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State Agencies Bulletin No. 1113
… from $16,500 to $17,000. The Deferred Compensation “Retirement Catch-Up” provision, available to employees in each of the last three years prior to normal retirement age, has been increased to $17,000, for a combined … 2012. However, employees cannot choose to have both the “Retirement Catch-Up” and the “50 and Over Catch-Up” …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1113-deferred-compensation-maximum-contribution-limits-calendar-year-2012State Agencies Bulletin No. 1368
… of the maximum contribution limits for employees enrolled in the Deferred Compensation Plan for calendar year 2015. Affected Employees Employees enrolled in the Deferred Compensation Plan Effective Date(s) … “Retirement Catch-Up” provision, available to employees in each of the last three years prior to normal retirement …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1368-deferred-compensation-maximum-contribution-limits-calendar-year-2015Hamilton Fulton Montgomery Board of Cooperative Educational Services – Investment Program (2023M-116)
… flow forecasts to monitor and estimate funds available for investment. Key Recommendations Adopt a comprehensive …
https://www.osc.ny.gov/local-government/audits/boces/2023/12/22/hamilton-fulton-montgomery-board-cooperative-educational-services-investmentVillage of Malverne – Procurement (2017M-16)
… goods and services to be purchased before authorization from the Clerk-Treasurer, which resulted in confirming POs …
https://www.osc.ny.gov/local-government/audits/village/2017/04/07/village-malverne-procurement-2017m-16Hamlin Morton Walker Fire District – Financial Management (2023M-67)
… balance and reserves. Adopt realistic budgets that include all anticipated revenues and planned expenditures. Amend the …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/08/18/hamlin-morton-walker-fire-district-financial-management-2023m-67Fort Hunter Fire District – Capital Reserve Funds (2022M-202)
… to exercise its rights as provided in General Municipal Law. As of August 31, 2022, the three capital reserve funds … capital reserve fund in accordance with General Municipal Law. Develop a multiyear capital plan that includes the use … capital reserve funds in compliance with General Municipal Law. Develop a multiyear capital plan that includes the use …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/05/26/fort-hunter-fire-district-capital-reserve-funds-2022m-202Upper Jay Fire District – Board Oversight (2023M-24)
… District financial activities, which hindered its ability to monitor financial operations and increased the risk that … Treasurer's 2021 records. While the Treasurer is required to sign all checks, she signed six (2 percent) of the 247 … and have initiated, or indicated they planned to initiate, corrective action. … audit fire district Upper …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/05/26/upper-jay-fire-district-board-oversight-2023m-24Town of Greig – Long-Term Planning (2023M-13)
… (Board) established long-term plans and financial policies to manage the Town’s finances. Key Findings The Board did not … policies. As a result, the Board lacks important tools to project current and future operating and capital needs and … lack of properly functioning highway equipment contributed to the Town being unable to use more than $73,000 of …
https://www.osc.ny.gov/local-government/audits/town/2023/05/19/town-greig-long-term-planning-2023m-13Village of Odessa – Clerk-Treasurers' Records and Reports (2020M-11)
… an additional 392 . 54 days worked to the New York State and Local Retirement System (NYSLRS). Key …
https://www.osc.ny.gov/local-government/audits/village/2023/06/16/village-odessa-clerk-treasurers-records-and-reports-2020m-11City of Long Beach – Budget Review (B23-7-3)
… deficit in the City’s general fund and certain other funds as of June 30, 2012. Local Finance Law requires all municipalities that have been … above the legal limit. The City Council has adopted a local law authorizing an override of the tax levy limit. City …
https://www.osc.ny.gov/local-government/audits/city/2023/05/05/city-long-beach-budget-review-b23-7-3Baldwinsville Central School District – Fuel Inventory (2022M-106)
… secured. Key Recommendations Establish a control system that safeguards the District’s fuel from loss and …
https://www.osc.ny.gov/local-government/audits/school-district/2022/10/14/baldwinsville-central-school-district-fuel-inventory-2022m-106Norfolk Fire District – Board Oversight (2022M-109)
… The Board did not audit and approve all claims prior to payment, annually audit the Treasurer’s records and ensure … totaling approximately $54,000 were improperly paid prior to the Board’s audit and approval. Also, six claims totaling … adequately supported and/or the District had no authority to make the payments. The Treasurer has not filed the …
https://www.osc.ny.gov/local-government/audits/fire-district/2022/09/30/norfolk-fire-district-board-oversight-2022m-109State Agencies Bulletin No. 1216
… Purpose To notify agencies of increases in the maximum contribution limits for employees … Catch-Up” provision, available to employees in each of the last three years prior to normal retirement age, has … total contribution of $35,000 for calendar year 2013. An additional deferment is available to employees age 50 and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1216-deferred-compensation-maximum-contribution-limits-calendar-year-2013West Islip Union Free School District – Financial Management (2022M-40)
… West Islip Union Free School District’s (District) Board of Education (Board) reasonably and transparently managed … Board and officials’ budgeting practices and management of fund balance and reserves resulted in levying more taxes … the West Islip Union Free School Districts District Board of Education Board reasonably and transparently managed fund …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/08/west-islip-union-free-school-district-financial-management-2022m-40Village of Hewlett Bay Park – Financial Management (2022M-30)
… fund balance level. Village officials generally agreed with our findings and indicated they have begun to initiate …
https://www.osc.ny.gov/local-government/audits/village/2022/06/17/village-hewlett-bay-park-financial-management-2022m-30Corning City School District – Claims Auditing (2023M-105)
… determined that: The claims auditor, who is an employee of the Greater Southern Tier Board of Cooperative Educational Services (GST BOCES), … claims auditor’s objectivity and independence. The Board of Education (Board) should have audited these claims. The …
https://www.osc.ny.gov/local-government/audits/school-district/2023/11/10/corning-city-school-district-claims-auditing-2023m-105Middle Country Central School District – Extra-Classroom Activity Funds (2022M-160)
… detection . It also compromises the Board’s ability to monitor the financial operations of the ECA clubs. The …
https://www.osc.ny.gov/local-government/audits/school-district/2023/03/17/middle-country-central-school-district-extra-classroom-activity-fundsVillage of Clinton – Financial Management (2014M-316)
… Purpose of Audit The purpose of our audit was to determine if the Board provided adequate oversight of the Village’s financial operations and the …
https://www.osc.ny.gov/local-government/audits/village/2015/01/02/village-clinton-financial-management-2014m-316State Agencies Bulletin No. 772
… of the maximum contribution limits for employees enrolled in the Deferred Compensation Plan for calendar year 2008, … The Deferred Compensation “Retirement Catch-Up” provision, available to employees in each of the last three years prior … $31,000 for calendar year 2008. An additional deferment is available to employees age 50 and over. These employees can …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/772-maximum-deferred-compensation-contribution-limits-calendar-year-2008State Agencies Bulletin No. 1291
… of the maximum contribution limits for employees enrolled in the Deferred Compensation Plan for calendar year 2014. Affected Employees Employees enrolled in the Deferred Compensation Plan Effective Date(s) … “Retirement Catch-Up” provision, available to employees in each of the last three years prior to normal retirement …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1291-deferred-compensation-maximum-contribution-limits-calendar-year-2014