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Elmira 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-76South Mountain Hickory Common School District – Financial Management (2022M-49)
… could have used surplus fund balance to reduce the tax levy, rather than increasing the 2021-22 school year levy … balance limit established by New York State Real Property Tax Law Section 1318. Develop accurate and reliable annual …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/24/south-mountain-hickory-common-school-district-financial-management-2022mVillage of South Glens Falls – Financial Condition and Budgeting Practices (2014M-102)
… if realized, would have resulted in unrestricted fund balance deficits. Key Recommendations Develop and adopt … for revenues, expenditures and the amount of fund balance appropriated to finance operations. Accurately project the amount of available fund balance prior to appropriating it as a financing source for …
https://www.osc.ny.gov/local-government/audits/village/2014/07/03/village-south-glens-falls-financial-condition-and-budgeting-practices-2014m-102Town 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-329Village of Fort Ann – Financial Condition (2014M-197)
… for the period March 1, 2011 through February 28, 2014. Background The Village of Fort Ann is located in …
https://www.osc.ny.gov/local-government/audits/village/2014/11/14/village-fort-ann-financial-condition-2014m-197Town of German Flatts - Financial Condition and Conflict of Interest (2019M-222)
… managed the Town’s financial condition. The combined fund balance of the four main operating funds declined $144,719, from a $57,650 deficit balance at the end of 2014 to a $202,369 deficit balance of at the end of 2018. The Board has not adopted …
https://www.osc.ny.gov/local-government/audits/town/2020/02/14/town-german-flatts-financial-condition-and-conflict-interest-2019m-222Iroquois Central School District - Financial Management (2018M-102)
… Appropriations were overestimated by an annual average of $2.3 million. As a result, appropriated fund balance, … and District officials did not prepare an annual report of reserves, as required by the District’s policy. The … Adopt budgets with realistic, transparent estimates of appropriations and appropriated fund balance. Review all …
https://www.osc.ny.gov/local-government/audits/school-district/2018/08/17/iroquois-central-school-district-financial-management-2018m-102Town of Palatine – Town Clerk/Tax Collector and Financial Management (2017M-101)
… by adopting realistic budgets, establishing a fund balance policy and developing long-term financial and capital … by adopting realistic budgets and establishing a fund balance policy, a long-term financial plan and a long-term … Board should adopt realistic budgets and establish a fund balance policy, a long-term financial plan and a long-term …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-palatine-town-clerktax-collector-and-financial-management-2017m-101Catskill Central School District – Financial Management (2017M-134)
… five years (2011-12 through 2015-16). Unrestricted fund balance totaled $5.5 million as of June 30, 2016 and was 14 … at a level greater than needed. Maintain unrestricted fund balance within the statutory limit and develop a plan to reduce unrestricted fund balance in a manner that benefits District residents. …
https://www.osc.ny.gov/local-government/audits/school-district/2017/09/29/catskill-central-school-district-financial-management-2017m-134Scotia-Glenville Central School District - Financial Condition Management and Extra-Classroom Activities (2017M-288)
… ScotiaGlenville Central School District Financial Condition Management and …
https://www.osc.ny.gov/local-government/audits/school-district/2018/06/01/scotia-glenville-central-school-district-financial-condition-managementState Comptroller DiNapoli Releases School Audits
… a liability totaling $638,885 and did not transfer unused flex spending moneys totaling $250,047 to the general fund, which … County) District officials did not properly manage and account for the district’s capital projects. Auditors …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-school-audits-2Letchworth Central School District - Reserves (2018M-176)
… requirements and in a manner that benefits taxpayers. District officials disagreed with certain aspects of our … Appendix B includes our comments on issues raised in the District’s response letter. …
https://www.osc.ny.gov/local-government/audits/school-district/2019/01/18/letchworth-central-school-district-reserves-2018m-176Other Bulletin No. 69
… list on 03/31/2023 becomes eligible if they return to the payroll or are appointed to an eligible position between … requirement following the employee’s return to active payroll status. Demotions after 03/31/2023: An employee … Report to inactive individuals who are 62 or older in the calendar year and to active employees with the New York …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-69-april-2023-state-university-construction-fund-scfOther Bulletin No. 63
… list on 03/31/2022 becomes eligible if they return to the payroll or are appointed to an eligible position between … requirement following the employee’s return to active payroll status. Demotions after 03/31/2022: An employee who … Report to inactive individuals who are 62 or older in the calendar year and to active employees with the New York …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-63-april-2022-state-university-construction-fund-scfOther Bulletin No. 76
… in the calculation of overtime compensation (refer to the Online Payroll Manual accessed from the PayServ Bulletin …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-76-april-2024-state-university-construction-fund-scfCanajoharie Central School District – Financial Condition and Extra-Classroom Activity Fund (2015M-339)
… Board adopted realistic budgets and properly managed fund balance and reserves and if District officials properly … as of June 30, 2015. The District’s unrestricted fund balance has been in excess of the limits established by New … for expenditures to finance operations. Ensure the balance retained in the District’s retirement contribution …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/01/canajoharie-central-school-district-financial-condition-and-extraWainscott Common School District – Financial Condition (2013M-268)
… same time period, the District increased the real property tax levy by more than $325,000. The District has not … surplus fund balance is in compliance with Real Property Tax Law statutory limits. Develop a multiyear plan that …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/wainscott-common-school-district-financial-condition-2013m-268Frankfort-Schuyler Central School District – Financial Management (2016M-226)
… Findings District officials did not adopt budgets based on historical or known trends but instead overestimated … and the use of fund balance in the annual budget based on historical and known trends. Ensure that the amount of the …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/30/frankfort-schuyler-central-school-district-financial-management-2016m-226Hyde Park Central School District – Financial Management Practices (2012M-172)
… our scope to 2007-08 to analyze budgeting practices, fund balance trends, and reserve account balances and to the … and take corrective action to address the excessive fund balance in the general fund. In addition, the Board did not … years to project expenditures. Maintain unassigned fund balance within the allowed legal limits. Develop a plan to …
https://www.osc.ny.gov/local-government/audits/school-district/2013/01/25/hyde-park-central-school-district-financial-management-practices-2012mGermantown Central School District – Financial Management (2013M-230)
… the fiscal years 2009-10 through 2012-13, levied more real property taxes than necessary and retained large amounts of …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/17/germantown-central-school-district-financial-management-2013m-230