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Ripley Central School District – Financial Management (2021M-23)

… Education (Board) and District officials properly managed fund balance in accordance with statute. Key Findings The Board and District officials did not properly manage fund balance in accordance with statute. The Board and …

https://www.osc.ny.gov/local-government/audits/school-district/2021/08/13/ripley-central-school-district-financial-management-2021m-23

Town of Pierrepont – Fiscal Stress (2014M-314)

… July 31, 2014. Background The Town of Pierrepont, which is governed by a five-member Town Board, is located in St. Lawrence County and has a population of … balance at year-end and appropriate only fund balance that is actually available to finance operations in ensuing years’ …

https://www.osc.ny.gov/local-government/audits/town/2014/12/19/town-pierrepont-fiscal-stress-2014m-314

Comptroller DiNapoli Releases Municipal Audits

… of revenues and did not include estimates of fund balance. Claims were paid prior to board review and did not contain … the audit period. Plattsburgh Public Library – Circulation Desk Cash Receipts (Clinton County) Although the board …

https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-releases-municipal-audits-0

Town of Hopewell – Fund Balance and Budget Monitoring (2013M-231)

… the 2 percent property tax increase limit under the new tax cap law, thereby allowing the Town’s 2013 budget to …

https://www.osc.ny.gov/local-government/audits/town/2014/01/10/town-hopewell-fund-balance-and-budget-monitoring-2013m-231

Amityville Union Free School District – Extra-Classroom Activity Fund (2021M-87)

… and deposited in full. Only five deposits totaling $4,038, of the 150 deposits totaling $39,148 that had records (3 … receipts to document the source, date, amount and purpose of each collection. Maintain ECA records, including support …

https://www.osc.ny.gov/local-government/audits/school-district/2021/10/08/amityville-union-free-school-district-extra-classroom-activity-fund-2021m

Sharon Springs Central School District – Fund Balance Management (2022M-100)

Determine whether the Sharon Springs Central School District District Board of Education Board and officials effectively managed fund balance

https://www.osc.ny.gov/local-government/audits/school-district/2022/09/30/sharon-springs-central-school-district-fund-balance-management-2022m-100

DiNapoli: NYC Projects $3 Billion Surplus for 2015, Balanced Budget Next Year

… to exceed the city’s original forecast by $2.4 billion to reach $51 billion, 32 percent higher than before the … now totals a record 4.2 million. The securities industry, one of the city’s most powerful economic engines and a major … of the City of New York , or go to: http://www.osc.state.ny.us/osdc/rpt1-2016.pdf … New York City is projecting a …

https://www.osc.ny.gov/press/releases/2015/06/dinapoli-nyc-projects-3-billion-surplus-2015-balanced-budget-next-year

DiNapoli: Pandemic Hit to Sales Tax Revenue Threatening Fiscal Health of Local Governments

… in sales tax revenue in 2019, representing 9.7 percent of all local government revenue, according to a comprehensive report on local sales tax released today … their borders in 2019, with significant variations in how much they share and how it is allocated between cities, …

https://www.osc.ny.gov/press/releases/2020/10/dinapoli-pandemic-hit-sales-tax-revenue-threatening-fiscal-health-local-governments

Federal Spending by Major Funding Streams and Functions – Federal Funding and New York

… services programs. Federal Disbursements in New York State Budget by Function, SFY 2026 Note: Figures are as projected … major grants and revenues. Since federal fiscal year (FFY) 2021, the federal government has allocated more than $50 … block grant does not include an additional $278 million allocation from the Contingency Fund for State Welfare …

https://www.osc.ny.gov/reports/budget/fed-funding-ny/federal-spending-major-funding-streams-and-functions

Prattsburgh Central School District – Financial Management (2020M-108)

… report - pdf ] Audit Objective Determine if the Board of Education (Board) and Prattsburgh Central School District … surplus fund balance legal limit and use the excess funds in a manner that benefits taxpayers. Develop comprehensive … B includes our comment on an issue that was raised in the District’s response letter. … Determine if the Board …

https://www.osc.ny.gov/local-government/audits/school-district/2020/12/18/prattsburgh-central-school-district-financial-management-2020m-108

Wilson Central School District - Financial Management (2022M-22)

… plan. Key Recommendations Reduce surplus fund balance to comply with the statutory limit and use the excess funds in a manner more beneficial to taxpayers. Return funds inappropriately restricted in the debt reserve to general fund unrestricted fund balance. Adopt a …

https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/wilson-central-school-district-financial-management-2022m-22

State Comptroller DiNapoli Releases Municipal & School Audits

… New York State Comptroller Thomas P. DiNapoli today announced the … a result, the board was not transparent with taxpayers and fund balance declined despite the board increasing the tax … IT assets has been appropriately safeguarded. … New York State Comptroller Thomas P DiNapoli today announced the …

https://www.osc.ny.gov/press/releases/2024/06/state-comptroller-dinapoli-releases-municipal-school-audits

IX.8.A Accounting for Federal Refunds – IX. Federal Grants

… for processing refunds in AP: When the refund relates to a contract payment, the adjustment voucher will restore … voucher will adjust the taxable income amount reported to the vendor and the IRS. When a refund is received on an open award and it relates to a lapsed appropriation, other appropriations may be used …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8a-accounting-federal-refunds

State Agencies Bulletin No. 1889

… of OSC’s automatic processing of the December 2020 minimum wage increases for hourly employees and provide instructions … salary is below the annualized equivalent of the minimum wage for their work location. Affected Employees Employees in … of the Laws of 2016 increased the New York State minimum wage for employees in non-governmental positions. The …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1889-december-2020-increase-minimum-wage

State Agencies Bulletin No. 1871

… Purpose The purpose of this bulletin is to provide agency instructions for processing the 2020 CSEA … Maintenance Allowance and 2020 CSEA ISU Work-Related Clothing Allowance. Affected Employees Employees in the … and are not included in the calculation of overtime. Tax Information The 2020 CSEA ISU Work-Related Clothing …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1871-2020-uniform-maintenance-allowance-and-2020-work-related-clothing

State Agencies Bulletin No. 1966

… Purpose The purpose of this bulletin is to provide agency instructions for processing the 2021 CSEA … Maintenance Allowance and 2021 CSEA ISU Work-Related Clothing Allowance. Affected Employees Employees in the … and are not included in the calculation of overtime. Tax Information The 2021 CSEA ISU Work-Related Clothing …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1966-2021-csea-work-related-clothing-allowance-and-2021-uniform-maintenance

New York’s Economy and Finances in the COVID-19 Era

… Force Drives New York State’s Unemployment Rate Below 10% New York State’s unemployment rate dropped to 9.7 percent … September, marking the first time the rate has been below 10 percent since the beginning of the COVID-19 pandemic. The … programs during the week ending October 3, more than 10 percent of the nationwide total, according to U.S. …

https://www.osc.ny.gov/reports/covid-19-october-28-2020

Hoosic Valley Central School District - Financial Management (2018M-238)

… appropriations, which exceeded expenditures by an average of $2.1 million or 11.3 percent annually, or a cumulative … actually be used to fund operations. Use surplus funds in a manner that benefits District taxpayers, such as funding … are necessary and reasonable and use excess amounts in accordance with applicable statutes and in a manner that …

https://www.osc.ny.gov/local-government/audits/school-district/2019/02/15/hoosic-valley-central-school-district-financial-management-2018m-238