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January 2001: Accounting & Reporting of Expendable and Non-expendable Trusts
… principal may be spent. Currently, in the Uniform System of Accounts (USA), these trusts are accounted for and … trusts. The statement eliminates the designation of expendable and nonexpendable trust funds and creates new … special revenue fund or a permanent fund. Both of these funds will use the modified accrual basis of …
https://www.osc.ny.gov/local-government/publications/january-2001-accounting-reporting-expendable-and-non-expendable-trustsState Comptroller DiNapoli Releases Municipal & School Audits
… and school audits were issued. East Aurora Union Free School District – Procurement (Erie County) The board … inhibiting effective financial management. Garrison Union Free School District – Information Technology (IT) (Putnam …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-dinapoli-releases-municipal-school-audits-0Comptroller DiNapoli: IDA-Issued Tax Breaks Continue to Climb
… created by IDA-sponsored projects narrowed between upstate and downstate regions in 2017, according to the most recent … New Yorkers can examine if incentives given out to create and retain jobs in their communities are worth it.” The … payments in lieu of taxes (PILOTs). Both total exemptions and PILOTs increased, resulting in net exemptions of just …
https://www.osc.ny.gov/press/releases/2019/05/comptroller-dinapoli-ida-issued-tax-breaks-continue-climbWindsor Central School District – Fuel Controls (2022M-133)
… – pdf] Audit Objective Determine whether Windsor Central School District (District) officials established adequate internal … purchases and fuel inventory to help ensure fuel was used for District purposes and properly accounted for. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2022/11/23/windsor-central-school-district-fuel-controls-2022m-133State Contract and Payment Actions in October
… In October, the Office of the State Comptroller approved … for wetland restoration at Woodland Beach State Park in Erie County. $1.3 million with Slate Hill Constructors Inc. … Education Department $55.6 million in general aid to 67 school districts. Empire State Development Corporation $104.4 …
https://www.osc.ny.gov/press/releases/2022/11/state-contract-and-payment-actions-octoberSaranac Central School District – Tuition Billing and Collections (2023M-90)
… – pdf] Audit Objective Determine whether Saranac Central School District (District) officials properly billed and collected … Maintain a receivable control account in the District’s accounting records to ensure that tuition billed had been …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/22/saranac-central-school-district-tuition-billing-and-collections-2023m-90Elmwood Village Charter School – Building Acquisition (2017M-237)
… of our audit was to determine whether the Board and School officials adequately and appropriately acquired a … cost-beneficial manner that also met the School’s needs for the period July 1, 2015 through August 28, 2017. … site selection reviews and cost-benefit analyses for real estate transactions to ensure the School’s best …
https://www.osc.ny.gov/local-government/audits/charter-school/2018/02/16/elmwood-village-charter-school-building-acquisition-2017m-237Eaton No. 1 Fire District – Board Oversight (2024M-4)
… for 2020 through 2022. Adequately audit claims prior to payment. Of the 108 claims totaling $209,006 that we … Ensure claims are supported, audited and approved prior to payment. Comply with competitive bidding requirements. …
https://www.osc.ny.gov/local-government/audits/fire-district/2024/05/17/eaton-no-1-fire-district-board-oversight-2024m-4Rockland County - Sale of Estate Real Property (2019M-233)
… whether the Acting Public Administrator disposed of estate real property in accordance with Office of Public … appraisal service prior to listing estate real property for sale. County officials generally agreed with our …
https://www.osc.ny.gov/local-government/audits/county/2020/05/15/rockland-county-sale-estate-real-property-2019m-233Opinion 91-62
… real property may not be made in the form of a gift or loan in violation of article VIII, §1 of the State …
https://www.osc.ny.gov/legal-opinions/opinion-91-62Administration and Collection of Real Estate Transfer Taxes (Follow-Up)
… our initial audit report, Administration and Collection of Real Estate Transfer Taxes (Report 2017-S-88 ). About the Program … when the consideration exceeds $500, at a rate of $2 for every $500 of consideration exchanged. The base tax is …
https://www.osc.ny.gov/state-agencies/audits/2021/10/27/administration-and-collection-real-estate-transfer-taxes-followEast Irondequoit Central School District - Financial Management (2019M-28)
… Objective Determine whether the Board effectively managed District finances by adopting realistic budgets and ensuring … in encumbrances and improperly reserving $7.7 million for debt service. Recalculated surplus fund balance exceeded … budgeting for operations and reserves more accurately, and accounting for encumbrances and debt service funds properly. …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/18/east-irondequoit-central-school-district-financial-management-2019m-28Mottville Fire District - Budgeting and Financial Recordkeeping (2020M-26)
… a fund balance policy or establish targeted funding levels for its reserve funds. The Treasurer did not maintain accurate and reliable accounting records. Key Recommendations Prepare budgets that … accounting and reporting manual for fire districts. District officials agreed with our recommendations and have …
https://www.osc.ny.gov/local-government/audits/fire-district/2020/05/15/mottville-fire-district-budgeting-and-financial-recordkeeping-2020m-26Lincoln Fire District – Financial Activities (2012M-228)
… internal controls over the District’s financial operations for the period January 1, 2011, through August 31, 2012. … The District’s general fund budget totaled about $136,000 for the 2012 fiscal year. The Board of Fire Commissioners … prepares and files annual financial reports with the State Comptroller’s Office within 60 days after the close of …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/01/25/lincoln-fire-district-financial-activities-2012m-228Opinion 93-21
… FIRE DISTRICTS -- Apparatus and Equipment (procedures for sale of) REFERENDUM -- Mandatory (need for to sell fire truck in fire district) -- Permissive (need for to sell fire truck in fire … v Board of Education of the Hewlett-Woodmere Union Free School District , 125 AD2d 534, 509 NYS2d 612, lv den 69 NY2d …
https://www.osc.ny.gov/legal-opinions/opinion-93-21State Comptroller DiNapoli Releases School District Audits
… Thomas P. DiNapoli today announced the following school district audits have been issued. Albion Central School … manner or properly supported. ECA and scholarship fund accounting records were not properly maintained. Holland …
https://www.osc.ny.gov/press/releases/2022/03/state-comptroller-dinapoli-releases-school-district-auditsReal Property Dispositions
… procedures to help ensure it received appropriate payment amounts from the sales of real property. Background The Port …
https://www.osc.ny.gov/state-agencies/audits/2017/07/28/real-property-dispositionsState Agencies Events and Deadlines
… View important dates for events and deadlines for state payroll and financial officers …
https://www.osc.ny.gov/state-agencies/events-and-deadlinesLocal Government – 2023 Financial Condition Report
… billion) for local governments outside of New York City. School districts, towns, and villages received $23.9 billion, … sales taxes remained the largest single revenue source, accounting for 36.6 percent ($10.3 billion) of their total … 2021. Nearly all of this (95.8 percent) came from school district elementary and secondary education, with most of the …
https://www.osc.ny.gov/reports/finance/2023-fcr/local-governmentState Comptroller DiNapoli Releases Municipal and School Audits
… New York State Comptroller Thomas P. DiNapoli today announced … physical accessibility at the selected facilities. City of New Rochelle – Physical Accessibility to Programs and … increase physical accessibility at selected facilities. … New York State Comptroller Thomas P DiNapoli today announced …
https://www.osc.ny.gov/press/releases/2025/02/state-comptroller-dinapoli-releases-municipal-and-school-audits-0