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Opinion 92-2
… (authority to budget amounts due for preceding and current year under hydrant contract) TOWN LAW, §176(12),(27): General … of hydrants under a contract for both the preceding fiscal year and the current fiscal year. You ask about the permissible means of financing an …
https://www.osc.ny.gov/legal-opinions/opinion-92-2State Agencies Bulletin No. 2312
… calculate the charges for the split payroll for Fiscal Year Ending 2024-25 and the Fiscal Year Beginning 2025-26, the PayServ position pool chart of … appropriation charges to be used for the following Fiscal Year End payroll allocation percentages are outlined in the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2312-new-york-state-payroll-system-payserv-fiscal-year-end-rollover-positionState Agencies Bulletin No. 1896
… calculate the charges for the split payroll for fiscal year ending 2020-21 and the fiscal year beginning 2021-22, the PayServ chart of accounts must be … appropriation charges to be used for the following fiscal year-end payroll allocation percentages are outlined in the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1896-new-york-state-payroll-system-payserv-fiscal-year-end-rollover-positionState Agencies Bulletin No. 2092
… of Education Retirement System (NYCBERS) for the 2023 plan year is $19,729.00. Affected Employees Tier 6 members of … Background OT limit for Tier 6 began in State fiscal year 2012-13 at $15,000. The limit increases each year based on the Consumer Price Index on December 31 of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2092-2023-tier-6-overtime-limit-new-york-city-retirement-systemsState Agencies Bulletin No. 2301
… of Education Retirement System (NYCBERS) for the 2025 plan year is $20,958.00. Affected Employees: Tier 6 members of … Background: OT limit for Tier 6 began in State fiscal year 2012-13 at $15,000. The limit increases each year based on the Consumer Price Index on December 31 of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2301-2025-tier-6-overtime-limit-new-york-city-retirement-systemsTown of Summerhill – Fund Balance and Budget Monitoring (2013M-27)
… and an elected Town Supervisor. For the 2012 fiscal year, the Town’s budgeted appropriations were approximately … balanced budgets or monitor the budget during the year. Generally, the Board’s estimates of surplus fund … members did not receive budget status reports during the year. As a result, budget amendments were not made until the …
https://www.osc.ny.gov/local-government/audits/town/2013/05/17/town-summerhill-fund-balance-and-budget-monitoring-2013m-27East Moriches Union Free School District - Budget Review (B7-15-5)
… evaluation of the District’s proposed budget for the 2015-16 fiscal year. Background The East Moriches Union Free School District … operating deficits to submit to the State Comptroller each year, starting with the fiscal year during which the local …
https://www.osc.ny.gov/local-government/audits/school-district/2015/04/09/east-moriches-union-free-school-district-budget-review-b7-15-5Village of Mount Kisco – Transparency of Fiscal Activities (S9-24-18)
… for a timely annual audit of the CFO’s 2022-23 fiscal year financial records and reports. The annual audit for the fiscal year ending May 31, 2023 was not presented to the Board until March 2024, more than nine months after fiscal year end. Ensure the past four fiscal year AFRs were prepared …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/12/20/village-mount-kisco-transparency-fiscal-activities-s9-24-18Alternate Contribution Stabilization Program
… but then requires repayment with interest, beginning the year after amortizing under the program, for up to twelve … regardless of whether they choose to amortize in any year. The program limits the increases or decreases in … 2020 14.2 14.2 14.6 2021 14.1 14.1 14.6 2022 15.8 14.6 16.2 2023 11.4 14.1 11.6 2024 12.4 13.6 13.1 2025 14.8 14.1 …
https://www.osc.ny.gov/retirement/employers/alternate-contribution-stabilization-programState Agencies Bulletin No. 1179
… and are paid 1,520 straight time hours during a fiscal year are entitled to a lump sum payment of $2,202.78 in the … be made in the pay period following the end of the fiscal year, or in the employee’s final pay check of the employee … separates from service prior to the end of the fiscal year. 7.5 Hour Day Seasonal Employees Seasonal employees who …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1179-location-pay-location-pay-mid-hudson-and-inconvenience-pay-seasonalBrighter Choice Charter Middle School for Boys – Financial Operations (2013M-348)
… comprised of seven members. The School’s 2012-13 fiscal year budgeted expenses were approximately $2.71 million. Key Findings The School entered into a three-year compact agreement with the Foundation in June 2011. All … 1 percent of total pupil revenue from the prior academic year. The total 2012-13 fiscal year fee due to the Foundation …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/brighter-choice-charter-middle-school-boys-financial-operations-2013m-348Village of Keeseville – Financial Condition (2013M-192)
… Village’s budgeted appropriations for the 2013-14 fiscal year are approximately $1.4 million. Key Findings The … being in fiscal stress at the end of the 2011-12 fiscal year. Specifically, the general, sewer, and water funds had a … balance of only $6,451 at the end of the 2011-12 fiscal year. The operating funds only had a combined cash balance of …
https://www.osc.ny.gov/local-government/audits/village/2013/09/20/village-keeseville-financial-condition-2013m-192Opinion 88-40
… and supervision of joint service) VILLAGES -- Fiscal Year (change in fiscal years) GENERAL MUNICIPAL LAW, … how to allocate moneys remaining at the conclusion of each year which are to be returned to each municipality. VILLAGE … A village which has elected to retain a March 1 fiscal year under former Village Law, §117 may change to a June 1 …
https://www.osc.ny.gov/legal-opinions/opinion-88-40DiNapoli Announces Latest Fiscal Stress Scores
… that failed to file their financial information in time to receive a stress score, and one that filed inconclusive data … https://www.osc.state.ny.us/sites/default/files/local-government/documents/pdf/2020-04/2017-munis-not-filed.pdf To … Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-announces-latest-fiscal-stress-scoresDiNapoli Statement on NYC's 2025 Budget Modification
… City's 2025 budget modification. "New York City’s Fiscal Year 2025 budget modification raises current year spending to $115 billion, primarily reflecting the … as lower pension and debt service spending, in the current year. Business income tax revenue remains strong, as economic …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-statement-nycs-2025-budget-modificationCOLA – Child Center of New York
… issued for fiscal years 2013-14. Background Each fiscal year, DOH makes COLA payments to not-for-profit contractors … noncompliant expenses paid outside the applicable budget year. The remaining $7,812 was appropriate and properly … comply with DOH’S COLA guidance for the applicable budget year, including ensuring that expenses claimed are incurred …
https://www.osc.ny.gov/state-agencies/audits/2016/10/11/cola-child-center-new-yorkWallkill Central School District – Financial Management (2015M-294)
… Education. Budgeted appropriations for the 2014-15 fiscal year totaled approximately $69 million. Key Finding From … appropriations that resulted in operating surpluses each year and that appropriated fund balance each year that was not necessary. District officials overfunded …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/19/wallkill-central-school-district-financial-management-2015m-294General Schedule/Cycle of Data Availability: Financial Data
… Financial Data What is the general schedulecycle of data availability …
https://www.osc.ny.gov/local-government/data/general-schedulecycle-data-availability-financial-dataService Retirement Benefits – Special 20- and 25-Year Plans
… (FAE) , plus an additional 1% of their FAE for each year of creditable service beyond 20, up to a maximum of 62% of their FAE. Section 383-e is a 20-year plan, for Tier 5 and 6 members only . What is the … with 55% of their FAE, plus an additional 1% for each year of creditable service beyond 25, up to a maximum of 62% …
https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/service-retirement-benefitsOvertime Limits for Tier 6
… Tier 6 Members Your overtime limit changes each calendar year based on the Consumer Price Index. Refer to the table … 2022 $18,233.00 2021 $17,301.00 2020 $17,067.00 2019 $16,779.00 2018 $16,406.00 Fiscal Year Overtime Limit April 1, 2017 – December …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-6