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Examples from GASB Statement 34 - Sample City Balance Sheet Governmental Funds
… Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental … 1,655,366 1,076,376 13,175,487 9,362,405 9,623,472 34,893,106 Total liabilities and fund balances $9,408,550 … separate reconciliation .) … Examples from GASB Statement 34 Sample City Balance Sheet Governmental Funds …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-2Western New York Maritime Charter School - Student Enrollment and Billing (2019M-176)
… Determine whether student enrollment and billings to school districts of residence are accurate and supported. … contracted accounting firm. An incorrect formula was used to calculate State aid attributable to special education students, resulting in one district of …
https://www.osc.ny.gov/local-government/audits/charter-school/2019/11/22/western-new-york-maritime-charter-school-student-enrollment-and-billingContract Advisory No. 21
… the EE1 Upgrade to SFS 9.2 and Correcting Off-Contract Payments Guidance: The Office of the State Comptroller, in conjunction with the Statewide Financial System (SFS), …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/21-reminder-update-and-pre-encumber-contracts-converted-during-ee1-october-2015State Agencies Bulletin No. 1700
… from $18,500 to $19,000. An additional deferment is available to employees age 50 and over. These employees can … The Deferred Compensation “Retirement Catch-Up” provision, available to employees in each of the last three years prior … of $38,000 for calendar year 2019. Employees are not eligible to choose both the “Retirement Catch-Up” and the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1700-deferred-compensation-maximum-contribution-limits-calendar-year-2019DiNapoli: Former Hannibal Fire Chief and Father Arrested
… Attorney Anthony J. DiMartino, Jr., and the New York State Police today announced the arrest of former Hannibal Fire … important because they ensure the public’s trust in our not-for-profit and volunteer agencies.” New York State Police …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-former-hannibal-fire-chief-and-father-arrestedCity of Syracuse – Water System Cybersecurity (2019M-173)
… implemented information technology (IT) security controls to safeguard water system operations against unauthorized … Key Findings Network and local user accounts were not properly managed. Officials did not establish a process … on water system cybersecurity threats. The City did not have service level agreements (SLAs) with its IT vendors. In …
https://www.osc.ny.gov/local-government/audits/city/2020/06/26/city-syracuse-water-system-cybersecurity-2019m-173Health Sciences Charter School - Student Enrollment and Billing (2019M-99)
… Determine whether student enrollment and billings to school districts of residence are accurate and supported. … School did not: Correctly calculate State aid attributable to students receiving special education services. As a … (SED) guidelines. Use the correct number of school days to calculate tuition for 85 students who attended the School …
https://www.osc.ny.gov/local-government/audits/charter-school/2019/07/26/health-sciences-charter-school-student-enrollment-and-billing-2019m-99Town of Alden – Town Supervisor (2024M-105)
… records and provided sufficient financial reports to the Town Board (Board). Key Findings The former Supervisor did not always follow basic accounting principles by preparing or … officials completed bank reconciliations that should have been completed in prior years. Provide the Board with …
https://www.osc.ny.gov/local-government/audits/town/2025/05/30/town-alden-town-supervisor-2024m-105The Increasing Threat of Identity Theft
Identity theft cases surged in New York State in 2020, inflicting financial losses on individuals and threatening disruption to government programs as well as private financial institutions.
https://www.osc.ny.gov/files/reports/pdf/increasing-threat-of-identity-theft.pdfPandemic and Recovery: Local Government Finances and Federal Assistance - Lessons from the Mid-Hudson Region
The case studies described in this report provide insight into some of the fiscal challenges that the COVID-19 pandemic presented to individual local governments in 2020.
https://www.osc.ny.gov/files/local-government/publications/pdf/pandemic-and-recovery-lessons-from-the-mid-hudson-region.pdfState Comptroller DiNapoli Statement on the Governor's 2025 State of the State Address
… statement today regarding Gov. Kathy Hochul's State of the State Address: "Today, Gov. Hochul outlined her new … help New Yorkers address affordability and improve quality of life in our state. “Many of New York's families are feeling squeezed by the high cost …
https://www.osc.ny.gov/press/releases/2025/01/state-comptroller-dinapoli-statement-governors-2025-state-state-addressTown of Wawarsing – Napanoch Water District Rents and Assessments (2016M-186)
… of District boundaries, ad valorem assessments were not levied on all properties within the District. We found that some meters were broken and had not been operating or repaired since March 2011. The Board did not establish procedures to provide guidance to the clerk or …
https://www.osc.ny.gov/local-government/audits/town/2016/09/30/town-wawarsing-napanoch-water-district-rents-and-assessments-2016m-186DiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… of payroll. "After three years of rate reductions, pension contribution rates will remain stable for our … said. "While the financial markets have been volatile, our pension fund remains one of the strongest and best funded in … The median assumed rate of return for public pension funds is 7.62, according to a February 2016 brief issued by …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18Rye Neck Union Free School District – Mental Health Training Component of the New York SAVE Act (S9-21-34)
… did not provide mental health training to any staff for the 2020-21 school year by September 15, 2020 as required … did not maintain documentation to support attendance for training and we were unable to determine which staff … address recognition of the warning signs, whom to turn to for assistance, and how to access appropriate services. …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/08/rye-neck-union-free-school-district-mental-health-training-component-newXV.13 Federal Funds – Payments – XV. End of Year
… Submission of a transaction after the dates specified may not provide OSC sufficient time to conclude its review prior …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv13-federal-funds-paymentsTown of Sidney – Supervisor’s Disbursements (2015M-214)
… $2.2 million. Key Findings The Supervisor does not review bank statements or canceled check images to verify … the Supervisor’s approval of payroll. The Board did not perform annual audits of the Supervisor’s records. Key …
https://www.osc.ny.gov/local-government/audits/town/2015/11/20/town-sidney-supervisors-disbursements-2015m-214Oversight of Casino Revenues and Regulatory Oversight Reimbursement Collections (Follow-Up)
… casino remittances are defined in compacts (agreements with the State). The Commission has officials at each of the … VLT, and tribe/nation casinos to ensure compliance with gaming regulations and tribe/nation compacts and collect …
https://www.osc.ny.gov/state-agencies/audits/2021/05/05/oversight-casino-revenues-and-regulatory-oversight-reimbursement-collections-followState Agencies Bulletin No. 1579
… changes to New York City withholding taxes for employees with taxable income of $500,000 or less per year. Effective … OSC will update the New York City withholding tax table with the rates prescribed in publication NYS-50-T-NYC (New …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1579-new-york-city-withholding-tax-changeMinerva Central School District – Payroll (2016M-18)
… Purpose of Audit The purpose of our audit was to determine if District officials implemented payroll policies and procedures to ensure that employee pay was accurate for the period July 1, 2014 through November … Background The Minerva Central School District is located in the Town of Minerva in Essex County and the Town of …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/01/minerva-central-school-district-payroll-2016m-18Improper Managed Care Payments for Certain Medicaid Recipients (Follow-Up)
… Purpose To determine the extent of implementation of the five recommendations made in our audit report, Improper Managed Care Payments for … implemented, two were partially implemented, and one was not implemented. Key Recommendation Officials are given 30 …
https://www.osc.ny.gov/state-agencies/audits/2015/01/20/improper-managed-care-payments-certain-medicaid-recipients-follow