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XVI.3.J Implementation of Accounting Standards – XVI. Financial Reporting
… Basic financial statements for the State of New York are prepared in conformity with generally …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3j-implementation-accounting-standardsGananda Central School District – Procurement (2021M-86)
… document that they properly sought required competition for purchases: Subject to competitive bidding requirements totaling $352,943. Requiring quotes in compliance with purchasing policies, totaling $88,240. … has adequate policies and clear and consistent procedures for procurements not subject to competitive bidding, …
https://www.osc.ny.gov/local-government/audits/school-district/2021/10/22/gananda-central-school-district-procurement-2021m-86DiNapoli Urges State to Improve Nursing Home Equipment Inspections
… medical equipment by: Periodically updating the inventory form to add types of medical equipment known to be in use at … types of equipment in use that are not on the inventory form to aid in sample selection; and Requiring surveyors to …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-urges-state-improve-nursing-home-equipment-inspectionsDiNapoli: School Bus Safety Needs Improvement
State Comptroller Thomas P DiNapoli released an audit today that examined seven upstate school districts and their compliance with school bus safety requirements
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-school-bus-safety-needs-improvementXII.5.G Entering the Appropriate Obligation and Accounting Dates on Vouchers – XII. Expenditures
… Date is used in the accrual and modified accrual bases of accounting and reporting and is the basis for which the … The Accounting Date determines the accounting period and fiscal year in which the transaction will be recorded in the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii5g-entering-appropriate-obligation-and-accounting-dates-vouchersEast Rockaway Union Free School District – Extra-Classroom Activity Funds (2020M-85)
… Managing the finances of ECA activities is meant to be a learning experience for student club members. By not properly managing ECA finances, students … records including duplicate press-numbered receipts, club ledgers and activity logs and prepare profit and loss …
https://www.osc.ny.gov/local-government/audits/school-district/2021/01/15/east-rockaway-union-free-school-district-extra-classroom-activity-fundsUnion Free School District of the Tarrytowns - Fixed Assets (2018M-185)
Determine whether fixed assets were recorded and properly accounted for
https://www.osc.ny.gov/local-government/audits/school-district/2019/01/11/union-free-school-district-tarrytowns-fixed-assets-2018m-185Privacy and Security of Student Data
… in 2018 to a high of nearly 1.2 million students in 2020. It is, therefore, more important than ever to ensure that … a data classification for all the types of information it manages, processes, or stores, some of which contain …
https://www.osc.ny.gov/state-agencies/audits/2023/05/16/privacy-and-security-student-dataState Comptroller DiNapoli Releases School Audits
… New York State Comptroller Thomas P. DiNapoli today announced his … District , Berne-Knox-Westerlo Central School District , King Center Charter School , New Hyde Park-Garden City Park Union Free School District and the Sagaponack …
https://www.osc.ny.gov/press/releases/2018/07/state-comptroller-dinapoli-releases-school-auditsState Comptroller DiNapoli Releases School Audits
… continues to provide taxpayers the assurance that their money is being spent appropriately and effectively." Alden …
https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-releases-school-auditsOpinion 92-43
… discussed in the opinion. PUBLIC CONTRACTS -- Policies and Procedures (inclusion of purchases by town highway … Equipment (necessity to obtain prior town board approval for purchases of); (purchases governed by town board's … interests of the taxpayers of the political subdivision or district, to facilitate the acquisition of goods and services …
https://www.osc.ny.gov/legal-opinions/opinion-92-43Town of Mohawk – Records and Reports (2013M-113)
… to review the Supervisor’s accounting records and reports for the period July 1, 2011, through December 31, 2012. … identify and record the appropriate amount of fund balance for each fund. Provide the Board with accurate and complete …
https://www.osc.ny.gov/local-government/audits/town/2013/09/13/town-mohawk-records-and-reports-2013m-113Glossary – Governmental Accounting Standards Board
… Board (GASB) website . Deferred Inflows An acquisition of net assets by the government, which is applicable to a future … GASB Statement No. 67, a blended or single rate (expressed as a percentage), which reflects (1) the long-term expected … the plan. Measurement Date The date when the Net Pension Liability is measured. For NYSLRS, the measurement date is …
https://www.osc.ny.gov/retirement/employers/gasb/glossaryDiNapoli: New York City's Budget Outlook Improves
… New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain … immigration reform.” The city’s Preliminary FY 2025 budget and January Financial Plan enabled the city to … (adjusted for prepayments), close its $7.1 billion FY 2025 budget gap, and reduce its out-year gaps. The January …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesOverview of Governmental Accounting
This session will familiarize local officials with the accounting process for municipalities and some of the unique elements of governmental accounting. It will include an overview of Generally Accepted Accounting Principles (GAAP), the Uniform Accounting System, measurement focus and encumbrances.
https://www.osc.ny.gov/files/local-government/academy/pdf/overview-governmental-accounting-022824.pdfState Comptroller DiNapoli Releases School Audits
… P. DiNapoli today announced his office completed audits of the Cortland Enlarged City School District , Miller Place Union Free School District and the …
https://www.osc.ny.gov/press/releases/2017/06/state-comptroller-dinapoli-releases-school-audits-0Opinion 95-27
… views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … of State aid paid to a school district attributable to court orders or judgments) SCHOOL DISTRICTS -- Powers and …
https://www.osc.ny.gov/legal-opinions/opinion-95-27DiNapoli Releases July Cash Report
… $1 billion higher than originally forecasted, according to the monthly state cash report issued today by New York … nature of billions of dollars in settlement proceeds, it is important to closely monitor results as the year …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-releases-july-cash-reportBrushton-Moira Central School District – Tuition Billing (2023M-158)
… underbilled $40,803 of the $71,192 (57 percent) in tuition it was entitled to and billed and collected $12,452 in tuition it was not entitled to for the 2019-20 through 2021-22 school …
https://www.osc.ny.gov/local-government/audits/school-district/2024/03/01/brushton-moira-central-school-district-tuition-billing-2023m-158DiNapoli: NYC Department of Education is Not Doing Enough to Prepare Students for Higher Education
… students completed high school by their expected graduation date and possessed the skills needed to obtain or … found a significant number of students did not graduate on time and were not prepared for higher education or to obtain …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nyc-department-education-not-doing-enough-prepare-students-higher-education