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Financial Condition of New York State Regional Off-Track Betting Corporations (2014-MS-6)
… [read complete report - pdf] We also released five letter reports to the … plans to benefit the Corporations’ financial condition for the period January 1, 2009 through August 31, 2014. … locations, over the telephone and via the Internet. For the five-year period from 2009 through 2013, the five OTB …
https://www.osc.ny.gov/local-government/audits/off-track-betting/2015/09/25/financial-condition-new-york-state-regional-track-betting-corporations-2014Holley Central School District – Financial Condition (2013M-342
… of moneys in the debt reserve fund and either use it to pay related debt, if required to do so by statute, or return …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/07/holley-central-school-district-financial-condition-2013m-342Pawling Central School District – Selected Financial Activities (2012M-185)
… that clearly defines the scope of the project, sources of funding, maximum cost projections, project budget, timeline …
https://www.osc.ny.gov/local-government/audits/school-district/2013/02/08/pawling-central-school-district-selected-financial-activities-2012m-185New Suffolk Common School District – Selected Financial Operations (2013M-197)
… period July 1, 2011 through March 31, 2013. Background The New Suffolk Common School District is located in the Town of … Key Findings The District retained excessive fund balance, exceeding the permitted statutory limit, in each of …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/13/new-suffolk-common-school-district-selected-financial-operations-2013mDiNapoli Rejects DOT Contract due to Unanswered Questions About Contractor
… Corp. for $4.7 million for painting bridges in Nassau and Suffolk counties citing its ties to two companies … that have been in serious trouble and are forbidden to do business with the state,” DiNapoli said. “The Department of … concern is Limnes’ connection to Matsos Contracting Corporation, which Limnes disclosed to DOT. Matsos was …
https://www.osc.ny.gov/press/releases/2014/03/dinapoli-rejects-dot-contract-due-unanswered-questions-about-contractorDiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… 31, 2024. The Fund closed the year with an estimated value of $267.7 billion. “Strong performances across asset classes … fund’s investment returns higher over the past year, with many companies reporting better than expected earnings and … March 31, 2024, the Fund had 42.85% of its assets invested in publicly traded equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24Herkimer County – Court and Trust Funds (2023-C&T-2)
… established appropriate controls to safeguard and account for court and trust funds for the period January 1, 2021 through September 22, 2023. Background Pursuant to a court order, certain assets may be provided to the court … 1 These actions are recorded in the County Clerk’s office when payments are deposited as required by court order. …
https://www.osc.ny.gov/local-government/audits/county/2023/12/15/herkimer-county-court-and-trust-funds-2023-ct-2Member E-News Archive — 2023
… Sign up to make sure you receive the latest Retirement System news. … Online for a Pension or Mortgage Verification Letter How School Employees Earn NYSLRS Service Credit Retirees Can … Is So Important Compounding: A Great Way for Your Money to Grow Keep Your Beneficiaries Current January 2023 …
https://www.osc.ny.gov/retirement/publications/member-e-news-archive-2023State Agencies Bulletin No. 2236
… This Bulletin is Superseded by Payroll Bulletin 2236.1 Purpose: The purpose of this bulletin is to notify agencies of changes in maintenance rates for … deduction should be immediately end dated when an employee is no longer receiving employer provided maintenance. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2236-change-maintenance-rates-employee-housing-and-mealsComptroller DiNapoli & A.G. Schneiderman Announce Felony Charges Against Mount Vernon Mayor Richard Thomas
… for allegedly stealing campaign funds and lying about money he received from his inaugural committee for personal … his inaugural committee for personal use and his failure to disclose it. "This official allegedly misused campaign … by Executive Attorney General Margaret Garnett. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2018/03/comptroller-dinapoli-ag-schneiderman-announce-felony-charges-against-mount-vernon-mayor-richardState Agencies Bulletin No. 1852
… Employees Employees with employer-provided vehicles and/or chauffeurs are affected. Background Personal Use of … gross wages. This income is reportable on the employee’s Form W-2 and is subject to income and employment taxes. … of commuting to and from an employee’s home and his or her official work station and other trips unrelated to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1852-procedures-reporting-taxable-value-personal-use-employer-providedClaims Auditing – Improving the Effectiveness of Your Claims Auditing Process
… his/her approval of the claim, even when not required by law. If vendor certification or verification of claims is … purchases, it may be necessary to ensure that the payment is not for an expired contract and that the entire … invoice should agree with the total being claimed for payment. We generally recommend that you do not pay aggregate …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/claims-auditingOpinion 2007-6
… This opinion represents the views of the Office of the State Comptroller at the time it was … certain supervisory and administrative functions when the chief is unavailable, serving in effect as “acting … under General Municipal Law § 207-m was triggered only when the “base salary” of the next subordinate officer in a …
https://www.osc.ny.gov/legal-opinions/opinion-2007-6Opinion 89-64
… -- Purchases (consideration paid); (obtaining appraisals) NEW YORK CONSTITUTION, ARTICLE VIII, §1; GENERAL MUNICIPAL … , 6 AD2d 944, 176 NYS2d 18; see also Sinram-Marins v New York City , 74 NY2d 13, 544 NYS2d 119). With respect to … its fiduciary duty, the board must critically evaluate all appraisals obtained. In the instant situation, the …
https://www.osc.ny.gov/legal-opinions/opinion-89-64Straight Talk About Financial Planning For Your Retirement
… can be confident that when you are ready to retire, your pension will be there for you. Your retirement benefit is … — Take a peek into the future — the retirement benefit calculator & benefit projections The retirement benefit … receiving Social Security benefits and do not yet have an online account. You can view your statement online anytime or …
https://www.osc.ny.gov/retirement/publications/straight-talk-about-financial-planning-your-retirementPreventing Inappropriate and Excessive Costs in the New York State Health Insurance Program
… active and retired State, local government and school district employees, and their dependents. In 2017, NYSHIP …
https://www.osc.ny.gov/state-agencies/audits/2018/05/09/preventing-inappropriate-and-excessive-costs-new-york-state-health-insurance-programComptroller DiNapoli and AG Schneiderman Announce Fourth and Final Guilty Plea in Monroe Co. Bid-Rigging Case
Comptroller Thomas P DiNapoli and Attorney General Eric T Schneiderman today announced the guilty plea of Daniel Lynch a Rochesterarea businessman for working with others to rig the bidding process for multimillion dollar public works contracts in Monroe County
https://www.osc.ny.gov/press/releases/2016/02/comptroller-dinapoli-and-ag-schneiderman-announce-fourth-and-final-guilty-plea-monroe-co-bid-riggingWhat is a Defined Benefit Plan?
… Defined benefit plans provide several advantages over the 401(k)-style plans offered by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …
https://www.osc.ny.gov/retirement/members/defined-benefit-planOpinion 92-7
… that bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Exempt Volunteer Firemen's Benevolent … Exempt Firemen's Benevolent Association may expend foreign fire insurance tax moneys to pay debts incurred in the …
https://www.osc.ny.gov/legal-opinions/opinion-92-7State Agencies Bulletin No. 1836
… time and attendance through the Leave and Accrual Tracking System (LATS-NY). Effective Date(s) Tracking overtime related …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1836-reporting-overtime-related-covid-19