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City of Yonkers – Budget Review (B6-15-16)
… of 4.74 percent. Key Findings The 2015-16 budget relies on nonrecurring funding of $14 million which will not be available in future years. The City continues to rely on fund balance to close gaps in the budget. If police … be over-budget by as much as $2.1 million based on the 2014-15 fiscal year overtime costs. The City plans to …
https://www.osc.ny.gov/local-government/audits/city/2015/07/10/city-yonkers-budget-review-b6-15-16Hancock Central School District – Financial Condition (2013M-187)
… comprises five elected members. For the 2013-14 fiscal year, the District’s operating budget is approximately $10 … exceed the statutory maximum of 4 percent of the ensuing year’s budget for those same fiscal years. To reduce the … more conservative in its budgeting practices for fiscal year 2011-12 and 2012-13 and reduced its unexpended surplus …
https://www.osc.ny.gov/local-government/audits/school-district/2013/09/20/hancock-central-school-district-financial-condition-2013m-187DiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… of $183.5 billion as of the close of the state fiscal year on March 31, 2015. “The Fund performed well over the past year despite the challenges in the market,” DiNapoli said. … cost and are determined by investment results over a multi-year period along with numerous other actuarial assumptions, …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionFund Financial Data – 2023 Financial Condition Report
… is the amount of funds available at the end of the fiscal year. The operating result is the amount the fund balance increased or decreased during the year. General Fund Balance (GAAP Basis) Increases From Prior Year At the end of State Fiscal Year (SFY) 2022-23, the …
https://www.osc.ny.gov/reports/finance/2023-fcr/fund-financial-dataTown of East Fishkill –Financial Condition (2014M-139)
… and serves as the chief executive officer. For fiscal year 2014, total budgeted appropriations totaled $19.9 … did not effectively monitor the budgets throughout the year and did not require the Town Comptroller to present … tax base from the sewer fund. As of the end of fiscal year 2013, the sewer fund owed the general fund $406,579. The …
https://www.osc.ny.gov/local-government/audits/town/2014/08/08/town-east-fishkill-financial-condition-2014m-139DiNapoli: Local Sales Tax Collections Up More Than 17% in November
… Statewide local sales tax collections grew by 17.5% in November compared to the same month in 2020, State Comptroller Thomas P. DiNapoli announced … the bulk of holiday spending is expected to be reflected in December collections, November collections may have …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-local-sales-tax-collections-more-17-novemberState Agencies Bulletin No. 1858.1
… with one or more uncashed payroll checks originally issued in calendar year 2019 are affected. Background Abandoned … NPAY539 (Non-Negotiated Payroll Checks). OSC Actions In accordance with Abandoned Property Law §1422, an initial … issued for all uncashed payroll checks originally issued in 2019 and the funds will be remitted to the OUF on April …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/18581-outreach-escheatment-2019-uncashed-payroll-checksUtica City School District – Financial Condition (2013M-341)
… general fund budgeted expenditures for the 2013-14 fiscal year are $138.8 million. Key Findings In recent years the … surplus funds to $1,127,047 (.8 percent of the ensuing year’s appropriations). Although this is an improvement from the prior year, the District has very little cushion for managing …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/28/utica-city-school-district-financial-condition-2013m-341DiNapoli: NYC Finances Continue To Benefit From Better Than Projected Revenue but Spending Pressures Remain
… York City adopted a balanced budget for fiscal year (FY) 2025, totaling $116.8 billion including expense prepayments … the city faces a number of fiscal pressures entering FY 2025, which threaten the budget balance in the coming years. … entering FY 2023, is estimated at $4.4 billion entering FY 2025. FY 2024 was the second year the city expended more than …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-finances-continue-benefit-better-projected-revenue-spending-pressures-remainState Agencies Bulletin No. 1751
… Senate Resolution No. 958 of Bill No. C00243, approved on April 1, 2019, which provides for dollar limitations on … or NYSERS Effective Date(s) Institution Paychecks dated June 20, 2019 Administration Paychecks dated June 26, 2019 OSC Actions OSC will update PayServ to reflect …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1751-maximum-salary-limit-tier-6-members-following-retirement-systemsVillage of Tuckahoe – Financial Condition (2015M-88)
… Purpose of Audit The purpose of our audit was to review the Village’s financial condition for the period … 2011-12 and by more than $1 million in 2013-14, which led to operating deficits in each year. The Village’s contingency … budgets. Evaluate the Village’s contingency account to ensure it is sufficient. Monitor the budget throughout the …
https://www.osc.ny.gov/local-government/audits/village/2015/07/10/village-tuckahoe-financial-condition-2015m-88Village of Whitney Point – Cash Disbursements (2013M-69)
… the Village’s internal controls over cash disbursements for the period June 1, 2011, through January 29, 2013. … of four Trustees and a Mayor. The Village’s annual budget for the 2012-13 fiscal year was $1.22 million. Key Findings … a thorough and deliberate audit of the claims presented for payment and therefore, did not ensure that disbursements …
https://www.osc.ny.gov/local-government/audits/village/2013/04/26/village-whitney-point-cash-disbursements-2013m-692020 Financial Condition Report – 2020 Financial Condition Report
… Message from the Comptroller The 2019-20 fiscal year brought the convergence of two dramatically different … to generate overall job growth through most of the fiscal year before finally ending in February, as the COVID-19 … the State’s economy. The transition to a new fiscal year then brought the loss of more than 1.9 million jobs in …
https://www.osc.ny.gov/reports/finance/2020-fcrTown of Sidney – Budget Review (B4-15-18)
… for the fiscal year that ended December 31, 2005. New York State Local Finance Law requires all local governments that have been authorized to issue obligations to fund operating deficits to submit their preliminary budgets for the next fiscal year to the State Comptroller for review while the deficit obligations …
https://www.osc.ny.gov/local-government/audits/town/2015/10/26/town-sidney-budget-review-b4-15-18DiNapoli Releases October State Cash Report
… was enacted, according to the October cash report released today by New York State Comptroller Thomas P. DiNapoli. “The …
https://www.osc.ny.gov/press/releases/2014/11/dinapoli-releases-october-state-cash-reportOpinion 98-16
… claims) EDUCATION LAW, §3651: Moneys deposited in a tax certiorari reserve fund by a school district, which are … initial deposit, but no later than on that date. You ask how long a school district must hold moneys paid into a tax …
https://www.osc.ny.gov/legal-opinions/opinion-98-16DiNapoli Releases Fiscal Stress Scores for Villages and Cities
… of “significant fiscal stress,” 73 villages and cities have not filed their financial information, as required. … the fiscal health of 522 villages, which predominantly have a fiscal year ending on May 31, based on self-reported … of Buffalo, Rochester, Syracuse and Yonkers, each of which have fiscal years ending on June 30. Amsterdam (Montgomery …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-releases-fiscal-stress-scores-villages-and-citiesOut-of-Service Death Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… and you die more than one year after leaving public employment, 50 percent of the death benefit may still be …
https://www.osc.ny.gov/retirement/publications/1511/out-service-death-benefitOut-of-Service Death Benefit – Career Plan
… service, have not retired, and you die more than one year after leaving public employment, 50 percent of the death … vested benefit may also be payable if you die within one year of leaving covered service, but were gainfully employed …
https://www.osc.ny.gov/retirement/publications/1642/out-service-death-benefitOut-of-Service Death Benefit – New Career Plan
… service, have not retired, and you die more than one year after leaving public employment, 50 percent of the death … vested benefit may also be payable if you die within one year of leaving covered service, but were gainfully employed …
https://www.osc.ny.gov/retirement/publications/1515/out-service-death-benefit