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Iroquois Central School District - Financial Management (2018M-102)
… whether the Board and District officials properly managed fund balance and reserves. Key Findings Appropriations were … annual average of $2.3 million. As a result, appropriated fund balance, which annually averaged $1.8 million, was not … and District officials did not transparently budget to fund a capital reserve. The Board did not review all reserves …
https://www.osc.ny.gov/local-government/audits/school-district/2018/08/17/iroquois-central-school-district-financial-management-2018m-102Becoming Eligible for a Benefit – En-Con Police Officers Plan
… 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested retirement benefit at age 55. Tier 6 members who are off public payroll may collect a vested retirement benefit at age 63. … information for PFRS 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/becoming-eligible-benefitBecoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… vested. This means you have earned the right to receive a retirement benefit, even if you leave public employment. 1 … — you do not have to fill out any paperwork or file an application to become vested. However, you will need to file … 1 Updated 10/22 … Basic Plan with Increased TakeHome Pay for PFRS Tier 1 2 3 Article 11 5 and 6 under Sections 370a …
https://www.osc.ny.gov/retirement/publications/1511/becoming-eligible-benefitCity of Glens Falls – Water and Wastewater System Cybersecurity (2017M-117)
… formal process for staying current on water and wastewater system cybersecurity threats. Officials have not provided … Establish a process for receiving and assessing system cybersecurity alerts. Provide cybersecurity awareness …
https://www.osc.ny.gov/local-government/audits/city/2017/11/22/city-glens-falls-water-and-wastewater-system-cybersecurity-2017m-117Town of East Hampton – Budget Review (B17-7-15)
… review was to determine whether the significant revenue and expenditure projections in the Town’s tentative budget … general fund as of December 31, 2007, December 31, 2008, and December 31, 2009. New York State Local Finance Law … of our review, we found that the significant revenue and expenditure projections in the tentative budget are …
https://www.osc.ny.gov/local-government/audits/town/2017/11/02/town-east-hampton-budget-review-b17-7-15Catskill Central School District – Financial Management (2017M-134)
… based on actual needs to avoid levying taxes at a level greater than needed. Maintain unrestricted fund …
https://www.osc.ny.gov/local-government/audits/school-district/2017/09/29/catskill-central-school-district-financial-management-2017m-134Village of Nassau – Budgeting (2018M-3)
… the Board adopted budgets based on reasonable estimates for the period June 1, 2014 through September 30, 2017. … approximately 1,100. General fund budgeted appropriations for the 2017-18 fiscal year total $697,543. Key Findings … by an annual average of $118,599 (20.9 percent) for 2014-15 through 2016-17. The general fund’s unrestricted …
https://www.osc.ny.gov/local-government/audits/village/2018/04/20/village-nassau-budgeting-2018m-3Vendor File Advisory No. 11
… ensure the State does business with the vendor according to the vendor’s logistical preferences, including purchase orders going to the correct address and voucher payments to the correct bank account or address. The “Location” …
https://www.osc.ny.gov/state-agencies/advisories/vendor-file-advisory/11-vendor-locationContract Advisory No. 24
… for Procurement Contract Purchases Guidance: As referenced in the Guide to Financial Operations (GFO), Chapter XI, … Contract Purchases , provides sample language to include in contracts to encourage Early Pay Discounts throughout a …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/24-early-pay-discounts-procurement-contract-purchasesTown of Union Vale – Procurement and Information Technology (2017M-172)
… and protected against unauthorized use, access and loss for the period January 1, 2016 through May 24, 2017. … competition. The Town has no policies or restrictions for Internet use; we found numerous instances of personal … policy to provide guidance on seeking competition for professional services. Adopt policies for Internet use, …
https://www.osc.ny.gov/local-government/audits/town/2017/12/01/town-union-vale-procurement-and-information-technology-2017m-172Pine City Fire District No. 1 – Board Oversight (2017M-166)
… State, distinct and separate from the Town of Southport in Chemung County. The District is governed by an elected … expenditures or standard mileage. Establish reserve funds in accordance with law. … Pine City Fire District No 1 Board …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/12/01/pine-city-fire-district-no-1-board-oversight-2017m-166Inspecting Highway Bridges and Repairing Defects (Follow-Up)
… our initial audit report, which was issued on Report April 26, 2013, our objective was to determine whether the New York …
https://www.osc.ny.gov/state-agencies/audits/2014/06/25/inspecting-highway-bridges-and-repairing-defects-followFactors Affecting an Employer’s Annual Payment – What Every Employer Should Know
… Higher salaries will increase an employer’s total bill. Retirement Plans and Options Offered Generally, choosing to offer your employees better retirement plans or benefit options results in a higher … employer chooses to provide a special plan for a specific employee group such as police officers or firefighters, the …
https://www.osc.ny.gov/retirement/employers/partnership/factors-affecting-employers-annual-paymentMilford Central School District – Financial Condition (2016M-87)
… audit was to examine the District officials’ management of fund balance for the period July 1, 2012 through June 30, … million. Key Findings District officials did not maintain fund balance in accordance with statutory requirements. Over … Key Recommendations Reduce the amount of unrestricted fund balance and use the excess funds in a manner that …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/03/milford-central-school-district-financial-condition-2016m-87Alternative and Out-of-Service Death Benefits – State Police Plan
… that would have been established under the State Police retirement plan (Section 381-b) had you retired on your date of death. “Pension reserve” is an actuarial term for the value of your retirement benefit at the time of retirement. Out-of-Service …
https://www.osc.ny.gov/retirement/publications/1518/alternative-and-out-service-death-benefitsAlternative and Out-of-Service Death Benefits – Special 20- and 25-Year Plans
… an actuarial term for the value of your retirement benefit at the time of retirement. Out-of-Service Death Benefit If you are a vested member with at least ten years of credited service, but you have not yet …
https://www.osc.ny.gov/retirement/publications/1517/alternative-and-out-service-death-benefitsState Agencies Bulletin No. 484
… Purpose To provide processing instructions for Deduction Code 648 . Background Chapter 548 of the Laws … allows certain members of the New York City Employees' Retirement System who served in certain combat theaters or during wartime periods to purchase and receive credit for up to three (3) years of military service. This new …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/484-new-general-deduction-code-648-nye-military-buyback-arrears-after-taxRondout Valley Central School District – Financial Management (2015M-296)
… audit was to examine the District’s financial management for the period July 1, 2012 through July 27, 2015. Background … nine-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $60.7 …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/19/rondout-valley-central-school-district-financial-management-2015m-296Town of Hempstead – Procurement (2022M-63)
Determine if Town of Hempstead Town officials used competitive methods when procuring professional services and purchases subject to competitive bidding
https://www.osc.ny.gov/local-government/audits/town/2022/09/23/town-hempstead-procurement-2022m-63Wappingers Central School District – Professional Services (2022M-88)
… competition for the procurement of professional services in accordance with the procurement policy. Key Findings … Last sought competition for the architect and attorney in 2012 and 2015, respectively. Key Recommendations Ensure professional services are procured in a competitive manner in accordance with District policy. …
https://www.osc.ny.gov/local-government/audits/school-district/2022/08/26/wappingers-central-school-district-professional-services-2022m-88