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VIII.1 Overview – VIII. Accounts Payable Journal Vouchers & General Ledger Journal Entries
… should be submitted in either the Accounts Payable (AP) or the General Ledger (GL) modules. Adjustments needed for … Approval tab will indicate that the transaction has been: Auto Approved (Generic GL User) and posted during the next … Routed to OSC BSAO Workflow for additional review, or Auto Denied (denial reason will be noted in the comments) …
https://www.osc.ny.gov/state-agencies/gfo/chapter-viii/viii1-overviewOperational Advisory No. 16
… from the GL/KK User Group meeting held on January 12, 2015. …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/16-budget-journal-mass-deleteReceiving Outbound Files from NYSLRS – Voluntary Credits and Deductions Program Guide
… there are four possible files that you could receive from NYSLRS regarding your transactions …
https://www.osc.ny.gov/retirement/third-party-organizations/vcdp/receiving-outbound-files-nyslrsProgress Report: The MTA Capital Security Program - April 2012
The electronic security program has encountered numerous setbacks, and its cost has nearly doubled, to $516 million, as the scope of the program has expanded.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-1-2013.pdfDiNapoli: State Pension Fund Value $210.2 Billion
… March 31, 2019. The Fund closed the year with an estimated value of $210.2 billion, which is subject to change once returns are fully audited. The Fund’s audited value at the end of state fiscal year 2018 was $207.4 billion. “The Fund’s value continued to grow during its 2019 fiscal year and …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionSection 21 (L) Election Form (RS5379)
For NYSLRS Tier 1 & 2 members (and Tier 3 & 5 PFRS members who are non-contributory) to request to make voluntary contributions to NYSLRS for an annuity.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5379.pdfThe Survivor’s Benefit Program for Retired NYS Employees
… to the survivors of New York State retired employees. Your beneficiary may receive a benefit of $3,000 if you left State … OR Leave State service at age 62 or older. Who is my beneficiary for this benefit? For current Retirement System members, the beneficiary you designate to receive your pension benefit …
https://www.osc.ny.gov/retirement/publications/survivors-benefit-program-retired-nys-employeesState Comptroller DiNapoli Releases Municipal & School Audits
… underestimated certain revenues, and made unbudgeted year-end transfers totaling $94.4 million. This collectively … period were over $118 million. Of the $94.4 million in year-end transfers, $57.6 million went to the district’s reserves. In some circumstances, the year-end transfers totaling $19.1 million were also not …
https://www.osc.ny.gov/press/releases/2025/12/state-comptroller-dinapoli-releases-municipal-school-auditsDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… Comptroller Thomas P. DiNapoli today announced reductions in employer contribution rates to the New York State and … rates will impact payments next State Fiscal Year 2022-23. In addition, DiNapoli lowered the long-term assumed rate of … and best-funded,” DiNapoli said. “While the reduction in employer contribution rates is welcome news for taxpayers, …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemOpinion 90-9
… BOARD -- Powers and Duties (delegation of authority to make budget transfers) VILLAGE LAW, §§5-524(3), 5-532; … may not, by resolution or local law, authorize the auditor to audit and order paid certain claims only. VILLAGE LAW, … A village board of trustees may not delegate its authority to make budget transfers between appropriations. VILLAGE LAW, …
https://www.osc.ny.gov/legal-opinions/opinion-90-9Fiscal Year Earnings and Prior Years’ Adjustments
… Overview You can view your fiscal year earnings and prior years’ adjustments in Retirement Online . Fiscal year earnings are the employee earnings … to Retirement Online. From Account Homepage, click Access Billing Dashboard After choosing location code and retirement …
https://www.osc.ny.gov/retirement/employers/fiscal-year-earnings-and-prior-years-adjustmentsOvertime Limits for Tier 6
… For members of Tier 6, the New York State Retirement and Social Security Law limits the amount of overtime pay … 31, 2017, the overtime limit was prorated. (Return to Top) PFRS Tier 6 Members Your overtime limit is 15 percent of … differential pay, location pay, longevity payments and top of pay grade bonus) from the previous calendar year. …
https://www.osc.ny.gov/retirement/members/overtime-limits-tier-610 Years After Superstorm Sandy: Tracking MTA Capital Spending
The MTA has set aside approximately $7.6 billion for projects related to Superstorm Sandy. More than $4.6 billion of this amount is for restoration projects, while $2.9 billion is for resiliency.
https://www.osc.ny.gov/files/reports/osdc/pdf/mta-sandy-capital-projects.pdfLump Sum Payments – Enhanced Reporting
… types of payments may be made as a lump sum: Buy back Settlement agreement* Holiday Maintenance (clothing, housing, … Workers’ compensation * If an employee receives a settlement, you must submit the settlement agreement or court …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/lump-sum-paymentsWhat Tier Are You In?
… Online and look under 'My Account Summary.' There are six tiers in the Employees’ Retirement System (ERS) and five in …
https://www.osc.ny.gov/retirement/members/what-tier-are-youThe Construction Industry in New York City: Recent Trends and Impact of COVID-19
… its operating budget, which includes $6.5 billion from the latest federal stimulus bill. The federal aid has allowed the … of the jobs in the construction sector. In 2016 (the latest available data), the New York City metropolitan …
https://www.osc.ny.gov/reports/osdc/construction-industry-new-york-city-recent-trends-and-impact-covid-19DiNapoli: State's Fiscal Picture Has Improved, but Impact of Pandemic Revenue Losses Will Linger
… of the Executive Budget for State Fiscal Year (SFY) 2021-22, as amended by the Governor. However, risks remain … of $1.6 billion in SFY 2020-21 and $676 million in SFY 2021-22. DOB plans to use this to prepay debt service … If the state receives less than $3 billion by August 31, 2021, spending from local assistance appropriations would …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-states-fiscal-picture-has-improved-impact-pandemic-revenue-losses-will-lingerDiNapoli: Greene County Couple Arrested for Allegedly Stealing Over $35,000 in Pension Payments
… District Attorney Joseph Stanzione, and the New York State Police Superintendent Stephen G. James announced the arrest … accountable. I thank DA Stanzione and the New York State Police for their continued partnership in protecting the … Green County District Attorney’s Office, and our State Police members for their hard work in exposing these …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-greene-county-couple-arrested-allegedly-stealing-over-35000-pension-paymentsOvertime and Other Time and Attendance Matters Found in the Use of Certain Federal Funds
… clothes, washing up, and traveling to and from the project site. An unannounced visit to the Tarrytown Station found one … clothes, washing up, and traveling to and from the project site. Monitor conductors to make sure that they are on site and working at their assigned posts to better ensure the …
https://www.osc.ny.gov/state-agencies/audits/2014/01/24/overtime-and-other-time-and-attendance-matters-found-use-certain-federal-funds-0Greenburgh-North Castle Union Free School District - Financial Management (2018M-108)
… The District’s financial recovery may be impacted due to decreased enrollment, resulting in decreased revenues. District officials did not: Perform budget transfers resulting in appropriations exceeding budgeted line … exceed revenues. District officials should perform budget transfers after appropriate Board approval and provide the …
https://www.osc.ny.gov/local-government/audits/school-district/2018/11/02/greenburgh-north-castle-union-free-school-district-financial-management