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DiNapoli: NYSLRS Announces Employers' Retirement System Contribution Rates for 2023-2024
… fund will continue to be one of the nation’s strongest and best funded, ready to provide retirement security for … 2022. NYSLRS is consistently ranked among the nation’s best funded, best managed retirement systems in the nation. A strong …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyslrs-announces-employers-retirement-system-contribution-rates-2023-2024Calculating Days Worked – Legacy Reporting
… In the simplest of terms, to calculate the number of days worked, first determine the number of hours worked and … following is information on how to calculate the number of days worked based on different scenarios. Please refer to the … working the full SWD) should be reported with full-time days. Part-time employees (those who are working less than …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/calculating-days-workedDiNapoli Releases August State Cash Report
… (up $2.3 billion primarily from federal sources) and education (up $636.7 million). All Funds spending was $850.5 … contracts, visit Open Book New York . The easy-to-use website was created by DiNapoli to promote transparency in …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-releases-august-state-cash-reportDiNapoli: State Pension Fund Value $192 Billion
… pension fund is at a record value based on prudent long term asset allocation. We continue to manage one of best … strategy performed well, with private equity and real estate delivering returns of 7.02 percent and 10.68 percent. …
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
… (CFR) were properly calculated, adequately documented, and allowable under the State Education Department’s (SED) … to children with disabilities between the ages of three and five years. Unity is reimbursed for preschool special … in personal service costs (including $312,543 in salary and fringe benefits and $9,715 in severance pay). …
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
… of federal COVID-19 recovery funding disbursed to New York school districts was equal to 13.9 percent of State school … State led all states in per-pupil disbursements for public elementary and secondary education at $26,571, according to … the most recent data available, support for public elementary and secondary schools in New York came from the …
https://www.osc.ny.gov/reports/finance/2023-fcr/elementary-and-secondary-educationCity of Glen Cove – Budget Review (B7-16-12)
… Background The City of Glen Cove, located in Nassau County, issued debt totaling $12.8 million to liquidate … the upcoming year. The City has budgeted $1.9 million for building permit revenues, an increase of $520,536 over the 2016 …
https://www.osc.ny.gov/local-government/audits/city/2016/10/14/city-glen-cove-budget-review-b7-16-12Opinion 94-24
… for when town purchases real property and constructs town hall) TOWN LAW, §220; LOCAL FINANCE LAW, §35.00: If a town … adopts separate resolutions to purchase land for a town hall with current year tax revenues and to construct the town … on the construction. You ask whether the construction of a new town hall is subject to permissive referendum if the town …
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
… The average bonus paid to employees in New York City’s securities industry increased by 3 percent in … according to annual estimates released today by New York State Comptroller Thomas P. DiNapoli. “The … DiNapoli said. “The securities industry is integral to New York state’s and New York City’s economies, as a source …
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. 2405
… The purpose of this bulletin is to notify agencies of the 2026 maximum salary limit for ORP and VDC plan members. … and 408 (k) (6) (D) (ii) will increase to $360,000 for the 2026 calendar year. Effective Dates: Effective beginning Institution paychecks dated January 8, 2026, and Administration paychecks dated January 14, 2026. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2405-maximum-salary-limit-members-optional-retirement-plan-orp-and-voluntaryState Agencies Bulletin No. 2300
… of this bulletin is to notify agencies of the 2025 maximum salary limit for ORP and VDC plan members. Affected Employees: Tier 1 … Actions: OSC will update PayServ to reflect the maximum salary limit for calendar year 2025. PayServ will … of this bulletin is to notify agencies of the 2025 maximum salary limit for ORP and VDC plan members …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2300-maximum-salary-limit-members-optional-retirement-plan-orp-and-voluntaryFund Financial Data – 2022 Financial Condition Report
… Fund financial statements provide a short-term view of finances. As such, these statements only focus on the … Fund financial statements provide a shortterm view of finances …
https://www.osc.ny.gov/reports/finance/2022-fcr/fund-financial-dataFund Financial Data – 2021 Financial Condition Report
… As such, these statements only focus on the inflows and outflows of current financial resources—cash or liquid … (or will be soon). Funds represent sources of funding and spending for particular purposes. The General Fund is used to report sources of funds and expenditures that are not required to be accounted for in …
https://www.osc.ny.gov/reports/finance/2021-fcr/fund-financial-dataCity of Glen Cove– Budget Review (B7-13-16)
… review was to determine whether the significant revenue and expenditure projections in the City’s proposed budget for … operating expenditures with unrealistic revenue estimates and one-shot revenues is not prudent. The City projects … surpluses for the 2013 fiscal year for the general fund and the water fund. However, due to overstated revenue …
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)
… [read complete report – pdf] Purpose of Budget Review The purpose of our budget review was to provide an independent evaluation of the proposed 2024-25 budget. Background The Wyandanch Union Free School District … The purpose of our budget review was to provide an independent evaluation of the …
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)
… of Commissioners consisting of a Chairman, a Secretary, and a Treasurer. The District supplies drinking water to … the Hamlet of Locust Valley, the Village of Lattingtown, and sections of the Villages of Mill Neck and Matinecock. The District’s total revenue for 2012 fiscal …
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
… Eligibility You may retire at any age after completing 25 years of En-Con police service, or you may qualify for a service retirement if you reach age 60 before having served 25 years as an En-Con police … on which your retirement will occur. The 15-day filing requirement is waived if you are over age 70 at retirement. …
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
… 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 – stronger-than-projected …
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
… fiscal years, dropping from 44 school districts in 2012-13 to only 19 in 2014-15, according to a report issued today by State Comptroller Thomas P. … found low- and average-need districts were twice as likely to override the tax cap compared to high-need districts. …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-fewer-school-districts-overriding-tax-capExamples from GASB Statement 34 - Statement of Changes in Fiduciary Net Assets
… Examples from GASB Statement 34 included in this bulletin, … Examples from GASB Statement 34 Statement of Changes in …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-changes-fiduciary-net-assets