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Examples from GASB Statement 34 - Statement of Activities

… Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting …     Program Revenues Net (Expense) Revenue and Changes in Net Assets Functions/Programs Expenses Charges for Service …      29,259,208                           Change in net assets (3,114,286) 3,219,885 105,599 3,202,656   Net …

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

Village of Port Chester - Dual Employment (2018M-91)

… some of our findings but indicated they have taken or plan to take corrective action. Appendix B contains our comments …

https://www.osc.ny.gov/local-government/audits/village/2020/06/12/village-port-chester-dual-employment-2018m-91

Town of Hillsdale – Justice Court Operations (2014M-312)

… activities for the period January 1, 2013 through June 23, 2014. Background The Town of Hillsdale is located in … Key Findings The Justices and clerk did not perform bank reconciliations or accountability analyses. Key Recommendations Prepare monthly bank reconciliations and accountability analyses and review …

https://www.osc.ny.gov/local-government/audits/justice-court/2015/02/13/town-hillsdale-justice-court-operations-2014m-312

Town of Milford – Justice Court Operations (2014M-279)

… of our audit was to review internal controls over the Courts financial activity for the period January 1 2013 …

https://www.osc.ny.gov/local-government/audits/justice-court/2014/12/19/town-milford-justice-court-operations-2014m-279

Town of Hammond – Town Clerk Operations (2014M-350)

… Record the payment date and type of payment on tax remittance stubs or duplicate receipts and retain …

https://www.osc.ny.gov/local-government/audits/town/2015/03/27/town-hammond-town-clerk-operations-2014m-350

Town of Hague – Departmental Cash Receipts (2014M-320)

… Background The Town of Hague is located in Warren County and has a population of approximately 700. The Town is …

https://www.osc.ny.gov/local-government/audits/town/2015/01/23/town-hague-departmental-cash-receipts-2014m-320

Town of Big Flats – Financial Management (2013M-170)

… The Town of Big Flats is located in Chemung County and has a population of approximately 7,700. The Town is … Town Board (Board) consisting of the Town Supervisor and four Board members. The Town’s 2013 budgeted … reports from the Supervisor, it did not develop and adopt accurate budgets that were based on realistic …

https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-big-flats-financial-management-2013m-170

Town of German Flatts – Fiscal Stress (2015M-217)

… Purpose of Audit The purpose of our audit was to review the Town’s financial condition for … January 1, 2014 through May 31, 2015. Background The Town of German Flatts is located in Herkimer County and has a … The purpose of our audit was to review the Towns financial condition for …

https://www.osc.ny.gov/local-government/audits/town/2015/11/20/town-german-flatts-fiscal-stress-2015m-217

Town of Amsterdam – Supervisor’s Records and Reports (2013M-8)

… purpose of our audit was to review the Town’s accounting records and reports for the period January 1, 2010, through … Supervisor does not maintain timely or accurate accounting records for the Town. Therefore, the accounting records do not support the AUDs filed by the Supervisor for …

https://www.osc.ny.gov/local-government/audits/town/2013/04/05/town-amsterdam-supervisors-records-and-reports-2013m-8

Town of Exeter – Records and Reports (2015M-23)

… Purpose of Audit The purpose of our audit was to evaluate the Town’s financial operations for the period … The Board did not ensure the Supervisor maintained up-to-date, complete and accurate records. The last time the … year, even though our Office sent out several notices to remind the Supervisor of the filing deadlines and offers …

https://www.osc.ny.gov/local-government/audits/town/2015/08/07/town-exeter-records-and-reports-2015m-23

Town of Westerlo – Selected Financial Activities (2013M-323)

… loans. Furthermore, the Board has not established a repair reserve for the water district fund in anticipation of future repair costs. There was no documentation to confirm that …

https://www.osc.ny.gov/local-government/audits/town/2014/03/28/town-westerlo-selected-financial-activities-2013m-323

Town of Exeter – Town Clerk/Tax Collector (2024M-15)

… manner. However, the Clerk did not always deposit real property taxes in a timely manner and did not remit these … manner. Specifically, the Clerk did not:  Deposit 39 real property tax collections, totaling $505,197, within 24 hours … indication of the actual date of receipt.  Remit real property taxes to the Town Supervisor (Supervisor) on a …

https://www.osc.ny.gov/local-government/audits/town/2024/05/31/town-exeter-town-clerktax-collector-2024m-15

DiNapoli Releases Analysis of SFY 2024-25 State Budget

… The estimated $237 billion Enacted Budget for State Fiscal Year (SFY) 2024-25 increases spending for vital state … to the overall lower PIT collections during the fiscal year. Major Spending and Policy Actions Projected All … requirements. Report Enacted Budget Report: State Fiscal Year 2024-25 …

https://www.osc.ny.gov/press/releases/2024/05/dinapoli-releases-analysis-sfy-2024-25-state-budget

City of Long Beach – Budget Review (B24-7-4)

… The City’s proposed budget includes a tax levy of $60.1 million, which complies with the legal limit. In adopting …

https://www.osc.ny.gov/local-government/audits/city/2024/05/10/city-long-beach-budget-review-b24-7-4

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 … in unauthorized billing adjustments were made.  Of 464 water bills reviewed (totaling $134,852), 71 bills had …

https://www.osc.ny.gov/local-government/audits/village/2024/03/22/village-cato-water-financial-operations-2023m-145

Town of Poestenkill – Credit Card Purchases (2024M-34)

… supported, for legitimate purposes and approved before payment.  Key Findings  The Board did not ensure all credit … supported, for legitimate purposes and approved before payment. As a result, the Town paid $1,322 for inappropriate … credit card payments totaling $13,563 (28 percent) before payment, as required. Key Recommendations  Establish a …

https://www.osc.ny.gov/local-government/audits/town/2024/06/07/town-poestenkill-credit-card-purchases-2024m-34

Forensic Audit of Dual Employment Approvals and Conflicts

… employees who also worked for a New York State or City agency had approval to do so; were working their required … in connection with his/her outside employment. Each MTA agency may develop its own outside employment policy to … from both the MTA and either a State, City, or another MTA agency during the exact same time periods. Key Findings We …

https://www.osc.ny.gov/state-agencies/audits/2013/12/19/forensic-audit-dual-employment-approvals-and-conflicts

Village of Fort Johnson – Claims Processing (2016M-324)

… Purpose of Audit The purpose of our audit was to examine the Village’s claims processing … June 1, 2015 through June 30, 2016. Background The Village of Fort Johnson is located in the Town of Amsterdam in … Village of Fort Johnson Claims Processing 2016M324 …

https://www.osc.ny.gov/local-government/audits/village/2016/12/16/village-fort-johnson-claims-processing-2016m-324

Distribution of Utility Arrears in New York State

… impact of the devastating job losses incurred during the early months of the COVID-19 pandemic is a significant … impact of the devastating job losses incurred during the early months of the COVID19 pandemic is a significant …

https://www.osc.ny.gov/reports/distribution-utility-arrears-new-york-state

Village of Akron – Selected Financial Activities (2016M-133)

… of our audit was to review the Village’s water operations and the Clerk-Treasurer’s records and reports for the period June 1, 2014 through December 22, … approximately $6 million. Key Findings We reviewed water and sewer billings to 53 customers and found that seven were …

https://www.osc.ny.gov/local-government/audits/village/2016/08/26/village-akron-selected-financial-activities-2016m-133