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2018 Annual Audit
… claims totaling nearly $829 million from its four special funds in 2018 - the Uninsured Employers Fund, the Special … March 2018, the Board processed claims for all special funds using the Board’s FMIS. Claims were reviewed and approved by staff at the: (i) Board, (ii) Special Funds Conservation Committee (SFCC), or (iii) TPAs. In April …
https://www.osc.ny.gov/state-agencies/audits/2020/02/21/2018-annual-auditCleveland Hill Union Free School District – Financial Condition (2013M-272)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial condition for the period July 1, 2010 to August 12, 2013. Background The Cleveland Hill Union Free … operating surpluses, which caused unexpended surplus funds to exceed statutory limits in each of the past three years. …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/06/cleveland-hill-union-free-school-district-financial-condition-2013m-272Town of Ogden – Financial Management and Justice Court (2014M-234)
… Purpose of Audit The purpose of our audit was to assess the Town’s internal controls over … January 1, 2012 through June 5, 2014. Background The Town of Ogden is located in Monroe County and has approximately …
https://www.osc.ny.gov/local-government/audits/justice-court/2014/10/31/town-ogden-financial-management-and-justice-court-2014m-234Town of Amherst – Recording Financial Activity and Fleet Management (2013M-199)
… Purpose of Audit The purpose of our audit was to review the recording of … 1, 2011, to May 8, 2013. Background The Town of Amherst is located in Erie County with a population of 122,366 residents. An elected six-member Town Board is the legislative body responsible for overseeing the Town’s …
https://www.osc.ny.gov/local-government/audits/town/2013/10/04/town-amherst-recording-financial-activity-and-fleet-management-2013m-199Town of Almond – Internal Controls Over Selected Financial Activities (2013M-209)
… Purpose of Audit The purpose of our audit was to examine selected financial activities … from January 1, 2010, to June 7, 2013. Background The Town of Almond is located in Allegany County and has approximately …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-almond-internal-controls-over-selected-financial-activities-2013m-209City of Long Beach – Financial Condition and Cash Receipts from Recreational Activities (2013M-48)
… Purpose of Audit The purpose of our audit was to evaluate the City’s financial condition and to examine internal … County, has a population of approximately 35,000. The City is governed by its Charter and State laws. The City Council, …
https://www.osc.ny.gov/local-government/audits/city/2013/07/11/city-long-beach-financial-condition-and-cash-receipts-recreational-activities-2013mAttica Central School District – Financial Management (2016M-127)
… Properly report and use statutorily restricted money to pay related debt service expenditures in compliance with statutory requirements. Money improperly residing in the debt service fund should be …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/attica-central-school-district-financial-management-2016m-127Lackawanna City School District – Financial Condition (2014M-119)
… over $12.4 million. The District had an unexpended surplus funds deficit of $1.4 million at the end of the … the District will have exhausted all its unexpended surplus funds, a slight timing difference in cash inflows and … Develop a realistic plan to accumulate unexpended surplus funds, within the legal limit, so that the District …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/08/lackawanna-city-school-district-financial-condition-2014m-119Oysterponds Union Free School District – Financial Management, Check Signing and Information Technology
… audit was to assess selected District Financial Operations for the period July 1, 2012 through October 31, 2013. … seven elected members. The District’s expenditures for the 2012-13 fiscal year totaled $5.4 million. Key … checks under $5,000, with its Vice President as co-signer for all District checks over $5,000. The Board has not …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/28/oysterponds-union-free-school-district-financial-management-check-signingNewark Central School District – Financial Condition and Claims Processing (2016M-267)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial condition management and … and appropriated fund balance and reserves were not used to finance operations as budgeted. The District did … are not adequately segregated and mitigating controls have not been implemented. Key Recommendations Adopt budgets …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/18/newark-central-school-district-financial-condition-and-claims-processingWainscott Common School District – Financial Condition (2013M-268)
… equivalent to 68 percent of the ensuing years’ budgets, or 16 times the amount allowed by statute. For the same time … that addresses the District’s long-term operational needs or the use of unexpended surplus fund balance in a manner …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/wainscott-common-school-district-financial-condition-2013m-268XVI.4.A Cash and Investments – XVI. Financial Reporting
… financial institution’s trust department or agent but not in the depositor-government’s name. A government is exposed … the end of the period that are uninsured, not registered in the name of the government, and held by either (i) the … (ii) the counterparty’s trust department or agent but not in the government’s name. In this situation the government …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4a-cash-and-investmentsState Fiscal Year 2022-23 Enacted Budget Analysis
… measures to incentivize creation of additional child care slots in New York City. 2 Revenue Overview Based upon the … in the form of a loan, rather than “bonds or notes”), b) contractually obligating the State to repay such debt … available child care slot or where there are no available slots at all). Property owners would be able to recoup all or …
https://www.osc.ny.gov/reports/state-fiscal-year-2022-23-enacted-budget-analysisBemus Point Central School District - Financial Management (2019M-216)
… The District improperly restricted more than $260,000 in its trust and agency fund. As of June 30, 2019, surplus … comply with the statutory limit and use the excess funds in a manner beneficial to taxpayers. District officials … action. Appendix B includes our comments on issues raised in the District’s response. … Determine whether the Board and …
https://www.osc.ny.gov/local-government/audits/school-district/2020/02/14/bemus-point-central-school-district-financial-management-2019m-216Village of Ballston Spa - Financial Condition (2017M-256)
… and failed to file required annual financial reports for the last four fiscal years. The Board did not adequately …
https://www.osc.ny.gov/local-government/audits/village/2018/10/05/village-ballston-spa-financial-condition-2017m-256Comptroller DiNapoli Releases Municipal Audits
… municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being … bank and deposit slips did not include sufficient detail to verify that all moneys collected were deposited. Village … holds seven individual life insurance policies with face values totaling $400,000 for its four administrators. …
https://www.osc.ny.gov/press/releases/2014/06/comptroller-dinapoli-releases-municipal-auditsComptroller DiNapoli and A.G. Schneiderman Announce Sentencing of Former West Ghent Volunteer Fire Company Treasurer Who Embezzled Funds to Bankroll Personal Business
… and Attorney General Eric T. Schneiderman today announced the sentencing of Gail E. Cesternino, the former West Ghent … Fire Company treasurer, for embezzling fire company money to bankroll her personal business. Cesternino was sentenced to 30 days in jail followed by five years’ probation, and …
https://www.osc.ny.gov/press/releases/2017/08/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-former-west-ghent-volunteer-fire-companyComptroller DiNapoli Releases School Audits
… today announced his office completed audits of the Dryden Central School District , New Rochelle City School District , … Jefferson Union Free School District and the Portville Central School District . “In an era of limited resources and …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-school-audits-1Former Treasurer of Putnam Engine & Hose Co. of the Port Chester Volunteer Fire Dept. Pleads Guilty to Embezzling More Than $38,000
… federal court and pled guilty today before U.S. Magistrate Judge Paul E. Davison. This case has been assigned to U.S. District Judge Nelson S. Román. New York State Comptroller Thomas P. …
https://www.osc.ny.gov/press/releases/2018/12/former-treasurer-putnam-engine-hose-co-port-chester-volunteer-fire-dept-pleads-guilty-embezzling-moreRevenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… cash management assures that investments are optimized for the best possible return for taxpayers. We strongly … and other balances that could be invested longer term in investments allowable by law. Accelerate Collection and … for the collection of receipts, such as property taxes, so that payments can be made directly to your local …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districts