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Village of Sidney – Financial Activities (2023M-14)
… by $434,929 in fiscal year 2021-22. Two capital project funds and three community development funds have negative fund balances that may require a transfer …
https://www.osc.ny.gov/local-government/audits/village/2023/05/19/village-sidney-financial-activities-2023m-14Herkimer Central School District – 2014 Building Renovation Capital Project (2022M-136)
… involving the former clerk of the works. In March 2022, the former clerk of the works was arrested for … System out of $52,514 in pension payments. In September 2022, the former clerk of the works pled guilty to attempted …
https://www.osc.ny.gov/local-government/audits/school-district/2022/11/23/herkimer-central-school-district-2014-building-renovation-capital-projectDiNapoli: State Pension Fund Valued at $246.3 Billion at End of Second Quarter
New York State Comptroller Thomas P DiNapoli today announced that the estimated value of the New York State Common Retirement Fund Fund was $2463 billion at the end of the second quarter of State Fiscal Year 202324
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-state-pension-fund-valued-246-point-3-billion-end-second-quarterSilver Creek Central School District – Financial Management (2022M-153)
… and appropriated $2.7 million of fund balance and reserve funds that were not needed to fund operations from 2018- 19 … million, or 27 percentage points. Overfunded four reserve funds by as much as $2.3 million. Key Recommendations Adopt …
https://www.osc.ny.gov/local-government/audits/school-district/2023/01/06/silver-creek-central-school-district-financial-management-2022m-153Byron-Bergen Central School District – Online Banking and Information Technology (2014M-261)
… the manner in which electronic or wire transfers of funds would be accomplished. District officials have not … the manner in which electronic or wire transfers of funds will be accomplished. Ensure that alerts and other …
https://www.osc.ny.gov/local-government/audits/school-district/2014/12/05/byron-bergen-central-school-district-online-banking-and-informationTown of Geneseo – Information Technology and Multiyear Planning (2017M-84)
… Audit The purpose of our audit was to evaluate the Town’s information technology (IT) controls and multiyear planning for the period January 1, 2016 through March 24, 2017. Background The Town of …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-geneseo-information-technology-and-multiyear-planning-2017m-84XII.8.C Payment Intercepts – XII. Expenditures
… to be paid to one entity must be diverted, in whole or in part, to another entity, the Business Unit must send a … Customer Service Help Desk at (518) 474-4868, or by email addressed to [email protected] . Guide to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8c-payment-interceptsRome City School District – Multiyear Planning (2021M-144)
… did not develop comprehensive written multiyear financial or capital plans. While officials have some information … projected annual operating deficits in future fiscal years or assess the impact of the operating deficits on fund …
https://www.osc.ny.gov/local-government/audits/school-district/2021/12/03/rome-city-school-district-multiyear-planning-2021m-144Andes Central School District – Financial Management (2013M-250)
… funds to unrestricted fund balance, where allowed by law, or other reserves established and maintained in compliance …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/andes-central-school-district-financial-management-2013m-250Village of Penn Yan – Water Operations (2013M-104)
… has not adopted appropriate policies and did not receive or review sufficient financial information to appropriately … within the Village did not disclose any material errors or irregularities. However, we found that the Village has not …
https://www.osc.ny.gov/local-government/audits/village/2013/07/26/village-penn-yan-water-operations-2013m-104State Comptroller DiNapoli Releases School District Audits
… and event admission funds were not adequately safeguarded or properly accounted for. District officials did not provide …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-dinapoli-releases-school-district-audits-0IX.7.F M-Year Legislation – IX. Federal Grants
… that state agencies make every effort to disburse and/or adjust all unspent federal project balances for all awards … In some instances, the life of a federal award may be more or less than M-Year limits, and is set at the discretion of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix7f-m-year-legislationIX.7.C Fringe Benefits and Indirect Costs – IX. Federal Grants
… rate can be developed for a state-administered program or an organizational unit supported with federal funds. For programs or funds that require a rate other than the standard rate, or require a waiver, agencies should enter a new waiver …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix7c-fringe-benefits-and-indirect-costsCity of Olean – Budget Review (B1-13-2)
… in improving its financial condition and implemented or resolved recommendations contained in our budget review …
https://www.osc.ny.gov/local-government/audits/city/2013/03/20/city-olean-budget-review-b1-13-2Pavilion Central School District – Financial Management (2017M-62)
… necessary for using reserves to finance related costs or the circumstances under which reserve funds will be … the District’s operating needs based on historical trends or other identified analysis and use surplus funds as a … for funding one-time expenditures, funding needed reserves or reducing District property taxes. Revise the reserve fund …
https://www.osc.ny.gov/local-government/audits/school-district/2017/06/23/pavilion-central-school-district-financial-management-2017m-62Smithtown Central School District – Capital Projects (2016M-202)
… Ensure that all capital projects are properly authorized and established with a maximum estimated cost. Require the … to submit periodic reports that show actual revenues and expenditures over the life of each project compared to …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/19/smithtown-central-school-district-capital-projects-2016m-202Odessa-Montour Central School District – Financial Condition (2016M-71)
… the statutory limit. The District does not have a policy or formal plan for its six reserves. The District did not …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/odessa-montour-central-school-district-financial-condition-2016m-71Lowville Academy and Central School District – Financial Condition (2015M-220)
… power revenues. District officials have been using reserve funds as repositories for excessive fund balance. Key … prudent use of future wind power revenues. Review reserve funds at least annually to determine if amounts reserved are …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/27/lowville-academy-and-central-school-district-financial-condition-2015mChittenango Central School District – Financial Management (2016M-294)
… and District officials did not develop reasonable budgets or effectively manage the District’s financial condition to …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/30/chittenango-central-school-district-financial-management-2016m-294Brentwood Union Free School District – Fund Balance and Hiring Practices (2016M-251)
… totaling $36 million, could not provide a clear purpose or intent regarding the future purpose of $4.2 million …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/22/brentwood-union-free-school-district-fund-balance-and-hiring-practices