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DiNapoli Releases Report on SFY 2024-25 Financial Plan
… have a structural budget deficit, with a cumulative three-year budget gap of $13.9 billion forecasted by the Division … State Comptroller Thomas P. DiNapoli on the State Fiscal Year (SFY) 2024-25 Enacted Budget Financial Plan. DiNapoli … rainy day reserve funds to nearly $7.8 billion, less than 6% of State Operating Funds spending in the current year. The …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-releases-report-sfy-2024-25-financial-planLife Changes: What If I Work After Retirement?
… includes all earnings for the calendar year, including money or retroactive payments earned in the calendar year but … your benefits and stay informed. Register for Retirement Online , a convenient and secure way to review your benefits and conduct transactions in real time. In many cases, you’ll be able to use Retirement …
https://www.osc.ny.gov/retirement/publications/life-changes-what-if-i-work-after-retirementEmployer Contribution Calculation
… rates determined on known salaries from the prior fiscal year rather than on an estimate of salaries from the incomplete current fiscal year. Memo Bill Text Status … Provides for the calculation of …
https://www.osc.ny.gov/legislation/employer-contribution-calculationCity of Amsterdam – Records and Reports (2013M-266)
… purpose of our audit was to review the City’s accounting records and financial condition for the period June 1, 2011 … failed to maintain accurate and complete accounting records. We identified significant inaccuracies in balance … 17, 2013, the City had not yet closed its accounting records, initiated the independent audit, or filed the annual …
https://www.osc.ny.gov/local-government/audits/city/2014/01/03/city-amsterdam-records-and-reports-2013m-266Real Property Tax Cap: Overview of the Role of the Office of the State Comptroller
… budgets are passed. The State Comptroller determines the form and manner of this report. Prescribes Requirements for …
https://www.osc.ny.gov/local-government/property-tax-cap/real-property-tax-cap-overview-role-office-state-comptrollerSauquoit Fire District No. 1 – Controls Over Financial Activities (2014M-178)
… Purpose of Audit The purpose of our audit was to determine if District controls were adequate to ensure … the State, distinct and separate from the Town of Paris, in Oneida County. The District is governed by a five-member … for the 2014 fiscal year. Key Findings The Board did not ensure that complete and accurate accounting records were …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/09/05/sauquoit-fire-district-no-1-controls-over-financial-activities-2014m-178White Lake Fire District – Budgeting Practices (2013M-156)
… same period, the District budgeted to fund its reserves with approximately $115,000 of fund balance in anticipation … Board did not consider historic trends and develop budgets with these trends in mind. Throughout the fiscal year, the … − when developing budget estimates that are consistent with the District’s actual revenues and expenditures. Monitor …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/08/30/white-lake-fire-district-budgeting-practices-2013m-156County of Rockland – Budget Review (B6-14-24)
… the expiration of the County mortgage recording tax law. At the end of the 2014 fiscal year, the County’s outstanding …
https://www.osc.ny.gov/local-government/audits/county/2014/11/12/county-rockland-budget-review-b6-14-24Wellsville Central School District – Financial Management (2017M-159)
… fund budgeted appropriations for the 2016-17 fiscal year totaled approximately $29 million. Key Findings Although the Board appropriated fund balance each year to help finance the budget, none of it was needed … and District officials overestimated appropriations each year. The District’s unrestricted fund balance has exceeded …
https://www.osc.ny.gov/local-government/audits/school-district/2017/12/29/wellsville-central-school-district-financial-management-2017m-159Putnam Valley Central School District – Financial Condition (2016M-135)
… The Putnam Valley Central School District is located in the Town of Putnam Valley in Putnam and Westchester Counties. The District, which … each year to pay these expenditures. This resulted in surplus fund balance, which exceeded the statutory limit. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/putnam-valley-central-school-district-financial-condition-2016m-135State Agencies Bulletin No. 468
… for processing approved tax refund requests for current year Social Security (TF5) or current year Medicare (TF6) refunds. NOTE: THESE NEW EARNINGS CODES … USE ONLY. Affected Employees Employees who receive current year Social Security and Medicare tax refunds. Effective …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/468-new-earnings-codes-current-year-social-security-and-medicare-adjustmentsMount Pleasant Cottage School Union Free School District – Financial Condition (2013M-360)
… our audit was to review the District’s financial condition for the period July 1, 2012 through September 10, 2013. … nine members. The District’s budgeted appropriations for the 2013 fiscal year were approximately $16.7 million. … The District reported unexpended general fund deficits for five consecutive years. The deficit was as high as $5.3 …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/07/mount-pleasant-cottage-school-union-free-school-district-financialVillage of Livonia – Board Oversight and Information Technology (2014M-221)
… General fund appropriations for the 2013-14 fiscal year were $835,790. Key Findings The previous Clerk-Treasurer … not consider the results of operations for the previous year when budgeting for the following year. The Mayor did not ensure that the proper rates of pay …
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)
… Purpose of Audit The purpose of our audit was to examine the District’s financial records and reports for … 2014. Background The Skaneateles Central School District is located in the Towns of Sennett, Niles and Owasco in … operates four schools with approximately 1,420 students, is governed by an elected seven-member Board of Education. …
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 in … State Comptroller for review while the deficit obligations are outstanding. Key Findings Based on the results of our … revenue and expenditure projections in the proposed budget are reasonable. The Town is currently reporting accounts …
https://www.osc.ny.gov/local-government/audits/town/2013/11/05/town-sidney-budget-review-b4-13-19XII.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)
… proposed budgets for the next fiscal year to the State Comptroller for review while the deficit obligations are … appropriations of $1.9 million in termination salary payments, yet expenditures have averaged $2.2 million over … three years. City officials only partially implemented the Comptroller’s recommendations in our May 2018 review of the …
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
… Thomas P. DiNapoli issued fiscal stress scores today for the 17 cities in New York that have fiscal years ending … 31 and July 31. This includes the “Big Four” cities of Buffalo, Rochester, Syracuse and Yonkers. “Fiscal stress … fiscal stress scores, visit: http://wwe1.osc.state.ny.us/localgov/fiscalmonitoring/fsms.cfm For an overview of …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-releases-fiscal-stress-scores-17-citiesCollection of Electronic Waste Fees
… Division of Materials Management (Division) is responsible for administering the Act, which was signed into law on May … covered electronic equipment to set up and fund programs for the collection and recycling of e-waste in the State. The … data is used to calculate a recycling acceptance standard for each manufacturer. If actual recycling falls below this …
https://www.osc.ny.gov/state-agencies/audits/2015/09/02/collection-electronic-waste-fees