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Comptroller DiNapoli Releases School Audits

… some of its eight reserve funds at reasonable levels. The retirement contribution and unemployment insurance reserves, …

https://www.osc.ny.gov/press/releases/2016/06/comptroller-dinapoli-releases-school-audits

Homeless Housing and Assistance Program – Project Selection and Maintenance

… of homeless projects in the form of grants, loans, or loan guarantees to acquire, construct, or rehabilitate …

https://www.osc.ny.gov/state-agencies/audits/2019/01/10/homeless-housing-and-assistance-program-project-selection-and-maintenance

Village of Palmyra - Financial Management (2019M-94)

… adopted realistic budgets and effectively managed fund balance based on accurate financial records and reports. Key … and sewer funds maintained excessive unrestricted fund balance levels, as a result of unrealistic budgets. Village … developed multiyear financial or capital plans or a fund balance policy. The Board did not audit the Clerk-Treasurer’s …

https://www.osc.ny.gov/local-government/audits/village/2019/08/16/village-palmyra-financial-management-2019m-94

Taconic Hills Central School District – Financial Management (2019M-155)

… Recommendations Adopt budgets with reasonable estimates for revenues and appropriations and the amount of fund …

https://www.osc.ny.gov/local-government/audits/school-district/2019/10/25/taconic-hills-central-school-district-financial-management-2019m-155

York Central School District – Financial Management (2022M-96)

… did not effectively manage fund balance. As of June 30, 2021: The recalculated surplus fund balance exceeds the … financial plan and comprehensive capital plans. As a result, more real property taxes were levied than was needed …

https://www.osc.ny.gov/local-government/audits/school-district/2022/10/07/york-central-school-district-financial-management-2022m-96

Caledonia-Mumford Central School District – Financial Management (2024M-101)

… corrective action. Appendix B includes our comments on the District’s response letter. … Determine whether the …

https://www.osc.ny.gov/local-government/audits/school-district/2024/12/06/caledonia-mumford-central-school-district-financial-management-2024m-101

Lyme Central School District – Financial Management (2024M-87)

… to close projected budget gaps totaling $1.6 million for the 2020- 21 through 2022-23 fiscal years; however, the … financial and capital plans to provide a framework for developing the annual budgets and addressing future …

https://www.osc.ny.gov/local-government/audits/school-district/2024/10/25/lyme-central-school-district-financial-management-2024m-87

Town 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-239

Wantagh 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-363

Mechanicville 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-93

City 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-119

Vestal 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-91

East 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-management

Prattsburgh 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-108

Village 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-26

Sweet 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-166

Chatham 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-11

Fund Financial Data – 2021 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/2021-fcr/fund-financial-data