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Taxes and Interest
… We pay interest on items that were originally interest bearing such as bank accounts, utility refunds and certain court funds. Interest is paid for a period of five years from the date we … We pay interest on interest bearing items such as bank accounts utility refunds …
https://www.osc.ny.gov/unclaimed-funds/claimants/taxes-and-interestTown of Owasco – Financial Management and Procurement (2021M-70)
Determine whether the Town of Owasco Town Board Board effectively managed fund balances and reserves for the general water and sewer district funds and has multiyear financial and capital plans
https://www.osc.ny.gov/local-government/audits/town/2021/08/13/town-owasco-financial-management-and-procurement-2021m-70Town of Mayfield - Town Clerk (2016M-29)
… Accurately record all collections in the Clerk’s computer system and report them on the Clerk’s monthly …
https://www.osc.ny.gov/local-government/audits/town/2020/03/13/town-mayfield-town-clerk-2016m-29II.4.A Minimum Financial Reporting Requirements – II. New York State Financial Accounting
… Yields, Portfolio Balances and Interest Earnings Schedule of Temporary Loans Outstanding State Fund Structure … for general purpose governments include management's discussion and analysis (MD&A), basic financial statements … An analysis of significant variations between original and final budget amounts and between final budget amounts and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4a-minimum-financial-reporting-requirementsIX.12.N Fund Availability and Interest Liability – IX. Federal Grants
… is entered in the Federal Payment Management System (PMS). Meanwhile, state payments must be made. State agencies … is entered in the Federal Payment Management System PMS …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12n-fund-availability-and-interest-liabilityDiNapoli: As State Tax Check-Off Options Increase, Spending Lags for Most
… number of check-offs have grown over the last decade, only a fraction of the money has been actually spent on their … state offers many worthy causes for income tax filers to donate to on their income tax forms, but money from less than … has declined over time. In SFY 1983-84, the first year a tax check-off option appeared, there were over 344,000 …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-state-tax-check-off-options-increase-spending-lags-mostEnhanced Medicaid Payments to Selected Home Health Care Service Providers (Follow-Up)
… funds for the recruitment, training, and retention (RTR) of direct care staff and whether the Department of … were to use the supplementary funds to improve RTR of direct home health care staff. We reviewed $39 million of RTR funds and found indications that providers were using …
https://www.osc.ny.gov/state-agencies/audits/2013/09/05/enhanced-medicaid-payments-selected-home-health-care-service-providers-followClinton-Essex-Warren-Washington Board of Cooperative Education Services – Employee Benefit Plan Forfeited Funds (2022M-31)
… program (DCAP) and health reimbursement arrangement (HRA) in a timely manner. Key Findings BOCES officials did not … returned forfeited funds from the FSA, DCAP and HRA in a timely manner. As of December 31, 2021, the administrator had not returned $83,068 (97 percent) in forfeited funds from the FSA, DCAP and HRA for the 2014-15 …
https://www.osc.ny.gov/local-government/audits/boces/2022/08/05/clinton-essex-warren-washington-board-cooperative-education-services-employeeBurnt Hills-Ballston Lake Central School District – Employee Benefit Plan Forfeited Funds (2023M-88)
… (FSA) and Dependent Care Assistance Program (DCAP) in a timely manner. Key Findings District officials were not … did not return forfeited funds totaling $25,701 to the District, as required. Because officials did not … to calculate the amount of forfeited funds that should be returned to the District. Establish written procedures for …
https://www.osc.ny.gov/local-government/audits/school-district/2023/10/13/burnt-hills-ballston-lake-central-school-district-employee-benefit-planDiNapoli: Some Taxpayer Check-Off Donations Not Utilized for Worthy Causes
… has accumulated in six check-off funds, with nearly 90 percent of that for health-related causes including breast …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-some-taxpayer-check-donations-not-utilized-worthy-causesDiNapoli Proposal Would Provide More Accountability for Personal Income Tax Check-Off Funds
… remains unused when it should be fighting cancer, helping veterans, or recruiting firefighters and EMS volunteers,” … wildlife programs; missing and exploited children efforts; veterans’ causes; and disease research. Taxpayers will be able to contribute to a new Homeless Veterans Assistance fund starting with the 2015 tax year. A …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-proposal-would-provide-more-accountability-personal-income-tax-check-fundsCOVID-19 Relief Program Tracker
… Supplemental Appropriations (CRRSA) Act $9.0 billion, American Rescue Plan Description This funding administered by … for an extension through March 28, 2026 to liquidate the American Rescue Plan Act portion of these funds, the federal … funds: $1.6 billion Chapters 53 and 418, New York State Laws of 2021: $250 million Chapter 53, New York State Laws of …
https://www.osc.ny.gov/reports/covid-relief-program-trackerFund Financial Data – 2022 Financial Condition Report
… Fund financial statements provide a short-term view of finances. … Fund financial statements provide a shortterm view of finances …
https://www.osc.ny.gov/reports/finance/2022-fcr/fund-financial-dataFund Financial Data – 2021 Financial Condition Report
… Fund financial statements provide a short-term view of … funding and spending for particular purposes. The General Fund is used to report sources of funds and expenditures that … are not required to be accounted for in another separate fund. In New York State, significant sources of funds that …
https://www.osc.ny.gov/reports/finance/2021-fcr/fund-financial-dataFund Financial Data – 2023 Financial Condition Report
… Fund financial statements provide a short-term view of … funding and spending for particular purposes. The General Fund is used to report sources of funds and expenditures that … are not required to be accounted for in another separate fund. In New York State, significant sources of funds that …
https://www.osc.ny.gov/reports/finance/2023-fcr/fund-financial-data2024 Stewardship Priorities & Proxy Voting Guideline Updates
The New York State Common Retirement Fund’s Corporate Governance Program actively engages with the Fund’s public equity portfolio companies to foster the development of robust governance practices and prudent management of environmental and social factors.
https://www.osc.ny.gov/files/common-retirement-fund/corporate-governance/pdf/2024-stewardhip-priorities-and-proxy-voting-guideline-updates.pdfIX.8.B Interest on Advance Payments to Vendors – IX. Federal Grants
… In some instances, payments are made to vendors, including sub-recipients, before the vendors have … the funds, the agency should require the funds be returned to the State. In such instances the agency should calculate … than $25, agencies should require that amount be paid to the State. Once the interest payment is received, it …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8b-interest-advance-payments-vendorsIX.12.M Journal Vouchers – IX. Federal Grants
… Generally, journal voucher payments are used to: Reimburse service-providing … state agency disbursed for program purposes. These journal voucher payments are considered interest neutral. Agencies … required to make every effort to properly allocate state voucher payments between state and federal funds. In very …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12m-journal-vouchersXI.12 Overview – XI. Procurement and Contract Management
… of contractual agreements is a critical aspect of government contracting and ensuring the prudent expenditure … of contractual agreements is a critical aspect of government contracting and ensuring the prudent expenditure …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12-overviewVII.9 Fringe Benefits and Indirect Costs – VII. State Revenues and Appropriated Loan Receivables
… Authority to Assess and Collect Section 8-b State Finance Law Retirement Section 16(c) Retirement and Social … Financial System. Any questions regarding standard or waiver rates should be directed to an agency’s DOB examiner. … require a rate other than the standard rate, or require a waiver, agencies should enter a new waiver request in SFS …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii9-fringe-benefits-and-indirect-costs