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City of Glen Cove – Budget Review (B7-14-16)
… Purpose of Audit The purpose of our budget review was to determine whether the significant revenue and expenditure … in Nassau County, issued debt totaling $12.8 million to liquidate various accumulated fund deficits for the fiscal … 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/city/2014/10/16/city-glen-cove-budget-review-b7-14-16Reporting of Billboard Income (Follow-Up)
… of implementation of the five recommendations included in our initial report, Reporting of Billboard Income ( … Property Income Expense Statement (RPIE) billboard income. In addition, Finance was not doing enough to identify and … income estimated to generate $500,000 of tax revenue in the first year and up to $2.9 million of tax revenue in …
https://www.osc.ny.gov/state-agencies/audits/2016/11/04/reporting-billboard-income-followChildren’s Education Services, Inc. – Compliance With the Reimbursable Cost Manual
… reported by Children’s Education Services, Inc. (CES) on its Consolidated Fiscal Reports (CFR) were properly … Cost Manual (RCM). We audited the costs that CES reported on its CFR for the fiscal year ended June 30, 2015. About the … rates set by SED. The reimbursement rates are based on financial information, including costs, that CES reports …
https://www.osc.ny.gov/state-agencies/audits/2019/12/18/childrens-education-services-inc-compliance-reimbursable-cost-manualPine Bush Central School District – Budgeting Practices and Transportation Cost Savings (2012M-238)
… fund balance and identify opportunities for cost savings in transportation for the period July 1, 2011, through July … The Pine Bush Central School District is located in Orange, Sullivan, and Ulster Counties. The District is … District officials routinely overestimated expenditures in the District’s annual budget. Total expenditures were …
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/08/pine-bush-central-school-district-budgeting-practices-and-transportationLife Changes: What If I Work After Retirement?
… 30, 2027 (May 2025 legislation extended the date from 2025 to 2027). This earnings limit suspension does not apply to retirees who work for a college, university or charter … the age of 65, the $35,000 limit is in effect and applies to the entire calendar year in 2025 . A Message from …
https://www.osc.ny.gov/retirement/publications/life-changes-what-if-i-work-after-retirementLegislative and Executive Retirement Plan For Tier 1 and 2 Members (Section 80-a)
… explains some of those benefits and the services available to you as a member of our system, including: Benefits you … Benefits your beneficiary may receive if you die while working for a public employer or after you retire … service can be credited under Section 80-a. If you are able to obtain credit for your previous public employment, it …
https://www.osc.ny.gov/retirement/publications/legislative-and-executive-retirement-plan-tier-1-and-2-members-section-802017 Financial Condition Report – 2017 Financial Condition Report
… present the State of New York’s Financial Condition Report for the fiscal year ended March 31, 2017. New York State’s …
https://www.osc.ny.gov/reports/finance/2017-fcrComptroller DiNapoli and Senator Peralta Pen Op-Ed on NYS Dream Act
… New York State Comptroller Thomas P. DiNapoli and state Senator Jose Peralta co-authored an op-ed on the NYS DREAM Act. If passed, the bill would extend the … students attending City University of New York (CUNY) and State University of New York (SUNY) colleges during the …
https://www.osc.ny.gov/press/releases/2015/01/comptroller-dinapoli-and-senator-peralta-pen-op-ed-nys-dream-actBrewster Central School District – Financial Condition (2014M-224)
… of Southeast in Putnam County. The District is governed by the Board of Education, which comprises seven elected …
https://www.osc.ny.gov/local-government/audits/school-district/2014/11/07/brewster-central-school-district-financial-condition-2014m-224State Agencies Bulletin No. 1973
… earnings limit for Tier 5 ERS members for calendar year 2022 is $21,386.41. Affected Employees Employees who are Tier … Dates Effective Administration paychecks dated January 5, 2022 and Institution paychecks dated January 13, 2022. OSC Actions OSC will update PayServ to reflect the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1973-tier-5-pensionable-overtime-earnings-limit-calendar-year-2022-employeesState Agencies Bulletin No. 1791
… agencies that the pensionable overtime earnings limit for Tier 5 Employee Retirement System (ERS) members for calendar year 2020 is $20,158.75. Affected Employees … agencies that the pensionable overtime earnings limit for Tier 5 Employee Retirement System ERS members for calendar …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1791-tier-5-pensionable-overtime-earnings-limit-calendar-year-2020-employeesPayments Not Requiring Pre-Audit – Improving the Effectiveness of Your Claims Auditing Process
… year. Retirement contributions by a participating employer in the New York State and Local Retirement System as billed by OSC. These types of …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/payments-not-requiring-pre-auditHaverstraw-Stony Point Central School District – Financial Condition (2014M-275)
… Haverstraw-Stony Point Central School District is located in the Towns of Haverstraw and Stony Point, Rockland County, …
https://www.osc.ny.gov/local-government/audits/school-district/2014/12/05/haverstraw-stony-point-central-school-district-financial-condition-2014mAbout Employer Contribution Rates – What Every Employer Should Know
… State fiscal year; and The employer contribution rates for the retirement plans and optional benefits the employer offers. The NYSLRS’ Actuary is responsible for determining required employer contribution rates. For … including how contribution rates are determined, visit our Employer Contributions and Rates page . Rev. 9/25 …
https://www.osc.ny.gov/retirement/employers/partnership/about-employer-contribution-ratesState Agencies Bulletin No. 1445
… Purpose To provide Agencies with general guidance on the services and … inquiries/requests must be submitted in writing to the Tax and Compliance mailbox. Requests sent to individual OSC employee email addresses may fail to be … To provide Agencies with general guidance on the services and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1445-general-tax-tipsDiNapoli Releases Executive Budget Report
… and the end of federal relief aid that was instrumental in balancing the past two budgets, according to a report by … Budget. The Executive Budget proposes $227 billion in All Funds spending in SFY 2023-24, an increase of $5.4 billion, or 2.5%, from …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-releases-executive-budget-reportDiNapoli: 90 School Districts in Fiscal Stress
… include scores for the dependent school districts in the “Big Four” cities of Buffalo, Rochester, Syracuse and Yonkers. … Central School District (Broome) and the Tupper Lake Central School District (Franklin). DiNapoli’s report …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-90-school-districts-fiscal-stressState Agencies Bulletin No. 702
… and procedures regarding the calculation of affected employees’ salaries. Affected Employees Employees who move between bargaining units with different … and procedures regarding the calculation of affected employees salaries …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/702-recalculation-salary-when-there-movement-between-bargaining-unitsDiNapoli: External Risks Threaten NYC Budget
… beyond the city's control, including possible changes in federal policy, are creating uncertainty." City officials project a budget surplus of nearly $3.1 billion in the current fiscal year that will be used to balance the … have been slowing and are now expected to be lower in fiscal years 2017 and 2018 than projected before the start …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-external-risks-threaten-nyc-budgetNYS Comptroller DiNapoli: Wall Street’s 2021 Bonuses Set a New Record
… The average bonus paid to employees in New York City’s securities industry for 2021 grew to $257,500, a 20% jump over the previous year’s record high, according to annual estimates released today by … The average bonus paid to employees in New York Citys securities industry for 2021 grew to $257500 a 20 jump over the previous years …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-wall-streets-2021-bonuses-set-new-record