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What is a Defined Benefit Plan?
… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … the New York State Common Retirement Fund . Over the past 20 years, the Fund’s investment returns have covered 75 … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …
https://www.osc.ny.gov/retirement/members/defined-benefit-planDiNapoli: CUNY Students Need Better Access to Required Courses to Help Improve Graduation Rates
… today by State Comptroller Thomas P. DiNapoli. “Students who are unable to register for or complete courses needed for … an educational path to many who otherwise couldn’t attend college, but limited options may make it harder to graduate … In addition, 13 of 25 officials said they do not offer online or hybrid courses (courses encompassing both …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-cuny-students-need-better-access-required-courses-help-improve-graduation-ratesState Comptroller DiNapoli Releases Audits
… with possible mold. Office of General Services: Summit Security Services Inc. (2019-BSE3-001) OGS paid Summit more … who did not meet the contract qualifications for security guards. Bestworth’s president acknowledged none of the 40 employees who provided security guard services at the Adam Clayton Powell Jr. State Office …
https://www.osc.ny.gov/press/releases/2020/08/state-comptroller-dinapoli-releases-auditsOpinion 88-54
… the views of the Office of the State Comptroller at the time it was rendered. The opinion may no longer represent … district may be extended prior to December 31, and, if so, what time table must be followed for the extension of the … special districts only becomes effective after the period for filing a petition requesting a referendum has …
https://www.osc.ny.gov/legal-opinions/opinion-88-54State Comptroller DiNapoli Releases Municipal Audits
… , Sullivan County Community College , City of Troy and the West Ghent Volunteer Fire Company . "In today's fiscal … The director approves purchases, audits all claims and signs checks, while the assistant director also audits the …
https://www.osc.ny.gov/press/releases/2017/11/state-comptroller-dinapoli-releases-municipal-auditsStreet Construction-Related Permits (Follow-Up)
… Objective To determine the extent of implementation of the nine recommendations included in our … opening permits are required for excavations or other work on a City street or sidewalk that may cause damage to or …
https://www.osc.ny.gov/state-agencies/audits/2025/04/10/street-construction-related-permits-followState Comptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced his … , Monticello Joint Fire District and the Town of Orchard Park . "In today's fiscal climate, budget transparency and …
https://www.osc.ny.gov/press/releases/2017/07/state-comptroller-dinapoli-releases-municipal-auditsHughsonville Fire Company – Financial Activities (2014M-201)
… Purpose of Audit The purpose of our audit was to evaluate the Board’s oversight over the … Company is a volunteer organization located in the Town of Wappinger in Dutchess County. The Company, which is …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2015/01/02/hughsonville-fire-company-financial-activities-2014m-201Town of Hempstead Sanitary District No. 2 – Financial Condition and Procurement (2016M-388)
… The Board did not adopt a policy to address the level of unrestricted fund balance to be maintained or a multiyear … Board adopted budgets that appropriated $1.6 million of unrestricted fund balance between 2013 and 2015, none of which was used. The District's unrestricted fund balances ranged from 78 to 85 percent of …
https://www.osc.ny.gov/local-government/audits/district/2017/03/17/town-hempstead-sanitary-district-no-2-financial-condition-and-procurement-2016mService Retirement Benefit – En-Con Police Officers Plan
… 25 years of En-Con police service, or you may qualify for a service retirement if you reach age 60 before having served … your retirement will occur. The 15-day filing requirement is waived if you are over age 70 at retirement. … EnCon … Tier 1 2 3 5 and 6 members covered by Section 383b Covers pension disability and death benefits …
https://www.osc.ny.gov/retirement/publications/1822/service-retirement-benefitClaryville Fire District – Internal Controls Over Financial Operations (2013M-167)
… of ethics, but it has not adopted an investment policy or a procurement policy. The Board also has not ensured that … the cash and bank balances. The Board does not perform, or contract for, an annual audit of the Treasurer’s records. … in place for financial recording and reporting. Perform, or contract for, an annual audit of the Treasurer’s records. …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/08/30/claryville-fire-district-internal-controls-over-financial-operations-2013mSelected Employee Travel Expenses
… Purpose To determine whether the use of travel monies by selected government employees complied … and under the control of agency management, include car rentals, meals, lodging, transportation, fuel, and … business purposes or lacked adequate assurance that the charge was solely for legitimate business purposes. Key …
https://www.osc.ny.gov/state-agencies/audits/2013/07/10/selected-employee-travel-expensesState Comptroller DiNapoli Releases Municipal Audits
… his office completed audits of Village of Painted Post , Town of Schaghticoke and City of Yonkers . "In today’s … transparency and accountability for our local communities is a top priority," said DiNapoli. "By auditing municipal … and operations, my office continues to provide taxpayers the assurance that their money is being spent appropriately …
https://www.osc.ny.gov/press/releases/2017/08/state-comptroller-dinapoli-releases-municipal-auditsAdministration of Non-Competitive and Limited-Competition Contracts (Follow-Up)
… Purpose To determine the extent of implementation of the five recommendations included in our initial audit … monitored contractor performance before either renewing or extending there contracts. The audit covered the …
https://www.osc.ny.gov/state-agencies/audits/2017/01/09/administration-non-competitive-and-limited-competition-contracts-followReporting of Billboard Income (Follow-Up)
… of implementation of the five recommendations included in our initial report, Reporting of Billboard Income ( … Property Income Expense Statement (RPIE) billboard income. In addition, Finance was not doing enough to identify and follow up on properties with billboards. Finance had not routinely …
https://www.osc.ny.gov/state-agencies/audits/2016/11/04/reporting-billboard-income-followHoneoye Falls-Lima Central School District – Financial Management and Competitive Procurement (2016M-124)
… July 1, 2012 through February 11, 2016. Background The Honeoye Falls-Lima Central School District is located in the Towns of … requirements. Adopt detailed policies and procedures to address the procurement of goods and services that are not …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/26/honeoye-falls-lima-central-school-district-financial-management-andMonroe 1 Board of Cooperative Educational Services – Procurement of Professional Services (2016M-176)
… of our audit was to review the procurement of professional services for the period July 1, 2014 through April 26, 2016. … Background The Monroe 1 Board of Cooperative Educational Services (BOCES) is an association of 10 component school …
https://www.osc.ny.gov/local-government/audits/boces/2016/07/29/monroe-1-board-cooperative-educational-services-procurement-professional-servicesXII.6.L Replenishing an Advance Account – XII. Expenditures
… OVERVIEW AND POLICIES This section informs Business Units how to process vouchers to replenish a Business Unit’s advance … find the Vendor ID for a specific account, use the “Find an Existing Value” function in the Statewide Financial System …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6l-replenishing-advance-accountFishers Island Ferry District – Financial Operations (2016M-156)
… Purpose of Audit The purpose of our audit was to assess selected financial … 2014 through April 30, 2015. Background The Fishers Island Ferry District is a component unit of the Town of Southold in … adhere to the purchasing policy and competitive bid laws when purchasing goods or entering into public works contracts …
https://www.osc.ny.gov/local-government/audits/district/2016/08/12/fishers-island-ferry-district-financial-operations-2016m-156Town of Rhinebeck – Internal Controls Over Cash Management and Information Technology (2013M-36)
… Purpose of Audit The purpose of our audit was to examine internal controls over selected financial and … collected totaling $1,288 was not deposited and cannot be located by Town officials. Users on each of the Town’s 15 … taken offsite to a secure location because Town officials have not established back-up procedures that would require …
https://www.osc.ny.gov/local-government/audits/town/2013/05/17/town-rhinebeck-internal-controls-over-cash-management-and-information-technology