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Refunding Local Debt
… with the following procedures. I. COVER LETTER . An application for approval of a present value savings … II. DOCUMENTS . In addition to the cover letter, the application should include each of the documents listed below … should be filed in accordance with the instructions on the form). One original, signed application should be submitted …
https://www.osc.ny.gov/debt/refunding-local-debtInvestment Standard for NYS College Choice and NY ABLE Programs
… – To bring the NYS College Choice tuition savings program (NY 529) and the NY Achieving a Better Life Experience savings account program (NY ABLE) in line with investment standards of other states' … To bring the NY 529 and NY ABLE savings programs in line with investment …
https://www.osc.ny.gov/legislation/investment-standard-nys-college-choice-and-ny-able-programsAccounts Payable Advisory No. 47
… Section 4 – Procurement Card Use . Update : Agencies are required to use a PO for all single purchases of $10,000 or more from any vendor that has a classification as a “procurement … Orders for more information. In addition, agencies are required to use PCards to purchase goods and services less …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/47-purchase-orders-and-procurement-card-useMineola Union Free School District – Financial Condition Management (2021M-44)
Determine whether the Mineola Union Free School Districts District Board of Education Board and District officials effectively manage the Districts financial condition
https://www.osc.ny.gov/local-government/audits/school-district/2021/09/03/mineola-union-free-school-district-financial-condition-management-2021mLancaster Central School District – Financial Management (2022M-37)
… of fund balance that was not used. Did not use reserves in accordance with adopted budgets, overfunded two reserves … million, to pay debt as required. These practices resulted in real property tax levies that were higher than necessary. … findings. Appendix B includes our comment on issues raised in the District’s response. 1 Lancaster Central School …
https://www.osc.ny.gov/local-government/audits/school-district/2022/08/05/lancaster-central-school-district-financial-management-2022m-37Indian River Central School District – Financial Condition Management (2022M-92)
Determine whether the Indian River Central School District District Board of Education Board and District officials adequately managed the Districts financial condition
https://www.osc.ny.gov/local-government/audits/school-district/2022/08/19/indian-river-central-school-district-financial-condition-management-2022mWappingers Central School District – Professional Services (2022M-88)
… District Officials: Did not use competitive methods, as required by District policy, to select 40 professional …
https://www.osc.ny.gov/local-government/audits/school-district/2022/08/26/wappingers-central-school-district-professional-services-2022m-88Downsville Central School District – Claims Auditing (2022M-134)
… Audit Objective Determine whether the Downsville Central School District (District) Board of Education (Board) and … Determine whether the Downsville Central School District District Board of Education Board and …
https://www.osc.ny.gov/local-government/audits/school-district/2022/11/18/downsville-central-school-district-claims-auditing-2022m-134Hamilton Central School District – Procurement (2020M-168)
… School District (District) officials sought competition for the purchase of goods and services not subject to competitive bidding. Key Findings … District officials did not always seek competition for the purchase of goods and services not subject to … School District District officials sought competition for the purchase of goods and services not subject to …
https://www.osc.ny.gov/local-government/audits/school-district/2021/03/26/hamilton-central-school-district-procurement-2020m-168Silver Creek Central School District – Financial Management (2022M-153)
… when it had operating surpluses; the swing in operational results totaled $9.7 million. As of June 30, 2021, maintained a surplus fund balance that exceeded the …
https://www.osc.ny.gov/local-government/audits/school-district/2023/01/06/silver-creek-central-school-district-financial-management-2022m-153East Moriches Union Free School District – Financial Condition Management (2022M-1)
… officials overestimated appropriations, which made it appear that the District needed to increase taxes and use … over the past five fiscal years. As of June 30, 2021, it was over $7.1 million, or 24.3 percent of the next year’s … contributions. Its excessive balance is enough to cover annual retirement contributions for nine years. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/17/east-moriches-union-free-school-district-financial-condition-managementKortright Rural Fire District – Financial Activities (2022M-51)
… audit the Treasurer’s records. Seek competition for heating oil; had officials worked with the New York State … could have saved $2,805, 21 percent of the District’s heating oil cost. Key Recommendations l Periodically review …
https://www.osc.ny.gov/local-government/audits/fire-district/2022/06/24/kortright-rural-fire-district-financial-activities-2022m-51Seminars for Local Officials
… with your home and work lives is not an easy task. For that reason, OSC’s Local Official Training Unit offers seminars for municipal and school district governing boards and other … and generally incorporate 2–3 different topics. See below for more information on how to request training near you. …
https://www.osc.ny.gov/local-government/academy/seminars-local-officialsWatertown City School District – Procurement (2021M-176)
… not: Seek competition for the services procured from 13 professional service providers, totaling $305,052 (92 percent of the … for proposals (RFPs) to solicit competition when seeking professional services and obtain written agreements for all …
https://www.osc.ny.gov/local-government/audits/school-district/2022/01/14/watertown-city-school-district-procurement-2021m-176Merrick Union Free School District – Financial Management (2024M-64)
… complete report – pdf] Audit Objective Determine whether the Merrick Union Free School District (District) Board of … properly managed fund balance and reserves. Key Findings The Board and District officials did not properly manage fund balance and reserves. Although the Board and District officials reduced surplus fund balance …
https://www.osc.ny.gov/local-government/audits/school-district/2024/09/27/merrick-union-free-school-district-financial-management-2024m-64Hammond Central School District – Financial Management (2024M-70)
… Audit Objective Determine whether the Hammond Central School District (District) Board of Education (Board) and … Determine whether the Hammond Central School District District Board of Education Board and …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/11/hammond-central-school-district-financial-management-2024m-70Southampton Union Free School District – Financial Management (2024M-43)
… accounts in the annual budgets. Did not have support for the establishment of six reserves, overfunded two … Ensure adopted budgets include realistic estimates for revenues and appropriations. Ensure reserve fund balances …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/18/southampton-union-free-school-district-financial-management-2024m-43Freeport Union Free School District – Financial Management (2024M-49)
… complete report – pdf] Audit Objective Determine whether the Freeport Union Free School District’s (District) Board of Education (Board) and District officials properly managed fund balance and reserves. Key Findings The Board and District officials did not properly manage fund …
https://www.osc.ny.gov/local-government/audits/school-district/2024/11/01/freeport-union-free-school-district-financial-management-2024m-49Long Beach City School District – Financial Management (2023M-147)
… [read complete report – pdf] Audit Objective Determine whether the Long … this was not clearly stated in annual budget documents for voter approval. Prior to the non-transparent and … revenues by an average of $1.6 million annually for a three-year period. Adopted budgets that appropriated …
https://www.osc.ny.gov/local-government/audits/school-district/2024/08/09/long-beach-city-school-district-financial-management-2023m-147Unified Court System Bulletin No. UCS-100
… on authorized Paid Leave or Leave of Absence (except for LOA / RPD ) on the contract ratification date of 5/4/06 The …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-100-ucs-80000-bonus-payment-and-150000-one-time-bonus-payment