Search
SUNY Bulletin No. SU-156
… Purpose To notify agencies of the modified eligibility and narrative … Annuity.” Affected Employees All employees who currently have Deduction Code 415 and employees in Bargaining Unit 13 … statement. Agency Actions Notify employees who currently have Deduction Code 415 of the narrative description change. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-156-change-narrative-description-and-eligibility-deductionAdditional Benefits after 20 Years (Sections 384-e and 384-e [b]) – Special 20- and 25-Year Plans
… provides an additional benefit of 1.66 percent of your FAE for each year of creditable service beyond 20 years. If … provides an additional benefit of 1.66 percent of your FAE for each year of service earned with a public employer … members, your total maximum benefit is 70 percent of your FAE (a maximum of 32 years). …
https://www.osc.ny.gov/retirement/publications/1517/additional-benefits-after-20-years-sections-384-e-and-384-e-bVillage of Unadilla – Budgeting (2013M-143)
… Purpose of Audit The purpose of our audit was to review the Village’s budgeting practices for the period of June 1, 2011, to March 13, 2013. Background The Village of Unadilla is … revenues, and the appropriation of fund balance to finance operations; but for three of the last six years, …
https://www.osc.ny.gov/local-government/audits/village/2013/08/30/village-unadilla-budgeting-2013m-143Village of Spencerport – Financial Management (2013M-134)
… Purpose of Audit The purpose of our audit was to review the Village’s financial management practices for … Village officials have not adopted policies or procedures to govern budgeting practices or the level of unexpended surplus funds to maintain. Although the Board has been provided with …
https://www.osc.ny.gov/local-government/audits/village/2013/09/13/village-spencerport-financial-management-2013m-134Town of Almond – Internal Controls Over Selected Financial Activities (2013M-209)
… procedures to address the level of unexpended surplus fund balance to be maintained. The Board’s overly … Town continuing to maintain excessive unexpended surplus fund balances in all four major operating funds. Specifically, at fiscal year-end 2012, the general fund-town-wide’s unexpended surplus fund balance was 69 …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-almond-internal-controls-over-selected-financial-activities-2013m-209Canisteo-Greenwood Central School District – Financial Management (2016M-362)
… average of $1.1 million or 5 percent. District officials have not effectively managed fund balance and have allowed unrestricted fund balance to exceed the … years by an average of $2.7 million. District officials have allowed reserve balances to accumulate to excessive …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/30/canisteo-greenwood-central-school-district-financial-management-2016m-362Frankfort-Schuyler Central School District – Financial Management (2016M-226)
… Findings District officials did not adopt budgets based on historical or known trends but instead overestimated … and the use of fund balance in the annual budget based on historical and known trends. Ensure that the amount of the …
https://www.osc.ny.gov/local-government/audits/school-district/2016/09/30/frankfort-schuyler-central-school-district-financial-management-2016m-226State Contract and Payment Actions in July and August
… Inc. for parking lot and site improvements at the Woodlawn Beach State Park in Erie County. State University …
https://www.osc.ny.gov/press/releases/2024/09/state-contract-and-payment-actions-july-and-augustXIV.4.A Agency Bank Accounts Overview – XIV. Special Procedures
… state's cash. It is also the intent of OSC to limit the number of state bank accounts and the services provided to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv4a-agency-bank-accounts-overviewTown of Marbletown – Financial and Capital Planning (2017M-234)
… Town of Marbletown is located in Ulster County and has a population of approximately 5,600. The Town, which is …
https://www.osc.ny.gov/local-government/audits/town/2017/12/29/town-marbletown-financial-and-capital-planning-2017m-234Town of Red Hook - Financial Condition (2018M-171)
… managed the Town’s financial condition. Key Findings From January 1, 2013 through December 31, 2017, the general fund’s year-end fund balance increased from $292,780 to $917,351, or 213 percent. In June 2018, the …
https://www.osc.ny.gov/local-government/audits/town/2018/11/02/town-red-hook-financial-condition-2018m-171Village of Victor – Financial Management (2015M-166)
… Purpose of Audit The purpose of our audit was to evaluate the Village’s … fund balance policy establishing the level of fund balance to maintain, resulting in excessive unrestricted general fund …
https://www.osc.ny.gov/local-government/audits/village/2015/11/06/village-victor-financial-management-2015m-166Town of Kortright – Financial Management (2016M-397)
… 25, 2016. Background The Town of Kortright is located in Delaware County and has a population of approximately … The Town has accumulated fund balance totaling $358,706 in the general fund and $515,112 in the highway fund without clear plans for the use of these …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-kortright-financial-management-2016m-397Brasher Falls Central School District – Financial Condition (2019M-158)
… in the general fund exceeded the 4 percent statutory limit for the past three fiscal years. As of June 30, 2018, the …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/25/brasher-falls-central-school-district-financial-condition-2019m-158Town of Corning – Financial Condition (2020M-13)
… 2019), overestimated appropriations and failed to use most of the appropriated fund balance for operations. Did not … fund having unassigned fund balance totaling $768,926 as of December 31, 2019, or 79 percent of actual expenditures. Did not develop multiyear financial …
https://www.osc.ny.gov/local-government/audits/town/2020/08/14/town-corning-financial-condition-2020m-13Alexander Central School District – Financial Condition (2015M-227)
… by an elected five-member Board of Education. General fund appropriations for the 2015-16 fiscal year total $17 … and appropriated an average of approximately $670,000 in fund balance annually, which was not needed to fund operations due to operating surpluses. District …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/19/alexander-central-school-district-financial-condition-2015m-227Babylon Union Free School District – Financial Condition (2015M-323)
… our audit was to review the District’s financial condition for the period July 1, 2014 through August 31, 2015. … seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $48.8 … limits. The District did not have proper documentation for the establishment and use of three of its four reserve …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/04/babylon-union-free-school-district-financial-condition-2015m-323Lewiston-Porter Central School District – Financial Condition (2014M-202)
… 2012-13 fiscal year. Key Recommendations Reduce reliance on fund balance as a financing source in the annual budget. …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/lewiston-porter-central-school-district-financial-condition-2014m-202Montgomery County – Financial Condition (2013M-234)
… The 2013 budgeted appropriations in the general fund were approximately $80 million. Key Finding The Board … budgets and instead consistently relied on appropriating fund balance, a non-recurring revenue, to finance recurring … As a result, the financial condition of the general fund has diminished in recent years. As of December 31, 2012 …
https://www.osc.ny.gov/local-government/audits/county/2013/10/04/montgomery-county-financial-condition-2013m-234County of Oswego Industrial Development Agency – Revolving Loan Programs (2014M-356)
… of Audit The purpose of our audit was to evaluate the Agency’s revolving loan fund programs for the period August 1, 2012 through May 31, 2014. … totaling approximately $11.7 million. Key Findings It is OSC’s view that the Agency’s revolving loans, financed …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2015/04/28/county-oswego-industrial-development-agency-revolving-loan