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Gates-Chili Central School District - Financial Management (2019M-53)
Determine whether the Board and District officials adopted realistic budgets and effectively managed fund balance and reserves.
https://www.osc.ny.gov/files/local-government/audits/pdf/gates-chili-2019-53.pdfV.3.D Accounts – V. Chart of Accounts (COA) Governance
… Liabilities/Deferred Inflows of Resources 20000-21999 Fund Balance 25000-25999 Operating Statement Revenues: … 50000-50999 Non-Personal Service 51000-58999 General State Charges 60000-60299 Local Assistance 60300-60399 Debt … can be found on SFS Secure and submit it to helpdesk@sfs.ny.gov . Guide to Financial Operations REV. 04/06/2018 … The …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3d-accountsOpinion 2001-14
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … law principles (see e.g., People ex rel. Ryan v Green , 58 NY 295). 3 For example, under such a reading of the statute, …
https://www.osc.ny.gov/legal-opinions/opinion-2001-14Opinion 88-79
… This opinion represents the views of the Office of the State Comptroller at the time it was … may use "program income" derived from a federal Urban Development Action Grant to provide grants or loans to assist … a local development corporation pursuant to Not-for-Profit Corporation Law, §§402 and 1411 and anticipates …
https://www.osc.ny.gov/legal-opinions/opinion-88-79XIV.2 Obligation, Accounting and Budget Dates – XIV. Special Procedures
… Overview This section defines dates required for various transactions in the Statewide Financial System … were provided by the State that resulted in a claim for collection from the State (accounts receivable). … 9th Floor Albany, NY 12236 Email: [email protected] Phone: (518) 474-3277 Guide to Financial Operations REV. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv2-obligation-accounting-and-budget-datesCity of Fulton – Fiscal Stress (2013M-310)
… budgets that have routinely relied on the appropriation of fund balance as a financing source, causing the City to incur planned operating deficits in the general fund. This has led to a significant reduction in the City’s … funds that the City should maintain. Reduce reliance on fund balance as a financing source and continue to evaluate …
https://www.osc.ny.gov/local-government/audits/city/2013/11/22/city-fulton-fiscal-stress-2013m-310South Jefferson Central School District – Community Services (2016M-343)
… $32.6 million. Key Findings The backpack Program’s fund did not reimburse the school lunch fund for a minimum of $4,640 spent on Program expenditures. … $1.74 per mile. Key Recommendations Ensure the Program’s fund reimburses the District for all Program expenditures …
https://www.osc.ny.gov/local-government/audits/school-district/2017/06/02/south-jefferson-central-school-district-community-services-2016m-343Pavilion Central School District – Financial Management (2017M-62)
… totaling $2.1 million during these years. The reserve fund policy did not stipulate the maximum funding levels for … or reducing District property taxes. Revise the reserve fund policy to ensure that it identifies optimal or targeted … each reserve and the conditions under which each reserve fund will be used or replenished. Review all reserves to …
https://www.osc.ny.gov/local-government/audits/school-district/2017/06/23/pavilion-central-school-district-financial-management-2017m-62Village of Pomona – Financial Condition (2015M-272)
… 3,100, is governed by a Village Board. The general fund’s budgeted appropriations for the 2015-16 fiscal year … $2.4 million. Key Findings The Village has an estimated fund balance deficit of $933,000 as of the end of fiscal year … Key Recommendations Develop a plan to eliminate the fund balance deficit and alleviate the general fund’s fiscal …
https://www.osc.ny.gov/local-government/audits/village/2015/12/31/village-pomona-financial-condition-2015m-272Schoharie Central School District – Financial Condition (2013M-263)
… audit was to examine the District’s financial condition for the period July 1, 2011 through July 8, 2013. Background … elected members. The District’s budgeted expenditures for the 2013-14 fiscal year are $21 million. Key Finding … Develop and adopt budgets that include realistic estimates for expenditures based on contractual and historical data. …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/13/schoharie-central-school-district-financial-condition-2013m-263Lowville Academy and Central School District – Financial Condition (2015M-220)
… reduce real property taxes, and the District’s unassigned fund balance has more than doubled as a result. District … been using reserve funds as repositories for excessive fund balance. Key Recommendations Adopt budgets with realistic estimated of anticipated expenditures and fund balance available for appropriation. Develop …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/27/lowville-academy-and-central-school-district-financial-condition-2015mBrunswick Central School District – Financial Condition (2014M-002)
… the District’s oversight of its financial operations for the period July 1, 2010 through June 30, 2013. Background … 1,200 students and 200 employees. Budgeted expenditures for the 2013-14 school year were approximately $21 million. … Develop and adopt budgets that include realistic estimates for expenditures and discontinue the practice of adopting …
https://www.osc.ny.gov/local-government/audits/school-district/2014/07/11/brunswick-central-school-district-financial-condition-2014m-002Village of Frankfort – User Charges (2014M-117)
… Purpose of Audit The purpose of our audit was to examine whether Village officials ensured that water, … go undetected. Village officials did not designate someone to approve adjustments and did not ensure that an audit log … and electric duties of billing, collecting and recording to the extent practical and provide oversight and an …
https://www.osc.ny.gov/local-government/audits/village/2014/06/27/village-frankfort-user-charges-2014m-117Village of Penn Yan – Water Operations (2013M-104)
… of six Trustees and the Mayor. The budgeted general fund appropriations for 2012-13 are approximately $4.4 million and water fund appropriations are approximately $1.74 million. Key … and place the funds in a lawfully established reserve fund … Village of Penn Yan Water Operations 2013M104 …
https://www.osc.ny.gov/local-government/audits/village/2013/07/26/village-penn-yan-water-operations-2013m-104Village of Depew – Internal Controls Over Capital Projects (2013M-29)
… recorded certain capital project activity in the sewer fund, together with routine sewer operations, which are … of all of these resources and transactions in the sewer fund does not allow for capital activity to be appropriately … each capital project separately in the capital projects fund. Use the records for each capital project to track the …
https://www.osc.ny.gov/local-government/audits/village/2013/04/19/village-depew-internal-controls-over-capital-projects-2013m-29What Every Employer Should Know – What Every Employer Should Know
… provides employers a broad understanding of the Retirement System and what it means to participate as an …
https://www.osc.ny.gov/retirement/employers/partnershipThe Monthly Report – Enhanced Reporting
… NYSLRS employers report information about employees through Retirement Online including their earnings the number of days …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/monthly-reportDiNapoli Releases Fiscal Stress Scores for 17 Cities
… State Comptroller Thomas P. DiNapoli issued fiscal stress … plans.” Using financial indicators that include year-end fund balance, short-term borrowing and patterns of operating … fiscal stress scores, visit: http://wwe1.osc.state.ny.us/localgov/fiscalmonitoring/fsms.cfm For an overview of …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-releases-fiscal-stress-scores-17-citiesLife Changes: How Do I Prepare to Retire?
Essential information to help NYSLRS members understand their options as they plan for financial security in retirement.
https://www.osc.ny.gov/files/retirement/publications/pdf/1709-prepare-to-retire.pdfDiNapoli: Coronavirus Will Cause Multi-Year Hit to State Finances
… impacts on public health, jobs, the economy and state finances. As a result, the enacted state budget leaves … state received almost $3.8 billion in Coronavirus Relief Fund resources earlier this month, the total amount of …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-coronavirus-will-cause-multi-year-hit-state-finances