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Examples from GASB Statement 34 - Statement of Changes in Fiduciary Net Assets
… $ 80,776 Statements of individual pension plans and external investment pools are required to be presented in …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-changes-fiduciary-net-assetsState Agencies Bulletin No. 2087
… Purpose The purpose of this bulletin is to notify agencies of the 2023 maximum salary limit for … The purpose of this bulletin is to notify agencies of the 2023 maximum salary limit for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2087-maximum-salary-limit-members-optional-retirement-plan-orp-and-voluntaryState Agencies Bulletin No. 2187
… Purpose: The purpose of this bulletin is to notify agencies of the 2024 maximum salary limit for … The purpose of this bulletin is to notify agencies of the 2024 maximum salary limit for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2187-maximum-salary-limit-members-optional-retirement-plan-orp-and-voluntaryPort Washington Union Free School District – Claims Processing and Inventories (2016M-263)
… over claims processing and inventories for the period July 1, 2014 through May 31, 2016. Background The Port Washington … for the 2015-16 fiscal year totaled approximately $146 million. Key Findings Not all claims contained the …
https://www.osc.ny.gov/local-government/audits/school-district/2016/10/28/port-washington-union-free-school-district-claims-processing-andTown of Sidney – Budget Review (B4-16-13)
… in the Town’s preliminary budget for the 2017 fiscal year are reasonable. Background The Town of Sidney, located … expenses related to the Town-owned hospital for the fiscal year that ended December 31, 2005. New York State Local … to submit their preliminary budgets for the next fiscal year to the State Comptroller for review while the deficit …
https://www.osc.ny.gov/local-government/audits/town/2016/10/25/town-sidney-budget-review-b4-16-13True North Troy Preparatory Charter School – Enrollment and Billing (2013M-147)
… 2013. Background The True North Troy Preparatory Charter School, located in the City of Troy, is governed by a Board … of Trustees which comprises seven voting members. The School was established in 2008 under SUNY authorization and … 300 students in kindergarten through eighth grades. The School’s budgeted operating expenses for the 2012-13 fiscal …
https://www.osc.ny.gov/local-government/audits/charter-school/2013/08/09/true-north-troy-preparatory-charter-school-enrollment-and-billing-2013mState Agencies Bulletin No. 1978
… (D) (ii) will increase to $305,000 for the 2022 calendar year for ORP and VDC Tier 6 plan participants. Effective … PayServ to reflect the Maximum Salary Limit for calendar year 2022. 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/1978-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedState Agencies Bulletin No. 1883
… will increase to $290,000 for the 2021 calendar year. Effective Dates Effective as of Administration checks … to reflect the Maximum Salary Limit for the 2021 Calendar Year. PayServ will automatically stop ORP contributions when … resume in 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/1883-maximum-salary-limit-optional-retirement-plan-orp-tiers-1-through-5Alternative and Out-of-Service Death Benefits – State Police Plan
… but you have not retired, and you die less than one year after leaving public employment, your beneficiary would … were otherwise gainfully employed. If you die within one year of leaving your public employer, but were gainfully … employed during that time, or if you die more than one year after leaving public employment, your beneficiary may be …
https://www.osc.ny.gov/retirement/publications/1518/alternative-and-out-service-death-benefitsAlternative and Out-of-Service Death Benefits – Special 20- and 25-Year Plans
… but you have not yet retired, and you die less than one year after leaving public employment, your beneficiary would … were otherwise gainfully employed. If you die within one year of leaving your public employer, but were gainfully … employed during that time, or if you die more than one year after leaving public employment, your beneficiary may be …
https://www.osc.ny.gov/retirement/publications/1517/alternative-and-out-service-death-benefitsDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… on investments in the midst of global volatility thanks to our talented investment staff and our diversified asset … and Local Retirement System provides retirement security to more than one million active state and local government … Strong returns in recent years have resulted in back to back consecutive reductions in employer contributions in …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionFund Financial Data – 2023 Financial Condition Report
… Fund financial statements provide a short-term view of finances. … Fund financial statements provide a shortterm view of finances …
https://www.osc.ny.gov/reports/finance/2023-fcr/fund-financial-dataLincoln Fire District – Financial Activities (2012M-228)
… fund budget totaled about $136,000 for the 2012 fiscal year. The Board of Fire Commissioners consists of five … and canceled checks two or three times throughout the year but could not provide us with any written evidence of … appropriations, operating surplus at the end of the year, and interest income, totaling $71,873 for the equipment …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/01/25/lincoln-fire-district-financial-activities-2012m-228City of Yonkers – Budget Review (B6-15-16)
… an alternate source of revenue or reducing appropriations. Replace nonrecurring revenue, such as fund balance, in the …
https://www.osc.ny.gov/local-government/audits/city/2015/07/10/city-yonkers-budget-review-b6-15-16Utica City School District – Financial Condition (2013M-341)
… Purpose of Audit The purpose of our audit was to assess the District’s financial condition for the period … the District has struggled with fiscal challenges due to a deteriorating financial condition. District officials … the District’s unexpended surplus funds had declined to a deficit of $1,157,820. By the end of 2012-13, the …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/28/utica-city-school-district-financial-condition-2013m-341Town of Rensselaerville – Financial Operations (2012M-168)
… Town’s operating funds’ appropriations for the 2012 fiscal year are approximately $2.1 million. Key Findings The Town’s … fund was overstated by a total of $247,036 in fiscal year 2011, which was 30 percent of the budgeted revenues. … and the Clerk within 60 days after the close of the fiscal year, or 120 days after the close the fiscal year if an …
https://www.osc.ny.gov/local-government/audits/town/2013/01/11/town-rensselaerville-financial-operations-2012m-168Hancock Central School District – Financial Condition (2013M-187)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial operations for the period July 1, 2011, to June 30, 2013. Background The Hancock Central School … surpluses, which caused the accumulated fund balance to exceed the statutory maximum of 4 percent of the ensuing …
https://www.osc.ny.gov/local-government/audits/school-district/2013/09/20/hancock-central-school-district-financial-condition-2013m-187Town of East Fishkill –Financial Condition (2014M-139)
… the year and did not require the Town Comptroller to present accurate and reliable financial information on a …
https://www.osc.ny.gov/local-government/audits/town/2014/08/08/town-east-fishkill-financial-condition-2014m-139State Agencies Bulletin No. 1858.1
… 21, 2021. Employees can visit the Unclaimed Funds - Search for Lost Money website to search for money remitted to OUF and submit a claim to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/18581-outreach-escheatment-2019-uncashed-payroll-checksUpdate on New York City Staffing Trends
New York City employs the largest municipal workforce in the United States. Prior to the pandemic, the City government (which, unlike many local governments, includes its schools), employed about 300,400 full-time employees, an increase of 33,023 employees since City fiscal year (FY) 2012.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-13-2023.pdf