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Dobbs Ferry Union Free School District – Reserve Funds (2015M-264)

… Purpose of Audit The purpose of our audit was to examine the District’s reserve funds for the period July 1, 2014 through July 28, 2015. Background … has a reserve fund policy which provides guidance on how to establish, fund and maintain reserve funds, and all …

https://www.osc.ny.gov/local-government/audits/school-district/2016/01/22/dobbs-ferry-union-free-school-district-reserve-funds-2015m-264

Management of Selected Special Revenue Funds (2015-S-72), 90-Day Response

To determine whether the Department of Health (Department) is effectively managing selected special revenue funds to ensure the funds are spent timely and for t

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2016-15s72-response.pdf

Resources and Responsibilities: New York State’s Environmental Funding

… the State’s response to climate change. Attention should also be paid to ensuring that these programs have the …

https://www.osc.ny.gov/reports/resources-and-responsibilities-new-york-states-environmental-funding

Opinion 92-52

… by our Office that such legislation should be enacted. To date, we have not reached any conclusions regarding the …

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

Examples from GASB Statement 34 - Sample City Balance Sheet Governmental Funds

… Examples from GASB Statement 34 included in this bulletin, copyright by the … Amounts reported for governmental activities in the statement of net assets are different because: Capital assets … funds are included in governmental activities in the statement of net assets. 2,994,691 Long-term liabilities, …

https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-2

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)

… 31, 2013. Background The County of Otsego is located in central New York State and had a 2010 population of … It uses trust and agency funds to account for assets held in a trustee capacity or as an agent for individuals, private … could not determine the source or purpose of moneys held in several trust and agency funds. The Treasurer did not …

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)

… Purpose of Audit The purpose of our audit was to review internal controls over reserve … Administrator does not include a summary statement. As a result, the Board’s ability to monitor the projected use …

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)

… Purpose of Audit The purpose of our audit was to review District official’s … included the intent, funding levels and use of such funds. As of June 30, 2013, the District had more than $2 million in …

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)

… Background The Baldwinsville Public Library is located in the Village of Baldwinsville in Onondaga County. It is governed by an elected seven-member … receipt and disbursement of private funds. Errors occurred in the receipt and disbursement of funds due to the lack of …

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)

… Purpose of Audit The purpose of our audit was to evaluate the Company’s financial operations for the period January 1, …

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)

… (CD) fund were recorded as transfers, rather than as a receivables and due to other funds, resulting in an understatement of nearly $3.6 million in the CD fund as of December 31, 2016. Key Recommendations …

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

Town of Owasco – Financial Management and Procurement (2021M-70)

… the prudent and economical use of public money in the best interests of the taxpayers. Key Findings The Board did …

https://www.osc.ny.gov/local-government/audits/town/2021/08/13/town-owasco-financial-management-and-procurement-2021m-70

Town of Mayfield - Town Clerk (2016M-29)

… bank reconciliations or accountabilities to compare cash on hand with outstanding liabilities. The Board did not … collections in the Clerk’s computer system and report them on the Clerk’s monthly report, deposit all collections in the … an accountability analysis each month comparing cash on hand and in the bank with liabilities due to the …

https://www.osc.ny.gov/local-government/audits/town/2020/03/13/town-mayfield-town-clerk-2016m-29

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