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Village of Livonia – Board Oversight and Information Technology (2014M-221)
… Purpose of Audit The purpose of our audit was to review Board oversight of financial operations and … $835,790. Key Findings The previous Clerk-Treasurer did not provide regular monthly financial reports but did provide … year. The Mayor did not ensure that the proper rates of pay were paid or certify the payrolls from April through …
https://www.osc.ny.gov/local-government/audits/village/2015/01/09/village-livonia-board-oversight-and-information-technology-2014m-221Skaneateles Central School District – Records and Reports (2015M-154)
… advanced. Key Recommendations Reconcile all bank account cash balances to the general ledger cash account balances each month and provide reconciliation …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/16/skaneateles-central-school-district-records-and-reports-2015m-154Tri-Valley Central School District – Budgeting (2014M-094)
… District’s budgeted appropriations for the 2013-14 fiscal year were $30 million. Key Findings The Board did not adopt … increased from approximately $8 million for the fiscal year ended 2009 to more than $14 million as of the fiscal year ended 2013. While it was prudent for District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/08/tri-valley-central-school-district-budgeting-2014m-094Town of Sidney – Budget Review (B4-13-19)
… in the Town’s preliminary budget for the 2014 fiscal year are reasonable. Background The Town of Sidney, located … expenses related to the Town-owned hospital for the fiscal year ended December 31, 2005. Local Finance Law requires all … 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/2013/11/05/town-sidney-budget-review-b4-13-19Legislative and Executive Retirement Plan For Tier 1 and 2 Members (Section 80-a)
… Your Pension IRS Pension Limitation The Internal Revenue Code limits the amount of salary that qualified pension …
https://www.osc.ny.gov/retirement/publications/legislative-and-executive-retirement-plan-tier-1-and-2-members-section-80XII.6.M Lien Processing and Financial Reporting for Sole Custody Accounts – XII. Expenditures
… to the same payee totaling over $600 in a single calendar year must be reported to the payee via a Form 1099 … amount of payments made to that payee during the calendar year. This information should be encrypted and submitted to … possible after the last payment made during the calendar year, but no later than the first business day of January of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6m-lien-processing-and-financial-reporting-sole-custody-accountsCity of Long Beach - Budget Review (B19-7-4)
… payments to be more consistent with past payments. Include cash flow projections in the budget, to identify and address cash shortfalls. Review our recommendations before the budget …
https://www.osc.ny.gov/local-government/audits/city/2019/05/10/city-long-beach-budget-review-b19-7-4DiNapoli Releases Fiscal Stress Scores for 17 Cities
… issued fiscal stress scores today for the 17 cities in New York that have fiscal years ending between March 31 … Syracuse and Yonkers. “Fiscal stress scores have improved in several of these cities, but not everyone has smooth … stress score which classifies whether a municipality is in “significant fiscal stress,” in “moderate fiscal stress,” …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-releases-fiscal-stress-scores-17-citiesCollection of Electronic Waste Fees
… the responsibilities for collecting and recording cash receipts of the fees and surcharges. Also, supervisory … of fees by: separating the handling and recording of cash receipts to the degree feasible; and documenting the results of supervisory reviews of the cash collection process. Other Related Audit/Report of …
https://www.osc.ny.gov/state-agencies/audits/2015/09/02/collection-electronic-waste-feesMid Island Therapy Associates, LLC – Compliance With the Reimbursable Cost Manual
… 2012-13 retroactive salary increases that were paid in April and May 2014; $33,864 in non-reimbursable OTPS costs; and $7,495 in employee bonuses that were not in compliance with …
https://www.osc.ny.gov/state-agencies/audits/2015/12/31/mid-island-therapy-associates-llc-compliance-reimbursable-cost-manualLocal Government Financial Data Release Dates
… 30 Fire Districts September 30 These data sets are updated on a quarterly basis for 5 years after the original release …
https://www.osc.ny.gov/local-government/data/local-government-financial-data-release-datesState Agencies Bulletin No. 1445
… Purpose To provide Agencies with general guidance on the services and processes of the Bureau of State Payroll Services Tax Audit and Compliance Unit. Effective … a W-2c. The IRS does not require a corrected W-2 for an address change. From April through December, W-2cs are …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1445-general-tax-tipsDiNapoli Releases Executive Budget Report
… state faces prolonged inflation, rising federal interest rates and the end of federal relief aid that was instrumental … assumed decline is realized, there could be an additional $6.2 billion in total costs, including $2.2 billion in state … increases the balance of statutory rainy-day reserves to $6.5 billion at the end of the current fiscal year and …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-releases-executive-budget-reportVII.9.A Fringe Benefits and Indirect Costs Automation – VII. State Revenues and Appropriated Loan Receivables
… . The process will identify any eligible personal service (PS) charges since the prior FBIC run. The FBIC process will … specific for each agency. These rates will be applied to PS disbursements from Federal and other dedicated revenue … DOB. In addition to cash validation, FBIC charges for non-capital funds will also be exempt from DOB_KK and will not …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9a-fringe-benefits-and-indirect-costs-automationDiNapoli: 90 School Districts in Fiscal Stress
… The second round of scoring designated 10 school districts in “significant fiscal stress,” 27 in “moderate fiscal stress” and 53 as “susceptible to fiscal … stress.” Last year, a total of 87 districts were listed in fiscal stress. “School districts are the hearts of many of …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-90-school-districts-fiscal-stressState Agencies Bulletin No. 702
… units with different raise percentages in the fiscal year in which the movement occurred Effective Date(s) … employee has movement between bargaining units in a fiscal year where the percentage increases for the bargaining units … of any performance advance already paid during the fiscal year, to reflect the general salary increase that the …
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
Slower economic growth and proposed federal and state actions present potential risks to the citys budget according to a report released today by New York State Comptroller Thomas P DiNapoli
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
… measure of securities industry profits, increased by 19.6% to $44.9 billion. While fourth quarter results have not … 2021, the increase in profits were driven by low interest rates and a record IPO market, fueling lower interest …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-wall-streets-2021-bonuses-set-new-recordEarly Childhood Learning Center of Greene County – Compliance With the Reimbursable Cost Manual
… covered expenses reported on ECLC’s CFR for the fiscal year ended June 30, 2015. About the Program ECLC is an … must comply with the RCM requirements. For the fiscal year ended June 30, 2015, ECLC reported $547,761 in … programs that it provided. Key Findings For the fiscal year ended June 30, 2015, we identified $12,843 in reported …
https://www.osc.ny.gov/state-agencies/audits/2019/07/29/early-childhood-learning-center-greene-county-compliance-reimbursable-cost-manualTown of Rochester – Financial Condition and Highway Department Payroll (2015M-324)
… established effective internal controls over Town finances and Highway Department payroll for the period January 1, 2010 through July 31, 2015. … to the CBA and that employees receiving overtime pay report to work and document their presence on their …
https://www.osc.ny.gov/local-government/audits/town/2016/06/24/town-rochester-financial-condition-and-highway-department-payroll-2015m-324