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Mexico Academy Central School District –Financial Management (2016M-219)
… if District officials effectively managed the District’s finances for the period July 1, 2014 through April 5, 2016. … District is located in the Towns of Hastings, Mexico, New Haven, Palermo, Parish, Richland, Scriba and Volney, … fiscal year, the selected reserves and unassigned fund balance will be depleted if projected expenditure growth is …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/09/mexico-academy-central-school-district-financial-management-2016m-219Churchville-Chili Central School District – Financial Management (2015M-354)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial … students, is governed by an elected nine-member Board of Education. Budgeted appropriations for the 2015-16 fiscal …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/08/churchville-chili-central-school-district-financial-management-2015m-354Eldred Central School District – Budget Review (B4-15-3)
… in real property taxes, which complies with the tax cap limits established by law. Key Recommendations Reevaluate …
https://www.osc.ny.gov/local-government/audits/school-district/2015/04/08/eldred-central-school-district-budget-review-b4-15-3Corinth Central School District – Financial Condition (2015M-68)
… District officials did not develop a multiyear financial plan to address the use of restricted and unrestricted fund … source. Develop a comprehensive multiyear financial plan to establish objectives for funding long-term needs. …
https://www.osc.ny.gov/local-government/audits/school-district/2015/06/05/corinth-central-school-district-financial-condition-2015m-68Monticello Central School District – Budgeting (2014M-97)
… unnecessary burden on taxpayers. Unexpended surplus fund balance exceeds the statutory maximum and continues to grow. … necessary. Reduce the amount of unexpended surplus fund balance in a manner that benefits District taxpayers and … balances and transfer excess funds to unrestricted fund balance or other reserves in compliance with statutes. … …
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/05/monticello-central-school-district-budgeting-2014m-97Warsaw Central School District – Financial Management (2016M-278)
… 2012 through June 13, 2016. Background The Warsaw Central School District is located in the Towns of Gainesville, Java, … pay debt service principal and interest. … Warsaw Central School District Financial Management 2016M278 …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/16/warsaw-central-school-district-financial-management-2016m-278Watervliet City School District – Fiscal Stress (2014M-149)
… to provide sufficient cash flow and avoid relying on short-term borrowing. Monitor capital project activity to …
https://www.osc.ny.gov/local-government/audits/school-district/2014/11/07/watervliet-city-school-district-fiscal-stress-2014m-149Chenango Forks Central School District – Financial Condition (2014M-98)
… benefit expenditures led to a decrease in total fund balance. Therefore, District officials may need to find other … Closely monitor the level of unrestricted fund balance and reduce reliance on fund balance as a financing source, while continuing to evaluate …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/08/chenango-forks-central-school-district-financial-condition-2014m-98Van Hornesville-Owen D. Young Central School District – Financial Management (2020M-125)
… annually appropriating fund balance that was not needed to finance operations contributed to the District maintaining a surplus fund balance that … limit and use the excess funds in a manner beneficial to taxpayers. Adopt a multiyear financial plan. District …
https://www.osc.ny.gov/local-government/audits/school-district/2021/01/22/van-hornesville-owen-d-young-central-school-district-financial-managementTown of Edinburg – Justice Court Operations (2014M-226)
… adequate case files. The reconciled bail bank account balance did not agree with the Justice’s accounting records. … in the case files and court records. Reconcile the bail balance to identify the cause of the discrepancy between the Justice’s records and the bank account balance. Periodically review reports of undisposed cases to …
https://www.osc.ny.gov/local-government/audits/justice-court/2014/11/14/town-edinburg-justice-court-operations-2014m-226Town of Butler – Financial Management (2024M-119)
… Report (AFR), required to be filed with the Office of the New York State Comptroller (OSC). Key Recommendations The …
https://www.osc.ny.gov/local-government/audits/town/2024/12/24/town-butler-financial-management-2024m-119Town of Dayton – Audit Follow-Up (2019M-221-F)
… report – pdf] [read complete 2020 report – pdf] Purpose of Review The purpose of our review was to assess the Town of Dayton’s (Town) progress, as of November 2024, in implementing our recommendations in the audit report Town of Dayton – Fund Balance …
https://www.osc.ny.gov/local-government/audits/town/2025/03/14/town-dayton-audit-follow-2019m-221-fSouth Farmingdale Fire District - Financial Condition and Leave Benefits (2018M-29)
… Use surplus funds as a financing source for funding one-time expenditures, funding needed reserves or reducing property taxes. Adopt …
https://www.osc.ny.gov/local-government/audits/fire-district/2018/05/25/south-farmingdale-fire-district-financial-condition-and-leave-benefitsCity of Lockport - Budget Review (B19-1-7)
… if they retire in 2020. The proposed budget includes a tax levy of $13,044,260 which is the maximum levy that the … impose without the Common Council needing to override the tax levy limit. Key Recommendations City officials should … should be mindful of the legal requirement to maintain the tax levy increase to no more than the tax levy limit as …
https://www.osc.ny.gov/local-government/audits/city/2019/11/08/city-lockport-budget-review-b19-1-7City of Troy – Budget Review (B20-5-11)
… project the general fund having an unassigned fund balance of approximately $3 million at the end of 2020 or the same amount as the recorded unassigned fund balance at the end of 2019. However, the 2019 amount of unassigned fund balance has not been verified. The proposed refuse fund …
https://www.osc.ny.gov/local-government/audits/city/2020/11/06/city-troy-budget-review-b20-5-11State Agencies Bulletin No. 985
… only if employee is paid based on a per diem rate) FRC Fee Retirement Credit (adjust only if employee is paid based on a …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/985-retroactive-2010-performance-advances-graded-and-ns-equated-gradeCity of Glen Cove -- Budget Review (B17-7-12)
… 31, 2006. New York State Local Finance Law requires all local governments that have been authorized to issue …
https://www.osc.ny.gov/local-government/audits/city/2017/10/13/city-glen-cove-budget-review-b17-7-12Town of Oyster Bay – Financial Condition and Selected Financial Operations (2013M-54)
… total unreserved fund balance has declined by $25 million, from $14.7 million at the end of fiscal year 2007 to a fund … (TOV) total unreserved fund balance decreased from a surplus of $2.5 million at the end of fiscal year 2007 … Key Recommendations Develop a long-range financial plan that addresses the negative impact of its recurring …
https://www.osc.ny.gov/local-government/audits/town/2013/12/20/town-oyster-bay-financial-condition-and-selected-financial-operations-2013m-54Town of Parma – Financial Management and Information Technology (2012M-96)
… were funded primarily with real property taxes, sales tax, and State and Federal aid. Key Findings The Board did not allocate adequate …
https://www.osc.ny.gov/local-government/audits/town/2013/01/11/town-parma-financial-management-and-information-technology-2012m-96Town of Ontario – Board Oversight and Information Technology (2013M-105)
… for revenues and expenditures, and the amount of fund balance that would be available and used to balance the budget. These inaccurate budgets led to the … and water funds and, conversely, dangerously low fund balance in the sewer district fund. The Board has not …
https://www.osc.ny.gov/local-government/audits/town/2013/08/16/town-ontario-board-oversight-and-information-technology-2013m-105