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East Rockaway Union Free School District – Extra-Classroom Activity Funds (2020M-85)

… supported and for legitimate ECA purposes. Key Findings The ECA clubs did not maintain adequate records; therefore, … however, ECA deposits were not always timely. Managing the finances of ECA activities is meant to be a learning experience for …

https://www.osc.ny.gov/local-government/audits/school-district/2021/01/15/east-rockaway-union-free-school-district-extra-classroom-activity-funds

Ravena-Coeymans-Selkirk Central School District – Extra-Classroom Activity Funds and Admissions (2020M-169)

Determine whether the RavenaCoeymansSelkirk Central School Districts District extraclassroom activity ECA and event admissions funds were adequately safeguarded and properly accounted for

https://www.osc.ny.gov/local-government/audits/school-district/2021/04/01/ravena-coeymans-selkirk-central-school-district-extra-classroom-activity

Town of Fishkill – Apparent Misappropriation of Senior Center Funds (2013M-246)

… Purpose of Audit The purpose of our audit was to review the Center’s financial activity and to assess the Board’s oversight of the Center for the period of January 1, 2011, to March 31, 2013. … she did not properly account for funds associated with the Center’s operations. The day before the former Director …

https://www.osc.ny.gov/local-government/audits/town/2014/02/21/town-fishkill-apparent-misappropriation-senior-center-funds-2013m-246

City of Glens Falls – Financial Condition (2013M-150)

… sufficient revenues without additional contributions from the general fund. …

https://www.osc.ny.gov/local-government/audits/city/2013/08/02/city-glens-falls-financial-condition-2013m-150

NYS Common Retirement Fund Announces First Quarter Results

… has 38.3 percent of its assets invested in publicly traded domestic equities and 15.6 percent in international public …

https://www.osc.ny.gov/press/releases/2016/08/nys-common-retirement-fund-announces-first-quarter-results

Village of Endicott -- Budget Review (B17-4-7)

… in the tentative budget for the general, electric and parking funds are reasonable. The water and sewer funds' …

https://www.osc.ny.gov/local-government/audits/village/2017/04/14/village-endicott-budget-review-b17-4-7

XIX.3 Project IDs with Multiple Funding Sources – XIX. Project Costing (PCIP)

… funding sources, considering the following questions: What is my total project budget? What is my total project cost? Encumbrance? What is my …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix3-project-ids-multiple-funding-sources

XIV.3.B Short Term Investment Pool (STIP) – XIV. Special Procedures

… Pursuant to §98 of the State Finance Law, the State Comptroller shall invest and keep invested all moneys belonging to any and all funds of the State. The Short Term Investment Pool (STIP) represents a … Pursuant to 98 of the State Finance Law the State Comptroller shall invest and …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3b-short-term-investment-pool-stip

Half Hollow Hills Community Library - Fund Balance (2018M-127)

… and recommendations. Appendix B includes our comments on issues raised in the Library’s response letter. …

https://www.osc.ny.gov/local-government/audits/library/2018/11/09/half-hollow-hills-community-library-fund-balance-2018m-127

Town of Stockton – Financial Management (2014M-90)

… 13, 2014. Background The Town of Stockton is located in Chautauqua County and has a population of approximately … The Board has consistently overestimated appropriations in annual budgets. Town officials have not developed a … Reduce the unexpended surplus fund balances in the general and highway town-wide funds and adopt a policy …

https://www.osc.ny.gov/local-government/audits/town/2014/09/12/town-stockton-financial-management-2014m-90

Town of Easton – Sales Tax Allocation (2014M-355)

… resulting in taxpayer inequities of approximately $188,000 from 2011 through 2014. Key Recommendations Allocate sales …

https://www.osc.ny.gov/local-government/audits/town/2015/02/13/town-easton-sales-tax-allocation-2014m-355

Village of Coxsackie – Financial Condition and Water and Sewer Fund Accountability (2014M-324)

… Budgeted appropriations for the 2014-15 fiscal year for all operating funds total approximately $3.7 million. Key … not properly classify the amounts due to the general fund from the water and sewer funds. For the fiscal year ending … to the Village’s customers. Key Recommendations Review all outstanding interfund advance balances and take action to …

https://www.osc.ny.gov/local-government/audits/village/2015/02/13/village-coxsackie-financial-condition-and-water-and-sewer-fund-accountability

Bolton Central School District – Financial Condition (2013M-58)

… 2009, to November 30, 2012. Background The Bolton Central School District is located in Warren County. The District is … Bolton Central School District Financial Condition 2013M58 …

https://www.osc.ny.gov/local-government/audits/school-district/2013/05/31/bolton-central-school-district-financial-condition-2013m-58

DiNapoli: State's Cash Position is Strong

… of ongoing budget balance, and we are seeing positive numbers there as well.” Total All Funds receipts of $58.1 … because of Medicaid. Receipts collected in the General Fund (including transfers from other funds) totaled $28 … an increase of 13 percent or $3.2 billion. General Fund receipts were $162.9 million higher than updated …

https://www.osc.ny.gov/press/releases/2014/09/dinapoli-states-cash-position-strong

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-trusts

NYS Common Retirement Fund Reports First Quarter Results

The New York State Common Retirement Funds Fund estimated return in the first quarter of the State Fiscal Year SFY 202021 was 1035 percent for the threemonth period ending June 30 2020 with an estimated value of $2163 billion according to State Comptroller Thomas P DiNapoli

https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-results

DiNapoli: Independent Review Finds State Pension Fund Strong, but Warns of Risks Posed by Limited Staffing

… Common Retirement Fund (Fund) that commended the Fund for its strong policies and ethical management, stating that … compared to most peers it remains severely understaffed for its scale and complexity, with underdeveloped risk … staff compensation levels are in the bottom quartile for similar public pension funds. There is justifiable …

https://www.osc.ny.gov/press/releases/2016/07/dinapoli-independent-review-finds-state-pension-fund-strong-warns-risks-posed-limited-staffing

XII.6.O Paying Retainage – XII. Expenditures

… including the amount that will be withheld from the vendor payment as retainage. The vendor should invoice for the full … the retainage amount as well as non-retained amount. The processor should copy the purchase order into the voucher … retained on the current voucher. In this example, we are holding $20,000 for retainage. PROCESSING A VOUCHER TO PAY …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6o-paying-retainage