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Georgetown Fire District – Board Oversight (2014M-264)
… Commissioners. Budgeted appropriations for the general fund for 2014 total approximately $145,700. Key Findings The … procedures to establish a reasonable level of unrestricted fund balance to be maintained, and fund balance as of December 31, 2013 was 128 percent of …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/12/19/georgetown-fire-district-board-oversight-2014m-264Town of Marcellus – Supervisor’s Records and Reports (2013M-375)
… district. The bookkeeper could not provide the Board with fund balance amounts and the reconciled cash balances for each fund or special district. The Town did not file the required … Separately account for the financial activity and fund balance for each individual special district. Provide …
https://www.osc.ny.gov/local-government/audits/town/2014/03/14/town-marcellus-supervisors-records-and-reports-2013m-375Falconer Central School District – Financial Management (2024M-52)
… funding source for capital projects without voter approval is misleading and continues to further diminish the …
https://www.osc.ny.gov/local-government/audits/school-district/2024/08/09/falconer-central-school-district-financial-management-2024m-52State Agencies Bulletin No. 2052.2
… hygiene worker bonuses (Health Care Bonus) for eligible State employees of the Executive Branch, the State University of New York (SUNY), and the City University … owed to the employee, and a detailed Time Entry comment. Retirement Information and General Deductions: The Health …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/20522-health-care-and-mental-hygiene-worker-bonuses-state-employeesState Agencies Bulletin No. 2052.1
… hygiene worker bonuses (Health Care Bonus) for eligible State employees of the Executive Branch, the State University of New York (SUNY), and the City University … owed to the employee, and a detailed Time Entry comment. Retirement Information and General Deductions: The Health …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/20521-health-care-and-mental-hygiene-worker-bonuses-state-employeesLetchworth Central School District - Reserves (2018M-176)
… at reasonable levels. Key Findings The written reserve fund policy does not adequately address funding levels …
https://www.osc.ny.gov/local-government/audits/school-district/2019/01/18/letchworth-central-school-district-reserves-2018m-176City of Fulton – Capital Projects (2021M-184)
… (City) officials appropriately maintained capital projects fund records, monitored project financial results against … projects or determine the correct capital project fund balance because: The Chamberlain did not maintain …
https://www.osc.ny.gov/local-government/audits/city/2022/02/11/city-fulton-capital-projects-2021m-184Perry Central School District – Financial Management (2017M-118)
… by $4.4 million and appropriated $1.5 million of fund balance that was not needed to finance operations. The District’s recalculated unrestricted fund balance exceeds the statutory limit. The reserve fund plan does not include any specifics regarding the use of …
https://www.osc.ny.gov/local-government/audits/school-district/2017/10/06/perry-central-school-district-financial-management-2017m-118Harpursville Central School District - Financial Condition (2018M-120)
… budgets that planned to use $1.6 million of general fund balance and certain reserve funds to finance operating expenditures. However, the general fund incurred operating deficits totaling $4.8 million during … time. As a result, the District used $3.2 million more fund balance and reserves than planned. In 2016-17, revenues …
https://www.osc.ny.gov/local-government/audits/school-district/2018/09/07/harpursville-central-school-district-financial-condition-2018m-120Village of Pittsford – Board Oversight (2017M-51)
… Village officials developed budgets for the general fund that had insufficient appropriations and adopted sewer fund budgets with overestimated appropriations. From 2013-14 through 2015-16, the unrestricted general fund balance decreased by approximately $375,000 (65 …
https://www.osc.ny.gov/local-government/audits/village/2017/07/21/village-pittsford-board-oversight-2017m-51Town of Greene – Budget Practices (2016M-409)
… have not developed a policy for acceptable levels of fund balance to maintain. Town officials have not developed … estimates for revenues and expenditures. Develop a fund balance policy that establishes the levels of fund balance, including reserves, to be maintained in each …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-greene-budget-practices-2016m-409Greenport Union Free School District – Financial Condition (2014M-203)
… school with approximately 645 students. Budgeted general fund appropriations for the 2013-14 fiscal year totaled … million and did not use more than $789,000 of appropriated fund balance. The District’s unused appropriated fund balance exceeded the statutory limit for fiscal years …
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/05/greenport-union-free-school-district-financial-condition-2014m-203Livonia Joint Fire District – Fire Truck Funding and Purchase (2021M-97)
… appropriations to accumulate more than $1.1 million in fund balance to purchase a fire truck costing more than … instead of establishing a capital reserve. Did not adopt fund balance, reserve or budgeting policies, along with … capital plans. Key Recommendations Establish budgeting, fund balance and reserve policies and develop multiyear …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/09/17/livonia-joint-fire-district-fire-truck-funding-and-purchase-2021m-97Village of Monticello – Budget Review (B4-14-15)
… 2014-15 budget totals $6.9 million for the general fund, almost $1.9 million for the sanitation fund, over $1.7 million for the water fund and almost $1.7 million for sewer fund. Key Findings …
https://www.osc.ny.gov/local-government/audits/village/2014/06/27/village-monticello-budget-review-b4-14-15Town of Milo – Financial Condition (2020M-172)
… property taxes and user fees were levied than needed to fund operations. The Board did not adopt realistic budgets … financial and capital plans or the following policies: Fund Balance Reserve Budgeting As of December 31, 2020, the general, highway and water funds unrestricted fund balances were excessive, ranging from 97 percent to 178 …
https://www.osc.ny.gov/local-government/audits/town/2021/04/23/town-milo-financial-condition-2020m-172Town of Laurens - Budget Review (B4-14-21)
… is funded by estimated revenues of $370,880, appropriated fund balance of $116,905 and real property tax revenues of … Key Findings We project that the general town-wide fund will end the current fiscal year with a deficit fund balance of up to $21,000; Town officials did not …
https://www.osc.ny.gov/local-government/audits/town/2014/11/07/town-laurens-budget-review-b4-14-21Town of Dayton – Financial Condition (2013M-90)
… financial stability. As a result, the highway town-wide fund has a deficit and the general and highway … to properly reflect the amount the highway town-wide fund owes the highway town-outside-village fund and the Board should develop a plan to repay these funds …
https://www.osc.ny.gov/local-government/audits/town/2013/08/14/town-dayton-financial-condition-2013m-90Payments Allowed in Advance of Audit – Improving the Effectiveness of Your Claims Auditing Process
… such as office supplies. The amount of a petty cash fund may be limited by statute. The custodian of the petty cash fund should periodically request reimbursement for the fund by submitting all bills or receipts for purchases made …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/payments-allowed-advance-auditPhoenix Central School District – Financial Condition (2017M-96)
… The District has approximately 1,810 students. General fund budgeted appropriations for the 2016-17 fiscal year … approximately $44.8 million. Key Findings Unrestricted fund balance as a percentage of the next year’s … Develop a plan to reduce the amount of unrestricted fund balance to the legal limit. Adopt realistic budget …
https://www.osc.ny.gov/local-government/audits/school-district/2017/08/04/phoenix-central-school-district-financial-condition-2017m-96Wallkill Central School District – Financial Management (2015M-294)
… in operating surpluses each year and that appropriated fund balance each year that was not necessary. District … reserves by $12.8 million as of June 30, 2015. Total fund balance exceeded statutory limits each year. Key … financial results and only appropriate the amount of fund balance that is actually needed to cover expenditures. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/19/wallkill-central-school-district-financial-management-2015m-294