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Ordinary Death Benefit – New Career Plan

… benefit if your death is not attributable to an on-the-job accident. The first $50,000 of this benefit is paid in the … if you have completed at least one year of service since last joining the Retirement System and your death occurs: … may be extended for an additional two years) following the last date you were paid on the payroll, provided your …

https://www.osc.ny.gov/retirement/publications/1515/ordinary-death-benefit

Lyndonville Central School District – Procurement and Claims Audit (2022M-144)

… Board of Education (Board) and District officials properly procured goods and services and audited and approved claims … District officials did not ensure goods and services were procured in accordance with applicable statutes and/or … Key Recommendations Ensure goods and services are procured in compliance with competitive bidding requirements …

https://www.osc.ny.gov/local-government/audits/school-district/2022/12/16/lyndonville-central-school-district-procurement-and-claims-audit-2022m

XVI.3 Overview – XVI. Financial Reporting

… This section includes a discussion of the New York State … Reporting Entity for the purpose of outlining the scope of what is and what is not included in the State's periodic … financial reports and why. The principles described in this chapter are applicable only to the central State …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3-overview

Village of Endicott – Budget Review (B4-13-8)

… the significant revenue and expenditure projections in the Village’s tentative budget for the 2013-14 fiscal year … reasonable. Background The Village of Endicott, located in Broome County, issued debt totaling $2 million to liquidate the accumulated deficit in the Village’s general fund as of May 31, 2004. Local …

https://www.osc.ny.gov/local-government/audits/village/2013/04/10/village-endicott-budget-review-b4-13-8

Chenango Valley Central School District – Budget Review (B4-13-11)

… their tentative budgets for the next fiscal year to the State Comptroller for review while the deficit obligations …

https://www.osc.ny.gov/local-government/audits/school-district/2013/04/19/chenango-valley-central-school-district-budget-review-b4-13-11

Andes Central School District – Financial Management (2013M-250)

… fund balance is in compliance with the Real Property Tax Law statutory limits. Review all reserve balances and …

https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/andes-central-school-district-financial-management-2013m-250

Introduction – Improving the Effectiveness of Your Claims Auditing Process

… Some examples of our audit findings in this area include: 1 Claims were paid prior to being audited and approved. … in this guide to “employees” should be interpreted to mean both officers (elected and appointed) and employees of local governments and school districts. 1 Office of the New York State Comptroller audit reports are …

https://www.osc.ny.gov/local-government/publications/claims-auditing-process/introduction

City of Olean – Budget Review (B1-13-2)

… their tentative budgets for the next fiscal year to the State Comptroller for review while the deficit obligations …

https://www.osc.ny.gov/local-government/audits/city/2013/03/20/city-olean-budget-review-b1-13-2

Westmoreland Central School District – Financial Condition (2014M-283)

… balance to finance operations to keep the real property tax levies at amounts the Board considered reasonable, making …

https://www.osc.ny.gov/local-government/audits/school-district/2014/12/05/westmoreland-central-school-district-financial-condition-2014m-283

VIII.1.D Hybrid Journal Entries – VIII. Accounts Payable Journal Vouchers & General Ledger Journal Entries

… Billing module in SFS to create interagency bills, Hybrid Journal Entries may be used to charge/reimburse for costs. Hybrid Journal Entries contain both expenditure and revenue account … in the General Ledger module. As a general rule hybrid journal entries should not go between governmental funds: …

https://www.osc.ny.gov/state-agencies/gfo/chapter-viii/viii1d-hybrid-journal-entries

Bayport-Blue Point Union Free School District – Fund Balance Management (2021M-116)

… for by statute, resulting in higher than necessary tax levies. Key Recommendations Discontinue appropriating …

https://www.osc.ny.gov/local-government/audits/school-district/2021/12/10/bayport-blue-point-union-free-school-district-fund-balance-management

Hunter-Tannersville Central School District – Financial Condition (2013M-376)

… fund balance is in compliance with Real Property Tax statutory limits. Closely monitor the District’s use of …

https://www.osc.ny.gov/local-government/audits/school-district/2014/03/21/hunter-tannersville-central-school-district-financial-condition-2013m-376

Village of Mexico – Financial Management (2023M-170)

… of surplus fund balance. Additionally, the property tax levy for 2023-24 was $509,000 while the Village had over …

https://www.osc.ny.gov/local-government/audits/village/2024/02/16/village-mexico-financial-management-2023m-170

Ticonderoga Central School District – Financial Condition (2013M-154)

… Purpose of Audit The purpose of our audit was to evaluate the District’s financial condition for the period … the District has struggled with fiscal challenges due to a deteriorating financial condition. We found that the … 2012-13 fiscal year. While the Board has taken steps to attempt to address its declining financial position, we found …

https://www.osc.ny.gov/local-government/audits/school-district/2013/08/30/ticonderoga-central-school-district-financial-condition-2013m-154

Oneonta City School District –Financial Condition (2013M-165)

… examine the District’s financial condition for the period July 1, 2011, to March 29, 2013. Background The Oneonta City … City of Oneonta, the Towns of Oneonta, Davenport, Laurens, Maryland, and Milford in Otsego County and the Town of … real property taxes, have also declined approximately $1.3 million (48 percent). To offset these declining revenues, …

https://www.osc.ny.gov/local-government/audits/school-district/2013/08/30/oneonta-city-school-district-financial-condition-2013m-165

Lyncourt Union Free School District – Financial Condition (2016M-62)

… 2014 through September 30, 2015. Background The Lyncourt Union Free School District is located in the Town of Salina, … Lyncourt Union Free School District Financial Condition 2016M62 …

https://www.osc.ny.gov/local-government/audits/school-district/2016/07/01/lyncourt-union-free-school-district-financial-condition-2016m-62

Norwood-Norfolk Central School District – Financial Management (2022M-129)

… Board and District officials: Allowed surplus fund balance to exceed the 4 percent statutory limit. As of June 30, 2021, … points over the limit. Surplus fund balance must be used to reduce the upcoming fiscal year’s real property tax levy or to fund needed reserves. Maintained $3 million in the New …

https://www.osc.ny.gov/local-government/audits/school-district/2022/11/10/norwood-norfolk-central-school-district-financial-management-2022m-129

Sherburne-Earlville Central School District – Financial Management (2024M-61)

… a result, real property tax levies were higher than needed to finance actual expenditures. By continually overestimating … spending plan in a transparent and meaningful manner to taxpayers. In addition, the Board did not adopt a reserve policy to define its rationale for establishing reserve funds, …

https://www.osc.ny.gov/local-government/audits/school-district/2024/10/04/sherburne-earlville-central-school-district-financial-management-2024m-61