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Audit Finds Operational and Oversight Failures Led to Financial Instability in Mount Vernon
… The city of Mount Vernon faced financial uncertainty and problems because … to complete basic financial functions contributed to Mount Vernon’s fiscal crisis,” DiNapoli said. “It is time for … full responses are included in the audit. Audits City of Mount Vernon – Non-Payroll Disbursements (2021M-163) Audit …
https://www.osc.ny.gov/press/releases/2022/01/audit-finds-operational-and-oversight-failures-led-financial-instability-mount-vernonState Police Bulletin No. SP-109
… Purpose To inform the agency of new Additional Pay earning codes and to provide instructions to pay the out-of-title work. … To inform the agency of new Additional Pay earning codes and to provide instructions to pay the outoftitle work …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-109-payment-out-title-work-employees-new-york-state-police-representedDiNapoli: 31 School Districts Designated in Fiscal Stress
… Stress Monitoring System for the school fiscal year (SY) ending June 30, 2025, up from 22 districts in fiscal … balanced to avoid fiscal problems going forward.” From SY 2019-20 to 2024-25, school districts spent $4 billion of … pandemic relief funding. With this funding dwindling, in SY 2024-25, districts reported spending only $317 million in …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-31-school-districts-designated-fiscal-stressState Police Disability (Section 363-b) – State Police Plan
… 20 years or more of service and are eligible for service retirement, your disability benefit will equal your service retirement benefit. If the application is approved, you will … authority by the court, may file. You must select a pension payment option for the payment of your disability …
https://www.osc.ny.gov/retirement/publications/1518/state-police-disability-section-363-bReal Property Tax Cap Information - Glossary
… government operations. These taxes are included under the tax cap. Fees based on use of goods and services (such as … from a public project. These taxes are included under the tax cap. Fees based on use of goods and services (such as … Real Property Tax Cap Information Glossary …
https://www.osc.ny.gov/local-government/property-tax-cap/real-property-tax-cap-information-glossaryState Agencies Bulletin No. 2052
… of Workdays in the Vesting Period 1 10/01/2021 03/31/2022 130 2 04/01/2022 09/30/2022 131 3 10/01/2022 03/31/2023 130 4 04/01/2023 09/30/2023 130 5 10/01/2023 03/31/2024 130 … salary cap of $125,000. Step 2: Determine the number of days worked in the non-annualized position. 11/16/2021 – …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2052-health-care-and-mental-hygiene-worker-bonuses-state-employeesNew York's 529 College Savings Program Delivers $287 Million to College Students Since January
… Program, designed to help parents save for college, is tax-advantaged and has been available since 1997. The … as one of the best in the nation by savingforcollege.com. For more information about the program, click here or … Plan disclosure booklet or go to: http://cdn.unite529.com/jcdn/files/NYD/pdfs/DisclosureBooklet.pdf. …
https://www.osc.ny.gov/press/releases/2016/05/new-yorks-529-college-savings-program-delivers-287-million-college-students-januaryDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… staff and our diversified asset allocation.” The Fund is the third-largest public pension fund in the country and … mortality. The Fund’s long-term expected rate of return is 7.5 percent. Strong returns in recent years have resulted … not available A graph showing the Fund’s value since 1993 is available here: …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionIV.5.B Bond and Debt Proceeds – IV. Accounting Codes - Uses and Descriptions
… Anticipation Notes (TRAN) Proceeds from the sale of TRANs by New York State. 36205 Bond Anticipation Notes …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv5b-bond-and-debt-proceedsWage Theft Investigations (Follow-Up)
… of 17,191 cases, including 9,331 active investigations and 7,860 cases pending payment. Of these, 12,938 cases (75 … system did not provide management with accurate or useful case management reports. Key Findings We determined that the … reports that track information to monitor these plans and alert senior management to accounts in arrears. Other Related …
https://www.osc.ny.gov/state-agencies/audits/2015/05/22/wage-theft-investigations-followContracts for Personal and Miscellaneous Services (Follow-Up)
… five recommendations included in our initial audit report, Contracts for Personal and Miscellaneous Services ( 2009-S-54 … have documentation to justify the need for new or renewed contracts for personal and miscellaneous services. In … to support that it periodically reassessed all of its contracts for personal and miscellaneous services. We also …
https://www.osc.ny.gov/state-agencies/audits/2014/01/07/contracts-personal-and-miscellaneous-services-followDisposal of Electronic Devices
… Purpose To determine if electronic devices being surplused by the … also whether the Department had developed formal processes to minimize the risk of unauthorized disclosure of such … such equipment. The audit covers the period June 1, 2012 to October 10, 2012. Background Office of Cyber Security …
https://www.osc.ny.gov/state-agencies/audits/2013/05/13/disposal-electronic-devicesContract Advisory No. 3
… of fields can be used. However, only the information that is changing should be entered. Any fields that do not need to … should be left blank. Specifically, when the amendment is extending the contract period, do not complete the New … Amending a Contract Header can be found on the SFS Secure site. …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/3-entering-contract-amendment-begin-and-expire-dates-statewide-financial-systemSt. Lawrence County – Financial Condition (2013M-46)
… period January 1, 2011, to December 31, 2012. Background St. Lawrence County, located in northern New York, has a … St Lawrence County Financial Condition 2013M46 …
https://www.osc.ny.gov/local-government/audits/county/2013/05/02/st-lawrence-county-financial-condition-2013m-46North Greenbush Common School District – Budgeting (2016M-112)
… Background The North Greenbush Common School District is located in the Town of North Greenbush, Rensselaer County. … its students to attend one of four other school districts, is governed by an elected three-member Board of Education. … that result in the appropriation of fund balance that is not used to finance District operations. Reduce the amount …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/24/north-greenbush-common-school-district-budgeting-2016m-112Town of Middlebury – Purchasing (2013M-212)
… audit was to evaluate internal controls over purchasing for the period January 1, 2012, through June 19, 2013. … composed of a Town Supervisor and four council members. For the 2012 fiscal year, budgeted appropriations totaled $221,909 for the general fund and $747,232 for the highway fund. Key …
https://www.osc.ny.gov/local-government/audits/town/2013/10/04/town-middlebury-purchasing-2013m-212Village of Shoreham – Board Oversight and Justice Court (2017M-152)
… November 30, 2016. Background The Village of Shoreham is located in the Town of Brookhaven in Suffolk County and has approximately 515 residents. The Village is governed by an elected five member Board of Trustees. The … receipts and ensure that an independent reconciliation is prepared for the money received by departments and …
https://www.osc.ny.gov/local-government/audits/justice-court/2021/04/09/village-shoreham-board-oversight-and-justice-court-2017m-152Upper Jay Fire District – Audit Follow-Up (2023M-24-F)
… audit the Treasurer's 2021 records. While the Treasurer is required to sign all checks, she signed six (2 percent) of … District’s financial activities. Background The District is located in the Town of Jay in Essex County. An elected five-member Board governs the District and is responsible for its overall financial management. An …
https://www.osc.ny.gov/local-government/audits/fire-district/2026/01/16/upper-jay-fire-district-audit-follow-2023m-24-fWarren County Local Development Corporation – Audit Follow-Up (2021M-102-F)
… – pdf] Purpose of Review The purpose of our review was to assess the Warren County Local Development Corporation’s … loan program. The audit included 10 recommendations to help officials monitor and improve the Corporation’s … the Warren County Economic Development Corporation (EDC) to provide the day-to-day management of the Corporation’s …
https://www.osc.ny.gov/local-government/audits/county/2025/03/28/warren-county-local-development-corporation-audit-follow-2021m-102-fNYS Common Retirement Fund Announces First Quarter Results
… 2015, with an estimated value of $182.5 billion, according to New York State Comptroller Thomas P. DiNapoli. "The first … by the Fund in 2009 as part of his on-going efforts to increase accountability and transparency. About the New … 30 2015 with an estimated value of $1825 billion according to New York State Comptroller Thomas P DiNapoli …
https://www.osc.ny.gov/press/releases/2015/08/nys-common-retirement-fund-announces-first-quarter-results