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Town of Lorraine – Town Supervisor's Records and Reports (2025M-47)
… and up-to-date accounting records and reports. As a result, the Board lacked reliable information necessary to … between recorded cash balances and adjusted bank balances, in part, because she did not perform bank reconciliations in an accurate manner. As of December 31, 2023, three bank …
https://www.osc.ny.gov/local-government/audits/town/2025/08/08/town-lorraine-town-supervisors-records-and-reports-2025m-47Conclusion – Improving the Effectiveness of Your Claims Auditing Process
… will occur before public funds are disbursed. As the old saying goes, "the buck stops here;" nothing could be more …
https://www.osc.ny.gov/local-government/publications/claims-auditing-process/conclusionBorrowing Against Your Contributions – Career Plan
… your contributions: You must be in active service and have one year of member service credit. You repay each … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, loans are fully …
https://www.osc.ny.gov/retirement/publications/1642/borrowing-against-your-contributionsBorrowing Against Your Contributions – Basic Plan with Increased-Take-Home-Pay (ITHP)
… your contributions: You must be in active service and have one year of member service credit. You repay each … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, loans are fully …
https://www.osc.ny.gov/retirement/publications/1511/borrowing-against-your-contributionsBorrowing Against Your Contributions – Non-Contributory Plan with Guaranteed Benefits
… your contributions: You must be in active service and have one year of member service credit. You repay each … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, loans are fully …
https://www.osc.ny.gov/retirement/publications/1513/borrowing-against-your-contributionsBorrowing Against Your Contributions – Police and Fire Plan
… your contributions: You must be in active service and have one year of member service credit. You repay each … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, loans are fully …
https://www.osc.ny.gov/retirement/publications/1512/borrowing-against-your-contributionsBorrowing Against Your Contributions – Forest Rangers Plan
… your contributions: You must be in active service and have one year of member service credit. You repay each … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, loans are fully …
https://www.osc.ny.gov/retirement/publications/1864/borrowing-against-your-contributionsBorrowing Against Your Contributions – Regional State Park Police Plan
… your contributions: You must be in active service and have one year of member service credit. You repay each … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, loans are fully …
https://www.osc.ny.gov/retirement/publications/1867/borrowing-against-your-contributionsBorrowing Against Your Contributions – New Career Plan
… your contributions: You must be in active service and have one year of member service credit. You repay each … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, loans are fully …
https://www.osc.ny.gov/retirement/publications/1515/borrowing-against-your-contributionsBorrowing Against Your Contributions – En-Con Police Officers Plan
… your contributions: You must be in active service and have one year of member service credit. You repay each … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, loans are fully …
https://www.osc.ny.gov/retirement/publications/1822/borrowing-against-your-contributionsBorrowing Against Your Contributions – State University Police Plan
… your contributions: You must be in active service and have one year of member service credit. You repay each … loan through payroll deductions in an amount sufficient to repay the loan and interest within five years. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after issuance, loans are fully …
https://www.osc.ny.gov/retirement/publications/1823/borrowing-against-your-contributionsDiNapoli Announces Latest Fiscal Stress Scores
… in stress. The number of local governments considered to be in "significant fiscal stress," however, more than … those with persistent financial problems are struggling to stay out of the red and fix their problems," said … York, all counties and towns, 44 cities and 10 villages have a calendar-based fiscal year – a total of 1,043 …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-announces-latest-fiscal-stress-scoresOpinion 95-30
… grants or bequests in the form of a true trust are subject to the "prudent investor" provisions of Estates, Powers and … Prior inconsistent opinions are superseded. You inquire as to the authority for public libraries to invest moneys raised by taxes, and non-tax moneys, such as …
https://www.osc.ny.gov/legal-opinions/opinion-95-30NYS Common Retirement Fund Announces Third Quarter Results
… 2017, with an estimated value of $209.1 billion, according to New York State Comptroller Thomas P. DiNapoli. "A strong equities market continued to provide solid returns on investments during the last three … nearly decade-long rise. Our foremost goal will always be to find stable, long-term returns that will continue to …
https://www.osc.ny.gov/press/releases/2018/02/nys-common-retirement-fund-announces-third-quarter-resultsBorrowing Against Your Contributions – Article 14 Benefits
… you should be aware of the federal tax laws pertaining to Retirement System loans. Your loan will be taxable if: The loan amount exceeds federal limits. You have a loan with a deferred compensation (457) or … plan through your current employer that causes your loan to exceed the federal limits for nontaxable loans. Exceeding …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsVillage of Sloan – Clerk-Treasurer (2024M-109)
… also did not provide timely or accurate financial reports to the Board of Trustees (Board). As a result, the Board may have made financial decisions with inaccurate and out-of-date … on the monthly Treasurer’s reports, that were provided to the Board approximately six weeks after month-end, were …
https://www.osc.ny.gov/local-government/audits/village/2024/11/15/village-sloan-clerk-treasurer-2024m-109State Comptroller Releases Municipal Audits
… today announced the following local government audits have been issued. Town of Delhi – Pool Project Donations and … The board also inappropriately used town funds to pay at least $8,000 for fundraising activities. Auditors … $67,000 in additional expenses because they were unable to comply with certain grant funding requirements. In …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-releases-municipal-auditsComptroller DiNapoli Releases School Audits
… recent years, the board has balanced its adopted budgets with appropriations of fund balance and reserves, which has … County) District officials have not provided employees with written procedures over payroll, did not adequately … made it appear that the district was in compliance with the statutory limit on unrestricted fund balance. …
https://www.osc.ny.gov/press/releases/2016/09/comptroller-dinapoli-releases-school-auditsOpinion 2000-18
… DISTRICTS -- Powers and Duties (establishment of service award program by joint fire district); (authority for service award program established by joint fire district to provide … Villages (authority to transfer responsibility for service award program to joint fire district) VILLAGES -- Fire …
https://www.osc.ny.gov/legal-opinions/opinion-2000-18Ending Your Membership – Article 14 Benefits
… cannot end unless you: Are not vested and seven years have elapsed since you left public employment. Public … in the New York State and Local Retirement System; Have less than ten years of service credit, leave public … withdraw your membership ; Transfer your membership to another retirement system; Retire; or Die. …
https://www.osc.ny.gov/retirement/publications/1644/ending-your-membership