Search
State Agencies Bulletin No. 1239
… Critical Date(s) for Agency Action Cost Center updates in SFS must be completed by March 15, 2013 , prior to the … the Fiscal Year End processing. Updates to Position Pools in PayServ must be completed by March 25, 2013. Background In order to process necessary Fiscal Year End activities, the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1239-updates-account-codes-attached-position-pools-sfs-fiscal-year-endCity of Yonkers – Budget Review (B6-15-16)
… of 4.74 percent. Key Findings The 2015-16 budget relies on nonrecurring funding of $14 million which will not be available in future years. The City continues to rely on fund balance to close gaps in the budget. If police … be over-budget by as much as $2.1 million based on the 2014-15 fiscal year overtime costs. The City plans to …
https://www.osc.ny.gov/local-government/audits/city/2015/07/10/city-yonkers-budget-review-b6-15-16Lincoln Fire District – Financial Activities (2012M-228)
… 31, 2012. Background The Lincoln Fire District is located in Madison County. The District’s general fund budget totaled …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/01/25/lincoln-fire-district-financial-activities-2012m-228DiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… of $183.5 billion as of the close of the state fiscal year on March 31, 2015. “The Fund performed well over the past year despite the challenges in the market,” DiNapoli said. … cost and are determined by investment results over a multi-year period along with numerous other actuarial assumptions, …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionFund Financial Data – 2023 Financial Condition Report
… is the amount of funds available at the end of the fiscal year. The operating result is the amount the fund balance increased or decreased during the year. General Fund Balance (GAAP Basis) Increases From Prior Year At the end of State Fiscal Year (SFY) 2022-23, the …
https://www.osc.ny.gov/reports/finance/2023-fcr/fund-financial-dataUtica City School District – Financial Condition (2013M-341)
… District officials have adopted realistic budgets and its spending did not exceed the budget. However, they … operational plan to provide a framework for future budgets and facilitate management of financial operations. Key … Reduce reliance on fund balance as a financing source and continue to evaluate and explore ways to cut costs and/or …
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)
… for 2011 or 2012. Former employees still had online banking user accounts, and the Supervisor and bookkeeper had excessive online banking privileges because the Board failed to establish policies and procedures for online banking. Key Recommendations Ensure that accounting …
https://www.osc.ny.gov/local-government/audits/town/2013/01/11/town-rensselaerville-financial-operations-2012m-168State Agencies Bulletin No. 1858.1
… with one or more uncashed payroll checks originally issued in calendar year 2019 are affected. Background Abandoned … NPAY539 (Non-Negotiated Payroll Checks). OSC Actions In accordance with Abandoned Property Law §1422, an initial … issued for all uncashed payroll checks originally issued in 2019 and the funds will be remitted to the OUF on April …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/18581-outreach-escheatment-2019-uncashed-payroll-checksTown of East Fishkill –Financial Condition (2014M-139)
… was to review the financial condition of the Town’s sewer fund for the period January 1, 2012 through December 19, … information on a regular basis. As a result, the sewer fund’s financial condition has deteriorated in recent years. … had repeated operating deficits. The Town funded the sewer fund’s deficits with interfund advances from the general …
https://www.osc.ny.gov/local-government/audits/town/2014/08/08/town-east-fishkill-financial-condition-2014m-139Hancock Central School District – Financial Condition (2013M-187)
… comprises five elected members. For the 2013-14 fiscal year, the District’s operating budget is approximately $10 … exceed the statutory maximum of 4 percent of the ensuing year’s budget for those same fiscal years. To reduce the … more conservative in its budgeting practices for fiscal year 2011-12 and 2012-13 and reduced its unexpended surplus …
https://www.osc.ny.gov/local-government/audits/school-district/2013/09/20/hancock-central-school-district-financial-condition-2013m-187Opinion 98-16
… claims) EDUCATION LAW, §3651: Moneys deposited in a tax certiorari reserve fund by a school district, which are … initial deposit, but no later than on that date. You ask how long a school district must hold moneys paid into a tax …
https://www.osc.ny.gov/legal-opinions/opinion-98-16DiNapoli Releases Fiscal Stress Scores for Villages and Cities
… Monitoring System . DiNapoli evaluated all non-calendar year local governments and designated one city and two … health of 522 villages, which predominantly have a fiscal year ending on May 31, based on self-reported data for 2021. … in “moderate fiscal stress” with a score of 58.3. Last year, Amsterdam was ranked in “significant fiscal stress” …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-releases-fiscal-stress-scores-villages-and-citiesDiNapoli: 59 School Districts in Fiscal Stress
… System. This is a decrease from 82 districts that were listed in stress last year and 90 the year prior. This … fiscal years ending on June 30, 2016. “Fiscal stress in many school districts has declined, especially for those in … and Utica (Oneida). According to a report released by DiNapoli today in conjunction with the fiscal stress …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-59-school-districts-fiscal-stressState Agencies Bulletin No. 1751
… (6) (D) (ii) will increase to $200,000 for the 2019 plan year. Affected Employees Employees who are Tier 6 members of … to reflect the Maximum Salary Limit for the 2019 plan year. PayServ will automatically stop NYCTRS, NYCBERS, … will resume in the first paycheck of the following plan year. Questions Questions regarding this bulletin may be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1751-maximum-salary-limit-tier-6-members-following-retirement-systemsVillage of Tuckahoe – Financial Condition (2015M-88)
… fiscal years. The Treasurer did not provide the Board with monthly cash balance reports or cash flow statements and, except for three budget …
https://www.osc.ny.gov/local-government/audits/village/2015/07/10/village-tuckahoe-financial-condition-2015m-88Town of Sidney – Budget Review (B4-15-18)
… in the Town’s preliminary budget for the 2016 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/2015/10/26/town-sidney-budget-review-b4-15-18Village of Whitney Point – Cash Disbursements (2013M-69)
… million. Key Findings The Mayor and the Board did not conduct a thorough and deliberate audit of the claims … sufficient compensating controls. The Board did not conduct an audit of the Clerk-Treasurer’s records for the … of the Clerk/Treasurer or implement compensating controls. Conduct an audit of the Clerk-Treasurer’s records each year. …
https://www.osc.ny.gov/local-government/audits/village/2013/04/26/village-whitney-point-cash-disbursements-2013m-692020 Financial Condition Report – 2020 Financial Condition Report
… Message from the Comptroller The 2019-20 fiscal year brought the convergence of two dramatically different … to generate overall job growth through most of the fiscal year before finally ending in February, as the COVID-19 … the State’s economy. The transition to a new fiscal year then brought the loss of more than 1.9 million jobs in …
https://www.osc.ny.gov/reports/finance/2020-fcrDiNapoli: 82 School Districts in Fiscal Stress
… number of common characteristics. Most are operating with low fund balances, a pattern of operating deficits and … are more likely to have a shrinking property tax base, low budget support and a low graduation rate. DiNapoli’s … Valley (seven); Long Island has a disproportionately high share of districts that have been designated in fiscal …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-82-school-districts-fiscal-stressOpinion 88-45
… mature not later than the last day of the second fiscal year succeeding the fiscal year in which such notes are issued. Section 28.00 also … the amount of such notes shall mature in the first fiscal year succeeding the fiscal year in which such notes are …
https://www.osc.ny.gov/legal-opinions/opinion-88-45