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C.H. Evans Hook and Ladder Company No. 3 – Missing Funds (2013M-194)
… with fire equipment, safety gear, and a fire house, and funds the Company’s operations. Key Findings The President … apparently misappropriated nearly $34,000 of the Company’s funds during the period October 2009 to December 2012. In … Recommendations Seek reimbursement for the misappropriated funds. Develop internal controls over the cash disbursement …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/11/01/ch-evans-hook-and-ladder-company-no-3-missing-funds-2013m-194Andover Central School District - Financial Management (2018M-145)
… and took appropriate action to address the reasonableness of fund balance and reserves. Key Findings The Board annually … budgets that overestimated appropriations by a total of approximately $3 million (13 percent) from 2014-15 through … District officials disagreed with certain aspects of our findings and recommendations, but indicated they planned …
https://www.osc.ny.gov/local-government/audits/school-district/2018/10/19/andover-central-school-district-financial-management-2018m-145City of Batavia – Business Improvement District (2017M-283)
… Purpose of Audit The purpose of our audit was to determine whether City officials properly … 1, 2015 through September 14, 2017. Background The City of Batavia is located in Genesee County. The City has …
https://www.osc.ny.gov/local-government/audits/city/2018/04/06/city-batavia-business-improvement-district-2017m-283Wyoming Central School District – Financial Management (2016M-67)
… County and the Towns of Attica, Covington, Middlebury, Perry and Warsaw in Wyoming County. The District, which …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/wyoming-central-school-district-financial-management-2016m-67Owego Apalachin Central School District – Capital Project and Financial Condition (2014M-109)
… Purpose of Audit The purpose of our audit was to examine certain District financial … budgets that include estimates for expenditures based on contractual and historical data. Develop a formal plan to …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/22/owego-apalachin-central-school-district-capital-project-and-financialVillage of Pomona – Financial Condition (2015M-272)
… examine the Village’s financial condition for the period June 1, 2014 through July 10, 2015. Background The Village of …
https://www.osc.ny.gov/local-government/audits/village/2015/12/31/village-pomona-financial-condition-2015m-272Valhalla Union Free School District – Financial Condition (2015M-333)
… Board of Education. Budgeted appropriations for the 2015-16 fiscal year are approximately $47 million. Key Findings The Board … Develop realistic budgets based on the prior year’s actual results and anticipated operating costs and …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/25/valhalla-union-free-school-district-financial-condition-2015m-333Village of Morris – Fund Balance (2017M-58)
… Purpose of Audit The purpose of our audit was to evaluate the Village’s fund balance … 1, 2015 through February 1, 2017. Background The Village of Morris is located in the Town of Morris in Otsego County …
https://www.osc.ny.gov/local-government/audits/village/2017/06/09/village-morris-fund-balance-2017m-58State Comptroller Thomas P. DiNapoli Statement on Executive Budget
… clear guidelines on the appropriate use of these reserves. In addition to protecting reserve funds, policymakers must … about the state’s debt burden, one of the highest in the nation and which continues to grow. I have put forth … a more detailed analysis of the 2024-25 Executive Budget in the coming weeks.” … New York State Comptroller Thomas P …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-thomas-p-dinapoli-statement-executive-budgetFloral Park-Bellerose Union Free School District – Financial Management (2013M-359)
… Although the Board appropriated unexpended surplus funds each year (approximately $10.3 million over a five-year … used $2.5 million (24 percent) of unexpended surplus funds for District operations. The consistent overestimation … estimates for expenditures and unexpended surplus funds. Discontinue the practice of adopting budgets that …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/14/floral-park-bellerose-union-free-school-district-financial-managementTown of Wales – Financial Management (2017M-32)
… December 12, 2016. Background The Town of Wales is located in Erie County and has a population of approximately 3,000. … unrestricted fund balances totaling $1.2 million in the general and highway funds. The Board did not adopt a … general and highway fund balances and use the excess funds in a manner that benefits Town residents. Adopt a reserve …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-wales-financial-management-2017m-32Village of Endicott – Budget Review (B4-13-8)
… Purpose of Audit The purpose of our budget review was to determine whether the significant … 2013-14 fiscal year are reasonable. Background The Village of Endicott, located in Broome County, issued debt totaling …
https://www.osc.ny.gov/local-government/audits/village/2013/04/10/village-endicott-budget-review-b4-13-8New York State Comptroller DiNapoli Statement on New York City's Adopted Budget
… steps to increase reserves, including a $500 million deposit into the Rainy Day Fund, a first of its kind. “New … take time,” DiNapoli said. “While I am encouraged by the deposit to the Rainy Day Fund, long-term risks remain, …
https://www.osc.ny.gov/press/releases/2021/06/new-york-state-comptroller-dinapoli-statement-new-york-citys-adopted-budgetExamples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets
… Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting … Sample City Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Year Ended … out (290,000) (211,409) (501,409) (175,003) Change in net assets 4,632,009 (1,412,124) 3,219,885 (758,808) Total …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-revenues-expenses-and-changes-net-assetsTown of Argyle – Town Clerk and Budgeting (2012M-231)
… Key Findings The previous Clerk used the Town’s credit card to charge personal items totaling $8,347, did not … are used for business purposes only and the monthly credit card statements are included with the monthly claims to be …
https://www.osc.ny.gov/local-government/audits/town/2013/03/11/town-argyle-town-clerk-and-budgeting-2012m-231DiNapoli: Federal Housing Aid Going Unused Despite New York's Affordable Housing Crisis
… resources to go unused.” DiNapoli’s audit examined a five-year period, from 2017 to 2021, which included the height of … Urban Development (HUD) authorized HCV vouchers. For every year from 2017 to 2022, HCR did not meet HUD’s standard that … increased significantly since 2018. During State Fiscal Year (SFY) 2017-18, 30% of the state’s 53 areas receiving HCV …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-federal-housing-aid-going-unused-despite-new-yorks-affordable-housing-crisisAkron Man Pleads Guilty to Stealing FEMA Grant Funding Intended for Education Expenses
… Jr. announced today that Richard A. Lobur, 55, of Akron, NY, pleaded before U.S. District Judge Elizabeth A. Wolford to theft of government money. The charge carries a maximum …
https://www.osc.ny.gov/press/releases/2019/07/akron-man-pleads-guilty-stealing-fema-grant-funding-intended-education-expensesNYS Comptroller DiNapoli: ExxonMobil Agrees to Assess Impacts of Climate Change
… The request, co-filed by the New York State Common Retirement Fund (the Fund) and the Church of England, received landslide support from more than 62 … to no more than 2 degrees Celsius above pre-industrial levels will affect its business and to assess the financial …
https://www.osc.ny.gov/press/releases/2017/12/nys-comptroller-dinapoli-exxonmobil-agrees-assess-impacts-climate-changeState Agencies Bulletin No. 1818
… or State Insurance Fund (00640, 00650) since their fiscal year does not expire until the end of June. Background When a … not permitted to distribute funds dated in the new fiscal year until the Legislature passes and the Governor signs the … State government. Due to the first paycheck of the fiscal year falling on the first day of the fiscal year, it is …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1818-possible-delay-direct-deposit-funds-and-paycheck-distribution-april-1DiNapoli: Energy Companies Agree to Report on Impact of Paris Agreement Goals
… carbon future. As a result, the New York State Common Retirement Fund (Fund) has withdrawn the shareholder requests … resolutions called on the companies to assess the impact of regulatory and technological efforts to mitigate climate … average temperature to well below 2°C above pre-industrial levels and pursue efforts to limit temperature increases to …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-energy-companies-agree-report-impact-paris-agreement-goals