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Silver Creek Central School District – Financial Management (2022M-153)
… not properly manage fund balance and reserves, resulting in more taxes being levied than were needed to fund … deficits when it had operating surpluses; the swing in operational results totaled $9.7 million. As of June 30, … with the statutory limit. Reduce overfunded reserves in accordance with applicable statutes. District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2023/01/06/silver-creek-central-school-district-financial-management-2022m-153Hammond Central School District – Financial Management (2024M-70)
… complete report – pdf] Audit Objective Determine whether the Hammond Central School District (District) Board of … managed fund balance and reserve funds. Key Findings The Board and District officials did not properly manage the District’s fund balance and reserve funds. As a result, …
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-43Homeless Housing and Assistance Program – Project Selection and Maintenance
… on June 8, 1990 to administer HHAP and is staffed by 17 Office of Temporary and Disability Assistance …
https://www.osc.ny.gov/state-agencies/audits/2019/01/10/homeless-housing-and-assistance-program-project-selection-and-maintenanceNew York Mills Union Free School District – Financial Management (2016M-107)
… an average of approximately $1.4 million in fund balance annually, which was not needed to fund operations due … four years. By maintaining excessive or unnecessary fund balance, the Board and District officials have withheld … realistic estimates of expenditures and the use of fund balance in the annual budget. Develop a plan to reduce the …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/24/new-york-mills-union-free-school-district-financial-management-2016m-107Connetquot Central School District – Financial Condition (2015M-98)
… and trends. The District consistently appropriated fund balance that was not needed to finance operations, which, in effect, exceeded the statutory limit on unassigned fund balance. District officials used surplus funds each year to … analysis. Ensure that the amount of unassigned fund balance is in compliance with statutory limits and develop a …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/14/connetquot-central-school-district-financial-condition-2015m-98Alexandria Central School District – Financial Condition (2016M-5)
… September 30, 2015. Background The Alexandria Central School District is located in the Towns of Alexandria, … Alexandria Central School District Financial Condition 2016M5 …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/25/alexandria-central-school-district-financial-condition-2016m-5Groton Central School District – Financial Management (2014M-288)
… Purpose of Audit The purpose of our audit was to examine the District’s financial activities for the period July 1, … maintained in compliance with statutes. Stop raising more real property taxes than necessary. …
https://www.osc.ny.gov/local-government/audits/school-district/2015/01/09/groton-central-school-district-financial-management-2014m-288Town of Deerpark – Budget Review (B6-15-23)
… the significant revenue and expenditure projections in the Town’s preliminary budget for the 2016 fiscal year are reasonable. Background The Town of Deerpark, located in Orange County, issued debt totaling $868,000 to liquidate the accumulated deficit in the Town's general and highway funds as of December 31, …
https://www.osc.ny.gov/local-government/audits/town/2015/11/06/town-deerpark-budget-review-b6-15-23Henrietta Fire District – Financial Condition (2021M-27)
Determine whether the Board of Commissioners Board effectively managed the Henrietta Fire Districts Districts financial condition
https://www.osc.ny.gov/local-government/audits/fire-district/2021/07/16/henrietta-fire-district-financial-condition-2021m-27Town of Deerpark – Budget Review (B6-16-18)
… Identify other revenue sources to replace fund balance or make corresponding reductions in expenditures in future …
https://www.osc.ny.gov/local-government/audits/town/2016/11/10/town-deerpark-budget-review-b6-16-18McGraw Central School District – Fund Balances (2017M-248)
… million. Key Findings District officials appropriated, on average, $638,300 of unrestricted fund balance as a …
https://www.osc.ny.gov/local-government/audits/school-district/2018/02/23/mcgraw-central-school-district-fund-balances-2017m-248Canisteo-Greenwood Central School District – Financial Management (2016M-362)
… and planned use of fund balance to avoid levying taxes at a level greater than necessary. Maintain unrestricted fund …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/30/canisteo-greenwood-central-school-district-financial-management-2016m-362North Greenbush Common School District – Budgeting (2016M-112)
… and did not use any of the $500,000 appropriated fund balance to fund operations. The District has accumulated unrestricted fund balance that exceeds the statutory limit by approximately … adopting budgets that result in the appropriation of fund balance that is not used to finance District operations. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/24/north-greenbush-common-school-district-budgeting-2016m-112Fund Financial Data – 2023 Financial Condition Report
… Fund financial statements provide a short-term view of … funding and spending for particular purposes. The General Fund is used to report sources of funds and expenditures that … are not required to be accounted for in another separate fund. In New York State, significant sources of funds that …
https://www.osc.ny.gov/reports/finance/2023-fcr/fund-financial-dataTown of Forestport – Financial Management (2013M-184)
… revenues. As a result, at the end of 2012, fund balance in the general fund had increased to $741,000 or 67 … of the ensuing year’s appropriations. Portions of the fund balance set aside as a funding source for subsequent years’ … Board did not have a policy to govern the level of fund balance that should be maintained and has not adopted …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-forestport-financial-management-2013m-184State Comptroller DiNapoli Releases School Audits
… fund balance within the statutory limit or maintain all reserve funds at reasonable levels. As a result, …
https://www.osc.ny.gov/press/releases/2023/03/state-comptroller-dinapoli-releases-school-audits-0State Comptroller DiNapoli Releases Municipal Audits
… York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued. Town of … Development Corporation – Fund Balance (Nassau County) The board did not effectively manage fund balance. The board also did not develop or adopt a fund balance policy …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-audits-0DiNapoli: Unemployment Taxes on Employers Poised To Increase To Repay $9B Owed to Federal Government
… pandemic rapidly depleted the New York State Unemployment Insurance (UI) Trust Fund, resulting in the state borrowing from the federal government to pay claims. State UI tax rates have already risen to the … debt to repay the outstanding balance. Report Unemployment Insurance Trust Fund: Challenges Ahead Track state and local …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-unemployment-taxes-employers-poised-increase-repay-9b-owed-federal-governmentDiNapoli: New York Ranks Last in Balance of Payments With Washington
… total dollars, rather than dollars per capita, New York’s ranking was last among the states. The gap between taxes paid …
https://www.osc.ny.gov/press/releases/2020/11/dinapoli-new-york-ranks-last-balance-payments-washington