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Village of Round Lake – Budgeting Practices and Financial Condition (2015M-26)
… that appropriated fund balance from the water and sewer funds. Consistent appropriation of fund balance and … structurally balanced budgets for the water and sewer funds. Develop a plan to eliminate the fund balance deficit … and to alleviate the fiscal stress of the water and sewer funds. Develop a multiyear plan that includes provisions to …
https://www.osc.ny.gov/local-government/audits/village/2015/05/22/village-round-lake-budgeting-practices-and-financial-condition-2015m-26Town of Hoosick – Departmental Cash Collections and Sales Tax Allocation (2016M-428)
… not properly allocate sales tax revenues to its part-town funds in compliance with statute. For the 2014 though 2016 … of $130,615 that should have been allocated to part-town funds was allocated to town-wide funds. Key Recommendations Establish and adopt policies and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-hoosick-departmental-cash-collections-and-sales-tax-allocation-2016m-428XVI.3.A Financial Statements – XVI. Financial Reporting
… Analysis of balances and transactions of individual funds; An analysis of significant variations between original … the governmental and proprietary fund types and fiduciary funds. The basic financial statements consist of the … (Reporting Government-Wide); Balance Sheet - Governmental Funds (emphasizing major funds); Reconciliation of the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3a-financial-statementsNew York State Financial Reporting
… Reports The State Comptroller’s office issues the annual and monthly State cash basis financial statements. Annual … previously published in the Basic Financial Statements and Other Supplementary Information, along with 10 years of … of the State. It presents selected financial, economic and demographic information, as well as trends in State …
https://www.osc.ny.gov/reports/financeDeposit Central School District - Financial Condition (2018M-204)
… the financial condition of the general and cafeteria funds. Key Findings District officials have: Implemented … the financial condition of the general and cafeteria funds …
https://www.osc.ny.gov/local-government/audits/school-district/2019/02/08/deposit-central-school-district-financial-condition-2018m-204IX.12.M Journal Vouchers – IX. Federal Grants
… agencies for goods or services rendered to, or on behalf of the first state agency; or Reimburse a second state agency …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12m-journal-vouchersExamples from GASB Statement 34 - Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
… Expenditures, and Changes in Fund Balances Governmental Funds For the Year Ended December 31, 2002 General Fund HUD … Redevelopment Route 7 Construction Fund Other Governmental Funds Total Governmental Funds REVENUES: Property …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-1VII.9 Overview – VII. State Revenues and Appropriated Loan Receivables
… will be paid from Federal and other dedicated revenue funds of the State. Fringe Benefits costs refer to those … and the State's contribution to the Employee Benefit Funds pursuant to agreements with the various bargaining … for assessing, collecting and making payments from funds of the State are included in various statutes of the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-overviewVII.9 Fringe Benefits and Indirect Costs – VII. State Revenues and Appropriated Loan Receivables
… will be paid from Federal and other dedicated revenue funds of the State. Fringe Benefits costs refer to those … and the State's contribution to the Employee Benefit Funds pursuant to agreements with the various bargaining … for assessing, collecting and making payments from funds of the State are included in various statutes of the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-fringe-benefits-and-indirect-costsIX.8.B Interest on Advance Payments to Vendors – IX. Federal Grants
… before the vendors have disbursed their own funds. The funds received from the State are often deposited into an … by the vendor. If the vendor does not disburse the funds, the agency should require the funds be returned to the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8b-interest-advance-payments-vendorsXI.12 Overview – XI. Procurement and Contract Management
… contracting and ensuring the prudent expenditure of funds. From contract award to contract closeout, any number … contracting and ensuring the prudent expenditure of funds …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12-overviewDiNapoli Releases Year-End State Cash Report
… Fund spending that was well below projections and unspent funds from financial settlements." All Funds receipts in the last fiscal year totaled $156.4 … or nearly $4.1 billion, from the previous year. All Funds spending totaled just over $157 billion in SFY 2016-17, …
https://www.osc.ny.gov/press/releases/2017/04/dinapoli-releases-year-end-state-cash-reportNY State Comptroller DiNapoli Announces Responsible Workforce Management Policy for Private Equity Investments
… a growing number of limited partners in private equity funds, including pension funds, endowments, and multiemployer benefit trust funds, to …
https://www.osc.ny.gov/press/releases/2024/04/ny-state-comptroller-dinapoli-announces-responsible-workforce-management-policy-private-equityCity of New Rochelle – Financial Condition (2014M-158)
… the general fund. Instead of cash assets, the other City funds include amounts "due from other funds," while the general fund includes a significant "due to other funds." As a result, the City’s financial statements are not …
https://www.osc.ny.gov/local-government/audits/city/2014/08/29/city-new-rochelle-financial-condition-2014m-158Town of Highlands – Water and Sewer Funds’ Financial Condition (2021M-152)
… managed the financial condition of the water and sewer funds. Key Findings The Board did not effectively manage the Town’s financial condition of the water and sewer funds. The Board did not monitor and amend the budgets as … $370,229 and the water fund owes $490,922 to other funds. Loans from other funds were not repaid by the end of …
https://www.osc.ny.gov/local-government/audits/town/2022/01/21/town-highlands-water-and-sewer-funds-financial-condition-2021m-152Village of Speculator – Financial Condition (2013M-381)
… have caused deficit fund balances in the water and sewer funds. Significant outstanding interfund loans to the water and sewer funds have negatively affected the general fund’s cash … eliminate the fund balance deficits in the water and sewer funds. Review outstanding interfund loans in the water and …
https://www.osc.ny.gov/local-government/audits/village/2014/04/04/village-speculator-financial-condition-2013m-381DiNapoli: Audit Finds Misuse of Funds in Town of Fishkill
… action to shore up internal financial controls so taxpayer funds are secure and being spent appropriately in the … the former director retired, auditors project that center funds totaling as much as $26,000 in 2011 and $19,000 in 2012 … bank account which allowed her to deposit senior center funds and make undetected and inappropriate withdrawals. …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-audit-finds-misuse-funds-town-fishkillDiNapoli: Former Fire District Treasurer Arrested for Stealing Public Funds
… Comptroller Thomas P. DiNapoli today announced the arrest of the former treasurer of Pulteney Fire District #2 in … by filing a complaint online at [email protected].ny.us , or by mailing a complaint to: Office of the State … Division of Investigations, 14th floor, 110 State St., Albany, NY 12236. … New York State Comptroller Thomas P …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-former-fire-district-treasurer-arrested-stealing-public-fundsDiNapoli: Former Almond Treasurer Took $22,000 in Fire Department Funds
… a class D felony. DiNapoli’s office uncovered missing funds during an audit and investigation of the Almond Fire … recommended department officials: Recover the missing funds identified in the report; Develop and include internal … to fight corruption and the misappropriation of public funds at every level of government. His anti-corruption …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-former-almond-treasurer-took-22000-fire-department-fundsBrookhaven-Comsewogue Union Free School District - Extra-Classroom Activity Funds (2021M-181)
… accounting system for extra-classroom activity (ECA) funds. Key Findings Unapproved ECA clubs were operating in … did not establish an adequate accounting system for ECA funds. As a result, District officials cannot ensure that … ECA policy or provide appropriate oversight of ECA funds. As a result, 72 of 90 transactions tested totaling …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/17/brookhaven-comsewogue-union-free-school-district-extra-classroom-activity