Search
Value of Industrial Development Agencies' Projects Increase Nearly 50 Percent Over Past Decade
… reported 4,320 active projects valued at $109 billion for 2019, a 3.3 percent, or $3.5 billion, increase in project … of each active project reported in 2019, with a median salary of $40,000. They estimated 271,930 previously existing jobs would be retained with a median salary of $43,000. A total of 49,636 temporary construction …
https://www.osc.ny.gov/press/releases/2021/06/value-industrial-development-agencies-projects-increase-nearly-50-percent-over-past-decadeXVI.3.D Basis of Accounting/Measurement Focus – XVI. Financial Reporting
… Statement 1 GASB Statement No. 63 – Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of … Process and Document Preparation: BASIS OF ACCOUNTING The basis of accounting determines the timing for reporting … FOCUS Unlike the selection of an accounting basis, which is concerned with the timing of transactions and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3d-basis-accountingmeasurement-focusCity of Troy – Budget Review (B5-13-20)
… and expenditure projections in the City’s proposed budget for the 2014 fiscal year are reasonable. Background The City … liquidate cumulative deficits in the City’s general fund for the years ending December 31, 1993, 1994, and 1995. Local … a trend of weakening financial position and the proposed increases in revenues for the sewer fund’s 2014 budget do not …
https://www.osc.ny.gov/local-government/audits/city/2013/11/18/city-troy-budget-review-b5-13-20Making Adjustments to Earnings and Days Worked – Legacy Reporting
… If you need to correct a member’s salary (earnings) or days worked, you should submit an … reports. You will be charged or credited accordingly for the employer portion of all salary adjustments in a future annual billing. Also, you …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/making-adjustmentsPlanning
… your financial future now. The more time you have to do this, the easier it will be for you to reach your goals. … should have the best understanding of where you are and what you would like your life to be in the future. However, … credentials: What is their educational background? Are they certified? What is their experience? Do they have your …
https://www.osc.ny.gov/retirement/members/planningVillage of Forestville – Water Fund (2012M-207)
… has a population of 697 residents. The Village is governed by an elected Board of Trustees which consists of a Mayor and …
https://www.osc.ny.gov/local-government/audits/village/2013/02/15/village-forestville-water-fund-2012m-207Yorkshire-Pioneer Central School District – Financial Management (2020M-42)
… Adopt budgets that include reasonable estimates for appropriations and the amount of fund balance that will …
https://www.osc.ny.gov/local-government/audits/school-district/2020/06/26/yorkshire-pioneer-central-school-district-financial-management-2020m-42DiNapoli Releases Municipal Audits
… Over Financial Operations (2013M-340) County officials have not ensured that the department account clerks’ … money retained in a victims’ trust fund, officials have not disbursed these funds in a timely manner. Town of … – Water Accountability (Wyoming County) Town officials do not have written procedures for reconciling the water …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-releases-municipal-auditsMonticello Central School District - Fund Balance Management (2020M-2)
… Adopt budgets that include reasonable estimates for appropriations and the amount of fund balance that will …
https://www.osc.ny.gov/local-government/audits/school-district/2020/04/10/monticello-central-school-district-fund-balance-management-2020m-2Margaretville Central School District – Financial Management (2020M-46)
… Adopt budgets that include reasonable estimates for appropriations and the amount of fund balance that will …
https://www.osc.ny.gov/local-government/audits/school-district/2020/06/26/margaretville-central-school-district-financial-management-2020m-46Mental Health Education, Supports, and Services in Schools (Follow-Up)
… Education, Supports, and Services in Schools (Report 2020-N-7 ). About the Program The New York City Department of … (MHANYS), a non-profit organization, led a call to action for a State law that would require mental health instruction … and human dignity. While instruction is the cornerstone for promoting students’ mental health, a holistic, …
https://www.osc.ny.gov/state-agencies/audits/2024/05/08/mental-health-education-supports-and-services-schools-followCompliance With the Sewage Pollution Right to Know Act and Monitoring and Enforcement of State Pollutant Discharge Elimination System Permit Requirements (Follow-Up)
… freshwater lakes, ponds, and reservoirs that are used for drinking, bathing, and recreation. As the State’s … of Environmental Conservation (Department) is responsible for improving and protecting this vast network of water … covering the period April 1, 2017 through February 27, 2020, was issued on October 19, 2020. The audit objectives …
https://www.osc.ny.gov/state-agencies/audits/2022/05/26/compliance-sewage-pollution-right-know-act-and-monitoring-and-enforcement-state-pollutantTri-Valley Central School District - Financial Management (2020M-17)
… Adopt budgets that include reasonable estimates for appropriations and the amount of fund balance that will …
https://www.osc.ny.gov/local-government/audits/school-district/2020/03/06/tri-valley-central-school-district-financial-management-2020m-17DiNapoli: State Tax Collections Dip
… totaling $19.8 billion fell short of projections for New York state in the first quarter of the state’s fiscal … of $38.4 billion were $831.1 million below projections for the period, primarily because personal income tax … that was paid later during SFY 2015-16. Other significant increases include spending for public health programs (up …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-state-tax-collections-dipSelected Aspects of Discretionary Spending
… pursuant to a General Development Plan (GDP), for the development and operation of the 147 acres comprising … and formal approvals that are necessary to be accountable for such costs. Key Findings We reviewed 156 payments … documentation. The absence of such internal controls increases the risk that not all discretionary spending is …
https://www.osc.ny.gov/state-agencies/audits/2014/09/30/selected-aspects-discretionary-spending-3Northport-East Northport Union Free School District – Financial Condition (2014M-164)
… audit was to evaluate the District’s financial activities for the period July 1, 2012 through September 30, 2013. … and has approximately 6,200 students and 1,680 employees. For the 2013-14 fiscal year, the District’s operating budget … not revised during this period to provide for the year-end increases made to the retirement contribution reserve fund. …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/northport-east-northport-union-free-school-district-financial-conditionCUNY Bulletin No. CU-168
… change in methodology used to calculate withholding taxes for adjunct employees. Background The methodology for calculating withholding taxes for all State employees, … way as tax withholdings for employees receiving biweekly salary payments. Returning Adjunct employees will notice an …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-168-changes-withholding-tax-calculations-employees-adjunctIX.7.F M-Year Legislation – IX. Federal Grants
… awarding agency and the award is considered expired. In some instances, the life of a federal award may be more or …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix7f-m-year-legislationTaxes – 2023 Financial Condition Report
… Obscuring Collections Trends The PTET provides a way for certain taxpayers to avoid the $10,000 limit on federal itemized deductions for state and local taxes (SALT) by imposing a tax on the … rely more heavily on sales and user taxes. Tax Burden Increases The combined federal, State, and local tax burden …
https://www.osc.ny.gov/reports/finance/2023-fcr/taxesDiNapoli: Local Sales Tax Collections Down 7.8 Percent in August
… August’s sales tax collections totaled $1.3 billion for counties and cities, or $111 million less than in August … every county in the state saw drops in overall collections for August, ranging from 1.3 percent in Tioga to 35.5 percent … decrease seen in July. The two counties with collection increases were Hamilton (1.1 percent) and Westchester (18.6 …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-local-sales-tax-collections-down-78-percent-august