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Elmira Heights Central School District – Financial Condition (2014M-76)
… $20 million. Key Findings The District’s reliance on fund balance and reserves to finance planned operating … recurring expenditures rather than continually relying on appropriated fund balance and reserves. Return funds …
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/19/elmira-heights-central-school-district-financial-condition-2014m-76XII.3 Record Retention – Accounts Payable Vouchers and Land Claims – XII. Expenditures
… Summary Report Budget Amendments and/or Change Orders Work Orders Proof of goods received (e.g., receiving or … payments (e.g., check registers, cancelled checks) Work status reports or program progress reports Final … not required to be approved by OSC (e.g., contract budget, work plan, scope of work and/or specific contract …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claimsCity of Little Falls – Financial Condition (2021M-54)
… and officials had to rely on loans for cash flow. Errors in the 2020 accounting records make it difficult for …
https://www.osc.ny.gov/local-government/audits/city/2021/06/25/city-little-falls-financial-condition-2021m-54State Comptroller DiNapoli Releases Municipal Audits
… – Procurement (2021M-193) The purchasing agent did not ensure that goods and services were procured in accordance with the purchasing policy and procedures. … policy. Staff could not provide documentation to support efforts were made to obtain the best price. None …
https://www.osc.ny.gov/press/releases/2022/02/state-comptroller-dinapoli-releases-municipal-auditsDiNapoli: 529 College Savings Program Lowers Fees
… fees in New York's 529 College Savings Program Direct Plan will be reduced once again, State Comptroller Thomas P. … if filing jointly*. Earnings on investments are free from both federal and state taxes as long as the funds are …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-529-college-savings-program-lowers-feesState Contract and Payment Actions in December
… Harbor Access and Activation Civic Plan. $3.8 million to Buffalo Niagara Waterkeeper, Inc. for the planning, design, and marketing of the Buffalo Blueway, a recreational waterfront trail route in … and Rome for unmanned aircraft. $1.8 million to the Buffalo and Erie County Industrial Land Development …
https://www.osc.ny.gov/press/releases/2021/02/state-contract-and-payment-actions-decemberTown of Crown Point - Town Clerk/Tax Collector (2018M-263)
… - pdf] Audit Objective Determine whether the Town Clerk/Tax Collector (Clerk) properly accounted for fees (including … the Supervisor on February 14, 2017. Deposit real property tax collections within the required timeframe. For example, … timely manner. Key Recommendations Remit all real property tax collections to the Supervisor and Treasurer within the …
https://www.osc.ny.gov/local-government/audits/town/2019/07/19/town-crown-point-town-clerktax-collector-2018m-263Rondout Valley Central School District – Fixed Assets (2023M-36)
… (District) officials properly accounted for and monitored fixed assets. Key Findings District officials did not … with a combined cost of $255,775 did not have the required asset tags. 12 fixed assets with a combined cost of $213,960 … cost of $79,383 were not recorded on the District’s inventory list. For example, these assets include a golf cart …
https://www.osc.ny.gov/local-government/audits/school-district/2023/08/25/rondout-valley-central-school-district-fixed-assets-2023m-36Kenmore-Town of Tonawanda Union Free School District – Change Orders (2022M-41)
… competition using bids, request for proposals or quotes as required. District officials generally agreed with our recommendations and plan to initiate corrective action. … Determine whether the …
https://www.osc.ny.gov/local-government/audits/school-district/2022/08/05/kenmore-town-tonawanda-union-free-school-district-change-orders-2022m-41Town of Danby – Claims Processing and Procurement (2022M-127)
… always seek competition when procuring goods and services or ensure all claims were properly audited and approved. When … not solicit bids for five commodities totaling $197,266 or obtain the minimum required quotes for purchases totaling …
https://www.osc.ny.gov/local-government/audits/town/2022/12/16/town-danby-claims-processing-and-procurement-2022m-127Selected Aspects of the Migrant Education Program (Follow-Up)
… the Program plans to implement are scheduled to begin with the 2016-2017 school year. Of the three prior audit …
https://www.osc.ny.gov/state-agencies/audits/2016/09/23/selected-aspects-migrant-education-program-followTheresa Fire District – Board Oversight and Financial Management (2021M-60)
… whether the Theresa Fire District (District) Board of Fire Commissioners (Board) provided adequate oversight to … not file required annual financial reports with the Office of the State Comptroller (OSC) in a timely manner. The 2017 … records. The Board did not adopt realistic budgets based on historic trends. The District ended 2019 with $345,000 in …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/06/18/theresa-fire-district-board-oversight-and-financial-management-2021m-60State Agencies Bulletin No. 923
… PEF Member 247 PEF Non-Member A/S 410 Health Care Spending Account 420 NY Dependent Care Contribution 425 Repay State …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/923-arbitration-award-implementation-retroactive-general-salary-increasesState Authority Contract Approval, Reporting and Filing
… Review and Approval All State authorities are required to submit certain contracts and contract amendments for prior … Amendments Require Prior Approval or Filing How and When to Submit an Annual Report Every State authority must report … approval using the Contract Submission System (CSS). Log in to the Contract Submission System View …
https://www.osc.ny.gov/public-authorities/state-authority-contract-approval-reporting-and-filingVII.10.I Closing a Cash Advance – VII. State Revenues and Appropriated Loan Receivables
… When the need for a Cash Advance ceases, the agency is required to return … to Financial Operations REV. 10/11/2018 … When the need for a Cash Advance ceases the agency is required to return …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10i-closing-cash-advanceOSC 8 - College Tuition Savings Plan Memo
The purpose of this legislation is to allow the New York State college choice tuition savings program (NY 529) to support scholarships and grant programs.
https://www.osc.ny.gov/files/legislation/pdf/osc-8-college-tuitiion-savings-plan-memo.pdfState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… the long-term assumed rate of return on investments from 7 percent to 6.8 percent, anticipating a lower return … in the preparation of their budgets. Projections of required contributions vary by employer depending on factors … in ERS and PFRS, and more than 300 different retirement plan combinations. Payments based on the new rates are due by …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredVI.2.C Budget Journal Transactions – VI. Budgets
… Field Name Field Description CCP Code Comprehensive Construction Program - Categories or groups of one or more …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vi/vi2c-budget-journal-transactionsCUNY Bulletin No. CU-118
… Employees Adjunct employees who are currently enrolled in TIAA/CREF in their FULL TIME position either at the senior campus or … All. Select Employee. Type the employee's ID in EmplID and click OK. Be sure to select the Empl Rcd# that …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-118-tiaacref-pensionability-adjunct-earningsAvailable Options – Non-Contributory Plan with Guaranteed Benefits
… benefit. It provides the maximum benefit payment to you each month for the rest of your life. Under this selection, all payments cease upon your death. When you die (even if it is only one year, or sooner, after … must submit proof of your beneficiary’s birth date. You can designate only one beneficiary and you cannot change your …
https://www.osc.ny.gov/retirement/publications/1513/available-options