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State Comptroller DiNapoli Releases Municipal Audits
… for the accounting records to be maintained for each water district or extension to ensure that costs are equitably and …
https://www.osc.ny.gov/press/releases/2017/10/state-comptroller-dinapoli-releases-municipal-auditsState Comptroller DiNapoli Releases School Audits
… his office completed audits of the Beaver River Central School District , Clymer Central School District , Pittsford Central …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-school-audits-1DiNapoli: State Ends Third Quarter of State Fiscal Year on Solid Financial Footing
… collections totaled $34.7 billion, 18.8% higher than last year, benefitting from an extra withholding day, as well … billion, 23.1% or $2.8 billion higher than the same period last year, and $386.2 million higher than anticipated in the … business taxes were just under $2 billion higher than last year for the same period and $217.7 million higher than …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-state-ends-third-quarter-state-fiscal-year-solid-financial-footingSauquoit Fire District No. 1 – Controls Over Financial Activities (2014M-178)
… not formally adopt the 2014 budget and the proposed 2014 tax levy exceeded the statutory limit. At the end of 2013, … financial records. Calculate the District’s statutory tax limit and formally adopt the budget. Develop a plan to reduce the amount of fund balance and use the excess tax levy to reduce the tax levy for the 2015 fiscal year. … …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/09/05/sauquoit-fire-district-no-1-controls-over-financial-activities-2014m-178Opinion 2006-5
… Since these opinions were rendered, however, there has been a judicial decision, Sacco v Maruca , 175 AD2d 578, …
https://www.osc.ny.gov/legal-opinions/opinion-2006-5Opinion 88-31
… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. FEES -- Refund … are reasons to ameliorate the harsh effects of forfeiture on the surety ( see People v Public Service Mutual Insurance … inequity in exacting the 2% fee from the bail deposited on behalf of a defendant who is absolved of criminal …
https://www.osc.ny.gov/legal-opinions/opinion-88-31IX.8.C Payments to the U.S. Treasury and U.S. Department of Education – IX. Federal Grants
… The procedures that follow pertain to the refund or return of federal funds to the U.S. Treasury or … the federal draw system, and if the intent is for a refund to be issued separate from the normal draw process, … grant revenues. If returns are charged to expenditure account coding, reported expenditures and disbursements on …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8c-payments-us-treasuryMotor Vehicle Theft and Insurance Fraud Prevention Program
… has a substantial impact on motor vehicle insurance rates in New York State. The MVTIF Prevention Demonstration Program … award amounts that were decided based on non-current crime statistics. We also found Program costs that lacked … subsequently through 2023) that were informed by 2014–2016 crime data and based on grant requests from 2017, and that …
https://www.osc.ny.gov/state-agencies/audits/2024/04/11/motor-vehicle-theft-and-insurance-fraud-prevention-programSUNY Bulletin No. SU-261
… OSC has created deduction code 412 (SUNY 403(b) ROTH) in PayServ. Agency update will be available for this … Payroll Retirement Mailbox. Questions regarding enrollment in the SUNY Voluntary Roth 403(b) Plan should be directed to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-261-new-403b-after-tax-deferred-annuity-plan-roth-sunyNew York’s Economy and Finances in the COVID-19 Era
… 28% of Lost Jobs Have Been Regained Through July; in NYC, 17% While New York State has regained more than one in four of the jobs it lost in March and April, the unprecedented scale of losses due to …
https://www.osc.ny.gov/reports/covid-19-september-2-2020Earnings Limits – Enhanced Reporting
… federal law and periodically adjusted for inflation. Refer to the table below. Once a member reaches the Section … and earnings using the appropriate earnings code , but do not take member contributions from earnings above the … should continue to report earnings and days worked, but do not take member contributions from earnings above the …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/earnings-limitsVillage of Hewlett Bay Park – Financial Management (2022M-30)
… balance. As a result, more taxes were levied than needed to fund operations. For example, about $6,000 was needed to balance the budget in 2020-21; however, the property tax … between $5,547 and $42,216. This practice contributed to the continued accumulation of surplus fund balance. Key …
https://www.osc.ny.gov/local-government/audits/village/2022/06/17/village-hewlett-bay-park-financial-management-2022m-30Alexandria Central School District – Financial Condition Management (2020M-109)
… report - pdf ] Audit Objective Determine whether the Board and officials adopted reasonable budgets and adequately managed the District’s financial condition. … District officials did not adopt reasonable budgets and adequately manage financial condition during our audit …
https://www.osc.ny.gov/local-government/audits/school-district/2020/12/30/alexandria-central-school-district-financial-condition-management-2020mState Agencies Bulletin No. 1695
… To inform agencies of OSC’s annual record update process and provide data entry instructions for entering SRA and TDA … The regular annual contribution amount will increase from $18,500 to $19,000 for 2019. An additional deferment is … is necessary, agencies must update the General Deduction page in accordance with the instructions below. Note: …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1695-supplemental-retirement-annuity-sra-and-tax-deferred-annuity-tdaDiNapoli: State Tax Revenues Down $3 Billion Through July
… than $1.3 billion, lower. Sales tax receipts of $4 billion for the first four months were down $1.2 billion from a year … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-state-tax-revenues-down-3-billion-through-julySample Net Change Letter
This is a sample notice of changes to a retiree's net retirement benefit.
https://www.osc.ny.gov/files/retirement/retirees/pdf/net-change-letter-sample.pdfTown of Webb Union Free School District – Financial Management (2022M-53)
… fund balance when needed and ensure encumbrances are for valid commitments. Comply with the statutory surplus fund …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/08/town-webb-union-free-school-district-financial-management-2022m-53Use of State Appropriations
… and Grape Foundation (Foundation) has spent State funding in compliance with relevant statutory and contractual … Background The Foundation is a public authority, located in Canandaigua, which supports New York State’s wine and … and Markets (NYSDAM). Its most recent contract was for $3.7 million and covered the four years ending March …
https://www.osc.ny.gov/state-agencies/audits/2016/06/16/use-state-appropriationsDiNapoli: New York City's Finances on Solid Footing
… is on solid financial footing with new labor agreements in place, a strong economy and increased reserves,” DiNapoli … insurance savings and narrow its projected budget gaps.” In May, the city reached a new labor agreement with the … to the city by $3.4 billion, including $1.3 billion in recurring savings beginning in FY 2018. The financial plan …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-new-york-citys-finances-solid-footingOpinion 2008-1
… in the opinion. CONFLICTS OF INTEREST -- Contracts (gifts to school district) -- Exceptions (contracts with … foundation that raises money and makes gifts to the school district. The school board member, however, … in school board discussions or decisions relating to gifts from, or other matters involving, the not-for-profit …
https://www.osc.ny.gov/legal-opinions/opinion-2008-1