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Oversight of Smart Schools Bond Act Funds
… Education Department (Department) is monitoring the use of Smart Schools Bond Act funds to ensure that school districts … 1, 2015 through August 27, 2019. About the Program The Smart Schools Bond Act (Act) was approved by New York State … school aid they received. Districts must develop a Smart Schools Investment Plan (Plan) that details how they …
https://www.osc.ny.gov/state-agencies/audits/2020/06/10/oversight-smart-schools-bond-act-fundsDue Diligence for Companies Holding Abandoned Funds
… funds are required to attempt to contact the rightful owner of the property before transferring, or escheating, the … property report. In the notice, be sure to tell the owner that their property will be reported as abandoned … your report. Include that date in the notice to give the owner a deadline for contacting you. Exemptions to this …
https://www.osc.ny.gov/unclaimed-funds/reporters/due-diligence-companies-holding-abandoned-fundsRensselaer City School District – Internal Controls Over Extra-Classroom Activity Funds (2013M-153)
… recordkeeping of the activity fund or for closing inactive clubs. The District has an internal auditor who provides … poor recordkeeping and the failure to close inactive clubs. The District did not take action to correct these … procedures for record keeping, closing out inactive clubs and disposing of the related moneys. Ensure the central …
https://www.osc.ny.gov/local-government/audits/school-district/2013/09/06/rensselaer-city-school-district-internal-controls-over-extra-classroomMassapequa Union Free School District – Budget Practices and Reserve Funds (2017M-113)
… was to examine the District’s budget practices and reserve funds for the period July 1, 2013 through November 30, 2016. … Union Free School District Budget Practices and Reserve Funds 2017M113 …
https://www.osc.ny.gov/local-government/audits/school-district/2017/10/20/massapequa-union-free-school-district-budget-practices-and-reserve-fundsEdwards-Knox Central School District – Transportation State Aid and Reserve Funds (2016M-151)
EdwardsKnox Central School District Transportation State Aid and Reserve Funds 2016M151
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/edwards-knox-central-school-district-transportation-state-aid-and-reserveSalem Central School District – Internal Controls Over Extra-Classroom Activity Funds (2013M-394)
… period July 1, 2012 through June 30, 2013. Background The Salem Central School District is located in Washington County … Salem Central School District Internal Controls Over …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/28/salem-central-school-district-internal-controls-over-extra-classroomCambridge Central School District – Internal Controls Over Extra-Classroom Activity Funds (2014M-63)
… Purpose of Audit The purpose of our audit was to determine if the District had established effective internal controls over … School District is located in the Towns of Cambridge, Easton, Jackson, Salem and White Creek in Washington County …
https://www.osc.ny.gov/local-government/audits/school-district/2014/06/13/cambridge-central-school-district-internal-controls-over-extra-classroomVillage of Bolivar – Financial Condition of Water and Sewer Funds (2013M-125)
… the water fund borrowed a total of approximately $54,000 from other funds, principally from the general fund. The … sewer funds do not presently have sufficient resources to repay the full amount of these interfund loans without affecting their operations. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/village/2013/08/09/village-bolivar-financial-condition-water-and-sewer-funds-2013m-125Madison Central School District - Reserves and Debt Service Fund (2019M-63)
… complete report - pdf] Audit Objective Determine whether reserve funds and the debt service fund balance were … reasonable. Key Findings The Board did not adopt a written reserve fund policy. Three reserve funds totaling $1.3 million as of June 30, 2018, were …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/07/madison-central-school-district-reserves-and-debt-service-fund-2019m-63West Islip Union Free School District – Financial Management (2022M-40)
… report - pdf] Audit Objective Determine whether the West Islip Union Free School District’s (District) Board of Education (Board) reasonably and transparently managed … Board and officials’ budgeting practices and management of fund balance and reserves resulted in levying more taxes …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/08/west-islip-union-free-school-district-financial-management-2022m-40Belfast Central School District – Reserve Funds (2021M-135)
… Did not use the debt reserve, with a balance of $315,000, to fund debt service payments as required. Overfunded two … comprehensive written reserve fund policy. Develop a plan to use the funds in the debt reserve as required. Review all reserve balances to determine whether the amounts reserved are necessary and …
https://www.osc.ny.gov/local-government/audits/school-district/2021/12/10/belfast-central-school-district-reserve-funds-2021m-135Village of Scotia - Parking Tickets and Justice Court Operations (2019M-44)
… of issued parking tickets. Determine whether Justice Court (Court) collections were recorded and reported accurately and … 78 percent) parking tickets. The Court’s bail liability was $36,425, or $6,924 less than the $43,349 recorded in the …
https://www.osc.ny.gov/local-government/audits/justice-court/2019/06/07/village-scotia-parking-tickets-and-justice-court-operations-2019m-44Town of Bennington - Financial Management (2019M-249)
Determine whether officials properly managed finances by ensuring budget estimates were realistic establishing multiyear financial and capital plans
https://www.osc.ny.gov/local-government/audits/town/2020/03/13/town-bennington-financial-management-2019m-249Opinion 94-15
… St Comp No. 86-49, p 80; 1981 Opns St Comp No. 81-393, p 431; Education Law, §3701). Section 11-2.2 generally … a "prudent person" standard for investing trust funds. 1 Pursuant to the authority of Education Law, §207, the … or through charges of the board of education (8 NYCRR 172.1). The board of education is required to "direct that the …
https://www.osc.ny.gov/legal-opinions/opinion-94-15Town of Bolton - Urban Development Action Grant Repayment Funds (2017M-216)
Town of Bolton - Urban Development Action Grant Repayment Funds (2017M-216)
https://www.osc.ny.gov/files/local-government/audits/pdf/lgsa-audit-town-2018-bolton.pdfFunds Expected to be Awarded to Small Businesses - September 30, 2024
Funds Expected to be Awarded to Small Businesses - September 30, 2024
https://www.osc.ny.gov/files/reports/excel/small-business-09-30-24.xlsxFunds Expected to be Awarded to Small Businesses - June 30, 2024
Funds Expected to be Awarded to Small Businesses - June 30, 2024
https://www.osc.ny.gov/files/reports/excel/small-business-06-30-24.xlsxFonda-Fultonville Central School District – Reserves Management (2021M-157)
Determine whether the Board of Education (Board) properly managed reserve funds.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/fonda-fultonville-2021-157.pdfFunds Expected to be Awarded to Small Businesses June 30, 2026
Funds Expected to be Awarded to Small Businesses June 30, 2026
https://www.osc.ny.gov/files/reports/excel/small-business-6-30-26.xlsxPrivacy and Links Policy
… your privacy when you access our website and the online services we offer. Consistent with New York State’s … voluntarily by sending an e-mail or by initiating an online transaction, such as a survey, registration or … will use information you provide us in connection with an online application to process your request. The Office of the …
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