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GASB Statement No. 33 "Accounting and Financial Reporting for Nonexchange Transactions"
… County, City, Town and Village Chief Fiscal Officers GASB Statement No. 33 provides accounting and reporting guidelines … between services provided and supporting revenues. The statement describes four categories of nonexchange … The purpose of this bulletin is to discuss the Statement No. 33 impact on revenue recognition when using the …
https://www.osc.ny.gov/local-government/publications/gasb-statement-no-33-accounting-and-financial-reporting-nonexchange-transactionsRetiree Annual Statement
… Your Retiree Annual Statement provides a year-end summary of your … Online . Look under My Account Summary . Click View My Retiree Annual Statement button. If Retirement System is … Look under My Profile Information . Click update next to ‘Retiree Annual Statement by.’ Choose Email from dropdown. Be …
https://www.osc.ny.gov/retirement/retirees/retiree-annual-statementXVI.3.D Basis of Accounting/Measurement Focus – XVI. Financial Reporting
… Outflows of Resources, Deferred Inflows of Resources, and Net Position (GASB Codification Section 1600 – Basis of Accounting) Process and Document Preparation: BASIS OF ACCOUNTING The basis of … timing of related cash inflows and outflows. On the other hand, funds that focus on current financial resources …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3d-basis-accountingmeasurement-focusXVI.4.B Tax Revenues – XVI. Financial Reporting
… transactions: The State imposes the tax on the person or entity that acquires the income, goods or services The State … year were not sufficient to meet the tax liability of the entity. Due dates will vary depending on the fiscal year of … and Utilities Tax Bank Tax Insurance Tax Pass-Through Entity Tax Petroleum Business Taxes The pass-through entity …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4b-tax-revenuesXVI.4.A Cash and Investments – XVI. Financial Reporting
… bearing deposits with financial institutions. The State maintains approximately 3,000 bank accounts for various purposes at locations throughout the State. Bank deposits may be under the joint custody of the … and investments. Credit Risk - Credit quality ratings on investments, including credit quality ratings of external …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4a-cash-and-investmentsExamples from GASB Statement 34 - Sample City Statement of Net Assets Proprietary Funds
… illustrates the "net assets" format; the "balance sheet" format also is permitted. Classification of assets and … funds that account for business-type activities, the information in the "Totals" column on this statement flows …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34About Statement No. 67 – Governmental Accounting Standards Board
… Board (GASB) Statement No. 67, Financial Reporting for Pension Plans : Establishes accounting and reporting standards for public pension systems. Defines the way public pension … Net Position or Statement of Changes in Plan Net Position. For more information on Statement No. 67, visit the GASB …
https://www.osc.ny.gov/retirement/employers/gasb/about-statement-no-67Opinion 95-23
… by the town officer whose action gave rise or origin to a claim to be based on that officer's review of documentation relating to the claim. This is in response to your inquiry concerning the … the town officer whose action gave rise or origin to the claim may be based on that officer's review of documentation …
https://www.osc.ny.gov/legal-opinions/opinion-95-23Examples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets
… Examples from GASB Statement 34 included in this bulletin, copyright by the … Norwalk, CT 06856 are reprinted by permission. Sample City Statement of Revenues, Expenses, and Changes in Fund Net … Examples from GASB Statement 34 Statement of Revenues Expenses and changes in …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-revenues-expenses-and-changes-net-assetsGASB Statement 84 Implementation Guidance Frequently Asked Questions
GASB Statement 84 Implementation Guidance Frequently Asked Questions
https://www.osc.ny.gov/files/local-government/publications/pdf/gasb-84-faqs.pdfNew GASB Standards
… shared with us from time and attendance personnel at the reporting entities and has finalized the implementation plan. … this plan along with next steps with personnel from each reporting entity. The cooperation of all reporting entities … on all reportable GASBS 87 leases must be reported on a quarterly basis using the following templates. Statement …
https://www.osc.ny.gov/state-agencies/guidance/new-gasb-standardsOpinion 89-26
… Act", amended Article 18 of the General Municipal Law (§800 et seq .) to provide for a system of annual financial … corporation or other district (General Municipal Law, §800[4]). A "political subdivision" is defined to mean a …
https://www.osc.ny.gov/legal-opinions/opinion-89-26State Agencies Bulletin No. 837
… Purpose To advise agencies of the change in providing corrected wage information to employees. … Employees Employees who repay wages that were paid in error in a prior year through an AC 230 Effective Date(s) … To advise agencies of the change in providing corrected wage information to employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/837-change-processing-form-w-2c-corrected-wage-and-tax-statement-andOpinion 94-4
… Comptroller at the time it was rendered. The opinion may no longer represent those views if, among other things, there … that, with certain exceptions not applicable here, no claim against a town may be paid unless an itemized … stamp (12 Opns St Comp, 1956, p 191). Since there is no requirement in section 118(1) for an original signature, …
https://www.osc.ny.gov/legal-opinions/opinion-94-4Travel Advisory No. 1
… when using a proxy to create an expense report in SFS Guidance: This is a reminder that all employees who … *), or Review the information that a proxy has entered in an Expense Report in the SFS, adjust expenses as necessary, and then submit the … when using a proxy to create an expense report in SFS …
https://www.osc.ny.gov/state-agencies/advisories/travel-advisory/1-requirements-proxy-expense-reportsNYS Travel Information
… : Memo issued by OGS discussing necessary changes to the State's credit card program Travel Manual Travel FAQs Guide … Codes Rules and Regulations . Disclaimer: "The regulations on this web site are an unofficial version of the Official Compilation of Rules and Regulations of the State of New York. No representation or guarantee as to …
https://www.osc.ny.gov/state-agencies/travelLGAC - Official Statement - 2018
New York Local Government Assistance Corporation Official Statement - Series 2018a Refunding Bonds (Senior Lien)
https://www.osc.ny.gov/files/debt/pdf/lgac-official-statement-2018a.pdfAbout Statement No. 68 – Governmental Accounting Standards Board
… Reporting for Pensions : Requires employers participating in state and local government pension plans to report their … share of the collective Net Pension Liability in their financial statements, as well as pension expense and … compensation package. The employer’s participation in a pension plan provided by a separate entity or pension …
https://www.osc.ny.gov/retirement/employers/gasb/about-statement-no-68XVI.3.A Financial Statements – XVI. Financial Reporting
… Financial reporting is the process of communicating information concerning the financial condition and activities … government officials, they are also intended to meet the information needs of citizens, governing and legislative … Basic financial statements; and Required supplementary information (Other than MD&A). MD&A, which is required …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3a-financial-statementsGovernment-Wide Financial Data – 2021 Financial Condition Report
… and expenses when the earnings process is complete (full accrual basis), as opposed to when they are actually …
https://www.osc.ny.gov/reports/finance/2021-fcr/government-wide-financial-data