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Village of Cato – Water Financial Operations (2023M-145)
… effectively managed the financial operations of the water fund. Key Findings The Board and officials did not … effectively manage the financial operations of the water fund, establish adequate reserves or develop long-term …
https://www.osc.ny.gov/local-government/audits/village/2024/03/22/village-cato-water-financial-operations-2023m-145DiNapoli: Lack of Transparency With School Districts' Financial Reports May Leave Taxpayers in the Dark
… financial information in a clear and comprehensive manner on their websites, according to a report released today by … “Voters need this information to make informed decisions on how they will vote on school budgets. District officials have a responsibility …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-lack-transparency-school-districts-financial-reports-may-leave-taxpayers-darkJefferson Fire District – Internal Controls Over Financial Operations (2013M-101)
… Background The District is a district corporation of the State, distinct and separate from the Town of Jefferson and … overall financial management. The District’s general fund budget totaled approximately $234,000 for the 2012 …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/07/12/jefferson-fire-district-internal-controls-over-financial-operations-2013mHalfmoon-Waterford Fire District No. 1 – Internal Controls Over Financial Operations (2013M-71)
… Background The District is a district corporation of the State, distinct and separate from the Towns of Halfmoon and … overall financial management. The District’s general fund budget totaled $848,185 for the 2013 fiscal year. Key …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/05/03/halfmoon-waterford-fire-district-no-1-internal-controls-over-financialColdspring Fire District – Internal Controls Over Financial Operations (2013M-229)
… Background The District is a district corporation of the State, distinct and separate from the Town of Coldspring, and … consists of five elected members. The District’s general fund budget totaled $49,050 for the 2013 fiscal year. Key …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/09/27/coldspring-fire-district-internal-controls-over-financial-operations-2013mSnyder Fire District – Internal Controls Over Financial Operations (2013M-365)
… The Snyder Fire District is a district corporation of the State, distinct and separate from the Town of Amherst, … consists of five elected members. The District’s general fund budget totaled $1.4 million for the 2013 fiscal year. …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/02/14/snyder-fire-district-internal-controls-over-financial-operations-2013m-365City of Lockport -- Budget Review (B1-15-20)
… 31, 2013. The Act requires the Mayor to submit to the State Comptroller each year, beginning January 1, 2015, and … or 1 percent of total anticipated general and water fund expenditures. The proposed budget does not include a tax …
https://www.osc.ny.gov/local-government/audits/city/2015/11/04/city-lockport-budget-review-b1-15-20Wyandanch Union Free School District – Budget Review (B23-7-1)
… the accumulated deficit in the District ’s general fund as of June 30, 2019. Under Local Finance Law Section … to liquidate an operating deficit, it must submit to the State Comptroller each year, starting with the fiscal year …
https://www.osc.ny.gov/local-government/audits/charter-school/2023/04/07/wyandanch-union-free-school-district-budget-review-b23-7-1Town of Otselic – Records and Reports and Conflict of Interest (2021M-36)
… $874 in the accounting records. She recorded one deposit for $25,000 twice. The required 2016 through 2019 annual … May 5, 2021, the reports were late and remained unfiled. A Board member had a prohibited interest in the contracts between the Town and …
https://www.osc.ny.gov/local-government/audits/town/2021/07/16/town-otselic-records-and-reports-and-conflict-interest-2021m-36Town of Ellery – Justice Court (2014M-269)
… on the daily cashbook reports and monthly Justice Court Fund reports. The Justices did not perform monthly … Take action to recover any moneys due to the Town or the State and segregate the Clerk’s duties. Ensure that signed …
https://www.osc.ny.gov/local-government/audits/justice-court/2015/02/06/town-ellery-justice-court-2014m-269North Colonie Central School District – Claims Processing (2013M-9)
… which comprises nine elected members. Budgeted general fund expenditures for the 2012-13 fiscal year are $94.1 … million, and funded primarily with real property taxes and State aid. Key Finding The Board adopted claims processing …
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/29/north-colonie-central-school-district-claims-processing-2013m-9DiNapoli Urges NYC to Continue to Prepare for Shifting Fiscal Landscape
… Total revenue for New York City’s budget is expected to drop by 9.4% to $101.1 billion in Fiscal Year … 2023 amid lower tax revenue and a decline in federal aid. The city also faces sustained challenges from a possible … on the city’s FY 2023 financial plan released today by State Comptroller Thomas P. DiNapoli. “The city’s adopted …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-urges-nyc-continue-prepare-shifting-fiscal-landscapeNew York’s Economy and Finances in the COVID-19 Era
… Selected Economic Trends Student Loan Balances Up 3.9% in New York; Will Pandemic-Related Relief Be Extended Again? … below provides figures on average balances and delinquency rates for student loan borrowers in New York and other …
https://www.osc.ny.gov/reports/covid-19-january-7-2021Salamanca City School District – Financial Management and Payroll (2017M-138)
… formalizing controls and oversight associated with the payroll function. Key Recommendations Maintain unrestricted … with relevant statutes. Develop and adopt written payroll policies and procedures. … Salamanca City School …
https://www.osc.ny.gov/local-government/audits/school-district/2018/03/30/salamanca-city-school-district-financial-management-and-payroll-2017m-138Genesee Valley Board of Cooperative Educational Services – Reserve Funds (2022M-39)
… established reserve funds, they did not transparently fund the reserves or use or maintain reserve funds at … were needed or reasonable. Did not adopt a written reserve fund policy. Adopting a reserve policy provides transparency … Key Recommendations Adopt a comprehensive written reserve fund policy. Review all reserve balances to determine whether …
https://www.osc.ny.gov/local-government/audits/boces/2022/07/08/genesee-valley-board-cooperative-educational-services-reserve-funds-2022m-39Chenango Forks Central School District – Financial Condition (2014M-98)
… employee benefit expenditures led to a decrease in total fund balance. Therefore, District officials may need to find … expenditures. Closely monitor the level of unrestricted fund balance and reduce reliance on fund balance as a financing source, while continuing to …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/08/chenango-forks-central-school-district-financial-condition-2014m-98Pompey Hill Fire District – Financial Management (2021M-136)
… - pdf ] Audit Objective Determine whether the Pompey Hill Fire District (District) Board of Fire Commissioners (Board) properly established and …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/11/05/pompey-hill-fire-district-financial-management-2021m-136Town of Wolcott – Financial Management (2020M-131)
… of the laws governing the finances of the general fund tax bases and did not have an understanding of the … budgets and did not maintain reasonable levels of fund balance. Did not adopt a multiyear financial and capital … a written policy governing the reasonable amount of fund balance to maintain and adopt a multiyear financial and …
https://www.osc.ny.gov/local-government/audits/town/2021/06/11/town-wolcott-financial-management-2020m-131Red Creek Central School District – Financial Condition (2016M-365)
… by an elected seven-member Board of Education. General fund budgeted appropriations for the 2016-17 fiscal year … 2013-14 through 2015-16, 71 percent of the appropriated fund balance remained unused because of overestimated … of adopting budgets that result in the appropriation of fund balance and reserve funds that will not be used. Adopt …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/30/red-creek-central-school-district-financial-condition-2016m-365Warsaw Central School District – Financial Management (2016M-278)
… and District officials annually appropriated portions of fund balance toward the subsequent year’s budget that were … realistic estimates of appropriations and appropriated fund balance and reserves. Review all reserves at least … Any excess funds should be transferred to unrestricted fund balance (where allowed by law) or to other reserves …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/16/warsaw-central-school-district-financial-management-2016m-278