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Retiring with an Outstanding Loan – State Police Plan
… loan balance at retirement. The approximate reductions are for calendar year 2021. The amount of the reduction changes … $5,000 $236 $10,000 $472 … State Police Plan information for PFRS Tier 2 5 and 6 members under Sections 381b Borrowing …
https://www.osc.ny.gov/retirement/publications/1518/retiring-outstanding-loanHuntington Union Free School District – Financial Condition (2015M-356)
… revenues exceeded expenditures by as much as $4.1 million and no amount of appropriated fund balance was used to …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/04/huntington-union-free-school-district-financial-condition-2015m-356Applying for Previous or Military Service Credit – Career Plan
… (which must be received before your effective date of retirement) to our Member & Employer Services Bureau. Please … than if you wait to purchase it at a later date. Your retirement benefit will be processed more quickly if your … of the cost after you leave the payroll, you must make payment within 30 days of notification. Updated as of 3/13 …
https://www.osc.ny.gov/retirement/publications/1642/applying-previous-or-military-service-creditApplying for Previous or Military Service Credit – New Career Plan
… (which must be received before your effective date of retirement) to our Member & Employer Services Bureau. Please … than if you wait to purchase it at a later date. Your retirement benefit will be processed more quickly if your … of the cost after you leave the payroll, you must make payment within 30 days of notification. Page updated as of …
https://www.osc.ny.gov/retirement/publications/1515/applying-previous-or-military-service-creditSpencerport Central School District – Financial Condition (2016M-254)
… Purpose of Audit The purpose of our audit was to review the District’s financial condition and budgeting … The Spencerport Central School District is located in the Towns of Ogden, Gates, Greece and Parma in Monroe … in the annual budget to ensure the tax levy is not higher than necessary. Review all reserves at least …
https://www.osc.ny.gov/local-government/audits/school-district/2016/10/28/spencerport-central-school-district-financial-condition-2016m-254Mandatory Contributions – Enhanced Reporting
… . You should maintain a record of a member’s contribution rates with your payroll records until the member retires. … their cessation date and no longer make contributions. New York State correction officers in Tiers 5 and 6 are not … Rev. 2/23 … Most NYSLRS members make contributions a percentage of their earnings toward funding future retirement …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/mandatory-contributionsNorthport - East Northport Union Free School District - Extra-Classroom Activity Fund (2021M-167)
… records and were not deposited in the bank and collections of $845,258 were missing key support. Records to support …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/northport-east-northport-union-free-school-district-extra-classroomTown of Freedom – Financial Management (2021M-191)
… did not develop and adopt realistic budgets or determine how much fund balance should be maintained. As a result, the Town …
https://www.osc.ny.gov/local-government/audits/town/2022/02/11/town-freedom-financial-management-2021m-191DiNapoli: Audit Finds Misuse of Funds in Town of Fishkill
… its senior center, including providing food, coffee, bingo games, and organizing paid day trips and overnight trips. The … Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] , or by mailing a …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-audit-finds-misuse-funds-town-fishkillDiNapoli: Young People in NYC Still Face Double-Digit Unemployment
… after the height of the COVID-19 pandemic, young people in New York City continue to face double-digit unemployment, … with young men experiencing the greatest challenges in finding work, according to a report released today by … among 16- to 24-year-olds stands at nearly 18% in the city, as compared to about 9% in the rest of New York …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-young-people-nyc-still-face-double-digit-unemploymentDiNapoli: Audits Reveal Millions in Lost Revenue for Local Water Systems
… Audits of municipal water systems estimate local governments are losing millions of dollars in revenue due to water loss, inaccurate meters or improper … depleting fund balances; and Some local officials had no strategies to eliminate long-term deficits, improve …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-audits-reveal-millions-lost-revenue-local-water-systemsDiNapoli: Transparency Needed as NYC Moves Forward with Difficult Budget Choices
… The report urges the city to use greater transparency for nondiscretionary costs that it does not have direct … declining share has allowed the city to allocate funding for services where it has greater control over spending, … share of the FY 2024 budget that is controllable accounts for more than three-fifths of projected spending for that …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-transparency-needed-nyc-moves-forward-difficult-budget-choicesRetiring with an Outstanding Loan – Special 20- and 25-Year Plans
… with an outstanding loan, the annuity portion of your retirement benefit will be permanently reduced . You cannot … reduction will be based on your age, your loan balance at retirement and the type of retirement (service or disability). The loan application and Retirement Online …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanPort Jervis City School District – Financial Condition (2016M-319)
… 30, 2016. Background The Port Jervis City School District is located in the City of Port Jervis, Orange County. The … in operating surpluses. The reserve policy does not state how each reserve will be funded, when reserves will be used or how much will be maintained in each reserve. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/18/port-jervis-city-school-district-financial-condition-2016m-319Pleasantville Union Free School District – Financial Condition (2015M-311)
… our audit was to review the District’s financial condition for the period July 1, 2014 through September 10, 2015. … five-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $49 million. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/03/04/pleasantville-union-free-school-district-financial-condition-2015m-311Royalton-Hartland Central School District – Financial Condition (2015M-275)
… the District’s financial condition and budgeting practices for the period July 1, 2012 through September 4, 2015. … seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $22.9 … officials consistently budgeted in the general fund for expenditures that could have been paid for with reserve …
https://www.osc.ny.gov/local-government/audits/school-district/2016/01/15/royalton-hartland-central-school-district-financial-condition-2015m-275Islip Fire District – Financial Condition (2020M-25)
… plan for the funding of and spending from reserves. In addition, the Board transferred unavailable funds to its … from reserves totaling $841,477 that were not included in the budgets. Key Recommendations Review financial reports … that addresses the level of fund balance to be maintained in the operating fund. In addition, adopt a multiyear capital …
https://www.osc.ny.gov/local-government/audits/fire-district/2020/05/22/islip-fire-district-financial-condition-2020m-25Town of Cobleskill – Budgeting (2023M-138)
… of the 2023 appropriations. The Town’s preliminary budgets for the three fiscal years we examined did not include fund …
https://www.osc.ny.gov/local-government/audits/town/2024/03/01/town-cobleskill-budgeting-2023m-138Cohoes City School District – Budgeting (2016M-111)
… officials properly managed fund balance and reserves for the period July 1, 2012 through June 30, 2015. Background … seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year totaled approximately $40.3 … Key Findings The District did not have a formal plan for funding reserves, determining how much should be …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/29/cohoes-city-school-district-budgeting-2016m-111North Collins Central School District – Financial Management (2016M-189)
… The North Collins Central School District is located in the Towns of North Collins, Collins, Concord, Brant, Eden and Evans in Erie County. The District, which operates two schools with … or ensure that fund balance and reserves were managed in accordance with statutes. The District used a contingency …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/05/north-collins-central-school-district-financial-management-2016m-189