Fire District Legislation
This bulletin highlights changes to fire district accounting and reporting requirements, and clarifies the new auditing requirements.
Accounting Notices and Bulletins
January 2001: Accounting & Reporting of Expendable and Non-expendable Trusts
GASB Statement No. 34 makes significant changes to the accounting and reporting requirements for expendable and nonexpendable trusts. The statement eliminates the designation of expendable and nonexpendable trust funds and creates new funds based on the ability to use these resources for governmental purposes.
August 1999: New York State Environmental Facilities Corporation State Revolving Loan Funds
Since 1990 the New York State Environmental Facilities Corporation (EFC), through its revolving loan fund, has provided over 330 local governments and public authorities nearly $5 billion in long and short term loans to finance eligible clean water and drinking water projects.
This bulletin describes the types of loans that are currently available from the revolving fund (long term leverage loans, short term direct loans, and long term direct loans) and the proper accounting treatment for each loan type.
Accounting for Registrar Fees By City Clerks, Town Clerks and Village Clerks Who Are Unsalaried Registrars of Vital Statistics and Accounting for Emergency Disaster Work
Issued to: County, City, Town and Village Chief Fiscal Officers
Accounting for Deficiency Notes
Deficiency notes may be issued during a fiscal year to finance a deficiency in any fund or funds arising from revenues being less than the amount estimated in the budget for that fiscal year. The deficiency notes may not exceed five percent of the amount of that same year’s annual budget.
Accounting for Gifts and Donations to the Drug Abuse Resistance Education (D.A.R.E.) Program
The purpose of this release is to provide accounting and reporting guidance for gifts and donations restricted to use for D.A.R.E. Programs.
Reserve for Excess Tax Levy
Chapter 97 of the Laws of 2011 established a property tax levy limit (generally referred to as the tax cap) that restricts the amount of property taxes local governments (including counties, cities, towns, villages, fire districts, and special districts) and school districts can levy. Under this legislation, the property tax levy for affected local governments and school districts cannot increase more than 2 percent, or the rate of inflation, whichever is lower, with some exceptions.
“Piggybacking” Law - Exception to Competitive Bidding
View the attachment for more information about: "Piggybacking" On Certain Other Governmental Contracts – Exception to Competitive Bidding (Updated – March 2025)