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Examples from GASB Statement 34 - Statement of Net Assets
… 06856 are reprinted by permission. Sample City Statement of Net Assets December 31, 2002 … NET ASSETS Invested in capital assets, net of related debt 103,711,386 73,088,574 176,799,960 15,906,392 … Examples from GASB Statement 34 Statement of Net Assets …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-net-assetsVillage of Northville – Joint Youth Activity Program (2016M-339)
… $37,000 for fiscal year 2015-16. Key Findings Bank statements and reconciliations were not provided to the … to the Treasurer for deposit. Key Recommendations Review bank statements in conjunction with a review of the bank reconciliations to ensure a proper review of the …
https://www.osc.ny.gov/local-government/audits/joint-activity/2016/12/09/village-northville-joint-youth-activity-program-2016m-339Town of Lisle – Highway Department Long-Term Planning (2022M-183)
… result: 10 of the 15 pieces of major highway equipment and vehicles (67 percent) in use were between three and 17 years … life. Out of the 10 pieces of major highway equipment and vehicles reviewed, seven required repairs during the audit …
https://www.osc.ny.gov/local-government/audits/town/2023/03/17/town-lisle-highway-department-long-term-planning-2022m-183Town of Tompkins Fire District – Board Oversight (2023M-33)
… document (AUD) for fiscal years 2021 and 2022 . As of May 10, 2023, the 2021 AUD was 435 days late and the 2022 AUD was nine days late. In addition, two certificates of deposit (CDs) …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/06/23/town-tompkins-fire-district-board-oversight-2023m-33Greater Amsterdam School District – Capital Project (2022M-50)
Determine whether the Greater Amsterdam School District (District) Board of Education (Board) and officials properly managed the District’s capital project (project) that includes building improvements and safety upgrades.
https://www.osc.ny.gov/files/local-government/audits/2022/pdf/greater-amsterdam-2022-50.pdfFinancial Reports
… Annual Comprehensive Financial Report 2025 Annual Comprehensive Financial Report 2024 Annual Comprehensive Financial Report 2023 Annual Comprehensive Financial Report 2022 Annual … for NYSLRS such as the Annual Comprehensive Financial Report and the annual Actuarial Assumptions Report …
https://www.osc.ny.gov/retirement/resources/financial-reportsVillage of Penn Yan – Water Treatment Plant Overtime (2025M-6)
Determine whether Village of Penn Yan Village officials properly approved monitored and controlled overtime costs of water treatment plant WTP employees
https://www.osc.ny.gov/local-government/audits/village/2025/07/25/village-penn-yan-water-treatment-plant-overtime-2025m-6Town of Kent – Procurement and Information Technology (2017M-85)
… Internet use by Town employees including visiting websites for online banking and investment, shopping, travel, … filter that restricts software installation and access to websites. Adopt a comprehensive disaster recovery plan that …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kent-procurement-and-information-technology-2017m-85Village of Bellerose – Procurement and Cash Receipts (2014M-218)
… adopt policies to govern the use of the Village’s credit cards. The Treasurer has incompatible financial duties … policies and procedures to govern the use of credit cards. Develop and adopt written policies and procedures over …
https://www.osc.ny.gov/local-government/audits/village/2014/11/21/village-bellerose-procurement-and-cash-receipts-2014m-218Village of Dannemora – Internal Controls Over Cash Receipts (2013M-7)
… Establish procedures for the water, sewer, and property tax billing and collection processes that properly segregate …
https://www.osc.ny.gov/local-government/audits/village/2013/03/29/village-dannemora-internal-controls-over-cash-receipts-2013m-7CUNY Bulletin No. CU-397
… Purpose To explain the agency procedures for reporting rate increases and adjustments for miscellaneous earnings. Affected Employees CUNY employees … This bulletin explains the agency procedures for reporting rate increases and adjustments for miscellaneous earnings …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-397-retroactive-rate-increases-cement-masonsOpinion 93-24
… competitive sports facilities such as softball fields and tennis courts. You ask whether a fire district may improve … competitive sports facilities such as softball fields and tennis courts. If so, you also ask whether the fire district … or social purposes unless the facility would primarily serve a fire district purpose. The provision of facilities …
https://www.osc.ny.gov/legal-opinions/opinion-93-24PSCH, Inc.
… as administrative expenses, including $10,723 for alcohol, $5,064 for guests that were not Board members or … Consolidated Fiscal Reporting and Claiming Manual (e.g. alcohol, entertainment expenses). Ensure PSCH staff receive …
https://www.osc.ny.gov/state-agencies/audits/2015/05/19/psch-incState Agencies Bulletin No. 1627
… 1256 ) Legislation required the employee contribution rate to be based on the employee’s annual wage. Once a Tier 6 … reached three years of membership, his or her contribution rate is based on total pensionable earnings from two years … The employee contribution rates are: Wages Contribution Rate $45,000 or less 3% $45,000.01 to $55,000 3.5% $55,000.01 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1627-two-year-look-back-tier-6-tiaa-voluntary-defined-contribution-vdcState Agencies Bulletin No. 1539
… 1256 ) Legislation required the employee contribution rate to be based on the employee’s annual wage. Once a Tier 6 … reached three years of membership, his or her contribution rate is based on total pensionable earnings from two years … The employee contribution rates are: Wages Contribution Rate $45,000 or less 3% $45,000.01 to $55,000 3.5% $55,000.01 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1539-two-year-look-back-tier-6-tiaa-voluntary-defined-contribution-vdcOpinion 89-35
… MUNICIPAL FUNDS -- Deposits and Investments (authority to make temporary investments) TOWN BOARD -- Powers and … investments) TOWN COMPTROLLER -- Powers and Duties (extent to which comptroller may be authorized to exercise the powers of the supervisor); (designation of …
https://www.osc.ny.gov/legal-opinions/opinion-89-35DiNapoli Finds Slow Property Tax Growth for Local Governments
… Municipalities and school districts face growing challenges to keep pace … suggest an improving economy, property tax growth is slow and the pressure remains on local governments to do more with less.” Local government revenues increased by 1.9 and 1.4 percent in FYE 2012 and 2013, respectively, just …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-finds-slow-property-tax-growth-local-governments2025 Employees' Retirement System Final Rates
Contribution rates for participating employers of the Employees' Retirement System (ERS) — fiscal year 2024, 2025 and expected long-term rates.
https://www.osc.ny.gov/files/retirement/resources/pdf/rates-ers-2025.pdfWashington County Local Development Corporation – Revolving Loan Program (2021M-57)
Determine whether Washington County Local Development Corporation (Corporation) officials provided adequate approval and oversight of the revolving loan program.
https://www.osc.ny.gov/files/local-government/audits/2021/pdf/washington-co-ldc-2021-57.pdfJefferson County Industrial Development Agency (JCIDA) – Project Approval and Monitoring (2020M-70)
Determine whether officials appropriately evaluated projects prior to approval and subsequently monitored the performance of businesses that received financial
https://www.osc.ny.gov/files/local-government/audits/2020/pdf/jefferson-co-ida-2020-70.pdf