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Project Tracking Systems and Economic Assistance Program Evaluations (Follow-Up)
… Objective To determine the extent of implementation of the two recommendations included in our initial audit report, Project Tracking Systems and Economic Assistance … 2019. The objective of our initial audit, issued October 2021 and covering the period January 2016 to April 2021, was …
https://www.osc.ny.gov/state-agencies/audits/2024/02/14/project-tracking-systems-and-economic-assistance-program-evaluations-followNYS Common Retirement Fund Reports First Quarter Results
… estate and real assets (8.5 percent) and absolute return strategies and opportunistic alternatives (3.6 percent). In …
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsClaryville Fire District – Budgeting Practices (2014M-59)
… purpose of our audit was to examine budgeting practices for the period of January 1, 2012 through December 20, 2013. Background The Claryville Fire District, which is governed by an elected five-member Board … is a district corporation of the State, distinct and separate from the Towns of Neversink and Denning located …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/05/23/claryville-fire-district-budgeting-practices-2014m-59Owego-Apalachin Central School District – Special Education Services and Medicaid Reimbursements (2020M-21)
… missed sessions. The District was not reimbursed for 427 of 729 eligible services (59 percent) totaling $12,170. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2020/09/18/owego-apalachin-central-school-district-special-education-services-andThousands of State Computers and Other IT Devices Unaccounted for or Stored With Lax Security
… inventories. The audit found some state agencies were buying their own equipment, connecting it to ITS networks and … The data remained unreliable, despite the changes. By the time the audit was concluded, hindrances were removed and …
https://www.osc.ny.gov/press/releases/2025/02/thousands-state-computers-and-other-it-devices-unaccounted-or-stored-lax-securityValhalla Union Free School District – Financial Condition (2015M-333)
… for the period July 1, 2013 through September 30, 2015. Background The Valhalla Union Free School District … Board of Education. Budgeted appropriations for the 2015-16 fiscal year are approximately $47 million. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/25/valhalla-union-free-school-district-financial-condition-2015m-333Geneseo Central School District – IT Asset Management (S9-22-11)
… or establish adequate controls to safeguard IT assets. As a result, officials cannot assure taxpayers that money … to confirm they were inventoried. We found 12 percent of the sampled assets were not properly accounted for. … interactive displays (one costing $2,281 and one without a cost recorded) and one printer (no cost recorded) were not …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2023/03/16/geneseo-central-school-district-it-asset-management-s9-22-11Accounting for LOSAP
This session will discuss accounting principles and work through journal entry examples to ensure the proper recordkeeping for length of service award programs (LOSAP). Participants will also learn about the establishment of the programs, applicable GASB criteria and reporting requirements.
https://www.osc.ny.gov/files/local-government/academy/pdf/accounting-losap-120424.pdfLyncourt Union Free School District – Financial Condition (2016M-62)
… Purpose of Audit The purpose of our audit was to assess the District’s financial condition for the period July 1, 2014 through September 30, 2015. Background The Lyncourt Union Free School District is located in the Town of Salina, Onondaga …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/01/lyncourt-union-free-school-district-financial-condition-2016m-62DiNapoli: State Pension Fund Valued at $233.2 Billion at End of Second Quarter
… and real assets (13.53%) and credit, absolute return strategies, and opportunistic alternatives (6.23%). The …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-state-pension-fund-valued-2332-billion-end-second-quarterHammondsport Central School District – Multiyear Planning (2024M-54)
… balance over these three fiscal years that is not needed to finance operations is, in effect, a reservation of fund … The audit report includes four recommendations to help improve the District’s multiyear planning. Except as …
https://www.osc.ny.gov/local-government/audits/school-district/2024/08/30/hammondsport-central-school-district-multiyear-planning-2024m-54Pocatello Fire District – Board Oversight and Treasurer’s Records and Reports (2016M-301)
… of our audit was to examine the internal controls over the District’s financial operations for the period January 1, 2015 through May 25, 2016. … The Treasurer did not maintain complete and accurate accounting records. Key Recommendations Develop, adopt and …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/01/13/pocatello-fire-district-board-oversight-and-treasurers-records-and-reportsNYS Common Retirement Fund Reports Second Quarter Results
… State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2019-20 … to weather the ups and downs that have become standard in the past several months and are expected to continue.” The … traded domestic equities and 15.2 percent in international public equities. The remaining Fund assets by allocation are …
https://www.osc.ny.gov/press/releases/2019/11/nys-common-retirement-fund-reports-second-quarter-resultsNYS Common Retirement Fund Reports Third Quarter Results
… estate and real assets (8.6 percent) and absolute return strategies and opportunistic alternatives (3.5 percent). The …
https://www.osc.ny.gov/press/releases/2020/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Announces First Quarter Results
… (8.3 percent), real estate (7.0 percent), absolute return strategies (2.7 percent) and opportunistic alternatives and …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsXI.11.D Equipment and Software Maintenance Contracts – XI. Procurement and Contract Management
… agencies need to determine the specific maintenance services needed. Agencies also need to ensure they obtain those maintenance services at a reasonable price. Therefore, it is essential to … tests, measurements, adjustments and parts replacement performed at specific time intervals defined in the contract. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi11d-equipment-and-software-maintenance-contractsVillage of Monticello – Board Oversight (2013M-226)
… audit was to assess the oversight provided by the Board for the period August 1, 2011 through March 14, 2013. … that Village officials maintained accurate and up-to-date accounting records and, therefore, did not receive timely and … to fund operations, the amount owed to the Village for real property taxes, or the Village’s overall fiscal health. …
https://www.osc.ny.gov/local-government/audits/village/2014/02/14/village-monticello-board-oversight-2013m-226Cost-Saving Ideas: Using State Contracts to Acquire Goods or Services
… Access to State Contracts The Office of General Services (OGS) awards contracts for a vast array of goods and services … for local governments and school districts. You can view OGS contracts on its website at www.ogs.ny.gov , or register to receive email notices on …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-using-state-contracts-acquire-goods-or-servicesMount Pleasant Cottage School Union Free School District – Financial Condition (2013M-360)
… Purpose of Audit The purpose of our audit was to review the District’s financial condition for the period July 1, 2012 … September 10, 2013. Background The Mount Pleasant Cottage School Union Free School District is a special act school … procedures to clear long outstanding receivables from the accounting records. … Mount Pleasant Cottage School Union …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/07/mount-pleasant-cottage-school-union-free-school-district-financialInternal Controls for Inventory and Equipment
Print out presentation prior to webinar.
https://www.osc.ny.gov/files/local-government/academy/pdf/internal-controls-for-inventory-and-equipment-05-15-2020.pdf