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New Suffolk Common School District - Board Oversight and Local Finance Law (2018M-177)
… Board and District officials complied with Local Finance Law when using a line of credit. Key Findings The Treasurer’s … any of them. The Board did not comply with Local Finance Law when authorizing $220,000 of borrowing using a line of …
https://www.osc.ny.gov/local-government/audits/school-district/2018/12/14/new-suffolk-common-school-district-board-oversight-and-local-finance-lawVIII.1.A Accounts Payable Journal Vouchers – VIII. Accounts Payable Journal Vouchers & General Ledger Journal Entries
… APJV transactions submitted by agencies. APJV transactions can only occur when the adjustment is within the same fund.. … between and within appropriations. APJV transactions can only be submitted online and are not available through …
https://www.osc.ny.gov/state-agencies/gfo/chapter-viii/viii1a-accounts-payable-journal-vouchersFinal Average Earnings
… the pension benefits of NYSLRS Tier 6 members. When you retire, your final average earnings (FAE) will be based … of employment immediately before retirement, but they can be anytime in your career and do not need to match up … will not be included in your pension calculation. ERS Tiers 3, 4, 5 and 6 PFRS Tiers 3 (Article 14) and 6 If the …
https://www.osc.ny.gov/retirement/members/final-average-earningsDebt – 2023 Financial Condition Report
… entity creates fixed costs that directly affect its ability to provide current services, as well as its long-term fiscal health. High borrowing levels may: … is willing and able to meet the financial commitments of its obligations. The rating agencies have previously cited …
https://www.osc.ny.gov/reports/finance/2023-fcr/debtComptroller DiNapoli Releases School Audits
… his office completed audits of the Chazy Union Free School District , Dobbs Ferry Union Free School District , Haldane Central School District , Randolph …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-releases-school-audits-2Examples from GASB Statement 34 - Statement of Activities
… Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission. Program Revenues Net (Expense) Revenue and Changes in Net Assets Functions/Programs Expenses Charges for Service Operating Grants and Contributions Capital Grants and Contributions Primary …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-activitiesDiNapoli: Funds Dedicated for Highway & Bridge Capital Projects Continue to be Diverted for Operating and Debt Costs
… the last fiscal year, including the costs of snow and ice removal by the Department of Transportation and day-to-day … Motor Vehicles. Typically, staff expenses and snow and ice removal costs are regarded as ongoing costs of state … increase from the current year. Meanwhile, combined debt service and operations spending is projected to remain at …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-funds-dedicated-highway-bridge-capital-projects-continue-be-diverted-operating-and-debtOther Bulletin No. 7
… Purpose To notify the SUNY Construction Fund of OSC’s automatic … in Pay Period 1L: For Pay Changes, Position Changes and Transfers with an effective date on or before 4/3/08 … the salary. For Pay Changes, Position Changes and Transfers with an effective date after 4/3/08 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-7-april-1-2008-3-general-salary-increase-suny-constructionComptroller DiNapoli Releases State Audits
… whom were not SPS employees. Department of Motor Vehicles (DMV): Motor Vehicle Financial Security and Safety … for the Two Fiscal Years Ended March 31 (2014-S-42) DMV administers the Motor Vehicle Financial Security Act and … $20.3 million and $18.9 million, respectively, and that DMV is reporting its assessable expenses accurately. However, …
https://www.osc.ny.gov/press/releases/2015/03/comptroller-dinapoli-releases-state-auditsSurvivor's Benefit Program - Eligibility of Retired Employee for Survivor's Benefit (RS6355)
For NYSLRS employers to determines the eligibility of a retired employee for a survivor’s benefit.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs6355.pdfPolice and Fire Membership Application (PF5022)
For NYSLRS employers to register a new Police and Fire Retirement System (PFRS) member.
https://www.osc.ny.gov/files/retirement/forms/pdf/pf5022.pdfStandard Work Day Resolution for Employees (RS2418)
For NYSLRS employers to create a resolution establishing the standard working day for employees.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs2418.pdfEmployer Certification Form
For NYSLRS employers to certify report information is correct and designate a security coordinator.
https://www.osc.ny.gov/files/retirement/forms/pdf/employer-certification-form.pdfDiNapoli: Strong Tax Collections and New Savings Initiatives Boost NYC's Short-Term Finances
… in FY 2023) and decline to pre-pandemic levels by FY 2025. Continued strength in tax collections has led the city … Still, the city projects budget gaps of $4.2 billion in FY 2025, $5.9 billion in FY 2026 and nearly $7 billion in FY … identified recurring savings of $3 billion beginning in FY 2025. DiNapoli’s report notes the city faces significant …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-strong-tax-collections-and-new-savings-initiatives-boost-nycs-short-term-financesReceiving Your Benefit and Filing Your Pension Payment Option Election – State Police Plan
… Receiving Your Benefit At retirement, you must decide how you want your … Retirement Online calculator at this time. These members should contact us to request an estimate. Filing Your …
https://www.osc.ny.gov/retirement/publications/1518/receiving-your-benefit-and-filing-your-pension-payment-option-electionReceiving Your Benefit and Filing Your Pension Payment Option Election – Special 20- and 25-Year Plans
… your retirement benefit paid. You can choose from several pension payment options, all of which will provide you with a … after your death. Most members can estimate their pension using the benefit calculator in Retirement Online . … fine-tune your estimate by entering different retirement dates, beneficiaries, earnings, and service credit amounts to …
https://www.osc.ny.gov/retirement/publications/1517/receiving-your-benefit-and-filing-your-pension-payment-option-electionAccidental Death Benefit – State Police Plan
… die as the natural and proximate result of an on-the-job accident not due to your own willful negligence, an … your behalf, regardless of your years of service credit. "Accident” has a specific meaning with NYSLRS disability and … death benefits. We determine whether an incident is an “accident” on a case-by-case basis, using court decisions for …
https://www.osc.ny.gov/retirement/publications/1518/accidental-death-benefitAccidental Death Benefit – Special 20- and 25-Year Plans
… die as the natural and proximate result of an on-the-job accident not due to your own willful negligence, an … your behalf, regardless of your years of service credit. "Accident” has a specific meaning with NYSLRS disability and … death benefits. We determine whether an incident is an “accident” on a case-by-case basis, using court decisions for …
https://www.osc.ny.gov/retirement/publications/1517/accidental-death-benefitVI.2.A Appropriation & Segregation Overview – VI. Budgets
… grant payments with disbursements coded to the grant account codes. State Operations appropriations support the … service and non-personal service account codes. Capital Project appropriations support capital construction project … viewed in Report Manager or through the Process Monitor > Details > View Log/Trace. Guide to Financial Operations REV. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vi/vi2a-appropriation-segregation-overviewDefinitions – Contribution Stabilization Program
… Normal Rates Employer contribution rates for each retirement plan … The normal contribution is an employer’s total bill, excluding payments for group term life insurance, deficiencies, previous amortizations, …
https://www.osc.ny.gov/retirement/employers/csp/definitions