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Town of Chili - Financial Management and Cash Receipts (2019M-167)

To determine whether the Board and Town officials adopted realistic budgets and effectively managed fund balance and reserves. To determine whether Town depart

https://www.osc.ny.gov/files/local-government/audits/pdf/chili-2019-167.pdf

Town of Solon - Financial Management (2018M-233)

Determine if the Board established a fund balance, reserve policy and long-term plans to address Town’s operational and capital needs in general & highway funds

https://www.osc.ny.gov/files/local-government/audits/pdf/solon.pdf

Homes and Community Renewal: Housing Trust Fund Corporation: Oversight of the Rural Rental Assistance Program (2023-S-53)

To determine whether project owners are receiving Rural Rental Assistance Program payments only for eligible units and are properly maintaining the units for which they receive RRAP payments, and whether the Housing Trust Fund Corporation is engaging in adequate outreach activities to ...

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-23s53.pdf

Dunkirk City School District – Financial Management (2017M-122)

… to review the District’s financial management practices for the period July 1, 2013 through May 25, 2017. Background … Board of Education. General fund budgeted appropriations for the 2016-17 fiscal year totaled more than $40 million. … and reasonable. Use surplus funds as a financing source for funding one-time expenditures, reducing District property …

https://www.osc.ny.gov/local-government/audits/school-district/2017/10/13/dunkirk-city-school-district-financial-management-2017m-122

Town of Lincklaen – Board Oversight (2017M-37)

… of Audit The purpose of our audit was to examine the Board’s oversight of Town financial activities for the period … $535,000. Key Findings The Town accumulated significant fund balance in the general and highway town-wide funds … not establish and implement necessary controls over the disbursement process to safeguard Town money. Key …

https://www.osc.ny.gov/local-government/audits/town/2018/01/26/town-lincklaen-board-oversight-2017m-37

Springville-Griffith Institute Central School District – Financial Management (2015M-221)

… or that correct entries were made for interfund loans on fund ledgers. District officials did not always pay employees … loans to determine the actual amount owed by each fund. Ensure that the payroll is based on contractual or …

https://www.osc.ny.gov/local-government/audits/school-district/2016/01/08/springville-griffith-institute-central-school-district-financial

Raquette Lake Union Free School District – Monitoring Financial Condition (2016M-203)

… with the accounting records. The Board appropriated more fund balance than was available in each of the last three … and up to date. Use the most accurate estimates of fund balance available when preparing the annual budget. … …

https://www.osc.ny.gov/local-government/audits/school-district/2016/09/30/raquette-lake-union-free-school-district-monitoring-financial-condition

Town of Middlefield – Budgeting (2015M-109)

… unrealistic budgets and relied on one-time revenues to fund operations. The Board did not approve budget line … reduce the Town’s reliance on one-time revenues, such as fund balance, as a financing source for recurring …

https://www.osc.ny.gov/local-government/audits/town/2015/08/14/town-middlefield-budgeting-2015m-109

Town of Marilla – Town Supervisor’s Activities (2015M-27)

… in the operating funds and return it to the debt service fund or capital projects fund, as required. Perform an annual audit of the …

https://www.osc.ny.gov/local-government/audits/town/2015/05/22/town-marilla-town-supervisors-activities-2015m-27

Town of Russia – Financial Management (2014M-212)

… multiyear or capital plans. Key Recommendations Develop a fund balance policy that establishes a reasonable amount of fund balance to meet the Town’s needs and formulate a plan …

https://www.osc.ny.gov/local-government/audits/town/2014/10/03/town-russia-financial-management-2014m-212

Town of Horseheads – Financial Management (2015M-211)

… developed multiyear financial plans to address the use of fund balance to finance operations, the continued reduction … realistic estimates of revenues, appropriations and fund balance. Develop comprehensive multiyear financial and …

https://www.osc.ny.gov/local-government/audits/town/2015/12/11/town-horseheads-financial-management-2015m-211

Cherry Valley Fire District - Board Oversight (2019M-141)

… Findings The Board did not: Properly establish reserves or establish a reserve fund policy. Ensure that fire …

https://www.osc.ny.gov/local-government/audits/fire-district/2019/10/30/cherry-valley-fire-district-board-oversight-2019m-141

Jasper-Troupsburg Central School District – Financial Condition (2015M-22)

… Jasper, Rathbone, Troupsburg and Woodhull, in Steuben County. The District, which operates two schools with … action in response to audits completed by a certified public accounting firm for the last three years. Key Recommendations …

https://www.osc.ny.gov/local-government/audits/school-district/2015/03/27/jasper-troupsburg-central-school-district-financial-condition-2015m-22

Sullivan West Central School District – Financial Condition (2014M-40)

… more unexpended surplus funds than necessary to fund District operations. The District incurred operating … taxes that were higher than necessary. Two reserve fund balances were in excess of the amounts needed for …

https://www.osc.ny.gov/local-government/audits/school-district/2014/08/15/sullivan-west-central-school-district-financial-condition-2014m-40

Onondaga Cortland Madison Board of Cooperative Educational Services – Cash Management (2023M-40)

… to realize additional interest earnings totaling $310,865. The Assistant Superintendent for Administration (Assistant … comprehensive investment program or develop procedures for the operation of the investment program in compliance with the Board of …

https://www.osc.ny.gov/local-government/audits/boces/2023/06/02/onondaga-cortland-madison-board-cooperative-educational-services-cash-management

Hawthorne Cedar Knolls Union Free School District – Financial Condition (2023M-4)

… budgets, they did not develop a multiyear financial plan for the District. Key Recommendations Develop a plan to …

https://www.osc.ny.gov/local-government/audits/school-district/2023/06/09/hawthorne-cedar-knolls-union-free-school-district-financial-condition

Town of Varick – Water and Sewer Operations (2021M-46)

… and vendor contracts. Develop a fair and equitable method for allocating costs among the districts. Develop and adopt …

https://www.osc.ny.gov/local-government/audits/town/2022/02/04/town-varick-water-and-sewer-operations-2021m-46

Camden Central School District – Financial Condition (2016M-51)

… District’s financial condition to ensure that the general fund’s unrestricted fund balance was within the statutory limit. District … reserve balances and transfer excess funds to unrestricted fund balance, where allowed by law, or other reserves …

https://www.osc.ny.gov/local-government/audits/school-district/2016/06/03/camden-central-school-district-financial-condition-2016m-51