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Otego-Unadilla Central School District – Financial Condition (2013M-84)
… The Otego-Unadilla Central School District is located in the Towns of Otego, Unadilla, Laurens, Oneonta, Butternuts, Sidney, and Franklin in Otsego and Delaware Counties. The District is governed by … year, the cumulative effect of these variances resulted in a 52 percent increase in the District’s fund balance. The …
https://www.osc.ny.gov/local-government/audits/school-district/2013/06/14/otego-unadilla-central-school-district-financial-condition-2013m-84Sharon Springs Central School District – Fund Balance Management (2022M-100)
… effect, a reservation of fund balance that is not provided for by statute and circumvents the statutory limit. Although … Adopt budgets that include reasonable estimates for appropriations and the amount of fund balance that will …
https://www.osc.ny.gov/local-government/audits/school-district/2022/09/30/sharon-springs-central-school-district-fund-balance-management-2022m-100Town of Albion – Supervisor’s Records and Reports (2024M-111)
… and accurate accounting records and financial reports. As a result, the Supervisor provided financial records and … revenue and a $109,000 expenditure for a storage building. In addition, budgetary transfers totaling $27,125 were … action. Appendix B includes our comment on an issue raised in the Town’s response. … Determine whether the Town of …
https://www.osc.ny.gov/local-government/audits/town/2024/11/08/town-albion-supervisors-records-and-reports-2024m-111Avon Central School District – Financial Management (2024M-75)
… gaps. However, the District incurred operating surpluses in all five years we reviewed, totaling $8.2 million. Appropriating fund balance that is not needed is, in effect, a reservation of fund balance that is not provided … annual expenditures for 344 years and the debt reserve in the debt service fund had $866,000 in unidentified money …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/25/avon-central-school-district-financial-management-2024m-75Opinion 92-26
… the jurisdiction's next budget and tax levy and subsequent payment to the county. September 23, 1992 Donald E. Freed, …
https://www.osc.ny.gov/legal-opinions/opinion-92-26Opinion 91-32
… prohibits counties, cities, towns, villages and school districts from making gifts or loans of "any money or … New York , 171 NY 263; Teachers' Ass'n Central High School District No. 3 v Board of Education Central High School … e.g., Ausable Chasm Co. v State , 266 NY 326; City of Rochester v Chiarella , 98 AD2d 8, 470 NYS2d 181, affd 63 …
https://www.osc.ny.gov/legal-opinions/opinion-91-32Opinion 90-39
… in article 11 of the Town Law (see Town Law, §§176[18], 179). That section further provides that the town board … 558 NYS2d 891, it was held that provisions of articles 12 and 12-A of the Town Law for the financing of water districts …
https://www.osc.ny.gov/legal-opinions/opinion-90-39IV.3.B Miscellaneous Receipts – IV. Accounting Codes - Uses and Descriptions
… utilities or the health care industry. Commissions 31201 Casinos State share of revenue generated by casinos. 31202 Royalties and Patents State share of revenue …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv3b-miscellaneous-receiptsSchenectady County Industrial Development Agency – Project Approval and Monitoring (2014M-338)
… and recreation facilities. The Agency, which was created in 1978, is governed by a seven-member Board of Directors appointed by the … 2013. Key Findings The Agency did not include provisions in the agreements it enters into with businesses to recapture …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2015/04/28/schenectady-county-industrial-development-agency-projectNY State Common Retirement Fund Selects New Deputy Chief Investment Officer
… previously served the Fund as Director of Absolute Return Strategies. “Anastasia’s talent and varied financial … to joining the Fund in 2011, she served as Director of International Derivatives Sales at Bank of America and has …
https://www.osc.ny.gov/press/releases/2015/02/ny-state-common-retirement-fund-selects-new-deputy-chief-investment-officerNew York State Comptroller DiNapoli Statement on the MTA's February Financial Plan
… New York State Comptroller Thomas P. DiNapoli issued the … this year. The agency is depending on the state for new revenue to offset ridership loss and balance its budget …
https://www.osc.ny.gov/press/releases/2023/02/new-york-state-comptroller-dinapoli-statement-mtas-february-financial-planWayne Central School District – Financial Management (2012M-229)
… Background The Wayne Central School District is located in Wayne County and Monroe County. The District is governed … underestimated revenues and overestimated expenditures in the adopted budgets by a total of $20.5 million. As a … limits, District officials: appropriated $4.6 million in fund balance that was not needed to fund the budget, …
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/22/wayne-central-school-district-financial-management-2012m-229North Colonie Central School District – Claims Processing (2013M-9)
… in the amount and price as ordered prior to payment. We randomly selected 45 claims from all funds totaling … $60,051 during our audit period and tested them to see if they were properly supported and audited in a timely …
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/29/north-colonie-central-school-district-claims-processing-2013m-9Town of Sheridan – Shared Services Costs (2023M-74)
… to the County without conducting a cost-benefit analysis or evaluating whether the conveyance was in the Town taxpayers’ best financial interest. Although the County installed a … storage tank on the land and installed water lines, there is no existing water district or documented plans to …
https://www.osc.ny.gov/local-government/audits/town/2023/12/22/town-sheridan-shared-services-costs-2023m-74Central Islip Union Free School District – Financial Management (2013M-380)
… The Central Islip Union Free School District is located in Suffolk County. The District is governed by the Board of … underestimated revenues and overestimated expenditures in the Board-adopted budgets for fiscal years 2008-09 through 2012-13, resulting in combined operating surpluses totaling more than $25 …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/21/central-islip-union-free-school-district-financial-management-2013m-380Town of Sidney – Budget Review (B4-13-19)
… in the Town’s preliminary budget for the 2014 fiscal year are reasonable. Background The Town of Sidney, located in … State Comptroller for review while the deficit obligations are outstanding. Key Findings Based on the results of our … revenue and expenditure projections in the proposed budget are reasonable. The Town is currently reporting accounts …
https://www.osc.ny.gov/local-government/audits/town/2013/11/05/town-sidney-budget-review-b4-13-19Town of Chautauqua – Fiscal Stress (2013M-220)
… Purpose of Audit The purpose of our audit was to evaluate the Town’s financial condition for the period January 1, … Key Recommendations Ensure that the annual budget includes all necessary appropriations and that the amounts budgeted …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-chautauqua-fiscal-stress-2013m-220Oswego School District Public Library – Selected Cash Receipts (2013M-397)
… over tax receipts and over-the-counter cash receipts for the period July 1, 2012 through August 31, 2013. … operating expenditures were approximately $1.2 million for the fiscal year ending June 30, 2013. Key Findings The … tax certiorari judgments. However, there is no authority for a school district to chargeback any portion of a tax …
https://www.osc.ny.gov/local-government/audits/library/2014/03/21/oswego-school-district-public-library-selected-cash-receipts-2013m-397Town of Candor – Fund Balances (2014M-157)
… objectives and goals. From fiscal years 2011 through 2013, fund balance available for use in each of the four major … any policies or procedures to govern the level of fund balance to maintain for each fund. Although Town officials told us about their various …
https://www.osc.ny.gov/local-government/audits/town/2014/08/01/town-candor-fund-balances-2014m-157Village of Liberty – Financial Condition (2013M-109)
… Purpose of Audit The purpose of our audit was to review the Village’s financial condition for the period June 1, … The Village’s 2013-14 budgeted appropriations for all operating funds totaled approximately $6.4 million. Key …
https://www.osc.ny.gov/local-government/audits/village/2013/10/04/village-liberty-financial-condition-2013m-109