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City of Fulton – Fiscal Stress (2013M-310)
… a significant reduction in the City’s unexpended surplus funds from 2010 to 2012. During that period, the unexpended surplus funds remaining at year end declined 84 percent − from … setting forth the reasonable amounts of unexpended surplus funds that the City should maintain. Reduce reliance on fund …
https://www.osc.ny.gov/local-government/audits/city/2013/11/22/city-fulton-fiscal-stress-2013m-310Valhalla Union Free School District – Financial Condition (2015M-333)
… real property taxes than necessary. Use the excess reserve funds identified in this report in a manner that benefits … residents. These purposes include using the reserve funds for their established purpose and transferring excess reserve funds to unrestricted fund balance, where allowed by law, or …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/25/valhalla-union-free-school-district-financial-condition-2015m-333Village of Endicott – Budget Review (B4-13-8)
… budget for the general, electric, library, and parking funds are reasonable. The water and sewer funds’ tentative budgets are not balanced and include a … Recommendation Address the deficits in the water and sewer funds prior to adopting the budget to avoid adopting …
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
… budget balance for the city. Fueled by a record level of personal income taxes ($14.9 billion) and corporate taxes … a $500 million deposit into the Rainy Day Fund, a first of its kind. “New York City’s economy is bouncing back. … from COVID-19 will take time,” DiNapoli said. “While I am encouraged by the deposit to the Rainy Day Fund, …
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
… GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting Standards Board, 401 Merritt 7, … and Changes in Fund Net Assets Proprietary Funds For the Year Ended December 31, 2002 Business-Type Activities …
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)
… 1, 2010, to June 30, 2012. Background The Town of Argyle is located in Washington County and includes the Village of …
https://www.osc.ny.gov/local-government/audits/town/2013/03/11/town-argyle-town-clerk-and-budgeting-2012m-231Village of Pomona – Financial Condition (2015M-272)
… Purpose of Audit The purpose of our audit was to examine the Village’s financial condition … Village officials have not developed a multiyear plan to address the Village’s deficits. The Board allowed budget line …
https://www.osc.ny.gov/local-government/audits/village/2015/12/31/village-pomona-financial-condition-2015m-272Floral 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)
… Purpose of Audit The purpose of our audit was to review the Town’s … through December 12, 2016. Background The Town of Wales is located in Erie County and has a population of … balances totaling $1.2 million in the general and highway funds. The Board did not adopt a reserve fund policy or …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-wales-financial-management-2017m-32Village of Morris – Fund Balance (2017M-58)
… was to evaluate the Village’s fund balance management for the period June 1, 2015 through February 1, 2017. … Morris is located in the Town of Morris in Otsego County and serves approximately 600 residents. The Village is … expenditures, funding needed reserves and reducing real property taxes. Adopt budget estimates for revenues and …
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
… and the Legislature have boosted the state’s rainy-day funds and other reserves for economic uncertainties, and these funds should be retained for emergencies. It is important to … use of these reserves. In addition to protecting reserve funds, policymakers must ensure that this year’s budget …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-thomas-p-dinapoli-statement-executive-budgetOwego Apalachin Central School District – Capital Project and Financial Condition (2014M-109)
… audit was to examine certain District financial activities for the period July 1, 2012 through December 16, 2013. … 2,200 students. General fund budgeted appropriations for the 2013-14 fiscal year are $42.4 million. Key Findings While the Board planned properly for the ongoing capital project, monitoring the project’s …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/22/owego-apalachin-central-school-district-capital-project-and-financialOpinion 96-4
… intervals (General Municipal Law, §6-d), to pay debt service on bonds having a maximum maturity five years or more …
https://www.osc.ny.gov/legal-opinions/opinion-96-4Town of Solon - Financial Management (2018M-233)
… operational and capital needs in the general and highway funds. Key Findings From December 31, 2014 through December … Towns operational and capital needs in general highway funds …
https://www.osc.ny.gov/local-government/audits/town/2019/02/01/town-solon-financial-management-2018m-233DiNapoli: Former Town Clerk Arrested in Mayfield Theft
… Former Mayfield Town Clerk Dorothy Hart was arrested today for allegedly pocketing thousands of dollars in public funds, … District Attorney Chad Brown and New York State Police for their diligent work in helping us hold Ms. Hart … the public to help fight fraud and abuse. New Yorkers can report allegations of fraud involving taxpayer money by …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-former-town-clerk-arrested-mayfield-theftFormer Perry Ambulance Service Manager Pleads Guilty To Larceny
… more than $5,000 from ambulance funds, according to New York State Comptroller Thomas P. DiNapoli and Wyoming County …
https://www.osc.ny.gov/press/releases/2020/01/former-perry-ambulance-service-manager-pleads-guilty-larcenySky Light Center Inc. – Supported Housing Program
… Sky Light Center, Inc. (Sky Light) officials expended funds appropriately and provided the required services under … officials cannot account for over $75,000 in contingency funds that were to be used specifically for client housing … regarding the use of Program monies and contingency funds. Determine whether any contingency funds were used for …
https://www.osc.ny.gov/state-agencies/audits/2014/05/05/sky-light-center-inc-supported-housing-programNew York State Debt
… Properly used, debt plays an essential role in government, providing funds to build schools, hospitals, … Study 2017 2013 2010 2008 Official Statements - State of New York General Obligation Bonds 2025ABC State of New York General Obligation Bonds, March 2025 2023ABCD State of New York General Obligation Bonds, …
https://www.osc.ny.gov/debtComptroller DiNapoli and A.G. Schneiderman Announce Indictment of NYC Councilman Ruben Wills In Public Corruption Scheme
… a shameful breach of the trust his constituents placed in him,” said Attorney General Schneiderman. “New Yorkers are repeatedly asked to have faith in our leaders, and it appears that faith has been shattered … I thank Attorney General Schneiderman for his hard work in pursuing this matter and working with us to fight public …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-and-ag-schneiderman-announce-indictment-nyc-councilman-ruben-wills-publicAkron Man Pleads Guilty to Stealing FEMA Grant Funding Intended for Education Expenses
… money was used for, among other things: payments on a Yard Card, Discover Card, and FIA Card, which were used to buy a truck, lawnmower … to serve the public as firefighters and first responders without the added burden and stress of having to figure out …
https://www.osc.ny.gov/press/releases/2019/07/akron-man-pleads-guilty-stealing-fema-grant-funding-intended-education-expenses