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DiNapoli: Wall Street Bonus Pool Reaches Record High of $47.5 Billion in 2024
… in 2024,” DiNapoli said. “This financial market strength is good news for New York’s economy and our fiscal position, … industry in 2025.” The total estimated 2024 bonus pool is 34% higher than last year’s $35.4 billion and is the largest amount on record dating back to 1987. Robust …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-wall-street-bonus-pool-reaches-record-high-475-billion-2024State Agencies Bulletin No. 2439
… Purpose: The purpose of this bulletin is to inform agencies of the creation of two new Reason Codes (AUT and MND) and to provide processing instructions for entering these new … service at an Authority (excluding Roswell Park) prior to an appointment to a New York State position or employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2439-new-reason-codes-aut-authority-service-and-mnd-mend-over-year-breakEDSS - Procurement Record Help
… these terms, please see the Glossary of Terms . What is the difference between the Contract Term and Period? The … of the full life or the shell of the contract; the period is the effective start and end dates for the budget and work … the Procurement Record Amendment. If my Procurement Record is non-approved and I want to resubmit it, how should I enter …
https://www.osc.ny.gov/state-agencies/contracts/edss-procurement-record-helpOpinion 92-41
… According to your inquiry, the fire district in question is located on a narrow island in a town. You state that in … do so. In determining whether implied authority exists, it is well established that: [a] power not expressly granted by statute is implied only where it is 'so essential to the exercise of …
https://www.osc.ny.gov/legal-opinions/opinion-92-41Opinion 97-26
… or special benefit to the properties within the zone ( cf . Opn. No 76-524, supra ). As to the use, outside a zone, … district that may take and hold property in its own name ( cf . Town Law, §64[2]). Therefore, specialized firefighting … raised within a zone upon dissolution of the zone ( cf . Town Law, §§185[1], 198[12], 202-c[1]). Accordingly, it …
https://www.osc.ny.gov/legal-opinions/opinion-97-26Opinion 93-25
… the opinion that the word "street" as used in this context is intended to relate to public streets (1975 Opns St Comp … St Comp, 1956, p 59; 7 Opns St Comp, 1951, p 285). There is no similar statutory authority for a village to light … dsmd 69 NY2d 822, 513 NYS2d 1027). Therefore, the village is not authorized to continue to provide, at village expense, …
https://www.osc.ny.gov/legal-opinions/opinion-93-25Opinion 94-24
… to purchase land for a town hall with current year tax revenues and to construct the town hall using such … the construction, all to be paid for with the current year tax revenues, then only that single resolution would be … would be required for the expenditure of any current year tax revenues on the construction. You ask whether the …
https://www.osc.ny.gov/legal-opinions/opinion-94-24IX.7.C Fringe Benefits and Indirect Costs – IX. Federal Grants
… Budget will enter the new fringe benefit and indirect cost standard rates into the State Financial System. In some … rate for distinctive programs instead of using the standard rate determined by the Division of Budget. For … For programs or funds that require a rate other than the standard rate, or require a waiver, agencies should enter a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix7c-fringe-benefits-and-indirect-costsV.3.J Activity (Projects) – V. Chart of Accounts (COA) Governance
… Naming Standards under the Activity topic. See XIX.2.C and XIX.2.C.1 for more detailed information on selecting To … Change Request Form which can be found on SFS Secure and submit it to [email protected] . Guide to Financial Operations REV. 12/23/2024 …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3j-activity-projectsV.3.H Category Code – V. Chart of Accounts (COA) Governance
… The Category Code ChartField is used to identify an item/service being procured. The SFS is configured to use UNSPSC (United Nations Standard Products and Services … in the Purchasing module. All Category Codes are mapped to the appropriate Account Code. The Account Code will …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3h-commodity-codeIII.7 Data Quality – III. Statewide Financial System (SFS)
… be denied. Purchase Order Guidance: Any Purchase Order transaction with a budget status error for 30 days or more … Order transaction with a remaining balance less than $500 and less than five percent of the total value remaining not … Requisitions Guidance: General Purchase (non-Contract and non-funded contract) Requisitions in Open, Pending and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii7-data-qualityXIX.2 Overview – XIX. Project Costing (PCIP)
… The Projects module is used to collect financial transactions associated with projects. … the amount of expenditures that can be charged and posted to project budgets. The use of a project allows for … along with the guidance in the sections below are used to establish a new Project. Please see SFS Coach, Training …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix2-overviewOptional Membership – Membership and Enrollment
… to join NYSLRS. However, you must inform employees of their right to membership at the time of their initial employment. Beginning July 27, 1976, ERS … positions (under Civil Service Law); Employment of less than 30 hours per week, or less than the standard … Participating employer must notify every employee of the opportunity to join NYSLRS …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/optional-membershipState Agencies Bulletin No. 1453.1
… To notify agencies of the new voluntary deduction codes for pet insurance. Affected Employees Members of NYSCOPBA in … codes 559 and 560. The vendor will submit all transactions for enrollments, cancellations, and/or changes in a bi-weekly file. Agency update access is not available for these deductions. Agency Actions Notify affected …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/14531-new-deduction-codes-559-nyscopba-pet-insurance-and-560-nyscopba-vpiNotice of Assessment on State Lands
… Program Legislative Session 2015-2016: Signed into law on November 28, 2016 as Chapter 449 of the Laws of 2016 - … with operational procedures relating to assessments on state lands. Memo Bill Text Status … with operational procedures relating to assessments on state lands …
https://www.osc.ny.gov/legislation/notice-assessment-state-landsAccounts Payable Advisory No. 34
… interest payments provides for accurate reporting. Below is a list of interest account codes available for use. … XII, Section 5.K - Federally Reportable Payments There is no longer a Withholding Class code 03 for interest … to Awards and Non-Judicial Settlement Agreements There is no longer a Withholding Class code 03 for interest …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/34-payment-and-reporting-interestEmpire BlueCross – Improper Payments for Intraocular Lens Claims Billed by Hospitals
… To determine whether Empire BlueCross properly paid hospital claims for intraocular procedures. The audit covered … million members. Empire BlueCross (Empire) administers the hospital portion of the Empire Plan. Empire processes claims for hospital services according to contracts it negotiates with …
https://www.osc.ny.gov/state-agencies/audits/2019/12/20/empire-bluecross-improper-payments-intraocular-lens-claims-billed-hospitals2018 Annual Audit
… in 2018 - the Uninsured Employers Fund, the Special Fund for Disability Benefits, the Second Injury Fund, and the Fund for Reopened Cases. From January through March 2018, the Board processed claims for all special funds using the Board’s FMIS. Claims were …
https://www.osc.ny.gov/state-agencies/audits/2020/02/21/2018-annual-auditNYSLRS Ordinary Death Benefit
… benefits or a death benefit in certain circumstances. Memo Bill Text Status …
https://www.osc.ny.gov/legislation/nyslrs-ordinary-death-benefitTravel Advisory No. 1
… Subject: Employees’ responsibilities when using a proxy to create an expense report in SFS Guidance: This is a reminder that all employees who use a proxy to enter expense information into the SFS must either: … *Business Units may use a form other than the AC 132-S to record and certify employee expenses only when the form …
https://www.osc.ny.gov/state-agencies/advisories/travel-advisory/1-requirements-proxy-expense-reports