Search

Town of Fishkill – Fiscal Stress (2013M-188)

… a $2.2 million deficit at the end of 2012. This resulted from overestimated revenues in 2009 and 2010 and … 2011. The town-wide general fund balance deficit increased from $384,000 in 2009 to a $1.4 million deficit at the end of … deficits in all the major funds and develop a realistic plan to accumulate fund balance so that the Town is prepared …

https://www.osc.ny.gov/local-government/audits/town/2013/09/16/town-fishkill-fiscal-stress-2013m-188

Village of Lyons Falls – Financial Management (2013M-393)

… fund balance remaining at year end, which helps determine how much is available to fund next year’s operations. Village …

https://www.osc.ny.gov/local-government/audits/village/2014/03/28/village-lyons-falls-financial-management-2013m-393

Child Care and Development Block Grant – Federal Funding and New York

… care assistance to low-income working families. Funds are provided to the state, which then distributes funding to … will decline by more than a third from FY 2025 to FY 2026. However, the City will likely incorporate additional … other than personal services (OTPS) costs for Pre-K and Early Childhood. FIGURE 1 – CCDBG Share of Cost for ACS, DOE …

https://www.osc.ny.gov/reports/budget/fed-funding-ny/child-care-and-development-block-grant

West Islip Union Free School District – Financial Management (2022M-40)

… report - pdf] Audit Objective Determine whether the West Islip Union Free School District’s (District) Board of … Determine whether the West Islip Union Free School Districts District Board of …

https://www.osc.ny.gov/local-government/audits/school-district/2022/07/08/west-islip-union-free-school-district-financial-management-2022m-40

Village of Scotia - Parking Tickets and Justice Court Operations (2019M-44)

… account for and enforce the collection of issued parking tickets. Determine whether Justice Court (Court) collections … timely. Key Findings The Village had 6,776 unpaid parking tickets totaling $354,705 outstanding as of July 31, 2018. … late fees totaling $5,110 on 184 (or 78 percent) parking tickets. The Court’s bail liability was $36,425, or $6,924 …

https://www.osc.ny.gov/local-government/audits/justice-court/2019/06/07/village-scotia-parking-tickets-and-justice-court-operations-2019m-44

Town of Bennington - Financial Management (2019M-249)

… complete report - pdf] Audit Objective Determine whether the Board and Town officials properly managed finances by … multiyear financial and capital plans and planning for and using fund balance. Key Findings Overall the Board … its financial management. It did not appropriately budget for certain expenditures and did not properly monitor …

https://www.osc.ny.gov/local-government/audits/town/2020/03/13/town-bennington-financial-management-2019m-249

DiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing

… of supply chain and contractor availability issues. HCR does offer extensions but the audit found not all local …

https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housing

IX.8.B Interest on Advance Payments to Vendors – IX. Federal Grants

… In some instances, payments are made to vendors, including sub-recipients, before the vendors have … the funds, the agency should require the funds be returned to the State. In such instances the agency should calculate … than $25, agencies should require that amount be paid to the State. Once the interest payment is received, it …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8b-interest-advance-payments-vendors

IX.12.M Journal Vouchers – IX. Federal Grants

… are used to: Reimburse service-providing state agencies for goods or services rendered to, or on behalf of the first state agency; or Reimburse a second state agency for state funds the second state agency disbursed for program purposes. These journal voucher payments are …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12m-journal-vouchers

XI.12 Overview – XI. Procurement and Contract Management

… contractor or contracting agency changes; and requirements for closing and, if necessary, re-establishing contracts in the Statewide Financial System (SFS). Guide to Financial …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12-overview

VII.9 Overview – VII. State Revenues and Appropriated Loan Receivables

… year using Effective Dated rows. When the FBIC process is run it will apply the most recent Effective Dated Redirect … modules under the SFS Financials menu to allow them to run the NYAR0260 (FBIC Invoice) and the NYGL0442 (FBIC … reports for their agency. These reports can only be run for data through March 31, 2019 before the new FBIC …

https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-overview

VII.9 Fringe Benefits and Indirect Costs – VII. State Revenues and Appropriated Loan Receivables

… Fringe Benefits and Indirect Costs will be paid from Federal and other dedicated revenue funds of the State. Fringe … and other dedicated revenue funds of the State, fringe benefits and a proportionate share of administrative costs … Fringe Benefits and Indirect Costs will be paid from Federal and …

https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-fringe-benefits-and-indirect-costs

Examples from GASB Statement 34 - Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds

… 2,954,389 2,954,389 Education - payment to school district 21,893,273 21,893,273 Debt … debt 17,529,560 1,300,000 18,829,560 Payment to bond refunding escrow agent (37,284,144) … of the net change in fund balances of governmental funds to the change in net assets in the statement of activities is …

https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-1

Deposit Central School District - Financial Condition (2018M-204)

… education services and offer programs in-house when it is cost-effective to do so. District officials should examine …

https://www.osc.ny.gov/local-government/audits/school-district/2019/02/08/deposit-central-school-district-financial-condition-2018m-204

IX.12.F CMIA Interest Liabilities – IX. Federal Grants

… CMIA interest liabilities paid by either the Federal Government or the state to the other … CMIA interest liabilities paid by either the Federal Government or the state to the other …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12f-cmia-interest-liabilities

LaFayette Central School District – Reserves (2013M-387)

… funds over multiple fiscal years, they can be considered de facto reserve funds. The District did not have a plan for … or funding reserves. Take remedial action to ratify the de facto reserves by adopting appropriate resolutions. Adopt …

https://www.osc.ny.gov/local-government/audits/school-district/2014/03/07/lafayette-central-school-district-reserves-2013m-387

City of Saratoga Springs – Financial Condition (2012M-201)

… the financial condition of the City’s general, water and sewer funds for the period January 1, 2008, to December 31, … $2.9 million for the water fund, and $3.7 million for the sewer fund. Key Findings Since our last audit of the City’s … Also, while the financial condition of the water and sewer funds has improved during our audit period, the water …

https://www.osc.ny.gov/local-government/audits/city/2013/02/15/city-saratoga-springs-financial-condition-2012m-201

DiNapoli Releases Mid-Year State Cash Report and Review

… from other funds) totaled $35.4 billion through Sept. 30, an increase of 11 percent, or $3.4 billion. General Fund … and federal Capital Projects funds. The report is now accessible in Excel and Adobe formats. For a copy of the … contracts and other fiscal issues. These are easily accessible on his transparency website called Open Book New …

https://www.osc.ny.gov/press/releases/2014/10/dinapoli-releases-mid-year-state-cash-report-and-review