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Am I Required to Have an Audit?
… It depends. Some local government entities such as school districts, industrial development agencies, fire … they audit, either members of private certified public accounting firms or organizationally independent … perform the same type of audit services as an independent public accountant hired for that purpose. For guidance in …
https://www.osc.ny.gov/local-government/audits/am-i-required-have-auditNYS Common Retirement Fund Announces Third Quarter Results
… The New York State Common Retirement Fund's (Fund) estimated rate … State Common Retirement Fund, the third largest public pension plan in the United States with more than one million … Over the past 20 years, 80 percent of the cost of benefit payments has been funded by investment returns. The Fund’s …
https://www.osc.ny.gov/press/releases/2014/02/nys-common-retirement-fund-announces-third-quarter-resultsAlmond Volunteer Fire Department – Cash Shortage (2014M-113)
… internal controls over its financial operations for the period January 1, 2009 through March 13, 2014. … governing body with the following positions responsible for Department operations: President, Vice President, Chief, … Department bylaws state that the Treasurer is responsible for all financial activity, they do not detail the …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/08/08/almond-volunteer-fire-department-cash-shortage-2014m-113Lakeland Fire District – Travel and Conference Costs (2013M-145)
… 30, 2012. Background The Lakeland Fire District is located in the Town of Islip in Suffolk County. The District is governed by an elected … that expenditures were properly supported. This resulted in: The payment of $15,041 in questionable travel costs which …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/08/23/lakeland-fire-district-travel-and-conference-costs-2013m-145Comptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority,” said DiNapoli. … a standard leave request form or other formal procedure for employees to request leave time. The process for monitoring, requesting and approving leave is not …
https://www.osc.ny.gov/press/releases/2016/02/comptroller-dinapoli-releases-municipal-audits-1SUNY Bulletin No. SU-122
… Increases. Affected Employees SUNY M/C employees in Bargaining Units 13 and 40 Effective Dates 3% … 3% Discretionary Increase Eligibility Criteria Employees in BU13 or BU40 must be Active or on an approved Leave on the … Increase must be based on the annual salary rate in effect as of 3/31/06. 1% Discretionary Increase …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-122-discretionary-increases-suny-management-confidential-mcSUNY Bulletin No. SU-170
… Purpose To provide instructions to agencies for processing the M/C Discretionary Increase. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-170-2010-discretionary-increase-suny-management-confidentialLily Dale Volunteer Fire Company – Internal Controls Over Financial Operations (2013M-336)
… Chautauqua County. The Company is operated in accordance with its by-laws, which stipulate that an elected Executive … activities because the Treasurer does not provide it with adequate monthly or annual reports. The Treasurer was …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/01/31/lily-dale-volunteer-fire-company-internal-controls-over-financialState Police Bulletin No. SP-81
… criteria Effective Date(s) Payment will be made in a separate check dated December 1, 2004 Background Chapter … of the Laws of 2000 authorizes continuance of this payment in accordance with Section 216c of the Executive Law. Payment … Holiday Bonus Pay shall be four days of pay for employees in Bargaining Unit 62 who are in Active or Paid Leave status …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-81-2004-state-police-holiday-bonus-payState Police Bulletin No. SP-71
… payment. Affected Employees Employees represented by the NYS Police Investigator Association (Bargaining Unit 62) who … 3, 2003 Payment Amount and Eligibility Criteria The Holiday Bonus Pay shall be four days pay for employees in … Code: HBO DAYS: 4 Miscellaneous Payment Information The Holiday Bonus Pay is pensionable and is not included in the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-71-2003-state-police-holiday-bonus-payState Agencies Bulletin No. 1118
… Date(s) 2011 Form W-2s will include earnings paid in paychecks dated: Administration: 1/05/11 through 12/21/11 … company during the year [for example, State of New York (NYS) or City University of New York (CUNY)] will receive only …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1118-form-w-2-wage-and-tax-statement-calendar-year-2011City of Yonkers – Budget Review (B6-15-16)
… determined that the City's adopted budget for fiscal year 2015-16 and the related justification documents are in compliance … Act (Chapter 488 of the Laws of 1976). The City's 2015-16 budget totals $1.07 billion. The budget includes operating …
https://www.osc.ny.gov/local-government/audits/city/2015/07/10/city-yonkers-budget-review-b6-15-16State Agencies Bulletin No. 1264
… Internal Revenue Service (IRS) notices 2800C (Lock-in Letter), 2808C (Lock-in Modification Letter) and 2809C (Lock-In Release Letter). Affected …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1264-new-procedure-processing-internal-revenue-service-irs-issued-lockCUNY Bulletin No. CU-210
… arrears for Chapter 414/Chapter 681 ACO : Code 651 NYE SE ACO Arrears Before Tax Code 652 NYE SE ACO Arrears After Tax These codes should be entered on the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-210-new-additional-compensation-option-aco-new-york-cityState Agencies Bulletin No. 2048
… regarding the outreach and escheatment of uncashed payroll checks for calendar year 2021. Affected Employees Employees with one or more uncashed payroll checks originally issued in calendar year 2021 are … be mailed to all employees with a 2021 uncashed payroll check greater than $19.99 in September of 2022. A second …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2048-outreach-and-escheatment-2021-uncashed-payroll-checksSUNY System Administration Office – Selected Employee Travel Expenses
… we audited travel expenses for the highest-cost travelers in the State, each of whom incurred over $100,000 in travel expenses during the three-year audit period, as … employee for audit whose expenses ranked among the highest in the State in the area of lodging. In total, we examined …
https://www.osc.ny.gov/state-agencies/audits/2013/07/31/suny-system-administration-office-selected-employee-travel-expensesState Agencies Bulletin No. 2197
… The purpose of this bulletin is to inform agencies of the new chargeback process for direct-mailed 2023 form W-2’s. Background: In order to repay OSC for the direct mailing costs for 2023 … and Tax Statements. Agencies incur mailing costs based on the accuracy of their employee addresses in PayServ. Our …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2197-direct-mailed-form-w-2-agency-chargebackDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… on investments in the midst of global volatility thanks to our talented investment staff and our diversified asset … and Local Retirement System provides retirement security to more than one million active state and local government … Strong returns in recent years have resulted in back to back consecutive reductions in employer contributions in …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionFund 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 …
https://www.osc.ny.gov/reports/finance/2023-fcr/fund-financial-dataDiNapoli: State Pension Fund Valued at $242.3 Billion at End of Third Quarter
… the quarter. As of Dec. 31, the Fund had 43.49% of its assets invested in publicly traded equities. The remaining Fund assets by allocation are invested in cash, bonds, and … State Common Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-state-pension-fund-valued-2423-billion-end-third-quarter