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Comptroller DiNapoli Releases Municipal Audits

… municipal officers and employees to enter into contracts in which their personal financial interests and public powers … purchasing fuel from gas stations and monitoring fuel held in reserve tanks. In addition, the superintendent did not properly monitor fuel …

https://www.osc.ny.gov/press/releases/2019/07/comptroller-dinapoli-releases-municipal-audits

Comptroller DiNapoli Releases School Audits

… and the Stockbridge Valley Central School District . “In an era of limited resources and increased accountability, … However, district officials paid more than $11,000 in federal, state and local taxes on fuel purchases because … was created by Comptroller DiNapoli to promote openness in government and provide taxpayers with better access to the …

https://www.osc.ny.gov/press/releases/2015/01/comptroller-dinapoli-releases-school-audits

Examples from GASB Statement 34 - Sample City Balance Sheet Governmental Funds

… CT 06856 are reprinted by permission. Sample City Balance Sheet Governmental Funds December 31, 2002 General Fund HUD … Examples from GASB Statement 34 Sample City Balance Sheet Governmental Funds …

https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-2

Life Changes: How Do I Prepare to Retire?

Essential information to help NYSLRS members understand their options as they plan for financial security in retirement.

https://www.osc.ny.gov/files/retirement/publications/pdf/1709-prepare-to-retire.pdf

Newark Central School District – Financial Condition and Claims Processing (2016M-267)

… Purpose of Audit The purpose of our audit was to evaluate the District’s financial condition management and … The District did not establish a reserve plan which details the District’s intentions for funding reserves, determines how much should be accumulated and how and when the funds …

https://www.osc.ny.gov/local-government/audits/school-district/2016/11/18/newark-central-school-district-financial-condition-and-claims-processing

Laurens Central School District – Budgeting and Reserves (2013M-135)

… practices and reserves for the period July 1, 2011, to March 7, 2013. Background The Laurens School District is … and underestimated revenues for three of those years. As a result of the Board’s budgeting practices, for the fiscal … at almost $3 million or 82 percent of the fund balance at June 30, 2012. Key Recommendations Adopt budgets that include …

https://www.osc.ny.gov/local-government/audits/school-district/2013/09/20/laurens-central-school-district-budgeting-and-reserves-2013m-135

Town of Coeymans – Recordkeeping and Cash Disbursements (2013M-186)

… 30, 2012. Background The Town of Coeymans is located in Albany County and has a population of approximately 7,400 … reported an unrestricted fund balance deficit of $230,368 in the sewer district fund. If the necessary adjustments were … Town would have reported a positive fund balance of $451 in the sewer district fund. The payroll clerk’s duties are …

https://www.osc.ny.gov/local-government/audits/town/2013/10/04/town-coeymans-recordkeeping-and-cash-disbursements-2013m-186

Cleveland Hill Union Free School District – Financial Condition (2013M-272)

… July 1, 2010 to August 12, 2013. Background The Cleveland Hill Union Free School District is located in the Town of … Cleveland Hill Union Free School District Financial Condition 2013M272 …

https://www.osc.ny.gov/local-government/audits/school-district/2013/12/06/cleveland-hill-union-free-school-district-financial-condition-2013m-272

City of Lockport – Fiscal Stress (2013M-330)

… fund balance deficits in the general, water and refuse funds as of December 31, 2012. Further, these deficits will …

https://www.osc.ny.gov/local-government/audits/city/2013/12/20/city-lockport-fiscal-stress-2013m-330

Town of Cambria – Capital Projects Financing (2017M-161)

… May 11, 2017. Background The Town of Cambria is located in Niagara County and has a population of approximately … Transfer comfort station BAN proceeds improperly deposited in the general fund to the debt service fund and use it to …

https://www.osc.ny.gov/local-government/audits/town/2018/01/26/town-cambria-capital-projects-financing-2017m-161

Groton Central School District – Financial Management (2014M-288)

… Purpose of Audit The purpose of our audit was to examine the District’s financial … The Groton Central School District is located in the Towns of Dryden, Groton and Lansing in Tompkins County, the Town of …

https://www.osc.ny.gov/local-government/audits/school-district/2015/01/09/groton-central-school-district-financial-management-2014m-288

Watervliet City School District – Fiscal Stress (2014M-149)

… Background The Watervliet City School District is located in the City of Watervliet and the Town of Colonie in Albany County. The District, which is governed by a Board … of unrestricted fund balance to be maintained, resulting in the need to issue revenue and tax anticipation notes to …

https://www.osc.ny.gov/local-government/audits/school-district/2014/11/07/watervliet-city-school-district-fiscal-stress-2014m-149

Watertown City School District – Financial Condition (2016M-85)

… our audit was to assess the District’s financial condition for the period July 1, 2014 through October 31, 2015. … seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $68.4 … a written policy that states the optimal funding level for reserves and the conditions under which reserves will be …

https://www.osc.ny.gov/local-government/audits/school-district/2016/06/10/watertown-city-school-district-financial-condition-2016m-85

Fishers Fire District – Financial Condition (2021M-128)

… and did not adopt realistic budgets from 2018 through 2021. The Board gave taxpayers the impression the District … and 2020 tax caps to close projected budget gaps. As a result, more real property taxes were levied than needed to …

https://www.osc.ny.gov/local-government/audits/fire-district/2021/10/29/fishers-fire-district-financial-condition-2021m-128

Town of Pulteney – Financial Condition (2021M-24)

… 2013 audit recommendation to appropriate fund balance only in amounts that are actually available, after retaining a … to finance operations than was available, resulting in the general and highway funds and water district beginning …

https://www.osc.ny.gov/local-government/audits/town/2021/06/25/town-pulteney-financial-condition-2021m-24

Henrietta Fire District – Financial Condition (2021M-27)

… increase real property taxes and use appropriated fund balance to close projected budget gaps. As a result, more … budgets from 2017 through 2021. As a result, fund balance increased to $4.4 million on December 31, 2020, which … $1.4 million, and the $1 million appropriated fund balance will likely not be used. The Board did not adopt …

https://www.osc.ny.gov/local-government/audits/fire-district/2021/07/16/henrietta-fire-district-financial-condition-2021m-27

Southern Cayuga Central School District – Financial Condition (2020M-77)

Determine whether the Board and District officials effectively managed the Districts financial condition

https://www.osc.ny.gov/local-government/audits/school-district/2020/11/06/southern-cayuga-central-school-district-financial-condition-2020m-77

Town of Chili - Financial Management and Cash Receipts (2019M-167)

… Adopted unrealistic budget estimates, which resulted in operating surpluses, unused appropriated fund balances and increasing fund balances in the general and highway funds. Did not adopt a multiyear … Appendix B includes our comments on issues raised in the Town’s response letter. …

https://www.osc.ny.gov/local-government/audits/town/2019/12/20/town-chili-financial-management-and-cash-receipts-2019m-167