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State Comptroller DiNapoli Announces Latest Fiscal Stress Scores
… and proper long-term planning." The latest round of scores is based on 2016 financial information provided to DiNapoli’s … Poughkeepsie; and the towns of Cherry Valley, Oswego and Parish. An additional 10 municipalities have been listed as … of all municipalities in a fiscal stress category are located in the downstate regions of Long Island and the …
https://www.osc.ny.gov/press/releases/2017/09/state-comptroller-dinapoli-announces-latest-fiscal-stress-scoresDiNapoli Announces Fiscal Stress Scores
… including six counties, four cities, and nine towns. This release is based on financial information of local … this latest round, the city of Poughkeepsie (fiscal stress score of 78.3), the city of Niagara Falls (72.1), and the … The system also evaluates information such as population trends, poverty and unemployment in order to establish a …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-announces-fiscal-stress-scoresHigher Education – 2022 Financial Condition Report
… Enrollment In academic year (AY) 2021-22, New York State public and private higher … National Student Clearinghouse. Online course enrollment for the State University of New York (SUNY) increased by 87.2 … New York State also provided an estimated 57,871 other scholarships and awards totaling almost $196 million in aid, …
https://www.osc.ny.gov/reports/finance/2022-fcr/higher-educationOpinion 95-27
… MUNICIPAL FUNDS -- State Aid (submission of claims for adjustments in the amount of State aid paid to a school … DISTRICTS -- Powers and Duties (submission of claims for adjustments in the amount of State aid paid to a school … chapter 82 of the Laws of 1995, provide a "grace period" for submission of claims for adjustments in the amount of …
https://www.osc.ny.gov/legal-opinions/opinion-95-27XIII.6 Potential Tax Consequences of Assigning an Incorrect Official Station – XIII. Employee Expense Reimbursement
… The employee’s personal income tax liability for these travel expenses can be negligible, such as the amounts … tax liabilities with respect to reimbursement of travel expenses. This tax liability can also be unexpected … the consequences of reimbursing employees for travel expenses incurred by an employee in the vicinity of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii6-potential-tax-consequences-assigning-incorrect-official-stationGanrormic, Inc. – Compliance With the Reimbursable Cost Manual
… Background Ganrormic, a for-profit organization located in Orchard Park, New York, is an SED-approved provider of … with disabilities from 13 different school districts in two counties in western New York. For the fiscal year ended June 30, 2014, …
https://www.osc.ny.gov/state-agencies/audits/2017/03/21/ganrormic-inc-compliance-reimbursable-cost-manualFinger Lakes United Cerebral Palsy – Compliance With the Reimbursable Cost Manual
… Happiness House, a not-for-profit organization located in the Finger Lakes region of central New York, is authorized … services to about 150 children with learning disabilities in Geneva, Canandaigua, and Waterloo, NY. Happiness House is … 2013, Happiness House reported approximately $3.4 million in reimbursable costs for its preschool special education …
https://www.osc.ny.gov/state-agencies/audits/2015/11/05/finger-lakes-united-cerebral-palsy-compliance-reimbursable-cost-manualDefinitions – Contribution Stabilization Program
… the Comptroller. The Actuary determines the present value of current and future retirement benefits based on the … Comptroller on Actuarial Assumptions. The present value of benefits is then compared to the value of the Common Retirement Fund’s assets. The difference …
https://www.osc.ny.gov/retirement/employers/csp/definitionsDiNapoli: Office Has $14.5 Billion in Unclaimed Funds; Urges New Yorkers to Claim Lost Money
… today announced that his office has over $14.5 billion in unclaimed funds and urged New Yorkers to see if any of it … record for the third consecutive year for the most unclaimed funds returned in one year totaling $452 million. … our website." There are currently more than 35 million unclaimed funds accounts, some dating back to the 1940s. …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-office-has-145-billion-unclaimed-funds-urges-new-yorkers-claim-lost-moneyCity of Yonkers – Budget Review (B19-6-6)
… [read complete report - pdf] Purpose of Budget Review The purpose of our budget review was to identify issues which impact the City of Yonkers’ financial condition in the current and future … The purpose of our budget review was to identify issues which impact the …
https://www.osc.ny.gov/local-government/audits/city/2019/07/10/city-yonkers-budget-review-b19-6-6Town of Thurston – Financial Management (2013M-280)
… Purpose of Audit The purpose of our audit was to review the Town’s financial management, … 1, 2011 through December 31, 2013. Background The Town of Thurston is located in Steuben County and has … The purpose of our audit was to review the Towns financial management …
https://www.osc.ny.gov/local-government/audits/town/2014/07/18/town-thurston-financial-management-2013m-280The Kelberman Center, Inc. – Compliance With the Reimbursable Cost Manual
… is an SED-approved special education provider located in Utica. Kelberman’s mission is to provide state-of-the-art … 30, 2017, Kelberman reported approximately $1.77 million in reimbursable costs on its CFRs for the Preschool Special … the fiscal year ended June 30, 2017, we identified $23,616 in ineligible costs Kelberman reported on its CFRs for the …
https://www.osc.ny.gov/state-agencies/audits/2020/12/23/kelberman-center-inc-compliance-reimbursable-cost-manualBenchmark Family Services, Inc. – Compliance With the Reimbursable Cost Manual
… To SED: Review the disallowances identified by our audit and, if warranted, make the necessary adjustments …
https://www.osc.ny.gov/state-agencies/audits/2016/12/29/benchmark-family-services-inc-compliance-reimbursable-cost-manualRochester Childfirst Network – Compliance With the Reimbursable Cost Manual
… to RCN for its preschool special education services using reimbursement rates set by SED; the State, in turn, … preschool special education tuition it pays. SED sets the reimbursement rates based on financial information, including … RCN reports to SED on its annual CFR. To be eligible for reimbursement, reported costs must comply with the guidelines …
https://www.osc.ny.gov/state-agencies/audits/2016/11/17/rochester-childfirst-network-compliance-reimbursable-cost-manualTaxes and Interest
… and certain court funds. Interest is paid for a period of five years from the date we receive the property. The interest rate is set by the New York State Department of Tax and Finance and is updated quarterly. Claims … stocks, bonds, and mutual funds, may be paid in the form of the original security (if available) or by returning the …
https://www.osc.ny.gov/unclaimed-funds/claimants/taxes-and-interestCUNY Bulletin No. CU-461
… (OSC) will take to apply the Retroactive Increase in Excludable Transit Benefits. Background The enactment of … the monthly limit for transit passes and transportation in a commuter vehicle. Effective January 1, 2013, the transit … Immediately Affected Employees Employees who participated in the Commuter Benefits Program, for tax year 2012, with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-461-retroactive-pre-tax-transit-adjustmentCity of Fulton – Fiscal Stress (2013M-310)
… The City’s budgeted appropriations for the 2013 fiscal year were approximately $15.5 million. Key Findings We … officials made budget transfers as needed throughout the year. In addition, City officials have prepared multiyear … that period, the unexpended surplus funds remaining at year end declined 84 percent − from $841,747 in 2010 to …
https://www.osc.ny.gov/local-government/audits/city/2013/11/22/city-fulton-fiscal-stress-2013m-310Additional Service Credit for Unused, Unpaid Sick Leave – Special 20- and 25-Year Plans
… the optional sick leave benefit provided by Section 341(j) of the Retirement and Social Security Law (RSSL). To be … must retire directly from public service or within a year of separating from service. For most members, the maximum number of sick leave days allowable is 165. The additional credit is …
https://www.osc.ny.gov/retirement/publications/1517/additional-service-credit-unused-unpaid-sick-leaveHelping Hands School – Compliance With the Reimbursable Cost Manual
… Fiscal Report CFR were properly calculated adequately doc …
https://www.osc.ny.gov/state-agencies/audits/2016/05/13/helping-hands-school-compliance-reimbursable-cost-manualChenango Valley Central School District – Budget Review (B4-13-11)
… Purpose of Audit The purpose of our budget review was to determine whether the significant revenue and expenditure … in Broome County, issued debt totaling $3.5 million to liquidate the accumulated deficit in the District’s … 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/school-district/2013/04/19/chenango-valley-central-school-district-budget-review-b4-13-11