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XVI.2 Financial Reporting Policies – XVI. Financial Reporting
… may be to GASB Codification sections, GASB Statements and/or GASB Interpretations. Note that in December 2010, the GASB … that is included in the following pronouncements issued on or before November 30, 1989, which does not conflict with or contradict GASB pronouncements: Financial Accounting …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi2-financial-reporting-policiesOnteora Central School District – Procurement and Claims Auditing (2021M-216)
… and completeness. Key Findings District officials did not always procure goods and services in a cost-effective … for accuracy and completeness. The District did not: Have proper documentation to support that a bus purchase totaling $121,928 was …
https://www.osc.ny.gov/local-government/audits/school-district/2022/05/27/onteora-central-school-district-procurement-and-claims-auditing-2021m-216Dolgeville Central School District – Fuel Monitoring (2023M-175)
… for or monitor fuel usage. As a result, 690 gallons of diesel fuel valued at $2,064 (23 percent) were not … inventory records or take a periodic physical inventory of diesel fuel on hand. Consequently, no fuel reconciliations were performed. A periodic reconciliation of purchases, usage and fuel on hand can determine whether …
https://www.osc.ny.gov/local-government/audits/school-district/2024/02/16/dolgeville-central-school-district-fuel-monitoring-2023m-175Salmon River Central School District – Foster Care Student Tuition (2022M-168)
… who were enrolled at other school districts during the 2018-19 through 2021-22 school years. The District … and underpayments. Key Recommendations Provide oversight to ensure that tuition bills have adequate supporting … and have initiated, or indicated they planned to initiate, corrective action. … audit school district …
https://www.osc.ny.gov/local-government/audits/school-district/2023/02/10/salmon-river-central-school-district-foster-care-student-tuition-2022mTown of Marathon – Claims Audit Process (2022M-124)
… in fuel costs if they had been able to use the New York State Office of General Services contract pricing option. Key …
https://www.osc.ny.gov/local-government/audits/town/2022/12/09/town-marathon-claims-audit-process-2022m-124Potsdam Central School District – Network User Account Controls and Information Technology Contingency Planning (2022M-104)
… controls over network user accounts and did not develop a written IT contingency plan. As a result, the District had additional entry points for … confidentially communicated to officials, we found that: Of the District’s 1,909 network user accounts 1,896 network …
https://www.osc.ny.gov/local-government/audits/school-district/2022/12/02/potsdam-central-school-district-network-user-account-controls-andTown of Marathon – Town Clerk (2022M-143)
… Key Findings The Clerk did not record, deposit, remit or report collections in a timely and accurate manner . As a … and supporting documentation, including a cash book or duplicate receipts for all transactions. Did not prepare …
https://www.osc.ny.gov/local-government/audits/town/2022/12/09/town-marathon-town-clerk-2022m-143State Agencies Bulletin No. 1023
… Fee increase and retro adjustments should be directed to John Telisky at the NYSCOPBA Office at 518-427-1551 ext. 240. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1023-new-york-state-correctional-officers-and-police-benevolent-associationReview of Real Property Holdings for Disposal (Follow-Up)
… its real property holdings to identify properties for sale or disposal. We identified 18 potential surplus properties … transportation purposes and could have been disposed of or sold to generate revenue for the State. The Department …
https://www.osc.ny.gov/state-agencies/audits/2015/04/07/review-real-property-holdings-disposal-followTown of Taylor – Financial Management (2016M-391)
… has not historically monitored available fund balance or established formal plans to address the excessive fund … in a manner that benefits Town residents. Annually audit, or have an independent accountant audit, the Supervisor's …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-taylor-financial-management-2016m-391Town of Owego - Water Fund Operations (2021M-205)
… report - pdf] Audit Objective Determine whether Town of Owego (Town) officials provided adequate oversight of water fund operations. Key Findings Town officials did not provide adequate oversight of water fund operations. Specifically: 104 of 1,380 water …
https://www.osc.ny.gov/local-government/audits/town/2022/04/01/town-owego-water-fund-operations-2021m-205Northport - East Northport Union Free School District - Extra-Classroom Activity Fund (2021M-167)
… support transactions totaling $134,449 were missing and 95 payment request forms totaling $66,149 either had no …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/northport-east-northport-union-free-school-district-extra-classroomTown of Stanford – Financial Management (2021M-130)
… which resulted in a 58 percent decrease in real property taxes. Adopted a 2021 budget with a $749,159 increase in the tax levy over the prior year and levied more taxes than …
https://www.osc.ny.gov/local-government/audits/town/2021/09/24/town-stanford-financial-management-2021m-130Town of Hempstead – Compensatory Time (2021M-64)
… monitored. Town officials did not: Establish a policy or written procedures to ensure that comp time hours were … The Board and officials should: Adopt a policy or written procedures to provide guidelines for pre-approval …
https://www.osc.ny.gov/local-government/audits/town/2021/09/10/town-hempstead-compensatory-time-2021m-64Tully Central School District – Network Access Controls (2021M-138)
… user accounts to determine whether they were appropriate or needed. As a result, the District had 47 unneeded network … including 24 that were created for former employees or third-party consultants who no longer work for the …
https://www.osc.ny.gov/local-government/audits/school-district/2021/12/03/tully-central-school-district-network-access-controls-2021m-138Otsego Northern Catskills Board of Cooperative Educational Services – Fixed Assets (2021M-88)
… did not properly monitor and account for 66 percent of the 76 fixed assets we examined, including security cameras, … Eight assets totaling more than $12,000 were not added to the inventory list. Three assets totaling more than $6,000 … list. Key Recommendations Ensure that accurate and up-to-date inventory and IT inventory lists are maintained. …
https://www.osc.ny.gov/local-government/audits/boces/2021/07/30/otsego-northern-catskills-board-cooperative-educational-services-fixed-assets-2021mCity of Middletown - Information Technology (2018M-235)
… Determine whether City officials ensured the City’s Information Technology (IT) systems were adequately secured and protected …
https://www.osc.ny.gov/local-government/audits/city/2020/01/03/city-middletown-information-technology-2018m-235Windham-Ashland-Jewett Central School District - Claims Audit Process (2019M-242)
… it is accurate, for valid purposes and in compliance with required statutes and policies. District officials generally …
https://www.osc.ny.gov/local-government/audits/school-district/2020/03/20/windham-ashland-jewett-central-school-district-claims-audit-process-2019mTown of Marcy – Justice Court Operations (2020M-166)
… the clerk and ensure pending traffic tickets are enforced in a timely manner. Upgrade the Court’s recordkeeping …
https://www.osc.ny.gov/local-government/audits/justice-court/2021/04/23/town-marcy-justice-court-operations-2020m-166Village of Whitney Point – Cash Disbursements (2013M-69)
… Purpose of Audit The purpose of our audit was to review the Village’s internal controls over cash …
https://www.osc.ny.gov/local-government/audits/village/2013/04/26/village-whitney-point-cash-disbursements-2013m-69