View the 2011 Adopted Budget for Detail and Information

Town of Ossining Fund Balance Policy (Passed by Town Board June 2, 2010)

Report on Town Finances for the Second Quarter Ended June 30, 2010
Justice Court - Finance Audit 2009

2009 Financial Statements and Supplementary Information
2009 Comptroller's Report on Finances
Archive – Voucher Detail Reports: Approved vouchers by the Town Board.

Town of Ossining Fund Balance Policy

The Town of Ossining (the “Town”) has an important responsibility to its citizens to carefully account for public funds, to manage municipal finances wisely and to plan the adequate funding of services desired by the public, including the provision and maintenance of public facilities.

An important indicator of the financial stability of the Town is its un-reserved fund balance that represents the un-assigned and unencumbered balance of the Town’s revenues held in the Town’s numerous funds.

Download the Fund Balance Policy for full details...

2009 Year- End Financial Summary Points

• Using careful cost and expense control the Town of Ossining spent less than budgeted across all funds in 2009 - saving 9% in Town General; 5.75% in Town Unincorporated and 5% in the Highway fund.  These were further reductions after the modified budget reductions adopted in early 2009.
• The Town acts as the fiscal agent for collecting school taxes for Briarcliff and Ossining school districts and Westchester County. The Town pays the entire amount of taxes due to those entities regardless of whether or not taxpayers have paid their taxes.
• As of December 2009, the town is owed over $1.2 million in unpaid taxes.  The Town will ultimately be paid these back taxes and penalties, through various means such as tax payment plans for taxpayers or through mortgage holders, or, as a last resort, through property foreclosure.
• Although previous budgets, including the 2009 budget adopted in December 2008, had depleted the Town’s reserve fund balance, cost cutting measures in 2009 began to replenish the fund balances.  The 2010 adopted budget did not appropriate any fund balance. The adopted 2010 had a budget-to-budget decrease of over 8%.
• The Town Board is currently reviewing a draft Fund Balance Policy, which was crafted by the newly-formed Citizen Budget Advisory Committee.

View the 2011 Adopted Budget page for Detail and Information

Town of Ossining Fund Balance Policy (Passed by Town Board June 2, 2010)

Report on Town Finances for the First Quarter Ended March 31, 2010

Justice Court - Finance Audit 2009

Financial Statements and Supplementary Information with Independent Auditors' Report - Year Ended December 31, 2009

Comptroller's Report on Finances for the Year Ended December 31, 2009

Download from the Archives...

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