Search
Village of Bolivar – Financial Condition of Water and Sewer Funds (2013M-125)
… the financial condition of the water and sewer funds for the period June 1, 2007 through March 15, 2013. … Trustees consisting of a Village Mayor and four Trustees. For the fiscal year ending May 31, 2013, budgeted appropriations totaled $444,000 for the general fund, $168,000 for the water fund, and …
https://www.osc.ny.gov/local-government/audits/village/2013/08/09/village-bolivar-financial-condition-water-and-sewer-funds-2013m-125Town of Milford – Financial Condition (2013M-355)
… of our audit was to assess the Town’s financial condition for the period January 1, 2012 through August 27, 2013. … from the town-wide general fund to finance operations for the part-town highway fund in 2013. This interfund … of our audit was to assess the Towns financial condition for the period January 1 2012 through August 27 2013 …
https://www.osc.ny.gov/local-government/audits/town/2014/03/21/town-milford-financial-condition-2013m-355Horseheads Central School District – Financial Condition (2016M-138)
… Purpose of Audit The objective of our audit was to examine the District’s financial condition for the period … appropriations, it appeared that the District needed to both increase its tax levy and use fund balance to close projected budget gaps. By not using the appropriated …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/19/horseheads-central-school-district-financial-condition-2016m-138Avon Central School District – Financial Management (2024M-75)
… (Board) and District officials effectively managed fund balance and reserves. Key Findings The Board and District officials did not effectively manage fund balance and reserves. The Board-approved budgets …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/25/avon-central-school-district-financial-management-2024m-75DiNapoli: New York City's Budget Benefits From Strong Economic Growth
… reserve to $1 billion, the largest amount ever, and have set aside $500 million to create a Capital Stabilization … in education, public safety and other programs, which have increased agency spending by nearly $1.6 billion … agency operations for savings, but the results so far have been modest. In a separate effort, the city has outlined …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-new-york-citys-budget-benefits-strong-economic-growthJordan-Elbridge Central School District – Financial Condition Management (2017M-241)
… which has approximately 1,320 students, had general fund budgeted appropriations for the 2016-17 fiscal year … $29 million. Key Findings The Board has maintained general fund unrestricted fund balance close to the 4 percent statutory limit. The …
https://www.osc.ny.gov/local-government/audits/school-district/2018/01/26/jordan-elbridge-central-school-district-financial-condition-managementHamlin Morton Walker Fire District – Financial Management (2023M-67)
… the Hamlin Morton Walker Fire District (District) Board of Fire Commissioners (Board) and officials effectively … fund balance declined by $676,641 (66 percent). As of December 31, 2022, unrestricted fund balance was $34,092, which was less than 4 percent of the 2023 appropriations. The Board did not adopt realistic …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/08/18/hamlin-morton-walker-fire-district-financial-management-2023m-67Brocton Central School District – Financial Management (2023M-44)
… with the statutory limit. Reduce overfunded reserves in accordance with applicable statutes. District officials … B includes our comment on issues District officials raised in their response. … audit school brocton …
https://www.osc.ny.gov/local-government/audits/school-district/2023/08/04/brocton-central-school-district-financial-management-2023m-44Village of Solvay – Financial Management (2023M-49)
… and officials monitored budgets and managed the electric fund’s financial condition. Key Findings The Board and … officials did not develop a budget for the electric fund and adequately manage its financial condition. From 2016-17 through 2020-21, the electric fund’s total net assets declined by approximately $9 million …
https://www.osc.ny.gov/local-government/audits/village/2023/07/14/village-solvay-financial-management-2023m-49Village of Silver Creek – Capital Projects (2017M-31)
… by an elected five-member Board of Trustees. General fund appropriations for the 2016-17 fiscal year were … financial impact on the annual operating budget. The sewer fund reported a deficit fund balance and a $293,000 interfund loan payable to the …
https://www.osc.ny.gov/local-government/audits/village/2017/05/19/village-silver-creek-capital-projects-2017m-31Mineola Union Free School District – Financial Condition Management (2021M-44)
… fund balance totaling $12.9 million that was not needed. When unused appropriated fund balance is added back, at June … appropriation estimates, and only appropriate fund balance when needed. Comply with the statutory fund balance limit. …
https://www.osc.ny.gov/local-government/audits/school-district/2021/09/03/mineola-union-free-school-district-financial-condition-management-2021mIslip Fire District – Financial Condition (2020M-25)
… plan for the funding of and spending from reserves. In addition, the Board transferred unavailable funds to its … from reserves totaling $841,477 that were not included in the budgets. Key Recommendations Review financial reports … that addresses the level of fund balance to be maintained in the operating fund. In addition, adopt a multiyear capital …
https://www.osc.ny.gov/local-government/audits/fire-district/2020/05/22/islip-fire-district-financial-condition-2020m-25Canastota Central School District - Financial Condition Management (2019M-174)
… in most of the appropriated fund balance not being needed to fund operations. The tax certiorari reserve was overfunded … exceeded the statutory limit ranging from 7.2 percent to 10.9 percent. Key Recommendations Adopt annual budgets … that contain realistic estimates and develop a plan to reduce the amount of surplus fund balance. Account for and …
https://www.osc.ny.gov/local-government/audits/school-district/2019/11/08/canastota-central-school-district-financial-condition-management-2019mHannibal Central School District – Financial Condition (2017M-23)
… Purpose of Audit The objective of our audit was to assess the … an effective multiyear financial or capital plan to define how reserves and unrestricted fund balance in the general and debt service funds will be used. Key Recommendations Develop realistic …
https://www.osc.ny.gov/local-government/audits/school-district/2017/04/07/hannibal-central-school-district-financial-condition-2017m-23Schenectady City School District – Financial Condition (2014M-168)
… 1, 2011 through March 13, 2014. Background The Schenectady City School District is located in the City of Schenectady in Schenectady County. The District is …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/29/schenectady-city-school-district-financial-condition-2014m-168City of North Tonawanda - Financial Condition (2020M-90)
… practices and poor financial management have left the City in a vulnerable financial position. Key Recommendations Take … Closely monitor finances to prevent further decline in financial condition. City officials agreed with our …
https://www.osc.ny.gov/local-government/audits/city/2020/08/07/city-north-tonawanda-financial-condition-2020m-90Town of Oyster Bay – Financial Condition and Selected Financial Operations (2013M-54)
… approximately 293,000 residents. The Town is governed by the Town Board which comprises the Town Supervisor and six … general fund’s total unreserved fund balance has declined by $25 million, from $14.7 million at the end of fiscal year …
https://www.osc.ny.gov/local-government/audits/town/2013/12/20/town-oyster-bay-financial-condition-and-selected-financial-operations-2013m-54Village of Keeseville – Financial Condition (2013M-192)
… our audit was to review the Village’s financial condition for the period June 1, 2010, through May 31, 2013. Background … is located in Essex County. The Village is governed by a Board of Trustees which comprises four elected Trustees and … or understated due to various accounting errors. As a result, the Clerk-Treasurer and the Board were not aware of …
https://www.osc.ny.gov/local-government/audits/village/2013/09/20/village-keeseville-financial-condition-2013m-192Mount Sinai Union Free School District - Financial Condition Management (2018M-34)
… $7.5 million and underestimated revenues by $1.7 million from 2014-15 through 2016-17. The District generated … balance not being used and total fund balance increasing from $12.4 million to $16.6 million (35 percent) for the …
https://www.osc.ny.gov/local-government/audits/school-district/2018/06/01/mount-sinai-union-free-school-district-financial-condition-managementWestfield Academy and Central School District - Financial Management (2018M-67)
… Determine whether District officials properly managed fund balance and reserves. Key Findings Unrestricted fund balance exceeded the statutory limit by more than … points) as of June 30, 2017. The Board appropriated fund balance not needed to fund operations and overestimated …
https://www.osc.ny.gov/local-government/audits/school-district/2018/08/03/westfield-academy-and-central-school-district-financial-management-2018m