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Industrial Development Agency Board Governance (2017-MS-1)
… [pdf] , Bethlehem [pdf] , Erie [pdf] , Hempstead [pdf] , Orange [pdf] and Steuben [pdf]. Purpose of Audit The purpose of our audit was to determine whether IDA Boards provided effective … Key Findings Orange’s Board acted outside of its authority when it accepted and agreed to administer a $1 million grant. …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2017/09/22/industrial-development-agency-board-governance-2017-ms-1Opinion 92-11
… for property loss and liability claims) GENERAL MUNICIPAL LAW, §6-n; EDUCATION LAW, §1709(8-c): A school district may not transfer the … an insurance reserve pursuant to General Municipal Law 6n may transfer the moneys in that reserve fund to … a reserve for property loss and liability claims under Education Law 17098c …
https://www.osc.ny.gov/legal-opinions/opinion-92-11Mechanicville City School District – Financial Condition (2017M-93)
… the Board effectively managed the District’s finances by adopting realistic budgets and if it kept the unrestricted … which has approximately 1,330 students, is governed by a seven-member Board of Education. Budgeted appropriations … 2015-16, District officials overestimated appropriations by almost $4.6 million and appropriated a total of $2.5 …
https://www.osc.ny.gov/local-government/audits/school-district/2017/09/29/mechanicville-city-school-district-financial-condition-2017m-93DiNapoli: External Risks Threaten NYC Budget
… risks, it has record reserves to use if needed and Mayor de Blasio plans to expand the citywide savings program to … Trust, which now has a balance of $4 billion. Mayor de Blasio has indicated that the city will continue to expand …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-external-risks-threaten-nyc-budgetGroton Central School District – Financial Management (2014M-288)
… in Cayuga County. The District, which is governed by an elected six-member Board of Education, operates two … Over the last four years, the tax levy has increased by a total of $509,000, which was unnecessary based on the excessive levels of fund balance. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/school-district/2015/01/09/groton-central-school-district-financial-management-2014m-288Fairport Public Library – Financial Management (2014M-354)
… July 25, 2014. Background The Fairport Public Library is a school district public library located in the Village of … approximately $2.6 million. Key Findings Library officials do not review or approve financial transactions before they … for payment before disbursements are made and ensure that a Library official certifies the payroll before it is …
https://www.osc.ny.gov/local-government/audits/library/2015/06/12/fairport-public-library-financial-management-2014m-354Port Chester-Rye Union Free School District – Financial Condition (2015M-147)
… our audit was to review the District’s financial condition for the period July 1, 2009 through June 30, 2014. Background … five-member Board of Education. Budgeted appropriations for the 2014-15 fiscal year were approximately $88.4 million. … maintains a retirement contribution reserve, it budgeted for retirement costs in the general fund and levied taxes to …
https://www.osc.ny.gov/local-government/audits/school-district/2015/09/25/port-chester-rye-union-free-school-district-financial-condition-2015m-147Columbia County – Payroll (2014M-121)
… $149 million. Key Findings There is no County-wide requirement that all employees complete and certify their … time and attendance and leave accruals, including a requirement that all employees complete and certify their …
https://www.osc.ny.gov/local-government/audits/county/2014/08/14/columbia-county-payroll-2014m-121Middleburgh Central School District – Financial Condition (2013M-206)
Middleburgh Central School District Financial Condition 2013M206
https://www.osc.ny.gov/local-government/audits/school-district/2013/11/22/middleburgh-central-school-district-financial-condition-2013m-206Manorville Fire District – Board Oversight and Fuel (2016M-411)
… officials did not adequately monitor gasoline credit card purchases. Key Recommendations Develop and adopt … invoices or receipts be attached to gasoline credit card claims when they are submitted for approval. …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/03/10/manorville-fire-district-board-oversight-and-fuel-2016m-411Norwood-Norfolk Central School District – Claims Auditing (2016M-288)
… of Louisville, Madrid, Norfolk, Potsdam and Stockholm in St. Lawrence County. The District, which operates one school … students, is governed by an elected nine-member Board of Education. Budgeted appropriations for the 2015-16 fiscal … million. Key Findings District officials contracted with St. Lawrence-Lewis BOCES through a cooperative service …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/04/norwood-norfolk-central-school-district-claims-auditing-2016m-288West Islip Union Free School District – Payroll (2016M-78)
… The purpose of our audit was to examine the District’s payroll process for the period July 1, 2014 through August … by an elected seven-member Board of Education. Total payroll expenditures for the 2014-15 fiscal year were approximately $65 million. Key Findings Two payroll clerks are responsible for adding new employees into …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/west-islip-union-free-school-district-payroll-2016m-78Chautauqua Lake Central School District – Nonresident Tuition (2016M-7)
… of Chautauqua, Ellery, North Harmony, Portland, Stockton and Westfield in Chautauqua County. The District, which … costs. District officials also do not regularly review and monitor the tuition rate being charged in comparison to net costs per student and the State-calculated tuition rate. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/school-district/2016/05/27/chautauqua-lake-central-school-district-nonresident-tuition-2016m-7Patchogue-Medford Union Free School District – Health Insurance Buyouts (2023M-21)
… Union Free School District’s (District) health insurance buyout program is cost-effective. Key Findings Although the District’s health insurance buyout program is generally cost-effective, the … unions and individuals to exclude eligibility for health insurance buyouts to employees covered by the District’s same …
https://www.osc.ny.gov/local-government/audits/school-district/2023/07/14/patchogue-medford-union-free-school-district-health-insurance-buyoutsAccounts Payable Advisory No. 50
… Subject: Obtaining early payment discounts from vendors. Reference: Guide to Financial Operations (GFO) … Obtaining early payment discounts from vendors …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/50-early-payment-discountsFair Haven Volunteer Fire Department, Inc. – Financial Activity (2014M-335)
… corporation with approximately 35 members, governed by an elected nine-member Board of Directors. The Department, … that an adequate, documented annual audit is completed by the audit committee. Prepare an annual budget. …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2015/02/27/fair-haven-volunteer-fire-department-inc-financial-activityBrushton-Moira Central School District – Financial Condition (2015M-340)
… Central School District is located in the Towns of Bangor, Brandon, Dickinson and Moira in Franklin County and …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/11/brushton-moira-central-school-district-financial-condition-2015m-340State Agencies Bulletin No. 1881
… overtime earnings limit for Tier 6 New York City Employee Retirement System (7U), New York City Teachers Retirement System (7S), and New York City Education Board Retirement System (7T) 2021 plan year. Affected Employees Tier 6 members of NYCERS, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1881-2021-tier-6-ot-limit-and-plan-year-changes-nyc-retirement-systemsGASB Statement No. 33 "Accounting and Financial Reporting for Nonexchange Transactions"
… were made. Statement No. 33 states that to accrue revenue from an expenditure-driven/reimbursement type grant, the …
https://www.osc.ny.gov/local-government/publications/gasb-statement-no-33-accounting-and-financial-reporting-nonexchange-transactionsVendor File Advisory No. 11
… Subject: Selecting the Correct Vendor Location in SFS Guidance: It is important that agencies select the correct vendor Location for each transaction in SFS. This will ensure the State does business with the vendor according to the … Selecting the Correct Vendor Location in SFS …
https://www.osc.ny.gov/state-agencies/advisories/vendor-file-advisory/11-vendor-location