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Partial Lump Sum Payment – En-Con Police Officers Plan
… choose to receive a reduced lifetime retirement benefit in exchange for a one-time lump sum payment. The lump sum … benefit. Additionally, severe tax consequences may apply in some situations. Page updated 12/13 … EnCon Police …
https://www.osc.ny.gov/retirement/publications/1822/partial-lump-sum-paymentSchool of Professional Studies – Controls Over Bank Accounts
… University of New York School of Professional Studies (CUNY SPS) was founded in 2003 to meet the educational needs … adults, organizations, and employers. In April 2014, CUNY SPS offered nine bachelor’s degrees and six master’s … programs and over 10,000 non-credit registrants each year. CUNY SPS’s revenues increased from $7.94 million in fiscal …
https://www.osc.ny.gov/state-agencies/audits/2015/06/02/school-professional-studies-controls-over-bank-accountsNorthport-East Northport Union Free School District – Financial Condition (2014M-164)
… 6,200 students and 1,680 employees. For the 2013-14 fiscal year, the District’s operating budget is approximately $156.6 … significantly overestimated appropriations over the five-year period. As shown in Table 1, District officials … overestimated expenditures by as much as $9.3 million each year, for a total of almost $34 million from the 2008-09 …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/northport-east-northport-union-free-school-district-financial-conditionCantalician Center for Learning – Compliance With the Reimbursable Cost Manual
… (CFRs) were properly calculated, adequately documented, and allowable under the State Education Department’s (SED) … guidelines, including the Reimbursable Cost Manual (RCM) and the Consolidated Fiscal Reporting and Claiming Manual … $2.23 million in reimbursable costs on its CFRs for two rate-based special education programs that it operated: …
https://www.osc.ny.gov/state-agencies/audits/2023/01/26/cantalician-center-learning-compliance-reimbursable-cost-manualDiNapoli Releases Fiscal Stress Scores for 17 Cities
… plans.” Using financial indicators that include year-end fund balance, short-term borrowing and patterns of operating … 50,000 state contracts, visit OpenBookNY . The easy-to-use website was created by DiNapoli to promote openness in …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-releases-fiscal-stress-scores-17-citiesTaxes – 2023 Financial Condition Report
… for state and local taxes (SALT) by imposing a tax on the business entity (S-corporations, LLCs, and partnerships) … rather than imposing the PIT on individual members of the business. PTET collections totaled $14.9 billion in SFY 2022-23, a decline of 9 percent Members of the business entities are authorized to claim a PIT credit for …
https://www.osc.ny.gov/reports/finance/2023-fcr/taxesCapital – 2023 Financial Condition Report
… investment program can support healthy economic growth, while the deterioration of capital assets can weaken the … funded directly from State-supported bond proceeds, while figures for the Division of the Budget’s projections … investment program can support healthy economic growth while the deterioration of capital assets can weaken the …
https://www.osc.ny.gov/reports/finance/2023-fcr/capitalXVI.3.I Budgetary Presentation – XVI. Financial Reporting
… with the actual cash receipts and disbursements for the year. The cash basis financial plan is presented as a basis … the State's intended spending policy during a given fiscal year. Appropriations (budgetary basis), on the other hand, … reflect what the State intends to disburse during the year. Additional reasons, which support the cash basis …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3i-budgetary-presentationEmpowering Minds Therapy Inc. – Compliance With the Reimbursable Cost Manual
… Objective To determine whether the costs reported by Empowering Minds … for-profit special education provider located in Holbrook. Empowering Minds provides preschool special … costs that Empowering Minds reported on its CFR that did not comply with SED’s requirements for reimbursement. The …
https://www.osc.ny.gov/state-agencies/audits/2022/04/08/empowering-minds-therapy-inc-compliance-reimbursable-cost-manualVillage of Forestville – Water Fund (2012M-207)
… has a population of 697 residents. The Village is governed by an elected Board of Trustees which consists of a Mayor and …
https://www.osc.ny.gov/local-government/audits/village/2013/02/15/village-forestville-water-fund-2012m-207Minds in Motion, Inc. – Compliance With the Reimbursable Cost Manual
… the costs that MIM reported on its CFR for the fiscal year ended June 30, 2015. About the Program MIM is an … must comply with the RCM requirements. For the fiscal year ended June 30, 2015, MIM reported $571,094 in … education program it operated. Key Findings For the fiscal year ended June 30, 2015, we identified $27,970 in costs …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/minds-motion-inc-compliance-reimbursable-cost-manualChildren's Development Group, PLLC – Compliance With the Reimbursable Cost Manual
… covered costs reported on CDG’s CFR for the reporting year ended June 30, 2016. About the Program CDG is an … Cost Manual (RCM) requirements. For the reporting year ended June 30, 2016, CDG reported $427,599 in … and Essex counties Key Findings For the reporting year ended June 30, 2016, we identified $166,676 in reported …
https://www.osc.ny.gov/state-agencies/audits/2019/12/11/childrens-development-group-pllc-compliance-reimbursable-cost-manualTown of Cherry Valley – Budget Review (B4-14-21)
… the significant revenue and expenditure projections in the Town’s preliminary budget for the 2015 fiscal year are reasonable. Background The Town … which makes the 2015 tax levy an increase of 4 percent over the 2014 tax levy of $747,773. Key Recommendations Town …
https://www.osc.ny.gov/local-government/audits/town/2014/11/12/town-cherry-valley-budget-review-b4-14-21St. Anne Institute – Compliance With the Reimbursable Cost Manual
… covered expenses reported on St. Anne’s CFR for the fiscal year ended June 30, 2016. About the Program St. Anne is an … must comply with the RCM requirements. For the fiscal year ended June 30, 2016, St. Anne reported about $450,000 in … program that it provided. Key Findings For the fiscal year ended June 30, 2016, we identified $14,204 in in …
https://www.osc.ny.gov/state-agencies/audits/2019/12/10/st-anne-institute-compliance-reimbursable-cost-manualCity of Yonkers – Budget Review (B20-6-6)
… [ read complete report - pdf ] Purpose of Budget Review The purpose of our budget review was to … for the City of Yonkers (City), determined that the City’s adopted budget for fiscal year 2020-21 and the related … on nonrecurring revenue of $67.1 million, such as fund balance, one-time State funding and sale of property, to …
https://www.osc.ny.gov/local-government/audits/city/2020/06/24/city-yonkers-budget-review-b20-6-6State Agencies Bulletin No. 1858
… This bulletin is superseded by Payroll Bulletin No. 1858.1 . Purpose The purpose of this … regarding the outreach and escheatment of uncashed payroll checks for calendar year 2019. Affected Employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1858-outreach-escheatment-2019-uncashed-payroll-checksCity of Amsterdam – Budget Review (B24-5-5)
… [read complete report – pdf] Purpose The purpose of our budget review was to provide an independent evaluation of the City’s proposed budget for 2024-25. Background Chapter 531 of the … exceed $8.3 million to liquidate the cumulative deficits in the City’s general, transportation, sewer and recreation …
https://www.osc.ny.gov/local-government/audits/city/2024/05/13/city-amsterdam-budget-review-b24-5-5City of Lockport – Budget Review (B24-1-8)
… [ read complete report – pdf ] Purpose The purpose of our budget review was to provide an independent evaluation … 2014, as amended by Chapter 147 of the Laws of 2015 (the Act), authorized the City to issue debt to liquidate the …
https://www.osc.ny.gov/local-government/audits/city/2024/11/08/city-lockport-budget-review-b24-1-8State Agencies Bulletin No. 928
… Sum payment rules as described in Payroll Bulletin No. 888 : An employee who is not eligible for the payment becomes …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/928-october-2009-merit-step-listings-and-payments-certain-graded-and-nsSUNY Bulletin No. SU-360.1
… for processing the 2024 $3000 UUP Non-Pensionable Lump Sum Payment. Affected Employees: Employees in PSNU – BU08 … must have continuous service as stated in Civil Service Law Section 130.3(c) from 08/24/2023 through 04/30/2024. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-3601-professional-services-negotiating-unit-psnu-employees