Search
XVI.3.I Budgetary Presentation – XVI. Financial Reporting
… for the General Fund and the major Special Revenue Funds and Notes to Required Supplementary Information - … statements for the general fund and major special revenue funds. The budgetary report presented in the State's BFS …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3i-budgetary-presentationNorthern Onondaga Public Library District – Cash Disbursements (2013M-236)
… provides adequate oversight of the District’s process for cash disbursements for the period January 1, 2012, to … District officials also have not adequately restricted online banking access rights to ensure the security of funds … bookkeeper share the same user name and password for the online banking function. Key Recommendations Ensure that …
https://www.osc.ny.gov/local-government/audits/library/2013/11/08/northern-onondaga-public-library-district-cash-disbursements-2013m-236Town of Ballston – Water Fund Financial Operations (2012M-258)
… responsible for managing Town operations. For fiscal year 2012, appropriations totaled $5.9 million, including …
https://www.osc.ny.gov/local-government/audits/town/2013/05/03/town-ballston-water-fund-financial-operations-2012m-258Comptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority,” said DiNapoli. … expenses and that cash receipts were properly accounted for. As a result, $7,780 of department funds were used to pay … station cash receipts and establishes an inventory process for garbage bags and garbage disposal stickers. For access to …
https://www.osc.ny.gov/press/releases/2016/03/comptroller-dinapoli-releases-municipal-audits-1DiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy
… P. DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State … DiNapoli said. “These companies are to be commended for protecting their long term value by committing to diverse …
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energy2014 Year End Report
… Background The Board administered four sole custody funds in 2014 – the Uninsured Employers Fund, the Special Fund for … the claims: (i) were not properly supported, (ii) were not in compliance with mandated fee schedules, (iii) contained …
https://www.osc.ny.gov/state-agencies/audits/2015/03/30/2014-year-end-reportComptroller DiNapoli Releases School Audits
… continues to provide taxpayers the assurance that their money is being spent appropriately and effectively." East … visit http://www.openbooknewyork.com/ . The easy-to-use website was created by Comptroller DiNapoli to promote …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-school-auditsNorthport-East Northport Union Free School District – Financial Condition (2014M-164)
… a policy or plan for accumulating and using reserves funds to ensure that the amounts are necessary, reasonable … residents of the District’s intent to increase reserve funds during the budget process. Key Recommendations Develop … that result in the appropriation of unexpended surplus funds that are not needed to fund District operations. …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/northport-east-northport-union-free-school-district-financial-conditionDiNapoli: Oversight of Supportive Housing Falls Short
… Answers. Auditors recommended that OMH review its various forms of written guidance on contingency funds and resolve … for those funds. The full audits can be found online at http://www.osc.state.ny.us/audits/index.htm . For …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-oversight-supportive-housing-falls-shortCounty of Oswego Industrial Development Agency – Revolving Loan Programs (2014M-356)
… of Audit The purpose of our audit was to evaluate the Agency’s revolving loan fund programs for the period August 1, 2012 through May 31, 2014. … totaling approximately $11.7 million. Key Findings It is OSC’s view that the Agency’s revolving loans, financed …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2015/04/28/county-oswego-industrial-development-agency-revolving-loanSchenevus Central School District - Financial Condition (2018M-83)
… condition of the general and school lunch (cafeteria) funds. Key Findings Total general fund balance decreased by …
https://www.osc.ny.gov/local-government/audits/school-district/2018/08/17/schenevus-central-school-district-financial-condition-2018m-83Allegany-Limestone Central School District - Financial Management (2018M-129)
… the debt and capital reserves … AlleganyLimestone Central School District Financial Management 2018M129 …
https://www.osc.ny.gov/local-government/audits/school-district/2018/08/31/allegany-limestone-central-school-district-financial-management-2018m-129North Babylon Union Free School District – Financial Condition (2016M-32)
… The North Babylon Union Free School District is located in the Town of Babylon, Suffolk County. The District, which … District officials employed budgeting practices resulting in fund balance appropriations that were not needed. The … calculations or justifications for the funding levels in the reserves. The District maintained balances in two …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/03/north-babylon-union-free-school-district-financial-condition-2016m-32Town of Hempstead Local Development Corporation – Fund Balance (2021M-61)
… manage fund balance. The Board did not develop or adopt a fund balance policy that addresses what level of fund … or how any surplus funds will be used and the timeframe for doing so. The unrestricted fund balance grew to $2.4 … indicated they have initiated corrective action. Appendix B includes our comments on issues raised in the THLDC’s …
https://www.osc.ny.gov/local-government/audits/local-development-corporation/2021/07/02/town-hempstead-local-development-corporation-fund-balanceTown of Springport – Financial Management (2014M-329)
… Purpose of Audit The purpose of our audit was to review the Town’s financial management and budgeting … 31, 2014. Background The Town of Springport is located in Cayuga County and has a population of approximately 2,400. … approximately $1.97 million. Key Findings The Town could not provide a Board resolution that properly established the …
https://www.osc.ny.gov/local-government/audits/town/2015/08/14/town-springport-financial-management-2014m-329Examples from GASB Statement 34 - Statement of Fiduciary Net Assets
Examples from GASB Statement 34 Statement of Fiduciary Net Assets
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-fiduciary-net-assetsPoughkeepsie City School District - Budgeting (2018M-226)
… without Board Approval. The District had unrestricted funds totaling $10.6 million and $12 million at the end of … fund balance to comply with the statutory limit. Surplus funds can be used as a financing source for funding one-time …
https://www.osc.ny.gov/local-government/audits/school-district/2019/11/15/poughkeepsie-city-school-district-budgeting-2018m-226City of Yonkers - Internal Controls Over Cash Collections (2018M-14)
… Ice rink collections totaling $5,364 were unaccounted for due to inadequate segregation of duties. Cash was not deposited for as many as 93 days after being collected. Key … Establish and adopt citywide policies and procedures for collecting, depositing and recording cash receipts. City …
https://www.osc.ny.gov/local-government/audits/city/2019/11/22/city-yonkers-internal-controls-over-cash-collections-2018m-14KIPP Troy Prep Charter School – Resident Tuition Billings and Collections (2024M-20)
… collected tuition, and deposited and recorded collections in a timely manner. Key Findings School officials and staff … we reviewed. However, they did not deposit collections in a timely manner. Officials and staff did not: Deposit and … Because School officials did not deposit collections in a timely manner, the School did not have access to the …
https://www.osc.ny.gov/local-government/audits/charter-school/2024/06/14/kipp-troy-prep-charter-school-resident-tuition-billings-and-collectionsVIII.1.C Expenditure Transfers – VIII. Accounts Payable Journal Vouchers & General Ledger Journal Entries
… SFS functionality prevents the submission of adjustments and transfers between funds in the submodules. Expenditure … Overview of this Chapter for guidance on: Submitting APJV and GLJE transactions to SFS Obligation and Accounting Dates for Transactions Agency Transactions and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-viii/viii1c-expenditure-transfers