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Opinion 88-45
… in the opinion. CAPITAL IMPROVEMENTS -- Financing of (bank line of credit unauthorized) LOCAL FINANCE LAW, §§20.00, … to borrow by the establishment of a line of credit with a bank but may issue capital notes to the extent authorized by … only by the terms stated in that section, the use of the term "line of credit" would, in any event, be improper. …
https://www.osc.ny.gov/legal-opinions/opinion-88-45VI.I Overview – VI. Budgets
… do not exceed the available Federal funds. The Project Parent is equivalent to the billing amount for the Federal … Federal grant Budget Control and set up using the Project Guide. For Non-Onboarding agencies, agencies will establish a … XIX, Section 2 Establishing a Project using the Project Guide of this Guide for more information. The Onboarding …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vi/vii-overviewCollection and Use of Oil Spill Funds
… Conservation (Department) is collecting all fees due the New York Environmental Protection and Spill … tests showed the Department generally collected all fees due the Fund for the facilities we tested. However, of 11 … of Environmental Conservation is collecting all fees due the New York Environmental Protection and Spill …
https://www.osc.ny.gov/state-agencies/audits/2015/08/13/collection-and-use-oil-spill-fundsCost-Saving Ideas: Overtime Planning and Management
… costs. Fair Labor Standards Act and the New York State Taylor Law In implementing actions relating to overtime, keep … well as collective bargaining principles under the State's Taylor Law (Civil Service Law article 14). Resources Local …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-overtime-planning-and-managementDiNapoli: School District Budget Voter Participation More Than Tripled During COVID-19 Lockdown
… We need to embrace smart actions like this to help New Yorkers engage on issues critical in their communities.” … report found that of the 675 district budgets that were voted on, only 11 failed on the first vote, compared to the … did not increase from 2019-20 to 2020-21, the overall percentage of votes in support of the budget did decrease …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-school-district-budget-voter-participation-more-tripled-during-covid-19-lockdownGlobal Concepts Charter School – Cash Disbursements (2017M-126)
… and bylaws were followed and at times allowed the Board Chair to control all aspects of the disbursement and … must have dual signatures and may be signed by the Board Chair or his or her designee, but the bylaws designate the …
https://www.osc.ny.gov/local-government/audits/charter-school/2018/02/02/global-concepts-charter-school-cash-disbursements-2017m-126Smithfield Fire District –Controls Over Financial Activities (2015M-113)
… checks. The Treasurer does not provide the Board with monthly budget-to-actual reports. The Board did not audit all … canceled checks and bank reconciliations as part of the monthly review of the Treasurer’s report and while conducting the annual audit. Provide monthly budget-to-actual reports to the Board. Ensure that …
https://www.osc.ny.gov/local-government/audits/fire-district/2015/08/07/smithfield-fire-district-controls-over-financial-activities-2015m-113Snyder Fire District – Internal Controls Over Financial Operations (2013M-365)
… year. Key Findings We found that the Board generally provides adequate oversight of District financial activities. … The District annually spends approximately $9,000 for natural gas and $13,000 for electricity. We found that the Board was …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/02/14/snyder-fire-district-internal-controls-over-financial-operations-2013m-365DiNapoli: Contribute to 529 College Savings Account by Dec. 31 for Tax Benefits
… New Yorkers that not only are contributions to New York's 529 College Savings Program accounts tax deductible* but now … easier to save for continuing higher education. New York's 529 College Savings Program is an investment tool designed to … advantage of the improvements we're making to New York's 529 College Savings Program and give the gift of savings for …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-contribute-529-college-savings-account-dec-31-tax-benefitsDiNapoli: New Yorkers’ Debt on the Rise
… the national average, with student loan balances 335% higher than they were in 2003, according to a report released … 2020. We’re seeing debt rise for New Yorkers with student loans, mortgages and credit cards,” DiNapoli said. “Borrowing … improve access for individuals and families to financial education resources, so they are better prepared to build a …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-new-yorkers-debt-riseAdministrative Hearings
… by: Email: Email the Hearing Administration Bureau. Mail: Hearing requests sent by regular mail will be considered filed on the date they are received by NYSLRS. Hearing requests sent by certified mail, return receipt requested, are considered filed on the …
https://www.osc.ny.gov/retirement/members/administrative-hearingsOversight of Grants (Follow-Up)
… the Department's oversight of grant activity. We found that the monitoring performed by the Freight and Passenger … information sharing within the Department and with other State agencies that also provide grant funding. Key Findings … Department officials are awaiting implementation of a new Statewide Grants Management System, currently scheduled …
https://www.osc.ny.gov/state-agencies/audits/2014/03/21/oversight-grants-followTravel Advisory No. 1
… Certify a completed Employee Report of Travel Expenses and Claim for Payment ( AC 132-S *), or Review the information … the expense report for approval. *Business Units may use a form other than the AC 132-S to record and certify employee expenses only when the form has been approved by the Comptroller’s office. For …
https://www.osc.ny.gov/state-agencies/advisories/travel-advisory/1-requirements-proxy-expense-reportsPort Jervis City School District – Financial Condition (2016M-319)
… reserve. Key Recommendations Use surplus fund balance as a financing source for funding one-time expenditures, funding …
https://www.osc.ny.gov/local-government/audits/school-district/2016/11/18/port-jervis-city-school-district-financial-condition-2016m-319Fishers Island Union Free School District – Five Point Plan (2015M-320)
… for proposal process when selecting its external audit firm. Key Recommendations Develop and adopt written policies …
https://www.osc.ny.gov/local-government/audits/school-district/2016/04/01/fishers-island-union-free-school-district-five-point-plan-2015m-320Village of Endicott – Budget Review (B4-16-7)
… in the tentative budget for the general, electric and parking funds are reasonable. The water and sewer funds’ tentative budgets are not balanced and … $206,000, respectively. Village officials plan to raise water and sewer rates. The Village has adopted a local law to …
https://www.osc.ny.gov/local-government/audits/village/2016/04/15/village-endicott-budget-review-b4-16-7Wading River Fire District – Gasoline Credit Cards (2017M-5)
… of the State, distinct and separate from the Towns of Riverhead and Brookhaven, in Suffolk County. The District is …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/03/31/wading-river-fire-district-gasoline-credit-cards-2017m-5Town of Humphrey – Financial Management (2013M-116)
… total $557,004, funded primarily by real property tax, sales tax, and State aid. Key Finding We reviewed the general … overall, they were reasonable and supported, except for sales tax and fund balance estimates in the general fund. The … has been adopting budgets that consistently underestimate sales tax revenues. In addition, on an annual basis, the …
https://www.osc.ny.gov/local-government/audits/town/2013/07/19/town-humphrey-financial-management-2013m-116Manorville Fire District – Board Oversight and Fuel (2016M-411)
… officials did not maintain complete and accurate fuel inventory records. District officials did not adequately … supply is periodically measured and that adequate fuel inventory records are maintained. Enforce the Board’s adopted …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/03/10/manorville-fire-district-board-oversight-and-fuel-2016m-411Otisco Fire District – Financial Operations (2016M-415)
… reports and ensure District audit requirements were met for the period January 1, 2015 through July 31, 2016. … Board of Fire Commissioners. Budgeted appropriations for 2016 totaled approximately $354,000. Key Findings The … had not filed an annual financial report with OSC for the years 2013 through 2015. The Board did not contract …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/02/17/otisco-fire-district-financial-operations-2016m-415