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Opinion 95-24
… opinion. CITIES -- Powers and Duties (deposit of State aid for education in mandatory reserve fund) MUNICIPAL FUNDS -- Mandatory Reserve Funds (criteria for establishing) SCHOOL DISTRICTS -- Powers and Duties (use … school district on account of a school building project for which indebtedness was contracted and remains outstanding …
https://www.osc.ny.gov/legal-opinions/opinion-95-24Automated Phone Service
… account information and make requests. Members can view benefit information, update contact information, view and … birth so that we can locate your account information.) #3 Death of a Member or Retiree If you are calling to report the death of a member or retiree. For questions about …
https://www.osc.ny.gov/retirement/members/automated-phone-serviceCost-Saving Ideas: Credit Card Accountability - Minimizing the Risk of Error, Misuse and Fraud
… a credit card policy and a system of internal controls in place. Review our best practices below as a reference for … Train credit card holders and have them acknowledge in writing that they understand their responsibilities. Issue cards in the names of the employees for better accountability. …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-credit-card-accountability-minimizing-risk-error-misuse-and-fraudTown of Minerva – Payroll and Cash Receipts (2015M-342)
… place over the Town’s payroll and cash receipts processes for the period January 1, 2013 through April 30, 2015. … an elected five-member Town Board. Budgeted appropriations for 2015 totaled approximately $2.2 million. Key Findings … the clerk to the Supervisor overpaid herself $13,940 for unauthorized direct deposits and inappropriate …
https://www.osc.ny.gov/local-government/audits/town/2017/10/06/town-minerva-payroll-and-cash-receipts-2015m-342Establishing the Standard Work Day – Legacy Reporting
… represent the amount of time per day a full-time employee in that title would be required to work. You must establish a … drivers, etc.), even if you only have part-time employees in that title or the title is vacant. You may establish …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/establishing-standard-work-dayMember Contributions – Legacy Reporting
… of the Internal Revenue Code (IRC). Federal income tax on these contributions is deferred until they are … as wages to NYSLRS. Contributions are calculated on the full gross salary. All ERS Tier 3, 4, 5 and 6 normal contributions deducted on or after July 1, 1989, are 414(h) contributions. …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/member-contributionsOpinion 88-7
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … surplus bond proceeds are available to pay debt service for purposes of a town improvement district and current … service need not be paid from the assessments. 4 Opns St Comp, 1948, p 315 superseded. You ask whether 4 Opns St Comp, …
https://www.osc.ny.gov/legal-opinions/opinion-88-7City of Troy – Budget Review (B5-15-22)
… Local Finance Law requires all local governments that have been authorized to issue obligations to fund operating … in compliance with the tax levy limit and City officials have not adopted a local law to override the limit. Key …
https://www.osc.ny.gov/local-government/audits/city/2015/11/10/city-troy-budget-review-b5-15-22City of Amsterdam – Recreation Department (2023M-29)
… program were $12,014; only $5,213 was collected, resulting in a projected revenue shortage of $6,801 for the summer … maintain any support for the number of beverages sold . In addition, cash from the sales was periodically placed in a vehicle’s glove compartment until it was brought to the …
https://www.osc.ny.gov/local-government/audits/city/2023/07/21/city-amsterdam-recreation-department-2023m-29Opinion 2010-1
… the views of the Office of the State Comptroller at the time it was rendered. The opinion may no longer represent …
https://www.osc.ny.gov/legal-opinions/opinion-2010-1-0Opinion 2010-1
… the views of the Office of the State Comptroller at the time it was rendered. The opinion may no longer represent …
https://www.osc.ny.gov/legal-opinions/opinion-2010-1Overtime Temporarily Excluded from Tier 6 Contribution Rates
… may lower contribution rates for some Tier 6 members for State Fiscal Year 2024-25 (April 1, 2024–March 31, 2025) and … provides a link to the Summary Page, which lists the employees who may be impacted by the new law. Use this page … owe arrears and need to pay deficient contributions plus interest, which accrues monthly on unpaid balances. If a …
https://www.osc.ny.gov/retirement/employers/overtime-temporarily-excluded-tier-6-contribution-ratesXI.7.B Repayment Agreements – XI. Procurement and Contract Management
… and the terms of the repayment agreements are detailed in the appropriation language for the state funds being … Deferred Payment Arrangements for additional information. In many cases, the repayment agreement provides for both the … to OSC through the Electronic Documents Submission System (EDSS). EQM Electronic – Architect/Engineering, Non-Quick For …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi7b-repayment-agreementsComparison of ERS Benefits
… is a comparison of Employees’ Retirement System (ERS) benefits by tier. Tiers 3 & 4 Tier 5 Tier 6 Membership Dates Tier 3: July 27, 1976 through …
https://www.osc.ny.gov/retirement/employers/comparison-ers-benefitsReport File Transactions (File Upload) – Enhanced Reporting
… format guide . Transaction 1 (Biographical Information) A Transaction 1 (Biographical Information) row is only required when reporting a new employee for the first … employees are required to join NYSLRS and for others, membership is optional. Read our Mandatory Membership and …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/report-file-transactions-file-uploadArchived Publications
… 31, 2012 - 9/25/13 Fiscal Stress Drivers and Coping Strategies - 6/18/13 New Fiscal Realities Challenge Local …
https://www.osc.ny.gov/local-government/fiscal-monitoring/archived-publicationsCity of Yonkers – Budget Review (B17-6-10)
… in the City’s proposed budget for the 2017-18 fiscal year are reasonable. Background The City of Yonkers is … City to submit its proposed budgets for the next fiscal year to the State Comptroller and the Commissioner of …
https://www.osc.ny.gov/local-government/audits/city/2017/05/19/city-yonkers-budget-review-b17-6-10New York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
… in New York, which peaked at 16.2 percent in April 2020. Since then, New York’s unemployment rates have slowly but … people with disabilities were some of the best on record since 2009, declining to 8.8 percent. Nevertheless, this rate … 2020 November 12, 2020 October 28, 2020 October 14, 2020 September 30, 2020 September 16, 2020 September 2, 2020 …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021Village of Kaser - Refuse User Fees and Records (2018M-97)
… Determine whether the Village imposed refuse fees in excess of related expenditures and maintained appropriate …
https://www.osc.ny.gov/local-government/audits/village/2018/09/26/village-kaser-refuse-user-fees-and-records-2018m-97Fire District Information
… [pdf] What to Expect During a CPA Audit [pdf] Accounting LOSAP Audit and Disclosure Accounting Bulletin [pdf] … Report with OSC Length of Service Award Programs (LOSAP) Model Notes: Defined Contribution Programs [pdf] …
https://www.osc.ny.gov/local-government/resources/fire-district-information