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Town of Haverstraw - Financial Condition (2019M-52)

… adopted realistic budgets and took appropriate action to address the reasonableness of fund balance. Key Findings Town budgeting practices … is projected to increase to $22.8 million at the end of 2018. The Board appropriated fund balance ranging from …

https://www.osc.ny.gov/local-government/audits/town/2019/05/17/town-haverstraw-financial-condition-2019m-52

Office of the State Comptroller Response to Report Issued Today by the Department of Financial Services

… paying below average fees. In fact, the Fund has not put money into a hedge fund in well over a year. Unfortunately, … Services seems more interested in playing political games, so remains unaware of actions taken by what is one of …

https://www.osc.ny.gov/press/releases/2016/10/office-state-comptroller-response-report-issued-today-department-financial-services

Wainscott Common School District - Financial Condition (2018M-237)

… approximately $2 million on June 30, 2018, or 58.6 percent of the ensuing year’s budgeted appropriations and exceeded … budgets that overestimated appropriations by a total of more than $911,000 (11 percent) from 2015-16 through … our prior report that pointed out the excess accumulation of fund balance. Key Recommendations Develop a plan to reduce …

https://www.osc.ny.gov/local-government/audits/school-district/2019/03/29/wainscott-common-school-district-financial-condition-2018m-237

Westbury Union Free School District - Financial Condition and Overtime (2018M-84)

… unrestricted fund balance has exceeded the statutory limit in two of the four years examined and three reserves were …

https://www.osc.ny.gov/local-government/audits/school-district/2018/10/19/westbury-union-free-school-district-financial-condition-and-overtime

Scotia-Glenville Central School District - Financial Condition Management and Extra-Classroom Activities (2017M-288)

… to fund one-time expenditures and needed reserves or to reduce District property taxes. Ensure that student …

https://www.osc.ny.gov/local-government/audits/school-district/2018/06/01/scotia-glenville-central-school-district-financial-condition-management

Town of Nichols – Financial Management (2017M-258)

… fund balance and use the excess funds as a financing source for either one time expenditures or to improve the …

https://www.osc.ny.gov/local-government/audits/town/2018/03/02/town-nichols-financial-management-2017m-258

Broome County – Financial Condition (2017M-187)

… our audit was to examine the County’s financial condition for the period January 1, 2016 through February 23, 2017. … 15-member Board of Legislators. Budgeted appropriations for 2017 total approximately $383 million. Key Findings On …

https://www.osc.ny.gov/local-government/audits/county/2018/02/08/broome-county-financial-condition-2017m-187

Norwich City School District - Fund Balance Management (2018M-198)

… whether District officials adequately managed fund balance in the general fund. Key Findings District officials: … Maintain reasonable fund balances and reserves in accordance with adopted policies. Ensure long-term plans … whether District officials adequately managed fund balance in the general fund …

https://www.osc.ny.gov/local-government/audits/school-district/2018/11/30/norwich-city-school-district-fund-balance-management-2018m-198

Schenevus Central School District - Financial Condition (2018M-83)

… lunch (cafeteria) funds. Key Findings Total general fund balance decreased by $567,000 (39 percent) in 2016-17, and officials appropriated $300,000 of fund balance for 2017- 18 when only $226,400 was available. … However, the Board has taken steps to increase the fund balance levels by not budgeting uncertain revenues, …

https://www.osc.ny.gov/local-government/audits/school-district/2018/08/17/schenevus-central-school-district-financial-condition-2018m-83

Allegany-Limestone Central School District - Financial Management (2018M-129)

… complete report - pdf] Audit Objective Determine whether the Board and District officials effectively managed fund … (8 percent annual average) over a three-year period. As of June 30, 2017, unrestricted fund balance totaled more than … approximately $1.3 million or 6 percentage points. Reserve funds are generally not being used 1 and the retirement, …

https://www.osc.ny.gov/local-government/audits/school-district/2018/08/31/allegany-limestone-central-school-district-financial-management-2018m-129

Laurens Central School District - Cafeteria Operations and Reserves (2018M-111)

… are reasonable and necessary. If not, develop a plan to reduce the balances to appropriate levels. Modify the …

https://www.osc.ny.gov/local-government/audits/school-district/2018/08/31/laurens-central-school-district-cafeteria-operations-and-reserves-2018m

Catskill Central School District – Financial Management (2017M-134)

… balance within the statutory limit and develop a plan to reduce unrestricted fund balance in a manner that benefits …

https://www.osc.ny.gov/local-government/audits/school-district/2017/09/29/catskill-central-school-district-financial-management-2017m-134

City of Geneva – Financial Management (2015M-105)

… March 31, 2015. Background The City of Geneva is located in Ontario County and has a population of approximately …

https://www.osc.ny.gov/local-government/audits/city/2015/08/28/city-geneva-financial-management-2015m-105

Milford Central School District – Financial Condition (2016M-87)

… of Audit The purpose of our audit was to examine the District officials’ management of fund balance for the period … 2012 through June 30, 2015. Background The Milford Central School District is located in the Towns of Hartwick, Laurens, …

https://www.osc.ny.gov/local-government/audits/school-district/2016/06/03/milford-central-school-district-financial-condition-2016m-87

Milford Central School District – Fund Balance Management (2022M-94)

Determine whether the Milford Central School District District Board of Education Board and District officials properly managed fund balance in accordance with statute

https://www.osc.ny.gov/local-government/audits/school-district/2022/08/26/milford-central-school-district-fund-balance-management-2022m-94

South Mountain Hickory Common School District – Financial Management (2022M-49)

… or $53,000. Allowed surplus fund balance as a percentage of the next year’s appropriations to exceed the 4 percent …

https://www.osc.ny.gov/local-government/audits/school-district/2022/06/24/south-mountain-hickory-common-school-district-financial-management-2022m

XV.14 Federal Admin Recoveries – XV. End of Year

… Transfer authorization authority for Federal Transfers to Other Funds (Source 9’s) lapses on the last day of the … the dates specified may not provide OSC sufficient time to conclude its review prior to the beginning of the SFS blackout period. Agencies should …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv14-federal-admin-recoveries

Town of Springport – Financial Management (2014M-329)

… the Town’s financial management and budgeting practices for the period January 1, 2012 through December 31, 2014. … The Town of Springport is located in Cayuga County and has a population of approximately 2,400. The Town is governed by … $1.97 million. Key Findings The Town could not provide a Board resolution that properly established the building …

https://www.osc.ny.gov/local-government/audits/town/2015/08/14/town-springport-financial-management-2014m-329