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Canisteo-Greenwood Central School District – Financial Management (2016M-362)
… Key Findings Although District officials appropriated fund balance each year, none of it was needed because … 5 percent. District officials have not effectively managed fund balance and have allowed unrestricted fund balance to exceed the statutory limit for the past three …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/30/canisteo-greenwood-central-school-district-financial-management-2016m-362Frankfort-Schuyler Central School District – Financial Management (2016M-226)
… $342,000 of unrestricted funds in the debt service fund, $1.1 million in the agency fund’s group health insurance account and $429,000 in … reserves. The Board did not adopt a written reserve fund policy or develop a multiyear financial plan, which …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/30/frankfort-schuyler-central-school-district-financial-management-2016m-226Proposed Regulations
… 2025-2026 Part 201.2 (a) and (b) are amended to read as follows: (a) … and have[ has] been prepared in conformity with this Part; Part 201.2 (e) is amended to read as follows: (e) an … appropriated funds used for the contract; (vi) the full name and address of the contractor; (vii) the status of the …
https://www.osc.ny.gov/legislation/proposed-regulationsTown of Red Hook - Financial Condition (2018M-171)
… January 1, 2013 through December 31, 2017, the general fund’s year-end fund balance increased from $292,780 to $917,351, or 213 percent. In June 2018, the Board adopted a fund balance policy that allowed for unexpended surplus funds …
https://www.osc.ny.gov/local-government/audits/town/2018/11/02/town-red-hook-financial-condition-2018m-171Town of Marbletown – Financial and Capital Planning (2017M-234)
… multiyear financial and capital plans as well as a fund balance and reserve policy to adequately address the … highway garage. The Board has not adopted an adequate fund balance policy, which resulted in the Town accumulating excessive fund balance in the general fund. Key Recommendations Develop …
https://www.osc.ny.gov/local-government/audits/town/2017/12/29/town-marbletown-financial-and-capital-planning-2017m-234Town of Corning – Financial Condition (2020M-13)
… appropriations and failed to use most of the appropriated fund balance for operations. Did not effectively manage the … condition, which resulted in the townwide (TW) general fund having unassigned fund balance totaling $768,926 as of December 31, 2019, or 79 …
https://www.osc.ny.gov/local-government/audits/town/2020/08/14/town-corning-financial-condition-2020m-13Brasher Falls Central School District – Financial Condition (2019M-158)
… District’s financial condition. Key Findings The surplus fund balance in the general fund exceeded the 4 percent statutory limit for the past … fiscal years. As of June 30, 2018, the District’s surplus fund balance was $2.15 million, which was 4.9 percentage …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/25/brasher-falls-central-school-district-financial-condition-2019m-158Alexander Central School District – Financial Condition (2015M-227)
… by an elected five-member Board of Education. General fund appropriations for the 2015-16 fiscal year total $17 … and appropriated an average of approximately $670,000 in fund balance annually, which was not needed to fund operations due to operating surpluses. District …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/19/alexander-central-school-district-financial-condition-2015m-227Village of Victor – Financial Management (2015M-166)
… by an elected five-member Board of Trustees. General fund budgeted appropriations for the 2014-15 fiscal year were … policies and procedures governing the budget process or a fund balance policy establishing the level of fund balance to maintain, resulting in excessive unrestricted …
https://www.osc.ny.gov/local-government/audits/village/2015/11/06/village-victor-financial-management-2015m-166Town of Kortright – Financial Management (2016M-397)
… $1.2 million. Key Findings The Town has accumulated fund balance totaling $358,706 in the general fund and $515,112 in the highway fund without clear plans for the use of these accumulated …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kortright-financial-management-2016m-397Babylon Union Free School District – Financial Condition (2015M-323)
… Purpose of Audit The purpose of our audit was to review the District’s financial condition for the period … result in the appropriation of fund balance not needed to fund District operations. Ensure that all reserve funds …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/04/babylon-union-free-school-district-financial-condition-2015m-323Lewiston-Porter Central School District – Financial Condition (2014M-202)
… approximately $41 million. Key Findings The Board used fund balance as a financing source in the annual general fund budgets until it was nearly depleted. The District … years. The District improperly used two reserves to help fund general fund operations during the 2012-13 fiscal year. …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/lewiston-porter-central-school-district-financial-condition-2014m-202Montgomery County – Financial Condition (2013M-234)
… Purpose of Audit The purpose of our audit was to review the County’s financial condition for the period January 1, 2010, to May … and instead consistently relied on appropriating fund balance, a non-recurring revenue, to finance recurring …
https://www.osc.ny.gov/local-government/audits/county/2013/10/04/montgomery-county-financial-condition-2013m-234Legislative and Executive Plan For ERS Tier 1 and 2 Members
Legislative and Executive Plan for Employees' Retirement System (ERS) Tier 1 and 2 members covered by Section 80-a
https://www.osc.ny.gov/files/retirement/publications/pdf/1861-legislative-executive-plan.pdfVillage of Copenhagen – Transparency of Fiscal Activities (S9-24-15)
… Annual Financial Report (AFR) with the Office of the State Comptroller (OSC), and Reported the results of the … financial records and reports, as required by New York State Village Law (Village Law) Section 4-408. Ensure the … any significant fiscal concerns with the Village’s general fund for the fiscal year 2022-23, the Board’s ineffective …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/12/20/village-copenhagen-transparency-fiscal-activities-s9-24-15Village of Great Neck – Transparency of Fiscal Activities (S9-24-20)
… Annual Financial Report (AFR) with the Office of the State Comptroller (OSC), and Reported the results of the … financial records and reports, as required by New York State Village Law (Village Law) Section 4-408. The 2018-19 … any significant fiscal concerns with the Village’s general fund for the fiscal year 2022-23, the Board’s ineffective …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/12/20/village-great-neck-transparency-fiscal-activities-s9-24-20DiNapoli: Problems Caused by Outdated System Left State's Unemployment Insurance Program Vulnerable to Fraud
… The state Department of Labor’s (DOL) failure to replace its … COVID-19 pandemic, according to an audit released today by State Comptroller Thomas P. DiNapoli. DOL refused to provide … UI claims. It had a loan balance from the federal UI trust fund that averaged $9.3 billion from September 2021 through …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-problems-caused-outdated-system-left-states-unemployment-insurance-program-vulnerable-fraudDiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced his … disbursing restitution money retained in a victims’ trust fund, officials have not disbursed these funds in a timely … for the years 2009, 2010, 2011 and 2012. ### For access to state and local government spending and nearly 50,000 state …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-releases-municipal-auditsOpinion 2001-14
… a different conclusion. In Dykeman , supra , the issue before the court was whether a motor vehicle supervisor in a …
https://www.osc.ny.gov/legal-opinions/opinion-2001-14Yorkshire-Pioneer Central School District – Financial Management (2015M-352)
… District officials annually appropriated a portion of fund balance, including reserve fund balance, toward subsequent years’ budgets, the full … in operating surpluses. As of June 30, 2015, unrestricted fund balance was more than 10 percent of the ensuing year’s …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/15/yorkshire-pioneer-central-school-district-financial-management-2015m-352