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Service Credit Purchase Payments – Legacy Reporting
… If members choose to purchase credit for their previous service, they have the option to pay the required … contributions, plus interest (if applicable), by means of: A single lump sum payment; or Transferring funds through …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/service-credit-purchase-paymentsPawling Central School District – Selected Financial Activities (2012M-185)
… Purpose of Audit The purpose of our audit was to examine selected … the District’s capital projects and tax certiorari reserve funds. District officials overfunded the High School Roof … duties of the Treasurer and Deputy Treasurer so that they do not control all aspects of any financial transaction. …
https://www.osc.ny.gov/local-government/audits/school-district/2013/02/08/pawling-central-school-district-selected-financial-activities-2012m-185DiNapoli: Pharma Company Agrees To Bar Its Drugs From Use In State Executions
… New York State Comptroller Thomas P. DiNapoli announced that in … State Common Retirement Fund is the third largest public pension fund in the United States with assets of $176.8 …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-pharma-company-agrees-bar-its-drugs-use-state-executionsAudit of the Tuition Assistance Program at Plaza College
… Education Services Corporation should recover $549,316, plus applicable interest, from Plaza College. The State …
https://www.osc.ny.gov/state-agencies/audits/2013/11/05/audit-tuition-assistance-program-plaza-collegeDiNapoli: Number of New Yorkers Behind on Utility Bills Soared During Pandemic
… quarter of 2022, the number of customers behind on their bills fell by about 50,000 to 1.2 million while the total … Yorkers who continue to have trouble paying their utility bills,” DiNapoli said. “Failure to pay these bills may result in service shutoffs, which increases …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-number-new-yorkers-behind-utility-bills-soared-during-pandemicDiNapoli: Tax Cap Set at 2% in 2023
… increases that exceed the amounts they are set to receive in their final round of American Rescue Plan Act (ARPA) … first applied to local governments and school districts in 2012, limits annual tax levy increases to the lesser of … Dec. 31) had their levy growth capped at that amount. In accordance with state law, DiNapoli’s office calculated …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-tax-cap-set-2-percent-2023Town of Fremont – Operating Budget and Cash Disbursements (2013M-85)
… to review the Town’s operating budgets and disbursements for the period January 1, 2011, to November 15, 2012. … Supervisor. The Town reported expenditures of $244,200 for the general fund, $850,027 for the highway fund and $10,624 for the water fund for …
https://www.osc.ny.gov/local-government/audits/town/2013/07/05/town-fremont-operating-budget-and-cash-disbursements-2013m-85City of Lockport – Budget Review (B24-1-8)
… independent evaluation of the City’s proposed budget for 2025. Background Chapter 332 of the Laws of 2014, as amended … The overtime appropriations in the proposed 2025 budget were reasonable. In October 2024, after we were presented with the proposed 2025 budget, the Common Council amended the 2024 budget by …
https://www.osc.ny.gov/local-government/audits/city/2024/11/08/city-lockport-budget-review-b24-1-8Opinion 92-48
… on the issues discussed in the opinion. MUNICIPAL FUNDS -- Mandatory Reserve Fund (need to establish); (use of entire … issuance of outstanding obligations need not establish a mandatory reserve fund if the proceeds of the sale of the … Law, §6-l relates, inter alia , to the establishment of mandatory reserve funds by municipal corporations, fire …
https://www.osc.ny.gov/legal-opinions/opinion-92-48Monitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate Facility Maintenance
… maintenance, and preservation of burial grounds for all not-for-profit cemetery corporations (cemeteries) in New York State. As authorized by Article 15 of the … to broadly and routinely analyze the fiscal health of all 1,745 cemeteries under its jurisdiction. As a result, it …
https://www.osc.ny.gov/state-agencies/audits/2017/07/11/monitoring-not-profit-cemeteries-fiscal-stability-and-adequate-facility-maintenanceState Comptroller DiNapoli Releases School Audits
… New York State Comptroller Thomas P. DiNapoli today announced his … Brian Butry at 518-474-4015 or email: bbutry@osc.state.ny.us . Barker Central School District – Purchasing (Erie … (Schuyler County) Officials overestimated general fund appropriations for the 2012-13 through 2014-15 fiscal …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-school-audits-2DiNapoli: Monroe County Failed to Monitor Contractor Operating Golf Courses, Costing Taxpayers
… as well as expenditures it promised to make, and kept funds totaling more than $246,000 that should have been spent … As a result, the county will need to invest additional funds into the golf courses that should have been covered by …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-monroe-county-failed-monitor-contractor-operating-golf-courses-costing-taxpayersDiNapoli Reaffirms Commitment to DEI Initiatives
… address a lack of diversity, the Fund may withhold support from incumbent nominating committee nominees or all incumbent …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-reaffirms-commitment-dei-initiativesDiNapoli: New York City's Budget Outlook Improves
… revenues and planned cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but … P. DiNapoli’s analysis of the city’s latest financial plan . “New York City’s finances were boosted by …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: NYC's 2024 Budget Balanced, but Risks Loom
… helped New York City balance its $112.6 billion budget for city fiscal year (FY) 2024, despite $2.9 billion in costs … federal policy response including funding, according to a report on the city’s June 2023 financial plan released today … the city to increase spending at a time when demand for services is on the rise,” DiNapoli said. “Continued …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-nycs-2024-budget-balanced-risks-loomDiNapoli: Pre-K Special Education Schools Took $1.4 Million in Unallowed Expenses
… in taxpayer reimbursements for ineligible costs, according to audits released today by New York State Comptroller Thomas P. DiNapoli. “Our audits continue to find special education providers that make poor financial … decisions like awarding excessive executive pay or failing to document and justify the taxpayer dollars they spend,” …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-pre-k-special-education-schools-took-14-million-unallowed-expensesState Comptroller DiNapoli Releases Audits
… two sampled airport system leases, auditors found that a property leased from a municipality for future development of …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-dinapoli-releases-auditsState Comptroller DiNapoli Releases School Audits
… P. DiNapoli today announced his office completed audits of the Canisteo-Greenwood Central School District , … the appropriate and necessary levels for reserve funds and how they are to be monitored, analyzed and maintained. The …
https://www.osc.ny.gov/press/releases/2017/01/state-comptroller-dinapoli-releases-school-auditsWhat is a Defined Benefit Plan?
… the biggest contributor to your pension plan is the New York State Common Retirement Fund . Over the past 20 … plans, employers may contribute a set amount or “match” all or part of an employee’s contributions, but not all defined contribution plans include employer …
https://www.osc.ny.gov/retirement/members/defined-benefit-planImplications for the Future – 2022 Financial Condition Report
… The Economic Outlook: Uncertainty Remains As the world faced … other essential programs. In recent years, for example, new federal funding has helped to extend health coverage to … spending, as several reports by the Office of the New York State Comptroller have shown. However, the most recent …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-future