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January 2001: Accounting & Reporting of Expendable and Non-expendable Trusts
… reported in the fiduciary funds, TE Fund (Expendable) and TN Fund (Non Expendable). GASB Statement No. 34 makes … Special Revenue Fund CM. Nonexpendable Trust Fund TN changes to Permanent Fund PN. Trusts that benefit … from beginning fund balance using residual equity transfer code 8019 in the Analysis of Fund Balance Statement of the …
https://www.osc.ny.gov/local-government/publications/january-2001-accounting-reporting-expendable-and-non-expendable-trustsState Comptroller DiNapoli Releases Municipal Audits
… made to obtain the best price. None of the 10 professional service providers reviewed with payments totaling $250,200 … balance and reserve policies. County of Otsego Industrial Development Agency (COIDA) – Oneonta Rail Yards Acquisition … plan for the 2017 acquisition of the rail yards. The property was acquired based on a $6 million to $20 million …
https://www.osc.ny.gov/press/releases/2022/02/state-comptroller-dinapoli-releases-municipal-auditsDiNapoli: Drastic State Revenue Shortfall in April
… for New York in April as a result of the COVID-19 pandemic and the three month extension of the state income tax filing … seen since the Great Depression,” DiNapoli said. “New York and other hard-hit states need the federal government to step … Enacted Budget projections. April Cash report Find out how your government money is spent at Open Book New York . Track …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-drastic-state-revenue-shortfall-aprilCincinnatus Fire District – Board Oversight (2025M-77)
… budget. Understanding the Audit Area A fire district board is responsible for providing proper oversight of a fire … effectiveness, and prevent fraud and misuse of funds. This is accomplished, in part, by monitoring financial and … These assets included items such as computers, cameras and night vision goggles. Adopt: A required code of ethics policy …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/12/24/cincinnatus-fire-district-board-oversight-2025m-77State Comptroller DiNapoli Releases Municipal & School Audits
… P. DiNapoli today announced the following local government and school audits were issued. Town of Guilford – Budgeting … realistic budgets. Estimated revenues were underestimated and appropriated fund balance was not used, resulting in unrestricted fund balance in the general and highway funds that exceeded the town’s fund balance …
https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-municipal-school-audits-0Comptroller DiNapoli Releases School District Audits
… and performed all aspects of financial transactions with little oversight. Auditors found they failed to sufficiently …
https://www.osc.ny.gov/press/releases/2020/03/comptroller-dinapoli-releases-school-district-audits-0Comptroller DiNapoli Releases School District Audits
… Central School District – Professional Services (Putnam County) District officials did not seek competition for … audit period. Buffalo Academy of Science Charter School – Procurement (Erie County) Auditors determined the school’s … data. Visit the Reading Room for contract FOIL requests, bid protest decisions and commonly requested data. …
https://www.osc.ny.gov/press/releases/2020/03/comptroller-dinapoli-releases-school-district-audits-1Perry Central School District – Financial Management (2017M-118)
… July 1, 2013 through February 24, 2017. Background The Perry Central School District is located in the Towns of Perry, Castile, Warsaw and Covington in Wyoming County and a … Perry Central School District Financial Management 2017M118 …
https://www.osc.ny.gov/local-government/audits/school-district/2017/10/06/perry-central-school-district-financial-management-2017m-118Harpursville Central School District - Financial Condition (2018M-120)
… 1, 2016 – April 24, 2018 We extended our audit period back to July 1, 2013 to analyze financial trends. Audit Objective Determine … through 2015-16, the District adopted budgets that planned to use $1.6 million of general fund balance and certain …
https://www.osc.ny.gov/local-government/audits/school-district/2018/09/07/harpursville-central-school-district-financial-condition-2018m-120Town of Franklin – Financial Condition (2018M-8)
… Since 2014, the town-outside-village (TOV) Highway fund balance decreased by 59 percent to $87,500, or 13 percent of … Reduce the Town’s reliance on TOV Highway fund balance as a financing source for recurring expenditures. The Supervisor should provide the Board with accurate balance sheet reports and complete a timely AUD each year, …
https://www.osc.ny.gov/local-government/audits/town/2018/03/23/town-franklin-financial-condition-2018m-8Alexander Central School District – Financial Condition (2015M-227)
… appropriated an average of approximately $670,000 in fund balance annually, which was not needed to fund operations due … District officials used approximately $2.5 million of fund balance to fund seven reserves that totaled approximately $5 … realistic estimates of expenditures and the use of fund balance in the annual budget. Use the excess amounts in …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/19/alexander-central-school-district-financial-condition-2015m-227Cuba-Rushford Central School District – Financial Management (2015M-125)
… limits. Reserves are overfunded by approximately $3.2 million. Key Recommendations Adopt budgets that include …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/28/cuba-rushford-central-school-district-financial-management-2015m-125Lewiston-Porter Central School District – Financial Condition (2014M-202)
… June 6, 2014. Background The Lewiston-Porter Central School District is located in the Towns of Lewiston and … LewistonPorter Central School District Financial Condition 2014M202 …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/lewiston-porter-central-school-district-financial-condition-2014m-202Portville Central School District – Financial Condition (2013M-384)
… million. Key Findings The Board failed to ensure that fund balance was maintained within legally established limits and … Recommendations Ensure that the unexpended surplus fund balance is in compliance with Real Property Tax Law statutory … limits and develop a plan for the use of excess fund balance. Develop a policy for establishing and using reserve …
https://www.osc.ny.gov/local-government/audits/school-district/2014/04/18/portville-central-school-district-financial-condition-2013m-384Port Byron Central School District – Financial Condition (2014M-71)
… The Port Byron Central School District is located in the Village of Port Byron and the Towns of Mentz, Montezuma, Conquest, Throop and Brutus in Cayuga County and the Town of Savannah in Wayne County. The District, which is governed by …
https://www.osc.ny.gov/local-government/audits/school-district/2014/07/03/port-byron-central-school-district-financial-condition-2014m-71Town of Arietta – Budgeting (2016M-308)
… Purpose of Audit The purpose of our audit was to evaluate the Town’s budgeting practices … January 1, 2013 through June 30, 2016. Background The Town of Arietta is located in Hamilton County and has a population … Town of Arietta Budgeting 2016M308 …
https://www.osc.ny.gov/local-government/audits/town/2017/11/20/town-arietta-budgeting-2016m-308Town of Kortright – Financial Management (2016M-397)
… by an elected five-member Town Board. The general and highway funds’ budgeted appropriations for 2017 total … totaling $358,706 in the general fund and $515,112 in the highway fund without clear plans for the use of these … funds. The Board has not adopted long-term financial and infrastructure plans that set forth the Town’s objectives and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kortright-financial-management-2016m-397Town of Greene – Budget Practices (2016M-409)
… officials’ budget practices for the four major operating funds, which include the general and highway town-wide funds and the general and highway town-outside-village funds, for the period January 1, 2015 through October 11, …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-greene-budget-practices-2016m-409Town of Taylor – Financial Management (2016M-391)
… 1, 2015 through September 8, 2016. Background The Town of Taylor is located in Cortland County and has a population of … Town of Taylor Financial Management 2016M391 …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-taylor-financial-management-2016m-391Greenport Union Free School District – Financial Condition (2014M-203)
Greenport Union Free School District Financial Condition 2014M203
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/05/greenport-union-free-school-district-financial-condition-2014m-203