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Lawrence Union Free School District – Financial Management (2025M-115)
… October 30, 2025 to review the District’s 2024-25 fiscal year financial data. Understanding the Audit Area A key … financial health. The District’s 2024-25 fiscal year general fund total appropriations were approximately … ranged from approximately 7 to 15 percent of the upcoming year’s budget, which was $3.5 million to $11.1 million over …
https://www.osc.ny.gov/local-government/audits/school-district/2026/02/20/lawrence-union-free-school-district-financial-management-2025m-115DiNapoli: NYSLRS Announces Employers' Retirement System Contribution Rates for 2023-2024
… New York State Comptroller Thomas P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System (NYSLRS). … we remain focused on long-term stable returns for New York’s public employers and workforce. Uncertainty may be …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyslrs-announces-employers-retirement-system-contribution-rates-2023-2024Calculating Days Worked – Legacy Reporting
… they have employees who may work 12 months or ten months a year. Full-time, 12-month employees should be reported in the … with two pay periods: The days worked reported equal 16.54 February with two pay periods: The days worked reported equal 16.54 March with three pay periods: The days worked reported …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/calculating-days-workedDiNapoli Releases August State Cash Report
… State tax collections totaled $28.2 billion for the five months ended in August, $133 million above updated projections, primarily … period last year. Significant increases included spending for Medicaid (up $2.3 billion primarily from federal sources) … State tax collections totaled $282 billion for the five months ended in August $133 million above …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-releases-august-state-cash-reportDiNapoli: State Pension Fund Value $192 Billion
… best funded, best performing pension plans in the nation and that’s great news for the more than one million men and women who participate in it, as well as for New York …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionUnity House of Troy – Compliance With the Reimbursable Cost Manual
… Cost Manual (RCM). Our audit covered the calendar year ended December 31, 2012. Background Unity is an … costs must comply with RCM requirements. For the calendar year ended December 31, 2012, Unity reported approximately … programs it operated. Key Findings For the calendar year ended December 31, 2012, Unity claimed $404,952 in …
https://www.osc.ny.gov/state-agencies/audits/2015/11/05/unity-house-troy-compliance-reimbursable-cost-manualElementary and Secondary Education – 2023 Financial Condition Report
… schools received $4.6 billion of federal education aid in SFY 2022- 23. Schools also received $4.2 billion of … for K-12 education is expected to run through SFY 2024-25. In SFY 2022-23, the $4.2 billion of federal COVID-19 recovery … funding for the same period. New York State Ranks Highest in Nation in Per Pupil Spending For the 2020-21 school year …
https://www.osc.ny.gov/reports/finance/2023-fcr/elementary-and-secondary-educationCity of Glen Cove – Budget Review (B7-16-12)
… Purpose of Budget Review The purpose of our budget review was to determine whether the significant … the 2017 fiscal year are reasonable. Background The City of Glen Cove, located in Nassau County, issued debt totaling … City of Glen Cove Budget Review B71612 …
https://www.osc.ny.gov/local-government/audits/city/2016/10/14/city-glen-cove-budget-review-b7-16-12Opinion 94-24
… You ask whether the construction of a new town hall is subject to permissive referendum if the town board … of the parcel of real property on which the town hall is to be constructed and specifying the location, purchase … of the town hall, you ask whether a referendum is required on the bond resolution. Town Law, §220 provides …
https://www.osc.ny.gov/legal-opinions/opinion-94-24New York State Comptroller DiNapoli: Wall Street Bonuses and Profits Up Slightly in 2019, but Facing Sharp Fall in 2020
… Thomas P. DiNapoli. “The securities industry had a good year in 2019, but the serious damage that COVID-19 is … global economy will sharply reduce industry profits this year,” DiNapoli said. “The securities industry is integral to … past six years, increasing employment by a net total of 16,200 jobs during this period. Nonetheless, securities …
https://www.osc.ny.gov/press/releases/2020/03/new-york-state-comptroller-dinapoli-wall-street-bonuses-and-profits-slightly-2019-facing-sharp-fallState Agencies Bulletin No. 2300
… (D) (ii) will increase to $350,000 for the 2025 calendar year. Effective Dates: Effective beginning Administration … PayServ to reflect the maximum salary limit for calendar year 2025. PayServ will automatically stop ORP and VDC … will resume the first paycheck of the following calendar year. Questions: Questions regarding this bulletin may be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2300-maximum-salary-limit-members-optional-retirement-plan-orp-and-voluntaryState Agencies Bulletin No. 2405
… The purpose of this bulletin is to notify agencies of the 2026 maximum salary limit for ORP and VDC plan members. Affected Employees: Tier 1 … and 408 (k) (6) (D) (ii) will increase to $360,000 for the 2026 calendar year. Effective Dates: Effective beginning … The purpose of this bulletin is to notify agencies of the 2026 maximum salary limit for ORP and VDC plan members …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2405-maximum-salary-limit-members-optional-retirement-plan-orp-and-voluntaryFund Financial Data – 2022 Financial Condition Report
… and outflows of current financial resources—cash or liquid assets that are available to pay current obligations …
https://www.osc.ny.gov/reports/finance/2022-fcr/fund-financial-dataFund Financial Data – 2021 Financial Condition Report
… and outflows of current financial resources—cash or liquid assets that are available to pay current obligations …
https://www.osc.ny.gov/reports/finance/2021-fcr/fund-financial-dataCity of Glen Cove– Budget Review (B7-13-16)
… Purpose of Audit The purpose of our budget review was to determine whether the significant revenue and expenditure … in Nassau County, issued debt totaling $12.8 million to liquidate various accumulated fund deficits for the fiscal … requires all local governments that have been authorized to issue obligations to fund operating deficits to submit …
https://www.osc.ny.gov/local-government/audits/city/2013/10/16/city-glen-cove-budget-review-b7-13-16Wyandanch Union Free School District – Budget Review (B24-7-2)
… deficit, it must submit to the State Comptroller each year, starting with the fiscal year during which the school district is authorized to issue … the deficit obligations, and for each subsequent fiscal year during which the deficit obligations are outstanding, …
https://www.osc.ny.gov/local-government/audits/school-district/2024/04/05/wyandanch-union-free-school-district-budget-review-b24-7-2Locust Valley Water District – Budgeting (2013M-179)
… Matinecock. The District’s total revenue for 2012 fiscal year was approximately $2.2 million. The District’s 2012 … and also appropriated $1 million in fund balance each year which was not fully needed to finance District … of the appropriated fund balance was used in the other year. The Board also appropriated more fund balance than was …
https://www.osc.ny.gov/local-government/audits/district/2013/09/06/locust-valley-water-district-budgeting-2013m-179Service Retirement Benefit – En-Con Police Officers Plan
… benefit will equal 1/50th (2 percent) of your FAS for each year of En-Con police service. For each year of service beyond 25 years, including service other than … a benefit equal to 1/50th (2 percent) of your FAS for each year of En-Con police service and 1/60th (1.66 percent) of …
https://www.osc.ny.gov/retirement/publications/1822/service-retirement-benefitDiNapoli: NYC Finances Continue To Benefit From Better Than Projected Revenue but Spending Pressures Remain
… services and the MTA could amount to over $2 billion next year, and the city continues to bear the majority of the … June, New York City adopted a balanced budget for fiscal year (FY) 2025, totaling $116.8 billion including expense prepayments from last fiscal year. The fiscal trajectory of FY 2024 followed recent trends …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-finances-continue-benefit-better-projected-revenue-spending-pressures-remainDiNapoli: Fewer School Districts Overriding Tax Cap
… of the cap,” said DiNapoli. “As the cap fluctuates below two percent, it becomes increasingly difficult to stay under … cap at least once. Fourteen districts exceeded the cap in two of the three years and one district exceeded the cap all three years. Of the …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-fewer-school-districts-overriding-tax-cap