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Additional Benefits after 25 Years (Sections 384[f], [g] and [h]) – Special 20- and 25-Year Plans
… FAE (a maximum of 32 years). If you are age 55 or older at retirement and your regular plan would provide a greater …
https://www.osc.ny.gov/retirement/publications/1517/additional-benefits-after-25-years-sections-384f-g-and-hGreene Central School District – Unused Leave Payments and Leave Accruals (2022M-158)
… 61 percent of the unused vacation leave, sick leave and retirement incentive payments made during the audit period . …
https://www.osc.ny.gov/local-government/audits/school-district/2023/02/24/greene-central-school-district-unused-leave-payments-and-leave-accrualsTown of Union – Financial Condition (2016M-192)
… December 31, 2015. Background The Town of Union is located in Broome County. The Town, which has approximately 55,000 … are too low to allow the fund to break even, which results in taxpayer inequity, as the water fund is subsidized by the …
https://www.osc.ny.gov/local-government/audits/town/2016/08/12/town-union-financial-condition-2016m-192Town of Oswego – Financial Condition and Information Technology (2017M-290)
… the budgets. As a result, from 2014 through 2016, fund balance in the general fund declined from about $478,000 to $51,000 (89 percent) and declined in the Sleepy Hollow sewer district fund from $31,503 to $3,521 (89 percent). The highway fund …
https://www.osc.ny.gov/local-government/audits/town/2018/03/09/town-oswego-financial-condition-and-information-technology-2017m-290Cheektowaga-Sloan Union Free School District – Financial Condition and Payroll (2017M-94)
… audit was to review District financial and payroll records for the period July 1, 2015 through March 2, 2017. Background … Board of Education. General fund budgeted appropriations for the 2016-17 fiscal year totaled approximately $34 … audit was to review District financial and payroll records for the period July 1 2015 through March 2 2017 …
https://www.osc.ny.gov/local-government/audits/school-district/2017/09/29/cheektowaga-sloan-union-free-school-district-financial-condition-andMassena Central School District – Financial Condition (2016M-21)
… million. Key Findings The District’s year-end unrestricted fund balance has exceeded the statutory limit for the past … Ensure that the amount of the District’s unrestricted fund balance is in compliance with the statutory limits. … in the tax certiorari reserve to the unrestricted fund balance of the general fund. Formally develop multiyear …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/massena-central-school-district-financial-condition-2016m-21Wyoming Central School District – Financial Management (2016M-67)
… Key Findings Officials annually appropriated portions of fund balance toward the subsequent year’s budget that were … consistently overestimated appropriations. Unrestricted fund balance consistently exceeded the statutory limit. The … realistic estimates of appropriations and the use of fund balance in the annual budget. Ensure that unrestricted …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/wyoming-central-school-district-financial-management-2016m-67Rensselaer City School District – Financial Condition (2016M-286)
… did not adopt realistic, structurally balanced general fund budgets, resulting in operating deficits that were larger than planned and declining general fund and reserve fund balances. District officials transferred $1.3 million …
https://www.osc.ny.gov/local-government/audits/school-district/2016/10/28/rensselaer-city-school-district-financial-condition-2016m-286Town of Mohawk – Records and Reports (2013M-113)
… 31, 2012. Background The Town of Mohawk is located in Montgomery County and has approximately 3,800 residents. … adjusting journal entries) are accurately recorded in the accounting records, within the correct fund to …
https://www.osc.ny.gov/local-government/audits/town/2013/09/13/town-mohawk-records-and-reports-2013m-113White Plains City School District – Financial Management (2020M-71)
… Adopt annual budgets that contain reasonable estimates for expenditures, revenues and the amounts to be transferred …
https://www.osc.ny.gov/local-government/audits/school-district/2020/10/30/white-plains-city-school-district-financial-management-2020m-71Jamestown City School District – Financial Condition (2015M-120)
… level. The Board has not developed a multiyear financial plan. Key Recommendations Develop and adopt a budget in which … needs. Develop and regularly update a multiyear financial plan for a three- to five-year period that is sustainable and …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/20/jamestown-city-school-district-financial-condition-2015m-120Addison Central School District – Financial Condition (2016M-30)
… the Board and District officials overestimated general fund appropriations by 9 percent, resulting in a combined operating surplus of $6.4 million. Appropriated fund balance of approximately $570,000 was not needed to … and potentially unnecessary. The District’s school lunch fund balance exceeded federal regulations. The Board and …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/10/addison-central-school-district-financial-condition-2016m-30Village of Sidney – Financial Activities (2023M-14)
… selected financial activities. As a result, total general fund balance for fiscal year-end 2021-22 was overstated by $571,719, the … by $434,929 in fiscal year 2021-22. Two capital project funds and three community development funds have …
https://www.osc.ny.gov/local-government/audits/village/2023/05/19/village-sidney-financial-activities-2023m-14DeRuyter Central School District – Financial Condition (2015M-119)
… The Board has appropriated a significant amount of fund balance for the District’s budget during the past few years and has not adopted a fund balance policy establishing the level of unrestricted fund balance to maintain. The Board has not formally adopted …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/21/deruyter-central-school-district-financial-condition-2015m-119Town of Dresden – Financial Condition and Town Clerk Operations (2016M-369)
… our audit was to evaluate the Town’s financial condition and to examine the Town Clerk’s operations for the period … The Town of Dresden is located in Washington County and has approximately 330 year-round residents and … was actually available to finance operations in 2013 and 2014. The Board has not developed a multiyear financial and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-dresden-financial-condition-and-town-clerk-operations-2016m-369Bellmore-Merrick Central High School District – Financial Condition (2016M-341)
… Bellmore-Merrick Central High School District is located in the Town of Hempstead in Nassau County. The District, which operates six schools …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/18/bellmore-merrick-central-high-school-district-financial-condition-2016mGoshen Central School District – Financial Condition (2017M-46)
… years 2011-12 through 2015-16, the Board appropriated fund balance totaling $4.9 million to fund operations, of which $3.9 million (80 percent) was not … the practice of adopting budgets that appropriate fund balance that will not be used to fund operations. …
https://www.osc.ny.gov/local-government/audits/school-district/2017/06/02/goshen-central-school-district-financial-condition-2017m-46East Aurora Union Free School District – High School Extra-Classroom Activity Funds (2016M-163)
… during the 2014-15 fiscal year. Key Findings Not all ECA fund receipts were deposited in a timely manner. Not all ECA clubs had student ledgers. The Board's ECA fund policy had not been updated and was inadequate because … for financial management and recordkeeping. The ECA fund had apparently unaccounted-for cash totaling $3,563. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2017/02/24/east-aurora-union-free-school-district-high-school-extra-classroomTown of Gorham – Budgeting (2023M-181)
… more taxes than necessary. From fiscal years 2020 through 2022, the Town-wide (TW) general, Town-outside-Village (TOV) … was maintained in the TW general fund as of December 31, 2022. Budget transfers were made at year end, rather than as …
https://www.osc.ny.gov/local-government/audits/town/2024/06/28/town-gorham-budgeting-2023m-181Brockport Central School District - Financial Management (2023M-107)
… (Board) and District officials effectively managed fund balance and reserves. Key Findings The Board and … transparent with taxpayers and did not effectively manage fund balance and reserves. From the 2017-18 through 2021- 22 …
https://www.osc.ny.gov/local-government/audits/school-district/2024/01/12/brockport-central-school-district-financial-management-2023m-107