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Opinion 92-11
Whether a union free school district which maintains an insurance reserve pursuant to General Municipal Law 6n may transfer the moneys in that reserve fund to establish a reserve for property loss and liability claims under Education Law 17098c
https://www.osc.ny.gov/legal-opinions/opinion-92-11State Comptroller DiNapoli Releases Municipal Audits
… officials adequately considered the impact of the pandemic on their financial operations while developing their 2021 … officials adequately assessed the impact of the pandemic on financial operations while developing estimates for … officials adequately assessed the impact of the pandemic on financial operations while developing estimates for …
https://www.osc.ny.gov/press/releases/2021/05/state-comptroller-dinapoli-releases-municipal-audits-1CUNY Bulletin No. CU-207
… by the CUNY Research Foundation (CUNY RF) for research work performed. The payment is processed through the Payroll … be reported using the attached Summer Research Lag Payment Schedule. The earnings are pensionable and subject to dues. … This Earnings Code will allow for earnings to be paid in a single or multiple payments. Agency Actions The agency must …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-207-grant-payments-summer-researchEldred Central School District - Financial Condition (2018M-138)
… may not be able to pay back. Key Recommendations Establish a multiyear financial plan that seeks to fund recurring … revenues. Implement cost savings and revenue enhancements for the school lunch fund to be less reliant on the general fund for subsidies and loans. District officials agreed with our …
https://www.osc.ny.gov/local-government/audits/school-district/2018/10/19/eldred-central-school-district-financial-condition-2018m-138Village of Walden – Financial Condition (2017M-255)
… fund balance policy and its general fund balance decreased from $859,588 to $379,387 from 2013 to 2017. The sewer fund has not repaid the general … 2016. The Village has no comprehensive multiyear financial plan. Key Recommendations Adopt a fund balance policy. The …
https://www.osc.ny.gov/local-government/audits/village/2018/02/02/village-walden-financial-condition-2017m-255Lyme Central School District – Financial Condition (2016M-383)
… Jefferson County. The District, which operates one school with approximately 350 students, is governed by an elected … officials did not maintain fund balance in accordance with statutory requirements. Key Recommendations Adopt … of the District’s unrestricted fund balance complies with the statutory limit and use any excess unrestricted fund …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/23/lyme-central-school-district-financial-condition-2016m-383Walton Central School District – Financial Condition (2014M-118)
… Background The Walton Central School District is located in the Towns of Walton, Franklin, Hamden, Masonville, Sidney and Tompkins in Delaware County. The District is governed by an elected …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/29/walton-central-school-district-financial-condition-2014m-118Village of Potsdam – Financial Condition (2017M-61)
… fund balances, and the general fund’s unrestricted fund balance was relatively low, at approximately 4.5 percent of … deficits in the operating funds and to increase fund balance to the levels established in the Board’s fund balance policy. Develop and adopt multiyear financial and …
https://www.osc.ny.gov/local-government/audits/village/2017/05/26/village-potsdam-financial-condition-2017m-61Town of Colchester – Financial Condition (2016M-376)
… Purpose of Audit The purpose of our audit was to assess the Town’s financial condition for … committed and reserved fund balances and how and when committed and reserved funds will be used. Adopt …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-colchester-financial-condition-2016m-376Little Falls City School District - Financial Condition Management (2019M-67)
… reasonable, District officials failed to use surplus funds in a manner that benefits the taxpayers and reduces the …
https://www.osc.ny.gov/local-government/audits/school-district/2019/06/14/little-falls-city-school-district-financial-condition-management-2019m-67Mottville Fire District - Budgeting and Financial Recordkeeping (2020M-26)
… a fund balance policy or establish targeted funding levels for its reserve funds. The Treasurer did not maintain accurate and reliable accounting records. Key Recommendations Prepare budgets that … accounting and reporting manual for fire districts. District officials agreed with our recommendations and have …
https://www.osc.ny.gov/local-government/audits/fire-district/2020/05/15/mottville-fire-district-budgeting-and-financial-recordkeeping-2020m-26State Comptroller DiNapoli Releases School District Audits
… and have used $1.5 million in appropriated fund balance to fund operations. Because of the district’s ongoing reliance on fund balance to finance expenditures, the total fund balance has declined … not adopt multiyear financial and capital plans. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/10/state-comptroller-dinapoli-releases-school-district-auditsState Comptroller DiNapoli Releases School Audits
… to ensure money is being spent appropriately and effectively. The Comptroller’s audits are designed to help …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-school-auditsState Comptroller DiNapoli Releases Municipal Audits
… services or professional services or ensure no conflicts of interest existed. Auditors found no competition was sought … or written quotes were not always obtained when goods and services were procured. Auditors also found 23 purchases … company for about 10 years. City of Glen Cove Industrial Development Agency – Project Approval and Monitoring (Nassau …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-audits-2Newfield Central School District – Financial Condition (2013M-238)
… officials did not ensure reasonable levels of fund balance were maintained. While their budgets included the use … the amount of surplus increased the District’s total fund balance by $521,000 over a five-year period. Some of the … understated liabilities would increase the available fund balance by more than $1.8 million. This would cause the fund …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/newfield-central-school-district-financial-condition-2013m-238Elba Central School District – Financial Condition (2013M-240)
… in each of the last five fiscal years to reduce the tax levy, the Board over-estimated expenditures by an average … would have in reducing fund balance or the property tax levy. District officials also used some of the annual …
https://www.osc.ny.gov/local-government/audits/school-district/2013/10/25/elba-central-school-district-financial-condition-2013m-240Town of Pleasant Valley – Financial Management (2024M-158)
… to fund operations, including $439,870 in the general fund for the audit period and $603,395 in four of the five years reviewed for the highway fund. Accumulated surpluses resulting in … funds will be used. As a result, there was no rationale for accumulating significant fund balances. Did not adopt a …
https://www.osc.ny.gov/local-government/audits/town/2025/05/09/town-pleasant-valley-financial-management-2024m-158State Comptroller DiNapoli Releases School Audits
… period. This occurred because the board has not adopted a payroll policy and district officials have not established …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-school-audits-2City of Geneva – Financial Management (2015M-105)
… Background The City of Geneva is located in Ontario County and has a population of approximately 13,200. The Common Council is the legislative and governing body. Budgeted appropriations for 2015 total … or prior year amounts when producing budgets for 2012-14, and the Council, therefore, adopted unrealistic budgets. Fund …
https://www.osc.ny.gov/local-government/audits/city/2015/08/28/city-geneva-financial-management-2015m-105Iroquois Central School District - Financial Management (2018M-102)
… which annually averaged $1.8 million, was not needed to finance operations. The Board and District officials did not transparently budget to fund a capital reserve. The Board did not review all … and appropriated fund balance. Review all reserves to determine whether balances are necessary and reasonable, …
https://www.osc.ny.gov/local-government/audits/school-district/2018/08/17/iroquois-central-school-district-financial-management-2018m-102