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Comptroller DiNapoli Releases State Audits

… a small business, are commingled with advance account funds prior to transfer to the state treasury. In addition, … Controls and Accountability of Court, Trust and Bail Funds (2013-N-1) The Finance Department could not accurately account for court, trust and bail funds. For example, Finance's Court Assets Tracking System …

https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-releases-state-audits

Greenville Fire District – Capital Reserve (2014M-64)

… 2013 were $569,444. Key Findings The District accumulated funds in its capital reserve in excess of the amount … the reasonableness of amounts accumulated in reserve funds. If new equipment is not purchased, develop a plan for use of the surplus funds. …

https://www.osc.ny.gov/local-government/audits/fire-district/2014/05/16/greenville-fire-district-capital-reserve-2014m-64

Town of Butternuts – Accounting and Reporting (2016M-323)

… for 2016 for the town-wide and town-outside-village funds totaled approximately $1.3 million. Key Findings The … accounting records resulting in misstatements in several funds. Key Recommendations Adopt budgets which include the … Properly record the separate cash balances of different funds that are commingled in one bank account. …

https://www.osc.ny.gov/local-government/audits/town/2016/11/25/town-butternuts-accounting-and-reporting-2016m-323

Rocky Point Union Free School District – Financial Condition (2015M-170)

… fund, how each reserve would be funded or when reserve funds would be used. Amounts retained in two of the … comprehensive policies for establishing and using reserve funds. Develop a plan for the use of excess fund balance and reserve funds in a manner that benefits District taxpayers. …

https://www.osc.ny.gov/local-government/audits/school-district/2015/11/13/rocky-point-union-free-school-district-financial-condition-2015m-170

IX.12.A Key Provisions – IX. Federal Grants

… and fund disbursements to states; States must draw federal funds in amounts necessary to fund only “actual immediate … and states must minimize the time from: the date on which funds are transferred between the Federal Government and the states to the date such funds are paid out for federal program purposes through …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12a-key-provisions

Village of Fort Ann – Financial Condition (2014M-197)

… approximately $219,000 for the general, water and sewer funds. Key Findings The Board consistently appropriated … overestimated expenditures for the water and sewer funds with the intention of increasing the levels of fund … actual amount available. Ensure that the water and sewer funds’ budgets contain realistic appropriations. …

https://www.osc.ny.gov/local-government/audits/village/2014/11/14/village-fort-ann-financial-condition-2014m-197

Groton Central School District – Cash Management (2020M-124)

… earned another $367,963 if officials invested available funds in a financial institution that offered higher interest … monthly cash flow forecasts that estimate available funds for investment. Ensure available funds are invested, within legal limits, to maximize interest …

https://www.osc.ny.gov/local-government/audits/school-district/2021/01/29/groton-central-school-district-cash-management-2020m-124

Town of Saranac - Cash Management (2019M-32)

… Town officials maximized interest earnings and minimized bank fees. Key Findings The Board did not develop and manage … program to ensure interest earnings were maximized and bank fees were minimized. Had the Supervisor invested … by $56,324 during the audit period. The Town incurred bank fees totaling $3,327 while receiving $920 in interest …

https://www.osc.ny.gov/local-government/audits/town/2019/09/13/town-saranac-cash-management-2019m-32

Massena Central School District - Selected Non-Payroll Disbursements (2019M-71)

… direct access to a District bank account to disburse these funds. Payment of utilities totaling $60,641 and … to a District bank account and the ability to disburse funds. Transfer money to the administrator for the total … in satisfaction of dental claims and initiate and disburse funds for all utility payments. Ensure that all claims are …

https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/massena-central-school-district-selected-non-payroll-disbursements-2019m

Educators for Children, Youth and Families, Inc. – Use of Contract Funds (Follow-Up)

… for Children, Youth and Families, Inc. - Use of Contract Funds (Report 2007-S-128). Background Our initial audit … and Families, Inc. (Educators) appropriately used State funds received from the State Education Department (SED) and … addressing the matters in our initial report. However, no funds have yet been recovered and all three recommendations …

https://www.osc.ny.gov/state-agencies/audits/2013/08/13/educators-children-youth-and-families-inc-use-contract-funds-follow

Procurement and Payroll-Related Matters Pertaining to the Use of Certain Federal Funds

… Purpose To determine whether the New York City Transit Authority (Transit) used the American Recovery and Reinvestment Act … six constituent agencies, including the New York City Transit Authority (Transit). Transit operates the subways in … To determine whether the New York City Transit Authority Transit used the American Recovery and …

https://www.osc.ny.gov/state-agencies/audits/2014/06/18/procurement-and-payroll-related-matters-pertaining-use-certain-federal-funds

DiNapoli: East Ramapo School Budget Hampered By Deficits, Inadequate Rainy Day Funds

… continued operating deficits and inadequate reserve funds, according to a follow-up audit issued today by New … continued operating deficits and inadequate reserve funds according to a followup audit issued today by New York …

https://www.osc.ny.gov/press/releases/2016/06/dinapoli-east-ramapo-school-budget-hampered-deficits-inadequate-rainy-day-funds

DiNapoli: Former Potter Town Clerk Pleads Guilty to Theft of Public Funds

… Former Town of Potter Clerk Julie Brown pleaded guilty yesterday after pocketing public funds for her personal use … of her plea agreement, of which she paid $20,000 during yesterday’s plea. “Ms. Brown violated the public trust by … Former Town of Potter Clerk Julie Brown pleaded guilty yesterday after pocketing public funds for her personal use …

https://www.osc.ny.gov/press/releases/2021/03/dinapoli-former-potter-town-clerk-pleads-guilty-theft-public-funds

DiNapoli: Former Prattsville Town Supervisor Pleads Guilty to Fraud of State Funds

… his community and his duty as Town Supervisor by stealing funds that were meant to help the town recover from Hurricane …

https://www.osc.ny.gov/press/releases/2022/07/dinapoli-former-prattsville-town-supervisor-pleads-guilty-fraud-state-funds

Comptroller DiNapoli Releases Municipal Audits

… Assistant Treasurer admitted to stealing $4,100 in County funds from 2012 to 2017 and resigned from her position. In … The Court has a shortage of $370 and unidentified funds of $8,207. Town of Lloyd – Financial Condition (Ulster … overestimated expenditures in the general, water and sewer funds each year. The board’s budgeting practices resulted in …

https://www.osc.ny.gov/press/releases/2019/08/comptroller-dinapoli-releases-municipal-audits

Homer Central School District – Financial Condition (2013M-306)

… a total of almost $3.6 million of unexpended surplus funds and budgeted for expenditures from its reserves in its budgets. Although unexpended surplus and reserve funds were included in the budgets as a financing sources, the District did not actually use the surplus funds or all of the budgeted reserve fund amounts as planned …

https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/homer-central-school-district-financial-condition-2013m-306

Germantown Central School District – Financial Management (2013M-230)

… of taxpayer dollars without full disclosure of how these funds will be used. Key Recommendations Develop realistic … procedures related to the establishment and use of reserve funds. Review all reserves and determine if the amounts … manner. Develop a plan for the use of unexpended surplus funds and excess reserve funds identified in this report in a …

https://www.osc.ny.gov/local-government/audits/school-district/2014/01/17/germantown-central-school-district-financial-management-2013m-230

Frankfort-Schuyler Central School District – Financial Management (2016M-226)

… an average of approximately $342,000 of unrestricted funds in the debt service fund, $1.1 million in the agency … is in compliance with the statutory limit; use surplus funds as a financing source for funding one-time … in accordance with statute, to remedy reserves with excess funds. Adopt a reserve fund policy that states its financial …

https://www.osc.ny.gov/local-government/audits/school-district/2016/09/30/frankfort-schuyler-central-school-district-financial-management-2016m-226