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Newfane Central School District – Financial Management (2020M-88)
… statutory limit. $13.4 million was improperly restricted in two reserves: $12.6 million in the employee benefit accrued liability reserve. $800,000 in the debt service reserve. Key Recommendations Reduce …
https://www.osc.ny.gov/local-government/audits/school-district/2020/11/06/newfane-central-school-district-financial-management-2020m-88Town of Middlefield – Budgeting (2015M-109)
… Adopt realistic, structurally sound budgets which reduce the Town’s reliance on one-time revenues, such as fund …
https://www.osc.ny.gov/local-government/audits/town/2015/08/14/town-middlefield-budgeting-2015m-109Canaseraga Central School District - Financial Management (2019M-104)
… of fund balance that will be used to fund operations. Reduce surplus fund balance to comply with the statutory …
https://www.osc.ny.gov/local-government/audits/school-district/2019/08/09/canaseraga-central-school-district-financial-management-2019m-104Alfred-Almond Central School District - Financial Management (2019M-131)
… of fund balance that will be used to fund operations. Reduce surplus fund balance to comply with the statutory …
https://www.osc.ny.gov/local-government/audits/school-district/2019/09/06/alfred-almond-central-school-district-financial-management-2019m-131Brasher Falls Central School District – Financial Condition (2019M-158)
… expenditures or needed reserves, pay off debt and/or reduce property taxes. Develop a comprehensive multiyear …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/25/brasher-falls-central-school-district-financial-condition-2019m-158Town of Hamden – Financial Condition (2013M-86)
… real property taxes) to fund appropriation increases and reduce reliance on fund balance. Monitor the budget-to-actual …
https://www.osc.ny.gov/local-government/audits/town/2013/06/28/town-hamden-financial-condition-2013m-86Oysterponds Union Free School District - Financial Management (2019M-217)
Determine whether the Board and District officials provided adequate oversight and management of the Districts budget and financial condition
https://www.osc.ny.gov/local-government/audits/school-district/2020/01/17/oysterponds-union-free-school-district-financial-management-2019m-217Tri-Valley Central School District - Financial Management (2020M-17)
Determine whether the Board and District officials properly managed fund balance
https://www.osc.ny.gov/local-government/audits/school-district/2020/03/06/tri-valley-central-school-district-financial-management-2020m-17Genesee Valley Central School District - Financial Management (2019M-231)
… of fund balance that will be used to fund operations. Reduce surplus fund balance to comply with the statutory …
https://www.osc.ny.gov/local-government/audits/school-district/2020/02/21/genesee-valley-central-school-district-financial-management-2019m-231IX.10.A Federal Treasury Offset Program (TOP) Purpose and Scope – IX. Federal Grants
… The Department of Treasury is empowered to withhold or reduce certain federal payments for the purpose of collecting …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix10a-federal-treasury-offset-program-top-purpose-and-scopeTown of Corning – Financial Condition (2020M-13)
… revenues (until 2019), overestimated appropriations and failed to use most of the appropriated fund balance for … actual expenditures. Did not develop multiyear financial and capital plans or adopt a reasonable fund balance policy. … The Board should: Ensure the estimates for revenues and appropriations are reasonable based on historical or …
https://www.osc.ny.gov/local-government/audits/town/2020/08/14/town-corning-financial-condition-2020m-13Putnam Central School District – Fund Balance Management (2020M-27)
… one-time expenditures and reserves, pay off debt or to reduce District property taxes. Adopt annual budgets with …
https://www.osc.ny.gov/local-government/audits/school-district/2020/07/10/putnam-central-school-district-fund-balance-management-2020m-27Village of Hilton - Financial Management (2020M-31)
… and which appropriate a reasonable amount of fund balance. Reduce surplus fund balances in a manner that benefits …
https://www.osc.ny.gov/local-government/audits/village/2020/06/05/village-hilton-financial-management-2020m-31Town of Otsego – Financial Condition (2013M-307)
… August 20, 2013. Background The Town of Otsego is located in Otsego County and includes a portion of the Village of … been. While the Board appropriated more than $1.4 million in fund balance to fund operations in these four years, it actually used $350,672 (24 percent) …
https://www.osc.ny.gov/local-government/audits/town/2014/08/20/town-otsego-financial-condition-2013m-307Sherburne-Earlville Central School District – Emplolyee Benefits (2024M-67)
… employees’ leave accruals and accurately paid employees’ separation payments. Key Findings Officials did not always … employees’ leave accruals, accurately pay employees’ separation payments, reduce leave balances when leave … for maintaining leave accrual records or to ensure that separation payments were made in accordance with appropriate …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/04/sherburne-earlville-central-school-district-emplolyee-benefits-2024m-67South Glens Falls Central School District - Fund Balance (2018M-90)
… to fund one-time expenditures and needed reserves or to reduce District property taxes. Correct accounting records …
https://www.osc.ny.gov/local-government/audits/school-district/2019/04/05/south-glens-falls-central-school-district-fund-balance-2018m-90Portville Central School District - Financial Management (2018M-245)
… of fund balance that will be used to fund operations. Reduce unrestricted fund balance to within the statutory …
https://www.osc.ny.gov/local-government/audits/school-district/2019/03/29/portville-central-school-district-financial-management-2018m-245Webster Central School District - Financial Condition (2018M-109)
… the District’s finances by adopting realistic budgets and ensuring unrestricted fund balance remained within … balance exceeded the 4 percent statutory limit for 2012-13 and 2014-15 through 2016-17 ranging from 7.3 and 7.7 percent. Key Recommendations Ensure that the …
https://www.osc.ny.gov/local-government/audits/school-district/2018/09/14/webster-central-school-district-financial-condition-2018m-109North Warren Central School District – Financial Condition Management (2017M-197)
… to fund one-time expenditures and needed reserves or reduce District property taxes. Review all reserves to …
https://www.osc.ny.gov/local-government/audits/school-district/2018/01/12/north-warren-central-school-district-financial-condition-management-2017mMeridale Rural Fire District - Management of Fund Balance (2018M-178)
… Reduce the amount of unassigned fund balance and use the excess as a financing source to benefit District taxpayers by funding one-time expenditures and needed reserves, paying down debt and reducing real property taxes. Adopt realistic budgeted …
https://www.osc.ny.gov/local-government/audits/fire-district/2018/11/30/meridale-rural-fire-district-management-fund-balance-2018m-178