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XVI.3 Overview – XVI. Financial Reporting
… (e.g., City University of New York - Senior Colleges); or (2) maintain subsidiary systems to account for certain … manage (e.g., Medicaid or local assistance programs) where timing is such that, as of a particular reporting period, … relevant data has not yet been entered into the SFS. Guide to Financial Operations REV. 01/01/2017 …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3-overviewFuture Forward Internship Academy
… This track offers those students seeking a broader overview of business management practices an opportunity to … of human resources. This track offers students an overview of staffing and personnel, employee compensation and … will also be responsible for the presentation of the final product. Their project will be presented to various …
https://www.osc.ny.gov/jobs/internsCuba-Rushford Central School District – Cafeteria Purchases (2025M-28)
… is responsible for ordering food and supplies to provide meals and refreshments for students, sell a la carte items in the District’s two cafeterias, and cater meals and refreshments for allowable District meetings and … by the end of the next fiscal year. For more information on preparing and filing your CAP, please refer to our …
https://www.osc.ny.gov/local-government/audits/school-district/2025/07/25/cuba-rushford-central-school-district-cafeteria-purchases-2025m-28Charlotte Valley Central School District - Information Technology (2019M-27)
Determine whether the Board and District officials ensured District information technology (IT) assets and computerized data were safeguarded.
https://www.osc.ny.gov/files/local-government/audits/pdf/charlotte-valley-2019-27.pdfDiNapoli Offers Proposal to Encourage Better Local Government Budgeting
… The bill would provide reimbursement from the state to municipalities for costs incurred for hiring financial … real, lasting solutions. This proposal will help encourage municipalities to take action by offering them assistance in … of their fiscal decisions over time. They can then decide what program funding choices to make in advance, avoiding the …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-offers-proposal-encourage-better-local-government-budgetingCold Spring Harbor Central School District – Capital Assets (2023M-37)
… Objective Determine whether Cold Spring Harbor Central School District (District) officials properly recorded, … audit cold spring harbor school district …
https://www.osc.ny.gov/local-government/audits/school-district/2023/09/01/cold-spring-harbor-central-school-district-capital-assets-2023m-37Mount Pleasant Central School District – Financial Condition (2015M-82)
… July 1, 2013 through January 6, 2015. Background The Mount Pleasant Central School District is located in the Town of Mount Pleasant, in Westchester County. The District is … Mount Pleasant Central School District Financial Condition …
https://www.osc.ny.gov/local-government/audits/school-district/2015/07/17/mount-pleasant-central-school-district-financial-condition-2015m-82East Irondequoit Central School District – Sexual Harassment Prevention Training (S9-23-18)
… members completed annual sexual harassment prevention training (SHP Training). Key Findings SHP Training was not provided to all employees and any Board …
https://www.osc.ny.gov/local-government/audits/school-district/2023/08/25/east-irondequoit-central-school-district-sexual-harassment-preventionDiNapoli: Under New Tax Cap Calculation, School District Tax Levy Growth Near Zero
… Thomas P. DiNapoli. The latest calculation affects the tax cap calculations for 677 school districts as well as 10 … the “Big Four” cities of Buffalo, Rochester, Syracuse and Yonkers. “The nearly zero growth in the tax cap will … have about $308 million less in levy growth compared to what they had in 2015-16 when the allowable growth factor was …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-under-new-tax-cap-calculation-school-district-tax-levy-growth-near-zeroRensselaer City School District – Medicaid Reimbursements (2024M-42)
… Objective Determine whether the Rensselaer City School District (District) officials claimed Medicaid reimbursements to which the District was entitled. Key Findings District officials did … Determine whether the Rensselaer City School District District officials claimed Medicaid …
https://www.osc.ny.gov/local-government/audits/school-district/2024/07/12/rensselaer-city-school-district-medicaid-reimbursements-2024m-42Romulus Central School District - Financial Condition Management and State Transportation Aid (2018M-136)
Romulus Central School District - Financial Condition Management and State Transportation Aid (2018M-136)
https://www.osc.ny.gov/files/local-government/audits/pdf/romulus.pdfTiconderoga Central School District – Transportation State Aid and Extra-Classroom Activity Funds (2017M-182)
Ticonderoga Central School District – Transportation State Aid and Extra-Classroom Activity Funds (2017M-182)
https://www.osc.ny.gov/files/local-government/audits/pdf/lgsa-audit-school-2017-ticonderoga.pdfPlainedge Union Free School District – Financial Condition and Extra-Classroom Activity Funds (2017M-189)
Plainedge Union Free School District – Financial Condition and Extra-Classroom Activity Funds (2017M-189)
https://www.osc.ny.gov/files/local-government/audits/pdf/lgsa-audit-school-2018-plainedge.pdfOperational Advisory No. 13
… the first day in the earliest open accounting period. Any GL journals that are in an accounting period that is about to …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/13-august-2017-monthly-advisory-open-accounting-periodsStamford Central School District – Fund Balance Management (2022M-199)
… [read complete report here - pdf] Audit Objective Determine whether the … million (14 percent) and planned to use fund balance to cover operating deficits when the District realized operating … employees reserve balance of $602,749 was sufficient to cover expenditures for five years. Key Recommendations Adopt …
https://www.osc.ny.gov/local-government/audits/school-district/2023/04/14/stamford-central-school-district-fund-balance-management-2022m-199Adirondack Central School District – Financial Condition (2016M-184)
… Central School District is located in the Towns of Ohio, Russia and Webb in Herkimer County; the Towns of Lewis, Leyden, Lyonsdale and West Turin in Lewis County; and the Towns of Annsville, Ava, Boonville, …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/23/adirondack-central-school-district-financial-condition-2016m-184XVI.3.D Basis of Accounting/Measurement Focus – XVI. Financial Reporting
… events are reflected in financial statements. MEASUREMENT FOCUS Unlike the selection of an accounting basis, which is … with the timing of transactions and events, a measurement focus identifies what transactions and events should be recorded. The measurement focus is concerned with the inflow and outflow of resources …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3d-basis-accountingmeasurement-focusOriskany Central School District – Procurement (2017M-87)
Oriskany Central School District Procurement 2017M87
https://www.osc.ny.gov/local-government/audits/school-district/2017/07/28/oriskany-central-school-district-procurement-2017m-87Rye Neck Union Free School District – Information Technology (2016M-280)
… to ensure that District employees receive proper cyber security training to protect District assets. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/10/rye-neck-union-free-school-district-information-technology-2016m-280Town of Deerpark – Real Property Tax Collections (2017M-277)
… as the Tax Collector, established adequate controls over real property tax collections for the period January 1, 2016 … Town of Deerpark Real Property Tax Collections 2017M277 …
https://www.osc.ny.gov/local-government/audits/town/2018/04/27/town-deerpark-real-property-tax-collections-2017m-277