Search
Examples from GASB Statement 34 - Statement of Net Assets
… Examples from GASB Statement 34 included in this bulletin, copyright by the … Norwalk, CT 06856 are reprinted by permission. Sample City Statement of Net Assets December 31, 2002 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-net-assetsWatervliet City School District – Fiscal Stress (2014M-149)
… need to issue revenue and tax anticipation notes to meet cash flow needs. The Board and District officials failed to … fund balance to be maintained to provide sufficient cash flow and avoid relying on short-term borrowing. Monitor …
https://www.osc.ny.gov/local-government/audits/school-district/2014/11/07/watervliet-city-school-district-fiscal-stress-2014m-149Albany County Department of Weights and Measures – Potential Revenue Enhancement and Internal Controls Over Cash Receipts (2013M-278)
… revenue enhancement opportunities and controls over the cash receipts process of the Department of Weights and … State Agriculture and Markets Law. The duties of billing, cash collecting and recordkeeping are not segregated nor are …
https://www.osc.ny.gov/local-government/audits/county/2014/04/04/albany-county-department-weights-and-measures-potential-revenue-enhancement-andTown of Saranac – Town Clerk Operations (2019M-33)
… and intact. As of October 31, 2018, $843 in recorded cash collections had not been deposited and were unaccounted … whereby known liabilities are reconciled to available cash. Take appropriate action to recover any money due the …
https://www.osc.ny.gov/local-government/audits/town/2022/02/25/town-saranac-town-clerk-operations-2019m-33Clifton Park Water Authority – Water Charges (2015M-247)
… The Clifton Park Water Authority is an independent public benefit corporation that was established in 1990 under New York State Public Authorities Law to acquire, construct, operate and maintain public water supply and distribution facilities for the …
https://www.osc.ny.gov/local-government/audits/public-authority/2016/01/22/clifton-park-water-authority-water-charges-2015m-247Lindenhurst Union Free School District – Credit Cards (2016M-179)
… policy. The District’s credit card policy did not address cash advances available with the general purpose cards. … users to acknowledge receiving the policy. Ensure that cash advances on District credit cards are no longer allowed. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/29/lindenhurst-union-free-school-district-credit-cards-2016m-179Wallkill Hook, Ladder and Hose Company – Financial Activities (2016M-223)
… services for a portion of the Town of Shawangunk in Ulster County. The Company is governed by an elected … records and reports, bank statements and reconciliations. In addition, the Board should conduct annual audits of the …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2016/09/23/wallkill-hook-ladder-and-hose-company-financial-activitiesState Comptroller DiNapoli Releases Municipal & School Audits
… fund balance was $34,092, which was less than 4% of the 2023 appropriations. The board underestimated expenditures by …
https://www.osc.ny.gov/press/releases/2023/08/state-comptroller-dinapoli-releases-municipal-school-audits-0Comptroller DiNapoli Releases Municipal Audits
… and accountability for our local communities is a top priority,” said DiNapoli. “By auditing municipal … the recommendations in the budget review letter issued on Oct. 15, 2013. Smithtown Fire District – Capital Project … as reviewing and approving claims before payments are made. West Nyack Fire District – Claims Processing (Rockland …
https://www.osc.ny.gov/press/releases/2014/10/comptroller-dinapoli-releases-municipal-audits-2State Comptroller DiNapoli Releases Municipal Audits
… completed audits of Village of Fleischmanns , Village of Old Westbury , Town of Orangetown , Town of Portland , … adopted budgets and allowed them to be over-expended each year. Auditors also found that although the police …
https://www.osc.ny.gov/press/releases/2017/07/state-comptroller-dinapoli-releases-municipal-audits-0State Comptroller DiNapoli Releases Municipal & School Audits
… were not complete, accurate or up to date. Of the 39 cash receipts totaling $6.1 million, and 36 cash disbursements totaling $124,391 reviewed: 20 cash receipts totaling $3.1 million either did not match bank …
https://www.osc.ny.gov/press/releases/2023/09/state-comptroller-dinapoli-releases-municipal-school-audits-1Comptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced his … internal controls over employee time and attendance records and payroll processing. Because the city council has …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-releases-municipal-audits-0Collection of Electronic Waste Fees
… the responsibilities for collecting and recording cash receipts of the fees and surcharges. Also, supervisory … of fees by: separating the handling and recording of cash receipts to the degree feasible; and documenting the results of supervisory reviews of the cash collection process. Other Related Audit/Report of …
https://www.osc.ny.gov/state-agencies/audits/2015/09/02/collection-electronic-waste-feesComptroller DiNapoli Releases Municipal Audits
… which prevents the board from knowing the amount of cash on hand and that the bank balance reconciles to the cash balance. Also, the treasurer has consistently failed to … the board with monthly financial reports including cash balance and budget status reports. In addition, the …
https://www.osc.ny.gov/press/releases/2014/03/comptroller-dinapoli-releases-municipal-audits-1DiNapoli Releases Year-End and April Cash Reports
… Plan released earlier this month, according to the April Cash Report released today by State Comptroller Thomas P. … such deposit since 2008. DiNapoli's office issues a state cash report every month detailing actual state revenues and spending for the prior month. The cash report focuses on two primary funds: General Fund and …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-releases-year-end-and-april-cash-reportsFinancial Toolkit for Local Officials
… Budgeting in Future Years Cash Flow Management Strategies … Local government and school district leaders …
https://www.osc.ny.gov/local-government/financial-toolkitBarnard Fire Department – Financial Controls (2015M-134)
Barnard Fire Department Financial Controls 2015M134
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2015/09/25/barnard-fire-department-financial-controls-2015m-134Allegany Engine Company, Inc. – Internal Controls Over Financial Activities (2014M-176)
… did not offer a legitimate Company purpose for $7,123 in cash withdrawals. The President did not appoint a finance … and determine the status of the $7,123 in questionable cash withdrawals. Appoint a finance committee to review and …
https://www.osc.ny.gov/local-government/audits/county/2015/01/16/allegany-engine-company-inc-internal-controls-over-financial-activities-2014m-176Delevan Volunteer Fire Company, Inc. – Internal Controls Over Financial Operations (2013M-345)
… Company funds. The Treasurer did not prepare a budget or cash flow document to guide annual operations. Key … maintain custody of all Company funds. Develop a budget or cash flow document to guide annual operations. … Delevan …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/02/26/delevan-volunteer-fire-company-inc-internal-controls-over-financialCity of Watervliet – Financial Condition (2017M-230)
… City experienced operating deficits and declining fund and cash balances in all three operating funds from fiscal years … the Council with quarterly budget status reports and cash flow projections for each fund, and the Council should …
https://www.osc.ny.gov/local-government/audits/city/2018/02/09/city-watervliet-financial-condition-2017m-230