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Town of Owasco – Financial Management and Procurement (2021M-70)

… (Board) effectively managed fund balances and reserves for the general, water and sewer district funds and has … increasing to an excessive level. Always seek competition for professional services or have adequate written agreements for the services provided. Properly procure playground …

https://www.osc.ny.gov/local-government/audits/town/2021/08/13/town-owasco-financial-management-and-procurement-2021m-70

Town of Mayfield - Town Clerk (2016M-29)

… accurate manner. The Clerk also did not complete monthly bank reconciliations or accountabilities to compare cash on … the Clerk’s monthly report, deposit all collections in the bank accounts in an accurate and timely manner, and disburse all …

https://www.osc.ny.gov/local-government/audits/town/2020/03/13/town-mayfield-town-clerk-2016m-29

Fonda-Fultonville Central School District – Reserves Management (2021M-157)

… liability reserve or fund the repair reserve, as required. Pass a required resolution to properly transfer $114,895 into …

https://www.osc.ny.gov/local-government/audits/school-district/2022/02/04/fonda-fultonville-central-school-district-reserves-management-2021m-157

Town of Bolton - Urban Development Action Grant Repayment Funds (2017M-216)

… UDAG repayment money totaling $4.5 million for long-term loans to fund capital projects was not consistent with their adopted policy to use the money as revolving loans for local business development. Board-approved loans made from the community development (CD) fund were …

https://www.osc.ny.gov/local-government/audits/town/2018/05/18/town-bolton-urban-development-action-grant-repayment-funds-2017m-216

County of Otsego – Accountability Over Trust and Agency Funds (2014M-041)

… through October 31, 2013. Background The County of Otsego is located in central New York State and had a 2010 population of 62,259. The County is governed by an elected 14-member Board of Representatives. …

https://www.osc.ny.gov/local-government/audits/county/2014/06/13/county-otsego-accountability-over-trust-and-agency-funds-2014m-041

Town of Long Lake – Capital Projects and Reserve Funds (2012M-235)

… Town officials have not closed out a capital project for a dump closure with a remaining cash balance of $111,373. Town …

https://www.osc.ny.gov/local-government/audits/town/2013/02/08/town-long-lake-capital-projects-and-reserve-funds-2012m-235

Andover Central School District – Internal Controls Over Reserve Funds (2013M-162)

… or operating effectively. District policy provides that an annual report of District reserves must be prepared and submitted to … the projected use and need of reserve funds could be limited. Currently the District has more than $1 million in a …

https://www.osc.ny.gov/local-government/audits/school-district/2013/09/13/andover-central-school-district-internal-controls-over-reserve-funds

Allegany-Limestone Central School District – Reserve Funds and Fixed Assets (2013M-228)

… The District engaged a third-party asset tracking company to account for the District’s fixed assets, without … Our review of nine assets included on the disposed asset list disclosed that five of them valued at $6,000 were still … District’s current practices. Require the asset management company to perform the services required pursuant to the …

https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/allegany-limestone-central-school-district-reserve-funds-and-fixed-assets

Baldwinsville Public Library – Private Funds and Employee Leave Accruals (2014M-256)

… of July 1, 2012 through February 28, 2014. Background The Baldwinsville Public Library is located in the Village of Baldwinsville in Onondaga County. It is governed by an … Baldwinsville Public Library Private Funds and Employee Leave …

https://www.osc.ny.gov/local-government/audits/library/2014/12/05/baldwinsville-public-library-private-funds-and-employee-leave-accruals-2014m-256

Bradford Volunteer Fire Company, Inc. – Apparent Misappropriation of Funds (2016M-91)

… January 1, 2014 through September 17, 2015. Background The Bradford Volunteer Fire Company, Inc. is a not-for-profit … and emergency rescue services to residents in the Town of Bradford in Steuben County and the Town of Orange in Schuyler … Bradford Volunteer Fire Company Inc Apparent Misappropriation …

https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2016/12/02/bradford-volunteer-fire-company-inc-apparent-misappropriation

Examples from GASB Statement 34 - Sample City Balance Sheet Governmental Funds

… Sample City Balance Sheet Governmental Funds December 31, 2002 Assets Assets … Examples from GASB Statement 34 Sample City Balance Sheet Governmental Funds …

https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-2