Search

Fredonia Central School District - Financial Management (2018M-33)

… whether the Board and District officials properly managed fund balance. Key Findings The Board overestimated … percent), resulting in annual operating surpluses and a fund balance increase of more than $2 million (52 percent). As of June 30, 2017, unrestricted fund balance totaled more than $3.3 million and was 11 …

https://www.osc.ny.gov/local-government/audits/school-district/2018/06/08/fredonia-central-school-district-financial-management-2018m-33

Webster Central School District - Financial Condition (2018M-109)

… by adopting realistic budgets and ensuring unrestricted fund balance remained within statutory limits. Key Findings … District officials appropriated nearly $28 million of fund balance (approximately $5.5 million each year) in the … source. However, $22 million (80 percent) was not used to fund operations. Recalculated unrestricted fund balance …

https://www.osc.ny.gov/local-government/audits/school-district/2018/09/14/webster-central-school-district-financial-condition-2018m-109

Schalmont Central School District – Financial Condition Management (2018M-15)

… determine whether District officials effectively managed fund balance for the period July 1, 2014 through June 30, … approximately $46.6 million. Key Findings Unrestricted fund balance exceeded the statutory limit at the end of the 2015-16 and 2016-17 fiscal year. The general fund’s reported results of operations and fund balance …

https://www.osc.ny.gov/local-government/audits/school-district/2018/04/13/schalmont-central-school-district-financial-condition-management-2018m-15

Shoreham-Wading River Central School District – Financial Management (2017M-75)

… has not adopted budgets with reasonable expenditure and fund balance appropriations. The Board appropriated fund balance and reserves that it did not actually need to fund operations. The District’s unassigned fund balance was …

https://www.osc.ny.gov/local-government/audits/school-district/2017/06/16/shoreham-wading-river-central-school-district-financial-management-2017m

Town of Hamden – Financial Condition (2013M-86)

… Purpose of Audit The purpose of our audit was to review the Town’s financial condition for the period January 1, 2011, to February 22, 2013. Background The Town of Hamden is … fund. The Board has consistently relied on fund balance to fund operations, which has depleted Town resources. …

https://www.osc.ny.gov/local-government/audits/town/2013/06/28/town-hamden-financial-condition-2013m-86

Newfane Central School District – Financial Management (2020M-88)

… can better manage fund balance and reserves. The practice of annually appropriating fund balance that is not needed to …

https://www.osc.ny.gov/local-government/audits/school-district/2020/11/06/newfane-central-school-district-financial-management-2020m-88

Regional State Park Police Plan – Regional State Park Police Plan

… Regional State Park Police Plan information for PFRS Tier 1 2 3 5 and …

https://www.osc.ny.gov/retirement/publications/1867

Comptroller DiNapoli Releases Municipal Audits

… New York State Comptroller Thomas P. DiNapoli today announced his … Condition (Westchester County) The village general fund balance decreased from approximately $564,000 at the end … complies with the property tax levy limit. … New York State Comptroller Thomas P DiNapoli today announced his …

https://www.osc.ny.gov/press/releases/2015/07/comptroller-dinapoli-releases-municipal-audits-1

DiNapoli: NYC Needs to Develop Comprehensive Plan to Manage Pandemic-Battered Finances

… out its options before resorting to long-term borrowing to fund operations, according to a report released today by State Comptroller Thomas P. DiNapoli. DiNapoli urged the …

https://www.osc.ny.gov/press/releases/2020/10/dinapoli-nyc-needs-develop-comprehensive-plan-manage-pandemic-battered-finances

West Webster Fire District – Financial Management (2023M-23)

… Board of Fire Commissioners (Board) effectively managed fund balance. Key Findings The Board did not effectively manage fund balance or ensure that the Treasurer provided adequate … with taxpayers and levied more taxes than needed to fund operations. We found: As of December 31, 2021, …

https://www.osc.ny.gov/local-government/audits/fire-district/2023/07/07/west-webster-fire-district-financial-management-2023m-23

State Comptroller DiNapoli Releases Municipal Audits

… New York State Comptroller Thomas P. DiNapoli today announced the … the town’s accounting records, that the town’s general fund balance was overstated by $316,272 as of December 31, … all collections were properly recorded or deposited. Track state and local government spending at  Open Book New York . …

https://www.osc.ny.gov/press/releases/2022/07/state-comptroller-dinapoli-releases-municipal-audits

VII.3.C AP Adjustment Voucher Document Review – VII. State Revenues and Appropriated Loan Receivables

… OSC Review After Treasury notifies OSC Bureau of State Accounting Operations (BSAO) – Budgets and Spending … reconciliation issues between the bank and the State’s fund accounting. In addition, STIP interest cannot be … the new voucher ID in an email to Appropriations@osc.ny.gov with a copy to the Accountant who initially contacted …

https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii3c-ap-adjustment-voucher-document-review

SUNY Bulletin No. SU-349

… Purpose: The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the July 2023 Increase to … residents and 0.50% for Yonkers non-residents). Special Wage Payments for Individuals Who Filed for Retirement Social …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-349-july-2023-increase-location-pay-and-location-mid-hudson

SUNY Bulletin No. SU-367

… which implemented the 2022-2026 Agreement between the State of New York and UUP, provides for Discretionary … 410 Health Care Spending Account 416 Deferred Comp 420 NY Dependent Care Contribution 425 Repay State Loans/Debt 426 … Special Wage Payments for Individuals Who File for Retirement Social Security Benefits:  Per Internal Revenue …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-367-2024-discretionary-increases-professional-services

Delaware Academy Central School District at Delhi – Financial Management (2024M-21)

… Academy Central School District at Delhi (District) Board of Education (Board) and District officials properly managed … and reserves. The Board and officials’ consistent practice of appropriating fund balance that is not needed and … Overestimated budgetary appropriations by a total of $5 million (8.6 percent) and developed budgets that …

https://www.osc.ny.gov/local-government/audits/school-district/2024/08/09/delaware-academy-central-school-district-delhi-financial-management-2024m

Town of Sardinia – Tax Relief Rebate Program (2014M-189)

… contributed to the accumulation of a significant amount of fund balance and established by local law a tax relief rebate … a tax relief rebate program without a special act from the State Legislature. The Supervisor reviewed and approved … Consider seeking special legislation from the State Legislature to validate the local law and the issuance …

https://www.osc.ny.gov/local-government/audits/town/2014/11/14/town-sardinia-tax-relief-rebate-program-2014m-189

Town of Exeter – Town Supervisor's Records and Reports (2024M-25)

…   [read complete report – pdf]  Audit Objective  Determine whether the Town of Exeter … were recorded accurately and in a timely manner, balance sheet accounts were not properly maintained due to carrying … may have been detected if the Supervisor presented his accounting records to the Board and the Board conducted the …

https://www.osc.ny.gov/local-government/audits/town/2024/05/31/town-exeter-town-supervisors-records-and-reports-2024m-25

IX.5 Federal Billing & Invoicing Overview – IX. Federal Grants

… status, the billing process is initiated. To allow the state to take advantage of discounts on payments to vendors … Initiative (P2P) and still remain in compliance with the State’s CMIA Treasury State Agreement, AP vouchers will be … this Guide for details on this setup. At least one Federal fund must be set up in the Project Budget Control section in …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix5-overview

IX.5 Federal Billing & Invoicing – IX. Federal Grants

… status, the billing process is initiated. To allow the state to take advantage of discounts on payments to vendors … Initiative (P2P) and still remain in compliance with the State’s CMIA Treasury State Agreement, AP vouchers will be … this Guide for details on this setup. At least one Federal fund must be set up in the Project Budget Control section in …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix5-federal-billing-invoicing

Village of Hempstead – Budget Review (B17-7-6)

… an independent evaluation of the Village’s proposed budget for the 2017-18 fiscal year. Background Chapter 642 of the … local government is authorized to issue obligations and for each subsequent fiscal year during which the deficit obligations are outstanding, their proposed budget for the next succeeding fiscal year. Key Findings Based on …

https://www.osc.ny.gov/local-government/audits/village/2017/04/14/village-hempstead-budget-review-b17-7-6