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Lancaster Central School District – Financial Condition (2016M-101)
… balance for each of the reserves will be determined or when these funds will be used or replenished. Key Recommendations Develop realistic …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/15/lancaster-central-school-district-financial-condition-2016m-101XIII.10 Overview – XIII. Employee Expense Reimbursement
… Agencies with guidance on how to process a refund owed to the State by an employee using the Statewide Financial System (SFS). Situations where an employee owes a refund to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii10-overviewXII.6.E Making an Emergency Payment – XII. Expenditures
… Business Unit is seeking a waiver from advertising in the New York State Contract Reporter, OSC must approve the … and/or if seeking an exemption from advertising in the New York State Contract Reporter. Create a single payment … voucher for payment electronically into the SFS. Add the new vendor to the Statewide Vendor File. See Chapter X, …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6e-making-emergency-paymentTown of Attica – Payments to Not-for-Profit Organizations (2021M-125)
… payments Town of Attica (Town) officials made to not-for-profit organizations were for appropriate purposes and were properly approved and … Key Findings The payments Town officials made to not-for-profit organizations were not always for appropriate …
https://www.osc.ny.gov/local-government/audits/town/2021/12/17/town-attica-payments-not-profit-organizations-2021m-125Exxon's Investors Call for Meaningful Climate Risk Plan
… New York State Common Retirement Fund is the third largest public pension fund in the United States, with an estimated … beneficiaries. The Fund has a diversified portfolio of public and private equities, fixed income, real estate and …
https://www.osc.ny.gov/press/releases/2017/04/exxons-investors-call-meaningful-climate-risk-planROA Result Calculator – Reporting Elected and Appointed Officials
… Use this calculator to determine the ROA result (average number of days worked per month) for an elected or appointed official. You must list the ROA result on a Standard Work Day and Reporting Resolution …
https://www.osc.ny.gov/retirement/employers/reporting-ea-officials/roa-result-calculatorAbout Offering a Retirement Plan – What Every Employer Should Know
… Why offer a Retirement System plan to your employees? Being part of … can be assured of a lifetime benefit during their retirement years. Defined benefit plans, which pay benefits based on a preset formula, differ …
https://www.osc.ny.gov/retirement/employers/partnership/about-offering-retirement-planFactors Affecting an Employer’s Annual Payment – What Every Employer Should Know
… to offer improved retirement plans or optional benefits (for example, a one-year final average earnings for police officers and/or firefighters) to their employees. For example, if an employer chooses to provide a special plan …
https://www.osc.ny.gov/retirement/employers/partnership/factors-affecting-employers-annual-paymentLong-Term Expected Contribution Rates – What Every Employer Should Know
… Long-term expected contribution rates are the rates that would be realized if the Fund … can review long-term expected rates by retirement system, tier and plan by clicking on the Final Rates links provided …
https://www.osc.ny.gov/retirement/employers/partnership/long-term-expected-contribution-ratesUnclaimed Property Relating to Insurance Companies
Unclaimed property subject to Article VII of the Abandoned Property Law includes: Matured endowments, Life insurance proceeds when the insured reached the limit
https://www.osc.ny.gov/files/unclaimed-funds/reporters/pdf/insurance-companies.pdfPutnam Valley Central School District – Financial Condition (2016M-135)
… The Putnam Valley Central School District is located in the Town of Putnam Valley in Putnam and Westchester Counties. The District, which … taxes to pay retirement, tax certiorari and liability claim expenditures from the annual operating budget. When …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/putnam-valley-central-school-district-financial-condition-2016m-135State Agencies Bulletin No. 1287
… same-sex spouse’s health coverage and of the potential tax impact for non-residents of New York State. Affected … health coverage by NYS to be taxable as imputed income for federal tax purposes, regardless of where the taxpayer now … the value of such health coverage will not be reported on Form W-2s. If the spouse resides (for tax purposes) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1287-changes-taxation-imputed-incomeLocal Sales Tax Collections up 10.2% in Third Quarter of 2022
… sales tax collections grew by 10.2% in the third quarter of 2022 compared to the same period last year, mostly driven … tax collections reached nearly $5.7 billion, an increase of $529 million, according to a report released today by New … keep pace with inflation for counties and cities outside of New York City. “New York City’s sales tax growth in the …
https://www.osc.ny.gov/press/releases/2022/10/local-sales-tax-collections-up-10-point-2-percent-in-third-quarter-2022Lakeville No. 2 Fire District – Oversight of Financial Operations (2013M-25)
… purpose of our audit was to assess the oversight of the District’s financial operations for the period January 1, … to December 27, 2012. Background The Lakeville No. 2 Fire District is a district corporation of the State, distinct and separate from …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/05/17/lakeville-no-2-fire-district-oversight-financial-operations-2013m-25Town of Riverhead – Allocation of Administrative Costs (2012M-247)
… Purpose of Audit The purpose of our audit was to evaluate the Town’s methodology for allocating … administrative costs for the period January 1, 2011, to September 30, 2012. Background The Town of Riverhead is … by some Town operations funded by the general fund to other departments and districts accounted for in other …
https://www.osc.ny.gov/local-government/audits/town/2013/03/01/town-riverhead-allocation-administrative-costs-2012m-247DiNapoli Proposal Would Provide More Accountability for Personal Income Tax Check-Off Funds
… would require the entities administering tax check off funds to improve efforts to spend dedicated contributions … these challenges. My bill will help make sure these funds are being put to good use in a timely manner.” … found that over the previous five years, receipts for the funds reached $12 million, while expenditures were only $5.1 …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-proposal-would-provide-more-accountability-personal-income-tax-check-fundsTown of Parish - Financial Condition and Supervisor's Records (2019M-58)
Determine whether the Board adequately managed the Town’s financial condition and received accurate financial reports to help it do so.
https://www.osc.ny.gov/files/local-government/audits/pdf/parish-58.pdfVillage of Port Dickinson – Financial Condition (2014M-154)
… Purpose of Audit The purpose of our audit was to assess the Village’s financial condition and budget procedures for the general and sewer funds for the period June 1, 2012 …
https://www.osc.ny.gov/local-government/audits/village/2014/08/29/village-port-dickinson-financial-condition-2014m-154DiNapoli Urges NYC to Shore Up Rainy-Day Fund
… Thomas P. DiNapoli urged New York City officials to better prepare for financial downturns by evaluating the … city’s rainy-day reserve fund, establishing targets for how much should go into the fund each year and setting the … the use of these funds, called on the city to define how these resources are accumulated and used. “Setting aside …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundSelected State Agencies’ Roles in Financial Literacy
… which is responsible for posting the information on its website. The law required all agencies and authorities to … don’t use this information – or communicate it to partners where applicable – to identify potential strengths, … literacy offerings and share this information with partners as considered appropriate. To SUNY: In coordination …
https://www.osc.ny.gov/state-agencies/audits/2022/09/14/selected-state-agencies-roles-financial-literacy