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XVI.2 Financial Reporting Policies – XVI. Financial Reporting
… Finance Law requires the Comptroller to prepare periodic financial reports in accordance with GAAP. GASB Statements and Interpretations are the main sources for GAAP …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi2-financial-reporting-policiesDolgeville Central School District – Fuel Monitoring (2023M-175)
… or take a periodic physical inventory of diesel fuel on hand. Consequently, no fuel reconciliations were … A periodic reconciliation of purchases, usage and fuel on hand can determine whether significant amounts of fuel are …
https://www.osc.ny.gov/local-government/audits/school-district/2024/02/16/dolgeville-central-school-district-fuel-monitoring-2023m-175State Agencies Bulletin No. 779
… Veterans annuity increase. Affected Employees Pensioners and beneficiaries in Agency 01130, Division of Veterans' Affairs - Blind … section shall be the same amount as the annuity payable in the preceding year plus a percentage adjustment equal to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/779-2008-blind-veterans-annuity-increaseInspecting Highway Bridges and Repairing Defects (Follow-Up)
… included in our initial report, Inspecting Highway Bridges and Repairing Defects ( 2012-S-34 ). Background Our initial … on May 19, 2014, found that the Port Authority of New York and New Jersey (Authority) did not follow the New York State … (Department) requirements for classifying, reporting and repairing bridge defects. Instead, the Authority followed …
https://www.osc.ny.gov/state-agencies/audits/2016/06/30/inspecting-highway-bridges-and-repairing-defects-followState Agencies Bulletin No. 1055
… a bond prior to OSC’s termination of Deduction Code 101 on November 18, 2010 Effective Date(s) Paychecks dated … dated 03/16/11. The refund amount will be reflected on Check/Advice Statements under “AFTER TAX DEDUCTIONS”. The …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1055-refunds-deduction-code-101-bondsPoland Volunteer Fire Company, Inc. - Financial Activities (2019M-218)
… The Board did not ensure Company claims were audited on a monthly basis as required by its bylaws. The Board … take corrective action. Appendix B includes our comment on an issue raised in the Company’s Response. … Determine …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2020/02/14/poland-volunteer-fire-company-inc-financial-activities-2019mTown of Hamden – Financial Condition (2013M-86)
… which comprises five elected members – the Town Supervisor and four Board members – governs the Town. The Town’s 2013 … Key Findings The Board has not properly monitored budgets and managed fund balance in the general fund. The Board has … as real property taxes) to fund appropriation increases and reduce reliance on fund balance. Monitor the …
https://www.osc.ny.gov/local-government/audits/town/2013/06/28/town-hamden-financial-condition-2013m-86Saranac Central School District - School District Website (S9-19-30)
… a multiyear financial plan and detailed CAPs are on the website. District officials generally disagreed with … take corrective action. Appendix C includes our comments on issues District officials raised in their response. … …
https://www.osc.ny.gov/local-government/audits/school-district/2021/03/23/saranac-central-school-district-school-district-website-s9-19-30Overview – Information Technology Contingency Planning
… In general, a business continuity plan focuses on strategies for sustaining an organization’s critical business …
https://www.osc.ny.gov/local-government/publications/it-contingency-planning/overviewState Agencies Bulletin No. 1807
The purpose of this bulletin is to provide agencies with instructions for submitting the January 1 2020 salary increases
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1807-january-1-2020-salary-increases-executive-law-section-169-commissionersVictor Central School District - Financial Management (2019M-62)
… Key Findings The Board and District officials: Adopted conservative budgets that resulted in circumventing the …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/21/victor-central-school-district-financial-management-2019m-62Town of Corning – Financial Condition (2020M-13)
… complete report - pdf ] Audit Objective Determine whether the Board effectively managed the Town’s financial condition. Key Findings The Board: Adopted budgets that underestimated revenues …
https://www.osc.ny.gov/local-government/audits/town/2020/08/14/town-corning-financial-condition-2020m-13Town of Middlefield – Budgeting (2015M-109)
… the Board’s practices regarding adopting, monitoring and controlling the budgets for the period January 1, 2013 … The Town of Middlefield is located in Otsego County and has a population of approximately 2,100. The Town is … The Board consistently adopted unrealistic budgets and relied on one-time revenues to fund operations. The Board …
https://www.osc.ny.gov/local-government/audits/town/2015/08/14/town-middlefield-budgeting-2015m-109State Agencies Bulletin No. 140
… dues (code 224) and agency shop fee (code 230) are based on an employee's annual salary, pay basis code, and … working part-time, the dues or agency shop fee is based on the annual salary adjusted by the part-time percentage. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/140-dc-37-local-1359-dues-and-agency-shop-fee-increaseAssessable Expenses of Administering the Motor Vehicle Financial Security Act and Motor Vehicle Safety Responsibility Act for the Four State Fiscal Years Ended March 31, 2018
… of administering the Acts, and assessing these expenses on insurance carriers that issue policies or contracts of … Acts for the four State Fiscal Years ended March 31, 2018. On average, the Department incurred $20.4 million in expenses …
https://www.osc.ny.gov/state-agencies/audits/2019/09/11/assessable-expenses-administering-motor-vehicle-financial-security-act-and-motor-vehicleSpringville-Griffith Institute Central School District – Financial Management (2015M-221)
… or that correct entries were made for interfund loans on fund ledgers. District officials did not always pay … amount owed by each fund. Ensure that the payroll is based on contractual or Board-approved pay rates and supported by …
https://www.osc.ny.gov/local-government/audits/school-district/2016/01/08/springville-griffith-institute-central-school-district-financialSelected Aspects of Bus Fleet Maintenance Report (Follow-Up)
… in our initial audit report, Selected Aspects of Bus Fleet Maintenance (Report 2009-S-51). Background Our initial … standards and procedures for the maintenance of its bus fleet, (2) performs bus maintenance in compliance with these …
https://www.osc.ny.gov/state-agencies/audits/2013/07/11/selected-aspects-bus-fleet-maintenance-report-followClyde-Savannah Central School District – Financial Condition (2015M-338)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial … Central School District is located in the Towns of Butler, Galen, Lyons, Rose and Savannah in Wayne County and the Towns of Junius and Tyre in Seneca County. The District, which …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/11/clyde-savannah-central-school-district-financial-condition-2015m-338Fabius-Pompey Central School District – Information Technology (2016M-237)
… management of network user accounts and security settings for the period July 1, 2014 through February 29, 2016. … seven-member Board of Education. Budgeted appropriations for the 2014-15 fiscal year totaled approximately $17.3 …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/10/fabius-pompey-central-school-district-information-technology-2016m-237Assessment of Costs to Administer the Workers’ Compensation Program for the Three State Fiscal Years Ended March 31, 2023
… Objective To ascertain the total expenses that the Workers’ … 2023. About the Program The Board’s primary responsibility is to ensure that employees who are unable to work due to … Coverage for these benefits, with limited exception, is to be provided by employers. Costs to administer the …
https://www.osc.ny.gov/state-agencies/audits/2024/10/09/assessment-costs-administer-workers-compensation-program-three-state-fiscal-years-ended