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Developing an Effective Fund Balance Policy
Please print out the slideshow presentation prior to the webinar to following along for valuable information on how to develop an effective fund balnce policy.
https://www.osc.ny.gov/files/local-government/academy/pdf/fund-balance-012319.pdfOpinion 96-1
… FIRE DISTRICTS -- Powers and Duties (purchase of real property - need for State Comptroller approval in Adirondack … Comptroller approval in Adirondack fire district) REAL PROPERTY -- Purchase (need for State Comptroller approval in … If the moneys necessary to fund the purchase of real property by a fire district are to be provided from a capital …
https://www.osc.ny.gov/legal-opinions/opinion-96-1DiNapoli: Fiscal Stress Remains Low Among Villages
… DiNapoli's Fiscal Stress Monitoring System has identified 10 villages and two cities in New York in some level of … fiscal year, which includes all counties, towns, 10 villages, and the majority of cities. DiNapoli's office … P DiNapolis Fiscal Stress Monitoring System has identified 10 villages and two cities in New York in some level of …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-fiscal-stress-remains-low-among-villagesFund Financial Data – 2023 Financial Condition Report
… Fund financial statements provide a short-term view of … funding and spending for particular purposes. The General Fund is used to report sources of funds and expenditures that … are not required to be accounted for in another separate fund. In New York State, significant sources of funds that …
https://www.osc.ny.gov/reports/finance/2023-fcr/fund-financial-dataDivision of Housing and Community Renewal Bulletin No. DH-123
… paycheck stub or direct deposit advice. D40 Over 40 Cash Out DH4 Over 40 Hourly Cash Out Questions Questions regarding this …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-123-2022-rrsu-over-40-comp-time-ii-cash-outDivision of Housing and Community Renewal Bulletin No. DH-128
… the Division of Housing and Community Renewal instructions for processing the 2023 RRSU Over40 Comp Time II Cash Out. … (NPAY502) using Earnings Code Earnings Code D40 or DH4 (for Hourly employees): Earnings Begin Date: Last Day of Pay … the Division of Housing and Community Renewal instructions for processing the 2023 RRSU Over40 Comp Time II Cash Out …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-128-2023-rrsu-over-40-comp-time-ii-cash-outDiNapoli Releases State Cash Report
Tax revenues of $39 billion in May were stronger than projected with collections for the fiscal year now $1423 million higher than projections from the Enacted Budget according to the monthly state cash report issued today by New York State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportXII.10.A Lapsing and Year-End Procedures for Payment Processing – XII. Expenditures
… SECTION OVERVIEW AND POLICIES The purpose of this section is to provide guidance to Business Units on year … Retention - Accounts Payable Vouchers and Land Claims of this Chapter for more information regarding record retention … receipt of goods and/or services by the lapse date. If this occurs, the agency could lose the funds if the voucher …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii10a-lapsing-and-year-end-procedures-payment-processingDiNapoli: NYS Pension Fund Commits $1.3 Billion to Sustainable Investment Program
… economy,” DiNapoli said. “The Fund is a recognized leader in addressing climate-related investment risks and pursuing … by 2040 and position it for changes already happening in the markets.” The Fund committed $1 billion to funds … retirement funds to integrate climate risk considerations in their global equity investment process,” In 2022, the Fund …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-nys-pension-fund-commits-13-billion-sustainable-investment-programTown of North Greenbush – Town Clerk (2017M-132)
… report - pdf ] Audit Objective Determine whether the Town of North Greenbush (Town) Town Clerk (Clerk) recorded, deposited, disbursed, and … Determine whether the Town of North Greenbush Town Town Clerk Clerk recorded deposited …
https://www.osc.ny.gov/local-government/audits/town/2022/04/15/town-north-greenbush-town-clerk-2017m-132Village of Sackets Harbor – Budgeting and Financial Management (2020M-28)
… and sewer funds exceeded actual expenditures by a total of $4.9 million (a 39 percent budget variance). Officials also appropriated $3.6 million of fund balance during this period that was not needed to fund operations. The Board has not adopted a fund balance …
https://www.osc.ny.gov/local-government/audits/village/2020/07/02/village-sackets-harbor-budgeting-and-financial-management-2020m-28Procurement Practices
… whether the State University of New York – University at Buffalo’s procurement and contracting practices provide … and subsequent information provided by the University at Buffalo through April 5, 2019. About the Program The University at Buffalo (Buffalo) is one of the largest institutions within …
https://www.osc.ny.gov/state-agencies/audits/2019/10/03/procurement-practicesNewburgh Enlarged City School District – Financial Management (2025M-32)
… and officials effectively manage fund balance and reserve funds? Audit Period July 1, 2019 – June 30, 2024 … fiscal year 2023-24 surplus fund balance and reserve funds totaled approximately $18.1 million and $66.3 million, … made. However, to help promote transparency, anticipated funds to be placed in reserves should be included in the …
https://www.osc.ny.gov/local-government/audits/school-district/2026/02/06/newburgh-enlarged-city-school-district-financial-management-2025m-32Town of Salina – Information Technology (2013M-256)
… March 31, 2013. Background The Town of Salina is located in Onondaga County and has a population of 33,710. The Town …
https://www.osc.ny.gov/local-government/audits/town/2013/11/22/town-salina-information-technology-2013m-256CUNY Bulletin No. CU-680
… Affected Employees Employees in Bargaining Units CB, T8 and TC who meet the eligibility criteria are affected. … gross and will be reported on the employee’s Form W-2. Questions Questions regarding eligibility for this payment …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-680-july-2020-city-university-new-york-cuny-incrementsDiNapoli: NYC Budget Faces Uncertainty Without More Federal Relief
… if the federal government does not deliver direct aid to state and local governments soon, according to a budget analysis released today by State Comptroller Thomas P. DiNapoli. “The city’s budget this … DiNapoli said. “Senator Schumer and the New York state congressional delegation deserve praise for passing a …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-nyc-budget-faces-uncertainty-without-more-federal-reliefTown of Lisle – Highway Department Long-Term Planning (2022M-183)
… capital and financial plans to address the Town’s Highway Department equipment and vehicle needs. Key Findings Town … audit town lisle highway department longterm planning …
https://www.osc.ny.gov/local-government/audits/town/2023/03/17/town-lisle-highway-department-long-term-planning-2022m-183Town of Pittstown – Records and Reports (2013M-5)
… Purpose of Audit The purpose of our audit was to review the Town’s financial operations … 1, 2011, to September 17, 2012. Background The Town of Pittstown is located in Rensselaer County and has a … Town of Pittstown Records and Reports 2013M5 …
https://www.osc.ny.gov/local-government/audits/town/2013/06/08/town-pittstown-records-and-reports-2013m-5DiNapoli: Major Retailers Agree to Stronger Supplier Oversight
… DiNapoli today announced that Fortune 500 retailers Dollar Tree and Dillard’s have agreed to new reporting standards … robust reporting standards on workplace safety.” Dollar Tree , which operates nearly 5,000 dollar stores in 48 … requirements for its overseas suppliers. Similar to Dollar Tree, Dillard’s agreed with Comptroller DiNapoli’s request …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-major-retailers-agree-stronger-supplier-oversightDiNapoli: Better DEC Oversight of Dams Recommended To Prevent Failures and Safeguard Communities
… and aging. To protect against loss of life and property from flooding and dam failures, DEC manages a program that … found that some dam owners had not submitted to DEC the required emergency plans, engineering assessments or proof … found: 158 of 843 dams (19%) did not have an emergency plan on file with DEC, including 153 of 505 (30%) Hazard …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-better-dec-oversight-dams-recommended-prevent-failures-and-safeguard-communities