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Taxes and Interest
We pay interest on interest bearing items such as bank accounts utility refunds and certain court funds
https://www.osc.ny.gov/unclaimed-funds/claimants/taxes-and-interestDiNapoli: Growth in Local Sales Tax Collections Slowed in 2024
… Local government sales tax collections in New York state totaled $23.4 billion in calendar year 2024, … (3.8%) of 2011 to 2019 following the Great Recession. “New York’s local governments rely on sales tax collections to …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-growth-local-sales-tax-collections-slowed-2024XIII.6 Potential Tax Consequences of Assigning an Incorrect Official Station – XIII. Employee Expense Reimbursement
… Generally, the State pays for expenses incurred when an employee travels on official State business. In some … liability can be substantial. This generally occurs when an employee travels repeatedly to the same location over an … extended period for official State business. If the head of an agency has not properly designated an employee’s …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii6-potential-tax-consequences-assigning-incorrect-official-stationOut-of-Service Death Benefit – Article 14 Benefits
… forms to your beneficiary. … Article 14 information for PFRS Tier 3 members Covers pension disability and death …
https://www.osc.ny.gov/retirement/publications/1644/out-service-death-benefitCharlotte Valley Central School District - Budget Review (B4-15-6)
… year 2015-16 of approximately $8.9 million. Key Findings We found that the significant revenue and expenditure …
https://www.osc.ny.gov/local-government/audits/school-district/2015/04/09/charlotte-valley-central-school-district-budget-review-b4-15-6Cheektowaga-Sloan Union Free School District – Financial Condition and Payroll (2017M-94)
… appropriations each year by an average of $4.6 million, or 16 percent. The employee benefit accrued liability reserve …
https://www.osc.ny.gov/local-government/audits/school-district/2017/09/29/cheektowaga-sloan-union-free-school-district-financial-condition-andCUNY Bulletin No. CU-461
… Social Security and Medicare Tax Refund Certification ( Form AC 3206 ), to the affected employees informing them of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-461-retroactive-pre-tax-transit-adjustmentCity of Fulton – Fiscal Stress (2013M-310)
… fiscal year were approximately $15.5 million. Key Findings We reviewed budget-to-actual results for the fiscal years …
https://www.osc.ny.gov/local-government/audits/city/2013/11/22/city-fulton-fiscal-stress-2013m-310Additional Service Credit for Unused, Unpaid Sick Leave – Special 20- and 25-Year Plans
… the optional sick leave benefit provided by Section 341(j) of the Retirement and Social Security Law (RSSL). To be … must retire directly from public service or within a year of separating from service. For most members, the maximum number of sick leave days allowable is 165. The additional credit is …
https://www.osc.ny.gov/retirement/publications/1517/additional-service-credit-unused-unpaid-sick-leaveHelping Hands School – Compliance With the Reimbursable Cost Manual
… Purpose To determine whether the costs reported by Helping Hands … June 30, 2014, we determined Helping Hands reported $26 in non-personal service costs on its CFR that did not comply with SED’s requirements for reimbursement. Key …
https://www.osc.ny.gov/state-agencies/audits/2016/05/13/helping-hands-school-compliance-reimbursable-cost-manualChenango Valley Central School District – Budget Review (B4-13-11)
… review was to determine whether the significant revenue and expenditure projections in the District’s tentative … the accumulated deficit in the District’s general fund and school lunch fund as of June 30, 2008. Local Finance Law … review, in general, we found that the significant revenue and expenditure projections in the proposed budget are …
https://www.osc.ny.gov/local-government/audits/school-district/2013/04/19/chenango-valley-central-school-district-budget-review-b4-13-11XIII.12 Procedure for Reporting Taxable Employee Expense Reimbursements for Prior Open Tax Years – XIII. Employee Expense Reimbursement
… to an employee’s taxable income for prior tax years in order to comply with Internal Revenue Service (IRS) … with the correct expense type or taxable value, resulting in an inaccurate calculation or reporting for the tax year of … information on taxable employee expenses can be found in the following sections of this Chapter: Section 4.C - …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii12-procedure-reporting-taxable-employee-expense-reimbursements-prior-open-tax-yearsSweet Home Central School District – Financial Management (2016M-207)
… to review the District’s financial management practices for the period July 1, 2012 through March 18, 2016. … The Sweet Home Central School District is located in the Towns of Amherst and Tonawanda in Erie County. The … District, which operates six schools with approximately 3,200 students, is governed by an elected seven-member Board of …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/16/sweet-home-central-school-district-financial-management-2016m-207Valley Stream Union Free School District #24 – Leave Accruals and Separation Payments (2016M-335)
… Valley Stream Union Free School District #24 is located in the Town of Hempstead in Nassau County. The District, which operates three … did not always account for employees’ leave accruals in accordance with applicable agreements. District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/25/valley-stream-union-free-school-district-24-leave-accruals-and-separationSchroon Lake Central School District – Financial Condition (2014M-145)
… Purpose of Audit The purpose of our audit was to review the District’s … The Board did not establish a multiyear financial plan to facilitate development of the annual budgets that were …
https://www.osc.ny.gov/local-government/audits/school-district/2015/02/20/schroon-lake-central-school-district-financial-condition-2014m-145Schoharie Central School District – Financial Condition (2013M-263)
… condition for the period July 1, 2011 through July 8, 2013. Background The Schoharie Central School District is … District’s budgeted expenditures for the 2013-14 fiscal year are $21 million. Key Finding Although the Board adopted … overestimated. As a result the District spent nearly $8 million less than budgeted over a five-year period. In …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/13/schoharie-central-school-district-financial-condition-2013m-263KIPP Tech Valley Charter School – Enrollment and Billing (2012M-256)
… Purpose of Audit The purpose of our audit was to examine the student enrollment and billing process for the period July 1, 2011, to August 31, 2012. Background A charter school is a public … population during the 2011-12 and 2012-13 fiscal years to determine whether the billing invoices were accurate and …
https://www.osc.ny.gov/local-government/audits/school-district/2013/02/22/kipp-tech-valley-charter-school-enrollment-and-billing-2012m-256East Aurora Union Free School District – High School Extra-Classroom Activity Funds (2016M-163)
… extra-classroom activity funds were properly accounted for during the period July 1, 2014 through June 13, 2016. … The East Aurora Union Free School District is located in the Towns of Aurora, Colden and Elma in Erie County. The District, which operates three schools …
https://www.osc.ny.gov/local-government/audits/school-district/2017/02/24/east-aurora-union-free-school-district-high-school-extra-classroomMembership Milestones for Police & Fire Retirement System (PFRS) Members
… Fire Retirement System (PFRS), no matter which retirement tier and plan you’re covered under, there are important … joining the system, you are covered by certain job-related death and disability benefits. After 90 days of service credit, you are covered by a non-job-related death benefit. With 5 years of service credit, you become vested …
https://www.osc.ny.gov/retirement/members/membership-milestones-police-fire-retirement-system-pfrs-membersMaine Endwell Central School District – Budget Review (B4-13-14)
… Purpose of Audit The purpose of our budget review was to determine whether the significant …
https://www.osc.ny.gov/local-government/audits/school-district/2013/04/24/maine-endwell-central-school-district-budget-review-b4-13-14