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What is a Defined Benefit Plan?

… to recruit and retain qualified employees. Employers can reduce the risk of employee turnover, which can help cut training costs and improve productivity. Defined … account, so market downturns, especially near retirement, can affect the value of the benefit. During retirement, the …

https://www.osc.ny.gov/retirement/members/defined-benefit-plan

Opinion 88-74

… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … course of action. June 24, 1988 Cornelius F. Healy Deputy State Comptroller … Whether it is legal for municipalities to …

https://www.osc.ny.gov/legal-opinions/opinion-88-74

XIV.4.B Establishment and Closing of Bank Accounts – XIV. Special Procedures

… Operations Cash Management Unit (BSAO CMU) to establish a new bank account through a request in writing. Upon receipt … is necessary for its operations. To ensure that each new account is established consistent with the overall … where applicable; Justification for establishing the new account; Estimated initial balance; Estimated maximum …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv4b-establishment-and-closing-bank-accounts

Collection of Lease and Permit Revenues (2012-S-6), 90-Day Response

To determine whether the Department of Transportation is collecting all lease and permit revenues it is owed.

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2012-12s6-response.pdf

Collection of Lease and Permit Revenues (2012-S-6)

To determine whether the Department of Transportation is collecting all lease and permit revenues it is owed.

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2012-12s6.pdf

Is there a Procurement Opportunity?

Presentation from 2018 Fall Conference

https://www.osc.ny.gov/files/state-agencies/resources/pdf/fall-conference-2018-procurement-presentation-7.pdf

IT Security Fundamentals – Information Technology Governance

… local government’s or school’s IT internal controls, it is important to understand two concepts that are fundamental … approach data and network and system security: the CIA triad and defense-in-depth. These concepts highlight … and complete data is essential for good decision-making. What good is the information if it cannot be trusted? …

https://www.osc.ny.gov/local-government/publications/it-governance/it-security-fundamentals

Area #1 – IT Policy – Information Technology Governance

… user behavior, describe the tools and procedures used to help protect data and IT systems, assign key … being included in public reports or other documents. 5 Online Banking – Before a local government or school begins … responsible for reviewing and reconciling transactions and how often such reviews and reconciliations should occur, and …

https://www.osc.ny.gov/local-government/publications/it-governance/area-1-it-policy

DiNapoli: NYC Department of Education is Not Doing Enough to Prepare Students for Higher Education

… The NYC Department of Education (DOE) needs to step up its … in city school districts where large numbers of students do not graduate high school.” DOE considers students college … against the DOE’s definition of college readiness, how they did in elementary and middle school, and whether …

https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nyc-department-education-not-doing-enough-prepare-students-higher-education

What is a Public Authority?

… and nursing homes. The debt service for these bonds is usually supported by revenues of the project, such as … procedures, and financial reporting. Each public authority is governed by a separate board of directors appointed by … authority operations. In addition, the State Comptroller is granted discretion to review certain public authority …

https://www.osc.ny.gov/public-authorities/what-public-authority

DiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back

… In a turnaround from the fiscal crisis it faced a year ago, the Metropolitan Transportation Authority (MTA) … the MTA faced a $600 million budget shortfall for the year with gaps of more than $1 billion in 2024 that could … the MTA has balanced budgets throughout its five-year financial plan through 2027. MTA projects its overall …

https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-back

Compliance With the Enough is Enough Act

… requires colleges and universities that maintain campuses in New York to implement sexual assault, dating violence, … must receive a copy of relevant rules and policies adopted by institutions and their annual certifications of … communities; and giving unit staff advanced training in responding to sexual assaults and related crimes. Key …

https://www.osc.ny.gov/state-agencies/audits/2018/01/24/compliance-enough-enough-act

Who Is Responsible? – Travel and Conference Expense Management

… and accountability of travel and conference expenses in accordance with board policies: Management officials (or …

https://www.osc.ny.gov/local-government/publications/travel-conference-expense/who-responsible

Opinion 97-26

… of assessment, belong to the fire district after the zone is abolished. This is in reply to your letter regarding the establishment of … used as needed in another area of the fire district? (3) What is the appropriate procedure for disbursing unexpended …

https://www.osc.ny.gov/legal-opinions/opinion-97-26

Introduction – Federal Funding and New York

… State Employees and Federal Funding Federal Support of the State’s Safety Net Medicaid Essential Plan Social … Program Federal Funds to New York City A Review of Categorical Grants Temporary Assistance for Needy Families … the 119th Congress could lead to a dramatic restructuring of the federal⁠⁠⁠⁠state⁠ ⁠relationship This online resource …

https://www.osc.ny.gov/reports/budget/fed-funding-ny/introduction

Collection of Lease and Permit Revenues

… Purpose To determine whether the Department of Transportation is collecting all lease and permit revenues it is owed. The audit covers the period January 2008 through …

https://www.osc.ny.gov/state-agencies/audits/2013/03/12/collection-lease-and-permit-revenues

Wheelerville Union Free School District – Unused IT Asset Inventory (2022M-2)

… maintained complete and accurate inventory records to safeguard unused information technology (IT) assets. Key Findings District officials did not maintain … unused IT assets and ensure that obsolete IT equipment is free from data prior to storage or authorized disposal. …

https://www.osc.ny.gov/local-government/audits/school-district/2022/05/27/wheelerville-union-free-school-district-unused-it-asset-inventory-2022m-2

DiNapoli: New York State is Home to 4.4 Million Immigrants, Second Only to California

… in New York state comprise 22 percent, or 4.4 million, of the state’s population, which is well above the national average of 13 percent, according to a report released today by State … City and Long Island. “Immigrants are nearly a quarter of our population. While the vast majority live in New York …

https://www.osc.ny.gov/press/releases/2016/11/dinapoli-new-york-state-home-44-million-immigrants-second-only-california