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Examples from GASB Statement 34 - Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
… included in this bulletin, copyright by the Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission. Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Year …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-1VII.9 Overview – VII. State Revenues and Appropriated Loan Receivables
… costs to the State, as an employer, for Retirement plans, Social Security, Health Insurance, Dental Insurance, Worker's … by the Division of Budget. For example, a special rate can be developed for a state-administered program of an …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-overviewVII.9 Fringe Benefits and Indirect Costs – VII. State Revenues and Appropriated Loan Receivables
… costs to the State, as an employer, for Retirement plans, Social Security, Health Insurance, Dental Insurance, Worker's … by the Division of Budget. For example, a special rate can be developed for a state-administered program of an …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-fringe-benefits-and-indirect-costsIX.8.B Interest on Advance Payments to Vendors – IX. Federal Grants
… should the single payment voucher be submitted until the AR deposit has been posted in the SFS via one of the deposit …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8b-interest-advance-payments-vendorsXI.12 Overview – XI. Procurement and Contract Management
… contracting and ensuring the prudent expenditure of funds. From contract award to contract closeout, any number … contracting and ensuring the prudent expenditure of funds …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12-overviewVillage of Round Lake – Budgeting Practices and Financial Condition (2015M-26)
… that appropriated fund balance from the water and sewer funds. Consistent appropriation of fund balance and … structurally balanced budgets for the water and sewer funds. Develop a plan to eliminate the fund balance deficit … and to alleviate the fiscal stress of the water and sewer funds. Develop a multiyear plan that includes provisions to …
https://www.osc.ny.gov/local-government/audits/village/2015/05/22/village-round-lake-budgeting-practices-and-financial-condition-2015m-26Town of Hoosick – Departmental Cash Collections and Sales Tax Allocation (2016M-428)
… not properly allocate sales tax revenues to its part-town funds in compliance with statute. For the 2014 though 2016 … of $130,615 that should have been allocated to part-town funds was allocated to town-wide funds. Key Recommendations Establish and adopt policies and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-hoosick-departmental-cash-collections-and-sales-tax-allocation-2016m-428XVI.3.A Financial Statements – XVI. Financial Reporting
… GASB Codification Section 2200 – Annual Comprehensive Financial Report (formerly comprehensive annual financial … The basic financial statements consist of the following: Statement of Net Position (Reporting Government-Wide); … Statement of Activities) report information on all of the non-fiduciary activities of the primary government and its …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3a-financial-statementsDiNapoli: Audit Finds Misuse of Funds in Town of Fishkill
… providing food, coffee, bingo games, and organizing paid day trips and overnight trips. The town’s recreation director … credit card. The director subsequently wrote checks from the unauthorized account to herself and her husband for … staff also failed to reimburse the town for two cruises, a trip to Las Vegas and day trips. DiNapoli made several …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-audit-finds-misuse-funds-town-fishkillDiNapoli: Former Fire District Treasurer Arrested for Stealing Public Funds
… former treasurer of Pulteney Fire District #2 in Steuben County. Lisa Stone, 44 of Hammondsport, was charged with … records after an audit and investigation by DiNapoli’s office uncovered the misappropriation of more than $5,000 … Stone confessed to DiNapoli’s staff and the Steuben County Sheriff’s Department that she wrote herself extra salary …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-former-fire-district-treasurer-arrested-stealing-public-fundsDiNapoli: Former Almond Treasurer Took $22,000 in Fire Department Funds
… with local law enforcement to determine the extent of the fraud. Dieter is due back in court on September 8. “This … His anti-corruption initiative has led to more than 50 arrests and $7 million in restitution in 2013 and 2014 alone. DiNapoli encourages the public to help fight fraud and abuse. New Yorkers can report allegations of fraud …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-former-almond-treasurer-took-22000-fire-department-fundsBrookhaven-Comsewogue Union Free School District - Extra-Classroom Activity Funds (2021M-181)
… $321,554 are not properly accounted for by the ECA club. Properly appoint faculty auditors and ensure their … nine activity clubs as ECA clubs. Ensure that each club maintained a separate set of records from those of the … be maintained by the student activity treasurer for each club. District officials agreed with our recommendations and …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/17/brookhaven-comsewogue-union-free-school-district-extra-classroom-activityTown of Riverhead - Peconic Bay Community Preservation Funds (P7-23-25)
Determine whether Town of Riverhead Town officials properly administered the Peconic Bay Community Preservation Fund CPF to ensure that all collections were properly supported recorded and deposited and that disbursements were proper and supported
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/02/23/town-riverhead-peconic-bay-community-preservation-funds-p7-23-25Middle Country Central School District – Extra-Classroom Activity Funds (2022M-160)
… and did not appoint a faculty counselor. Ensure each club maintained a separate set of records from those of the … District officials did not ensure: 15 of 39 activity club collections totaling $72,998 and 20 of 39 cash … disbursements totaling $44,395 were recorded by the ECA club. 16 deposits totaling $23,680 were deposited timely. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2023/03/17/middle-country-central-school-district-extra-classroom-activity-fundsDiNapoli: Town of Cohocton Clerk Arrested for Stealing Public Funds
… she pocketed tax penalty payments, as well as cash for building permits and dog licenses, over a six-year period. …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-town-cohocton-clerk-arrested-stealing-public-fundsReporting on Foreclosure of Real Property Funds – Kings County (Follow-Up)
… audit report, Reporting on Foreclosure of Real Property Funds – Kings County ( Report 2013-S-2 ). Background Our … did not always properly report and account for foreclosure funds. Referees deposited surplus funds late in five of the …
https://www.osc.ny.gov/state-agencies/audits/2015/12/31/reporting-foreclosure-real-property-funds-kings-county-followControls and Accountability of Court, Trust and Bail Funds (Follow-up)
… recommendations included in our initial report, Controls and Accountability of Court, Trust and Bail Funds ( 2013-N-1 ). Background Our initial audit … on April 16, 2014, determined that NYC Department of Finance’s (Finance) Court Assets Department could not …
https://www.osc.ny.gov/state-agencies/audits/2015/12/03/controls-and-accountability-court-trust-and-bail-funds-followVillage of Cobleskill - Misappropriated Funds and Board Oversight (2018M-47)
Determine whether the Board provided sufficient oversight of the former ClerkTreasurer
https://www.osc.ny.gov/local-government/audits/village/2020/01/03/village-cobleskill-misappropriated-funds-and-board-oversight-2018m-47Plattekill Public Library – Procurement and Investment of Funds (2020M-143)
… Library (Library) Board of Trustees (Board) made purchases in compliance with its procurement policy and invested in accordance with … Adopt a procurement policy that included professional services. As a result, officials did not seek competition for …
https://www.osc.ny.gov/local-government/audits/library/2021/04/16/plattekill-public-library-procurement-and-investment-funds-2020m-143Westhampton Beach Union Free School District – Extra-Classroom Activity Funds (2021M-9)
… School District’s (District’s) clubs properly accounted for, supported, deposited and used extra-classroom activity … all funds received and disbursed were properly accounted for. Deposits were not always supported by school deposit … or accurately completed bank deposit slips and activity logs. Of the collections we reviewed, $82,592 (95 percent) …
https://www.osc.ny.gov/local-government/audits/school-district/2021/04/09/westhampton-beach-union-free-school-district-extra-classroom-activity