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Examples from GASB Statement 34 - Sample City Balance Sheet Governmental Funds
… CT 06856 are reprinted by permission. Sample City Balance Sheet Governmental Funds December 31, 2002 General Fund HUD … Examples from GASB Statement 34 Sample City Balance Sheet Governmental Funds …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-2Economic and Demographic Trends – 2022 Financial Condition Report
… NYS GDP Nearly $1.5 Trillion in 2021 A state’s Gross Domestic Product (GDP) is the value of production originating … Provides information about the States Gross Domestic Product wages unemployment rate and population growth …
https://www.osc.ny.gov/reports/finance/2022-fcr/economic-and-demographic-trendsOpinion 94-16
Whether there would be a prohibited conflict of interest solely because an individual who is a member of the governing board of an industrial development agency IDA and treasurer of the IDA is also a stockholder of a local bank which has been named as one of the depositories for the IDA
https://www.osc.ny.gov/legal-opinions/opinion-94-16Comptroller DiNapoli Releases School Audits
… officials appropriated fund balance as a funding source for the past three years in amounts that were unnecessary and … action by preparing a projection of year-end fund balance for the food service fund while also improving the overall … less than planned and the district’s total fund balance for the general fund increased $4.8 million. During the same …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-school-audits-0State Comptroller DiNapoli Releases Municipal & School Audits
… Thomas P. DiNapoli today announced the following local government audits were issued. Hicksville Union Free School … Thomas P DiNapoli today announced the following local government audits were issued …
https://www.osc.ny.gov/press/releases/2023/09/state-comptroller-dinapoli-releases-municipal-school-auditsDiNapoli Releases Municipal Audits
… continues to provide taxpayers the assurance that their money is being spent appropriately and effectively.” Allegany …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-releases-municipal-auditsMeridale Rural Fire District - Management of Fund Balance (2018M-178)
… or other projections. Develop and adopt financial plans for the maintenance of a reasonable level of fund balance and …
https://www.osc.ny.gov/local-government/audits/fire-district/2018/11/30/meridale-rural-fire-district-management-fund-balance-2018m-178Niagara County Industrial Development Agency – Project Approval and Monitoring (2015M-93)
… Purpose of Audit The purpose of our audit was to review the IDA’s process for evaluating, approving and monitoring projects … created under New York State General Municipal Law. The IDA is governed by a Board of nine members who are appointed …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2015/09/11/niagara-county-industrial-development-agency-projectDutchess County – Financial Condition (2013M-370)
… with real property taxes, sales and use taxes and State and Federal aid. Key Finding The County enterprise … to cover their respective expenses. The County’s general fund has had to subsidize a significant portion of both … funds are more self-sufficient and less reliant on general fund subsidies. …
https://www.osc.ny.gov/local-government/audits/county/2014/03/14/dutchess-county-financial-condition-2013m-370Town of Red Hook - Financial Condition (2018M-171)
… Town of Red Hook Financial Condition 2018M171 …
https://www.osc.ny.gov/local-government/audits/town/2018/11/02/town-red-hook-financial-condition-2018m-171Village of Hobart - Board Oversight (2018M-88)
… taxpayers. A Trustee, as co-owner of a local hardware store, had a prohibited conflict of interest. 1 She received … as a result of 59 contracts totaling $2,398 between the store and the Village during our audit period. Key …
https://www.osc.ny.gov/local-government/audits/village/2018/08/24/village-hobart-board-oversight-2018m-88Village of Margaretville - Fiscal Management (2018M-78)
… the Board overestimated budgeted appropriations, resulting in general fund surpluses. As a result, the Town did not need …
https://www.osc.ny.gov/local-government/audits/village/2018/08/17/village-margaretville-fiscal-management-2018m-78Webster Central School District - Financial Condition (2018M-109)
… District officials appropriated nearly $28 million of fund balance (approximately $5.5 million each year) in the 2013-14 through 2017-18 budgets … trends or other known factors. Discontinue the practice of appropriating fund balance that is not needed or used to …
https://www.osc.ny.gov/local-government/audits/school-district/2018/09/14/webster-central-school-district-financial-condition-2018m-109Fulton City School District – Non-Payroll Cash Disbursements (2017M-144)
… Purpose of Audit The purpose of our audit was to determine whether District officials established a sufficient segregation of duties or compensating controls for non-payroll cash …
https://www.osc.ny.gov/local-government/audits/school-district/2017/10/13/fulton-city-school-district-non-payroll-cash-disbursements-2017m-144Greece Public Library – Information Technology (2017M-130)
… management, user accounts, access rights, backups, breach notification, hardware and software inventories, restricting …
https://www.osc.ny.gov/local-government/audits/library/2017/09/29/greece-public-library-information-technology-2017m-130Erie County Water Authority – Information Technology (2018M-9)
… used. Five of 10 tested employees visited social media, shopping websites and personal email, which could expose the …
https://www.osc.ny.gov/local-government/audits/county/2018/05/04/erie-county-water-authority-information-technology-2018m-9Science Academies of New York Charter Schools – Purchase versus Lease of Buildings (2017M-279)
… deciding whether to lease or purchase school buildings for the period July 1, 2014 through July 31, 2017. Background … has approximately 1,600 students. Budgeted appropriations for the 2017-18 fiscal year total approximately $21.6 …
https://www.osc.ny.gov/local-government/audits/charter-school/2018/03/30/science-academies-new-york-charter-schools-purchase-versus-lease-buildingsHartsdale Volunteer Fire Company – Board Oversight (2017M-227)
… received. Key Findings The Board did not provide oversight or ensure the Treasurer’s duties were adequately segregated or monitored. The Treasurer did not maintain accurate accounting records or prepare and provide the Board with monthly financial …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2018/02/09/hartsdale-volunteer-fire-company-board-oversight-2017m-227Town of Lincklaen – Board Oversight (2017M-37)
… necessary controls over the disbursement process to safeguard Town money. Key Recommendations Adopt a …
https://www.osc.ny.gov/local-government/audits/town/2018/01/26/town-lincklaen-board-oversight-2017m-37Village of Blasdell – Purchasing (2017M-195)
… approximately $82,400 showed no evidence of proposals or quotes. The purchasing policy contains inconsistent … for quotes and does not address professional services or quotes above $10,000 but below competitive bidding …
https://www.osc.ny.gov/local-government/audits/village/2018/01/19/village-blasdell-purchasing-2017m-195