiums …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-state-audits-0New York State Comptroller DiNapoli Statement on U.S. Withdrawal From Paris Agreement
… and encourage our portfolio companies to prepare for a low-carbon future. "We know climate change is real. …
https://www.osc.ny.gov/press/releases/2019/11/new-york-state-comptroller-dinapoli-statement-us-withdrawal-paris-agreementFar Rockaway Pre-School Executive Director Sentenced to Jail Time for Theft of Education Funds Intended for Special Needs Students
… of $8 million that was stolen from special education funds. I thank D.A. Brown for his thorough prosecution of all four perpetrators." District Attorney Brown said, "The funds provided to this center were designated to aid children … Kurmen, that it planned to conduct a routine audit of SEIT funds provided to ICDC. When state auditors arrived for the …
https://www.osc.ny.gov/press/releases/2018/03/far-rockaway-pre-school-executive-director-sentenced-jail-time-theft-education-funds-intended-specialAttorney General James and Comptroller DiNapoli Announce Guilty Verdict of Former Mount Vernon Government Official in $365,000 Corruption Scheme
… of former Mayor Richard Thomas' criminal case," said State Comptroller Thomas P. DiNapoli. "He also failed to … by filing a complaint online at investigations@osc.ny.gov , or by mailing a complaint to: Office of the State … of Investigations, 8th Floor, 110 State St., Albany, NY 12236. … Attorney General James and Comptroller DiNapoli …
https://www.osc.ny.gov/press/releases/2019/12/attorney-general-james-and-comptroller-dinapoli-announce-guilty-verdict-former-mount-vernonOpen Book New York
… Sales Tax Collections Monthly and Quarterly Breakdown by County and Region Adult-Use Cannabis Tax Revenue New York …
https://www.osc.ny.gov/open-book-new-yorkVillage of Margaretville - Fiscal Management (2018M-78)
… needs. Key Recommendations Adopt realistic budgets based on historical or other known trends. Use surplus general fund … funding needed reserves, reducing Village property taxes. Develop comprehensive multiyear financial and capital …
https://www.osc.ny.gov/local-government/audits/village/2018/08/17/village-margaretville-fiscal-management-2018m-78Town of Moreau – Budgeting and Multiyear Planning (2017M-185)
… Purpose of Audit The purpose of our audit was to determine whether the Board adopted realistic and … March 31, 2017. Background The Town of Moreau is located in Saratoga County, and the Village of South Glens Falls is … due to inadequate budgetary estimates. The Board has not adopted a fund balance policy or a multiyear financial …
https://www.osc.ny.gov/local-government/audits/town/2018/04/13/town-moreau-budgeting-and-multiyear-planning-2017m-185State Comptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced the … a $15 million interest-free loan and securing grants to fund 27 percent of project costs. In addition, city officials … at Open Book New York . Track municipal spending, the state's 180,000 contracts, billions in state payments and …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-audits-1Village of Coxsackie – Financial Condition and Water and Sewer Fund Accountability (2014M-324)
… and its accountability over the water and sewer funds for the period June 1, 2012 through May 31, 2014. Background … elected Mayor and Village Board. Budgeted appropriations for the 2014-15 fiscal year for all operating funds total approximately $3.7 million. Key …
https://www.osc.ny.gov/local-government/audits/village/2015/02/13/village-coxsackie-financial-condition-and-water-and-sewer-fund-accountabilityLevittown Union Free School District – Reserve Funds and Extra-Classroom Activity Fund (2016M-174)
… Board resolutions or policies that include the reasons why money is being set aside, financial objectives for the …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/22/levittown-union-free-school-district-reserve-funds-and-extra-classroomCanaseraga Central School District - Financial Management (2019M-104)
… reserve fund policy and could not demonstrate a plan for the need for certain reserves that have not been used for three years. Key Recommendations Adopt budgets that …
https://www.osc.ny.gov/local-government/audits/school-district/2019/08/09/canaseraga-central-school-district-financial-management-2019m-104Village of Cuba – Sewer Fund Financial Condition and Records and Reports (2013M-15)
… audit was to review the financial condition of the sewer fund and the internal controls over financial records and … budgeted appropriations totaled $784,000 for the general fund, $205,000 for the water fund, and $282,000 for the sewer fund. Key Findings The Board …
https://www.osc.ny.gov/local-government/audits/village/2013/03/29/village-cuba-sewer-fund-financial-condition-and-records-and-reports-2013m-15Genesee Valley Central School District - Financial Management (2019M-231)
… Findings The Board overestimated appropriations by a total of $2.7 million from 2016-17 through 2018-19 and annually appropriated $225,000 of fund balance that was not used to finance operations. As of June 30, 2019, surplus fund balance totaled over $1 …
https://www.osc.ny.gov/local-government/audits/school-district/2020/02/21/genesee-valley-central-school-district-financial-management-2019m-231Bemus Point Central School District - Financial Management (2019M-216)
… whether the Board and District officials properly managed fund balance and reserves. Key Findings The Board … and annually appropriated an average of $400,000 of fund balance that was not used to finance operations. The …
https://www.osc.ny.gov/local-government/audits/school-district/2020/02/14/bemus-point-central-school-district-financial-management-2019m-216