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Fund Financial Data – 2022 Financial Condition Report
… reported in other governmental funds. The accumulated fund balance is the amount of funds available at the end of the … fiscal year. The operating result is the amount the fund balance increased or decreased during the year. General Fund Balance (GAAP Basis) Increases From Prior Year At the end of …
https://www.osc.ny.gov/reports/finance/2022-fcr/fund-financial-dataDiNapoli: Audit Reveals Hiring and Budgeting Problems in Brentwood School District
… it actually is. As a result, the district withheld funds from being used. As part of the audit, DiNapoli made a series …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-audit-reveals-hiring-and-budgeting-problems-brentwood-school-districtComptroller DiNapoli, A.G. Schneiderman & Acting Tax Commissioner Manion Announce $4.3 Million Settlement With Owners of For-Profit School Network for Overcharging State; Failing To Pay Taxes
… Bureau Chief Thomas Teige Carroll and Deputy Bureau Chief Scott Spiegelman. The Taxpayer Protection Bureau, which …
https://www.osc.ny.gov/press/releases/2016/10/comptroller-dinapoli-ag-schneiderman-acting-tax-commissioner-manion-announce-43-million-settlementWestchester Attorney Indicted for Fraud and False Statement Charges Arising From His Attempt to Embezzle From a Decedent's Estate for Which He Was Court-Appointed Administrator
… statements. These charges arise from PARISI's attempt to embezzle funds from a decedent's estate for which he … abused the trust placed in him by allegedly attempting to pocket millions of dollars meant for the beneficiaries by … law enforcement partners uphold the truth and those who do not must face justice." According to the allegations …
https://www.osc.ny.gov/press/releases/2018/08/westchester-attorney-indicted-fraud-and-false-statement-charges-arising-his-attempt-embezzleMechanicville City School District – Financial Condition (2017M-93)
… realistic budgets and if it kept the unrestricted fund balance within statutory limits for the period July 1, 2013 … million and appropriated a total of $2.5 million in fund balance that was not used to finance operations. The Board … and capital plans that would define how unrestricted fund balance would be used. The District’s fund balance increased …
https://www.osc.ny.gov/local-government/audits/school-district/2017/09/29/mechanicville-city-school-district-financial-condition-2017m-93City of Yonkers – Financial Operations (2017M-119)
… proceeds. The Council has continued to appropriate fund balance in the City’s budget without using it. For the fiscal year ending 2015-16, nonspendable fund balance was overstated by approximately $4 million. The City did not perform internal audits or establish a fund balance policy. Key Recommendations Review unused debt …
https://www.osc.ny.gov/local-government/audits/city/2018/04/13/city-yonkers-financial-operations-2017m-119Vestal Central School District – Fund Balances (2017M-91)
… Background The Vestal Central School District is located in the Towns of Vestal and Binghamton in Broome County and the Town of Owego in Tioga County. The … amounts to unassigned fund balance, where allowed by law, or other reserves established and maintained in …
https://www.osc.ny.gov/local-government/audits/school-district/2017/07/28/vestal-central-school-district-fund-balances-2017m-91Village of Round Lake – Budgeting Practices and Financial Condition (2015M-26)
… Board consistently adopted budgets that appropriated fund balance from the water and sewer funds. Consistent appropriation of fund balance and significant unplanned repair costs resulted in a decline in water fund balance from $164,063 at the start of the 2011-12 fiscal year …
https://www.osc.ny.gov/local-government/audits/village/2015/05/22/village-round-lake-budgeting-practices-and-financial-condition-2015m-26Sweet Home Central School District – Financial Management (2022M-166)
… (Board) and District officials properly managed fund balance and reserve funds. Key Findings District officials did not properly manage fund balance. They improperly encumbered funds and improperly … necessary to fund operations. Recalculated surplus fund balance exceeded the statutory limit by $7.2 million …
https://www.osc.ny.gov/local-government/audits/school-district/2023/03/31/sweet-home-central-school-district-financial-management-2022m-166Chatham Central School District – Financial Management (2023M-11)
… (Board) and District officials properly managed fund balance and reserves. Key Findings The Board and District officials did not properly manage fund balance and reserves . The Board and District officials’ consistent practice of appropriating fund balance that is not needed and maintaining unreasonable …
https://www.osc.ny.gov/local-government/audits/school-district/2023/08/11/chatham-central-school-district-financial-management-2023m-11East Moriches Union Free School District – Financial Condition Management (2022M-1)
… balance is enough to cover annual retirement contributions for nine years. Key Recommendations Develop and adopt …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/17/east-moriches-union-free-school-district-financial-condition-managementPrattsburgh Central School District – Financial Management (2020M-108)
… necessary to fund operations. The Board appropriated fund balance totaling $1.13 million for fiscal years 2016-17 … that it exceeded the 4 percent statutory surplus fund balance limit, however when unused appropriated fund balance is added back, surplus fund balance exceeded the …
https://www.osc.ny.gov/local-government/audits/school-district/2020/12/18/prattsburgh-central-school-district-financial-management-2020m-108State Comptroller DiNapoli Releases School Audits
… not adopted realistic budgets or effectively managed fund balance and have allowed unrestricted fund balance to exceed the statutory limit of 4 percent for the past three fiscal years. When unused appropriated fund balance is added back, unrestricted fund balance exceeded the …
https://www.osc.ny.gov/press/releases/2016/10/state-comptroller-dinapoli-releases-school-audits-0State Comptroller DiNapoli Releases Municipal Audits
… the following local government audits were issued. Town of Albion – Financial Management (Orleans County) The board … fund balance to decline 65% from $1,165,418 as of Jan. 1, 2018 to $403,003 as of Dec. 31, 2020.If the board continues to use fund balance …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-auditsWantagh Union Free School District – Financial Condition (2016M-363)
… million. Key Findings District officials appropriated fund balance which was not needed to finance operations because of … surpluses. When adding back unused appropriated fund balance, the District’s recalculated unrestricted fund balance exceeded the statutory limit. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/09/wantagh-union-free-school-district-financial-condition-2016m-363Town of Brandon - Financial Condition (2019M-239)
… budgetary practices have resulted in the highway fund balance declining from $58,241 on January 1, 2017 to $5,714 … not have a policy to maintain a reasonable level of fund balance. The Board has not adopted a long-term financial or … appropriations and appropriating unavailable fund balance to finance operations. Develop and adopt a fund …
https://www.osc.ny.gov/local-government/audits/town/2020/04/24/town-brandon-financial-condition-2019m-239City of Yonkers – Budget Review (B18-6-6)
… budget. The appropriations for overtime (firefighting and police) and workers’ compensation insurance could be … appropriation. The lack of a contingency fund, along with the decrease in the City’s unassigned fund balance, …
https://www.osc.ny.gov/local-government/audits/city/2018/05/18/city-yonkers-budget-review-b18-6-6State Comptroller DiNapoli Releases School District Audits
… district did not need to use most of the appropriated fund balance for operations. The surplus fund balance in the general fund exceeded the 4 percent statutory … past three fiscal years. As of June 30, 2019, surplus fund balance was $1.75 million, or 12.8 percent of the next year’s …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-dinapoli-releases-school-district-auditsLong Beach City School District – Financial Management (2023M-147)
… plans in a transparent manner. While real property tax levies remained the same since 2020-21, the District’s budgeting practices resulted in tax levies being higher than necessary. The Board and …
https://www.osc.ny.gov/local-government/audits/school-district/2024/08/09/long-beach-city-school-district-financial-management-2023m-147Andover Central School District - Financial Management (2018M-145)
… appropriate action to address the reasonableness of fund balance and reserves. Key Findings The Board annually appropriated fund balance that was not used to finance operations and adopted … 2016-17, which made it appear that unrestricted fund balance was within the statutory limit each year. When these …
https://www.osc.ny.gov/local-government/audits/school-district/2018/10/19/andover-central-school-district-financial-management-2018m-145