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Islip Union Free School District – Financial Condition (2013M-213)
… adopted budgets that allowed the unexpended surplus fund balance to remain relatively stable over the last few years … available unexpended surplus funds to ensure that the balance is maintained below the 4 percent cap required by …
https://www.osc.ny.gov/local-government/audits/school-district/2013/09/27/islip-union-free-school-district-financial-condition-2013m-213Garrison Union Free School District – Financial Condition (2016M-108)
… The District, which operates one school with approximately 300 students, is governed by an elected seven-member Board of …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/01/garrison-union-free-school-district-financial-condition-2016m-108North Rose-Wolcott Central School District – Financial Management (2016M-22)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial management for the … and necessary levels for reserve funds and prescribes how the reserve fund balances are to be monitored, analyzed and maintained. District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/10/north-rose-wolcott-central-school-district-financial-management-2016m-22Greenville Fire District – Investment Program (2023M-106)
… market accounts, which had average available funds for investing of $845,365. Had officials considered other legally … program - legality, safety, liquidity and yield - when investing available funds. District officials generally …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/12/29/greenville-fire-district-investment-program-2023m-106Elmira Heights Central School District – Financial Condition (2014M-76)
… $20 million. Key Findings The District’s reliance on fund balance and reserves to finance planned operating deficits … $150,000 from the unemployment reserve to unassigned fund balance. The multiyear financial plan has not been updated … rather than continually relying on appropriated fund balance and reserves. Return funds improperly transferred …
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/19/elmira-heights-central-school-district-financial-condition-2014m-76Village of Port Dickinson – Financial Condition (2014M-154)
… that financed recurring expenditures with surplus fund balance. The Board did not consistently develop sewer rates … rely on one-time revenue sources, such as surplus fund balance, to finance recurring expenditures. Ensure realistic …
https://www.osc.ny.gov/local-government/audits/village/2014/08/29/village-port-dickinson-financial-condition-2014m-154VIII.1.C Expenditure Transfers – VIII. Accounts Payable Journal Vouchers & General Ledger Journal Entries
… expenditure accounting transactions using a General Ledger Journal Entry in SFS. Expenditure transfers include: … (beginning with ‘042’). See Section 1.A – Accounts Payable Journal Voucher of this Chapter. See Section 1 – Accounts Payable Journal Vouchers & General Ledger Journal Entries Overview of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-viii/viii1c-expenditure-transfersState Comptroller DiNapoli Releases School Audit
… Union Free School District – Extra-Classroom Activity Funds (Nassau County) The extra classroom activity (ECA) … and district officials have little assurance that ECA funds are adequately safeguarded and properly accounted for. …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-dinapoli-releases-school-auditTown of Springport – Financial Management (2014M-329)
… from 2009-14 of $767,836. The Town appropriated more fund balance than was actually available which led to deficits in unexpended fund balance. Key Recommendations Ratify and legalize the existing … to reduce the town-wide general fund’s unexpended fund balance deficit. …
https://www.osc.ny.gov/local-government/audits/town/2015/08/14/town-springport-financial-management-2014m-329Poughkeepsie 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)
… The City Clerk should work with the credit card vendor and the Internal Revenue Service (IRS) to recover funds withheld. Provide oversight and segregate incompatible financial duties to ensure all … are legitimate and accurate. Establish and adopt citywide policies and procedures for collecting, depositing …
https://www.osc.ny.gov/local-government/audits/city/2019/11/22/city-yonkers-internal-controls-over-cash-collections-2018m-14Town of Hempstead Local Development Corporation – Fund Balance (2021M-61)
… what level of fund balance is needed or how any surplus funds will be used and the timeframe for doing so. The … written fund balance policy and a plan to use surplus funds. THLDC officials disagreed with certain aspects of our …
https://www.osc.ny.gov/local-government/audits/local-development-corporation/2021/07/02/town-hempstead-local-development-corporation-fund-balanceExamples from GASB Statement 34 - Statement of Fiduciary Net Assets
… Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission. Sample City … 1,234 $ 228,050 NET ASSETS: Held in trust for pension benefits and other purposes $65,796,103 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-fiduciary-net-assetsKIPP Troy Prep Charter School – Resident Tuition Billings and Collections (2024M-20)
… complete report – pdf] Audit Objective Determine whether the KIPP Troy Prep Charter School (School) Board of Trustees (Board) and officials accurately billed and collected tuition, and … Determine whether the KIPP Troy Prep Charter School School Board of Trustees …
https://www.osc.ny.gov/local-government/audits/charter-school/2024/06/14/kipp-troy-prep-charter-school-resident-tuition-billings-and-collectionsVillage of Corinth – Investment Program (2023M-146)
… the Village may have earned an additional $148,755 in interest earnings. Village officials did not: Solicit interest rate quotes or prepare monthly cash flow forecasts. Consider … of a comprehensive investment program - legality, safety, liquidity and yield. Prepare monthly cash flow forecasts to …
https://www.osc.ny.gov/local-government/audits/village/2024/04/05/village-corinth-investment-program-2023m-146NYS Comptroller Thomas P. DiNapoli Statement on Former Avon Police Chief Sentencing
… New York State Comptroller Thomas P. DiNapoli released the following statement today on the sentencing of former Avon Police Chief Joseph Geer for … and encourages the public to help fight fraud and abuse. New Yorkers can report allegations of fraud involving …
https://www.osc.ny.gov/press/releases/2025/06/nys-comptroller-thomas-p-dinapoli-statement-former-avon-police-chief-sentencingCounty of Oswego Industrial Development Agency – Revolving Loan Programs (2014M-356)
… of our audit was to evaluate the Agency’s revolving loan fund programs for the period August 1, 2012 through May … County of Oswego Industrial Development Agency Revolving Loan Programs 2014M356 …
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)
… and officials appropriated $300,000 of fund balance for 2017- 18 when only $226,400 was available. However, the … Key Recommendations Continue to monitor the financial plan for stabilizing the general fund and address any unforeseen … a cost-per-meal equivalent analysis and explore methods for increasing revenues and decreasing expenditures to reduce …
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)
… to within the statutory limit and use the excess funds in a manner more beneficial to taxpayers. Review and fund reserve balances to reasonable levels in accordance with applicable statutes. 1 With the exception …
https://www.osc.ny.gov/local-government/audits/school-district/2018/08/31/allegany-limestone-central-school-district-financial-management-2018m-129Comptroller DiNapoli Releases Municipal Audits
… municipal finances and operations, my office continues to provide taxpayers the assurance that their money is being … for departmental cash receipts or implemented procedures to provide guidance for employees when recording transactions to help ensure financial reports are accurate and reliable. …
https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-releases-municipal-audits-0