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Opinion 92-52

… the issues discussed in the opinion. PUBLIC AUTHORITIES -- Municipal Cooperation (joint investments by municipalities … PUBLIC AUTHORITIES LAW, §§1197-e(22), 1197-j: The Water Authority of Great Neck North may not enter into a … with other authorities, municipalities, counties, cities, towns, villages, water districts, utility companies, …

https://www.osc.ny.gov/legal-opinions/opinion-92-52

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

… reserve or fund the repair reserve, as required. Pass a required resolution to properly transfer $114,895 into the retirement reserve. While it is a prudent practice for officials to save for future … that the District may overfund reserves which can result in higher than necessary real property tax levies. Key …

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

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

… the County’s accountability over selected trust and agency funds for the period of January 1, 2012 through October 31, … Board of Representatives. It uses trust and agency funds to account for assets held in a trustee capacity or as … private organizations, other governmental units or other funds. Key Findings The Treasurer could not determine the …

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)

… 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)

… of our audit was to review internal controls over reserve funds for the period July 1, 2007, through April 30, 2013. … $8.2 million. Key Findings Internal controls over reserve funds are not appropriately designed or operating … summary statement of projected use and need of the reserve funds. However, the annual report prepared by the Business …

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)

… was to review District official’s internal controls over reserve funds and movable fixed assets for the period July 1, … percent. The Board failed to adopt a formalized plan for reserve funds that included the intent, funding levels and … the District had more than $2 million in a debt service reserve that District officials could not associate with any …

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)

… was to review internal controls over the Library’s private funds and employee leave accruals for the period of July 1, … over the reporting, receipt and disbursement of private funds. Errors occurred in the receipt and disbursement of funds due to the lack of established policies and procedures. …

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)

… Bradford Volunteer Fire Company Inc Apparent Misappropriation of Funds 2016M91 …

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

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

… from UDAG repayment money to enable the Board to determine actual loan balances due to the CD fund. Town officials …

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

Town of Albion – Financial Management (2021M-29)

… the budgets were not structurally balanced. The Board used fund balance to finance operations, resulting in the four main operating funds’ combined unrestricted fund balance declining from $1,165,418 as of January 1, 2018 … written multiyear financial plan and written fund balance policy, which limits transparency. Key Recommendations Adopt …

https://www.osc.ny.gov/local-government/audits/town/2021/06/25/town-albion-financial-management-2021m-29

Le Roy Central School District – Reserve Funds (2022M-110)

… report – pdf] Audit Objective Determine whether the Le Roy Central School District (District) Board of Education … Determine whether the Le Roy Central School District District Board of Education …

https://www.osc.ny.gov/local-government/audits/school-district/2022/09/30/le-roy-central-school-district-reserve-funds-2022m-110

Town of East Hampton - Budget Review (B21-7-11)

… fiscal year are reasonable. Background The Town of East Hampton, located in Suffolk County, is authorized to issue …

https://www.osc.ny.gov/local-government/audits/town/2021/11/08/town-east-hampton-budget-review-b21-7-11

Village of Millbrook - Financial Operations and Procurement (2018M-135)

… adequate oversight to ensure that Village resources are safeguarded. Village officials procured goods and … donations. The Village has two bank accounts that are not for Village purposes. Village officials did not seek … for the restricted donations to ensure that they are used accordingly. Close bank accounts that are not used …

https://www.osc.ny.gov/local-government/audits/village/2018/11/30/village-millbrook-financial-operations-and-procurement-2018m-135

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