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Laurens Central School District – Budgeting and Reserves (2013M-135)

… Purpose of Audit The purpose of our audit was to review the District’s … July 1, 2011, to March 7, 2013. Background The Laurens School District is located in Otsego County. The District is … of spending down the District’s accumulated surplus by an average of 248,000 annually, as the Board had planned, the …

https://www.osc.ny.gov/local-government/audits/school-district/2013/09/20/laurens-central-school-district-budgeting-and-reserves-2013m-135

King Center Charter School – Purchasing (2013M-215)

… Background The King Center Charter School was established in 2000 as the first charter school to open in the City of Buffalo. The School is governed by a Board of … any amendments or change orders and document such action in the minutes of its proceedings. … King Center Charter …

https://www.osc.ny.gov/local-government/audits/school-district/2013/10/25/king-center-charter-school-purchasing-2013m-215

Oysterponds Union Free School District – Financial Management, Check Signing and Information Technology

… The District’s expenditures for the 2012-13 fiscal year totaled $5.4 million. Key Findings The Board needs to … the Board appropriated unexpended surplus funds each year to help finance the ensuing year’s operations. However, because of the District’s …

https://www.osc.ny.gov/local-government/audits/school-district/2014/03/28/oysterponds-union-free-school-district-financial-management-check-signing

North Greenbush Common School District – Budgeting (2016M-112)

… Rensselaer County. The District, which operates one school with approximately 20 students from kindergarten through … unrestricted fund balance so that it is in compliance with Real Property Tax Law statutory limits and the Board’s …

https://www.osc.ny.gov/local-government/audits/school-district/2016/06/24/north-greenbush-common-school-district-budgeting-2016m-112

DiNapoli: State Pension Fund Valued at $254.1 Billion at End of First Quarter

… and real assets (13.39%) and credit, absolute return strategies, and opportunistic alternatives (6.33%). The …

https://www.osc.ny.gov/press/releases/2023/08/dinapoli-state-pension-fund-valued-2541-billion-end-first-quarter

Fund Financial Data – 2023 Financial Condition Report

… is the amount of funds available at the end of the fiscal year. The operating result is the amount the fund balance increased or decreased during the year. General Fund Balance (GAAP Basis) Increases From Prior Year At the end of State Fiscal Year (SFY) 2022-23, the …

https://www.osc.ny.gov/reports/finance/2023-fcr/fund-financial-data

DiNapoli: Local Sales Tax Collections Grew by 14% in October

… of Taxation and Finance. In the third month of each calendar year quarter, these distributions are adjusted …

https://www.osc.ny.gov/press/releases/2022/11/dinapoli-local-sales-tax-collections-grew-14-october

Hadley-Luzerne Central School District – Financial Condition (2012M-188)

… abolishing positions, outsourcing services or sharing them with other districts, and saving money on energy costs. Given … Recommendations Prepare budgets that keep revenues in line with expenditures. Adopt a policy for the use of fund …

https://www.osc.ny.gov/local-government/audits/school-district/2013/01/25/hadley-luzerne-central-school-district-financial-condition-2012m-188

Town of Champion – Information Technology (2014M-130)

… network for the period January 1, 2012 through December 31, 2013. Background The Town of Champion is located in … network for the period January 1 2012 through December 31 2013 …

https://www.osc.ny.gov/local-government/audits/town/2014/07/11/town-champion-information-technology-2014m-130

Town of Caledonia – Financial Management (2013M-363)

… estimates for revenues, expenditures and appropriated fund balance. The Supervisor did not provide each Board … of revenues and expenditures, and appropriation of fund balance only in amounts that are available and necessary to fund operations. Provide the individual Board members with …

https://www.osc.ny.gov/local-government/audits/town/2014/03/28/town-caledonia-financial-management-2013m-363

Delaware County – Court and Trust Funds (2022-C&T-2)

… filed to ensure payment for contracted services rendered on the property 3 When the whereabouts of any person entitled …

https://www.osc.ny.gov/local-government/audits/county/2022/07/22/delaware-county-court-and-trust-funds-2022-ct-2

XI.1 Procurement and Contract Management Overview and Policies – XI. Procurement and Contract Management

… and requirements applicable to the New York State procurement process, and guidance to State contracting … approval. Who this Chapter is for: State purchasing and procurement professionals vendors contractors Topics … agencies in managing and monitoring active contracts Procurement and purchasing requirements including procurement …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi1-procurement-contract-management-overview-policies

XI.2.G Submission and Retention of Bids/Proposals – XI. Procurement and Contract Management

… information. The Office of the State Comptroller (OSC) in most cases does not require the submission of all … those of the unsuccessful vendors, must be included in the procurement record submitted to OSC. If an RFP is used …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2g-submission-and-retention-bidsproposals

State Agencies Bulletin No. 2296

… State Deferred Compensation Plan for the calendar year 2025 Background: Pursuant to IRS IR-2024-285, released on … for employees aged 50 and over remains at $7,500 for 2025 for a combined maximum contribution limit of $31,000 in … questions regarding annual and applicable catch-up limits, may be directed to the New York State Deferred Compensation …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2296-deferred-compensation-maximum-contributions-limits-calendar-year-2025

IX.10.C Federal Treasury Offset Program (TOP) Agency Responsibilities – IX. Federal Grants

… Immediately upon receipt of an invoice for goods or services provided by a federal government agency, or other notification that a state agency owes money to a … effort to make payment to the federal government promptly or contest the billing. If a notice of unpaid debt is …

https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix10c-federal-treasury-offset-program-top-agency-responsibilities

CVS Caremark – Accuracy of Empire Plan Commercial Rebate Revenue Remitted to the Department of Civil Service

… rebate revenue to the Department of Civil Service for prescription drugs provided under the Empire Plan. The … The Empire Plan is the primary health benefits plan for NYSHIP, covering over 1 million members. Since 2014, … Empire Plan commercial drug rebates (rebates exclusive of Medicare Part D rebates). Key Findings We reviewed rebate …

https://www.osc.ny.gov/state-agencies/audits/2025/03/18/cvs-caremark-accuracy-empire-plan-commercial-rebate-revenue-remitted-department-civil

Richford Fire District – Long-Term Planning and Board Oversight (2024M-55)

… Ensure the annual financial reports (AFR) were filed in accordance with New York State General Municipal Law (GML) … it used to make financial decisions were inaccurate. In addition, three of the five Commissioners did not comply … 176-e which required them to complete fiscal training in a timely manner, and while not required, the Treasurer had …

https://www.osc.ny.gov/local-government/audits/fire-district/2024/09/06/richford-fire-district-long-term-planning-and-board-oversight-2024m-55

DiNapoli Issues Fiscal Stress Scores For Upstate Cities

… districts in New York. “Since implementing the system last year, we have evaluated the fiscal condition of nearly 2,300 … communities and uses financial indicators that include year-end fund balance, cash position and patterns of … stress scores for 15 cities and villages with fiscal year ends that range from March 31 to July 31 announced today …

https://www.osc.ny.gov/press/releases/2014/05/dinapoli-issues-fiscal-stress-scores-upstate-cities