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Cattaraugus-Little Valley Central School District – Financial Management (2022M-23)
… Determine whether the Cattaraugus-Little Valley Central School District’s (District) Board and District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/01/cattaraugus-little-valley-central-school-district-financial-managementCassadaga Valley Central School District – Financial Condition (2013M-249)
… to the establishment and use of reserve funds. Review all reserves and determine if the amounts reserved are …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/cassadaga-valley-central-school-district-financial-condition-2013m-249Adirondack Central School District – Financial Condition (2016M-184)
… District is located in the Towns of Ohio, Russia and Webb in Herkimer County; the Towns of Lewis, Leyden, …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/23/adirondack-central-school-district-financial-condition-2016m-184City of Glen Cove – Budget Review (B7-15-17)
… the 2016 tax levy within the limits established by Law. Key Recommendations If the City realizes the $4.6 … recreation fund to ensure the fund generates a fair return on operations. City officials should implement a financial …
https://www.osc.ny.gov/local-government/audits/city/2015/10/16/city-glen-cove-budget-review-b7-15-17State Comptroller DiNapoli Releases State Revenue Projection to Reflect Coronavirus Impact
… Thomas P. DiNapoli today issued a revenue projection for the 2020-2021 state budget which reflects an estimate of … Comptroller has analyzed the economic and revenue outlook for the remainder of the current fiscal year and for the next fiscal year. Based on information as of March …
https://www.osc.ny.gov/press/releases/2020/03/state-comptroller-dinapoli-releases-state-revenue-projection-reflect-coronavirus-impactVI.3.C Budget Transfers Between Business Units (Interunit Budget Transfers) – VI. Budgets
… Suballocations must be specifically authorized in State statue, either within the budget bill language, or in another …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vi/vi3c-budget-transfers-between-business-units-interunit-budget-transfersDiNapoli: Fiscal Stress Remains Low in Villages
… State Comptroller Thomas P. DiNapoli’s Fiscal Stress Monitoring System has identified 22 villages in New York in some level of fiscal stress . DiNapoli’s …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-fiscal-stress-remains-low-villagesOpinion 90-51
… longer represent those views if, among other things, there have been subsequent court cases or statutory amendments that … to local ordinances; and employment of a consultant. We have been advised that the role of the consultant would be to … this regard, County Law, §303(1) authorizes and empowers any county except a county wholly contained within a city, …
https://www.osc.ny.gov/legal-opinions/opinion-90-51Examples from GASB Statement 34 - Statement of Changes in Fiduciary Net Assets
… Examples from GASB Statement 34 included in this bulletin, copyright by the … 06856 are reprinted by permission. Sample City Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Year Ended December 31, …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-changes-fiduciary-net-assetsExamples from GASB Statement 34 - Statement of Fiduciary Net Assets
… $ 228,050 NET ASSETS: Held in trust for pension benefits and other purposes $65,796,103 $ … to the financial statements if separate GAAP statements for those individual plans or pools are not available. … …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-fiduciary-net-assetsDiNapoli Report Finds Big Five School Districts' Use of Pandemic Aid Reflects Different Priorities
… York City, Yonkers, Buffalo, Syracuse and Rochester, the “Big Five” school districts in New York, as well as national … the existing seats are of high-quality. None of the other Big Five districts planned to use more than two percent for … academic recovery is unclear. Among the rest of New York’s Big Five school districts, Yonkers set aside the largest …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-report-finds-big-five-school-districts-use-pandemic-aid-reflects-different-prioritiesDiNapoli: $2.9 Billion Hole Threatens MTA’s Capital Program
… than the MTA expects, or the MTA must find new sources of income, or other financial support, to pay for additional … to upgrades and other work that could impact the quality of service.” The COVID-19 pandemic devastated ridership and hurt other sources of MTA revenue, which the MTA forecasts will not return to …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-29-billion-hole-threatens-mtas-capital-programMonitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate Facility Maintenance
… Purpose To determine if the Department of State’s Division of Cemeteries sufficiently monitors … 1, 2014 to March 31, 2017. Background The Department of State’s (Department) Division of Cemeteries (Division) … their revenue to two separate funds: a Current Maintenance Fund for current ordinary and necessary expenses, care, and …
https://www.osc.ny.gov/state-agencies/audits/2017/07/11/monitoring-not-profit-cemeteries-fiscal-stability-and-adequate-facility-maintenanceComptroller DiNapoli Releases Municipal Audits
… Financial Operations (Livingston County) The company board does not provide adequate oversight of financial activities. The board has not adopted any written policies and procedures for financial operations … foreign fire insurance report for 2012, as required, and does not maintain separate records of expenditures from these …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-audits-0Locust Valley Water District – Budgeting (2013M-179)
… Valley Water District is located in the Town of Oyster Bay, in Nassau County. The District is governed by an elected … Village of Lattingtown, and sections of the Villages of Mill Neck and Matinecock. The District’s total revenue for …
https://www.osc.ny.gov/local-government/audits/district/2013/09/06/locust-valley-water-district-budgeting-2013m-179Gowanda Central School District – Financial Management (2024M-104)
… Education (Board) and District officials properly managed fund balance and reserves. Key Findings The Board and … District officials did not properly manage the District’s fund balance and reserves. The Board and District officials’ …
https://www.osc.ny.gov/local-government/audits/school-district/2024/12/13/gowanda-central-school-district-financial-management-2024m-104City of Watervliet – Financial Condition (2017M-230)
… Purpose of Audit The purpose of our audit was to determine whether the Council adopted realistic budgets … monitored financial operations and took appropriate action to maintain the City’s fiscal stability for the period … 2014 through 2016. The Council did not receive budget-to-actual reports on a regular basis, and accounting records …
https://www.osc.ny.gov/local-government/audits/city/2018/02/09/city-watervliet-financial-condition-2017m-230Village of Stillwater – Capital Project and Settlement Award Accounting (2017M-163)
… capital project and settlement proceeds were accounted for and monitored appropriately for the period April 21, 2009 through April 30, 2017. … appropriations and water fund budgeted appropriations for the 2017-18 fiscal year totaled $837,800 and $418,500, …
https://www.osc.ny.gov/local-government/audits/village/2017/12/01/village-stillwater-capital-project-and-settlement-award-accounting-2017m-163Westmoreland Central School District – Financial Condition (2014M-283)
… Purpose of Audit The purpose of our audit was to examine the District’s financial activities for the period … and appropriating fund balance that was not used to fund operations, the District’s actual unrestricted fund … Each year, the annual budget included using fund balance to finance operations to keep the real property tax levies at …
https://www.osc.ny.gov/local-government/audits/school-district/2014/12/05/westmoreland-central-school-district-financial-condition-2014m-283Town of Wales – Financial Management (2017M-32)
… balances totaling $1.2 million in the general and highway funds. The Board did not adopt a reserve fund policy or … plans for expected future use for two of its five reserve funds. Key Recommendations Adopt budgets that reflect the … general and highway fund balances and use the excess funds in a manner that benefits Town residents. Adopt a …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-wales-financial-management-2017m-32