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State Agencies Bulletin No. 2227
… impact to the upcoming paycheck distribution and release of direct deposit funds and advices should the NYS … government is enacted. Note: Some financial institutions release direct deposit funds one or two business days prior … of the New York State Comptroller (ny.gov) . This early release of funds may be impacted by the timing of OSC’s …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2227-paycheck-distribution-and-release-direct-deposit-funds-preparationState Agencies Bulletin No. 2420
… impact to the upcoming paycheck distribution and release of direct deposit funds and advices should the NYS … government is enacted. Note: Some financial institutions release direct deposit funds one or two business days prior … of the New York State Comptroller (ny.gov) . This early release of funds may be impacted by the timing of OSC’s …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2420-paycheck-distribution-and-release-direct-deposit-funds-preparationState Agencies Bulletin No. 2328
… impact to the upcoming paycheck distribution and release of direct deposit funds and advices should the NYS … government is enacted. Note: Some financial institutions release direct deposit funds one or two business days prior … of the New York State Comptroller (ny.gov) . This early release of funds may be impacted by the timing of OSC’s …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2328-paycheck-distribution-and-release-direct-deposit-funds-preparationCity of Amsterdam - Budget Review (B22-5-3)
… the City’s proposed budget for 2022-23. Background Chapter 531 of the Laws of 2019 authorizes the City to issue debt not …
https://www.osc.ny.gov/local-government/audits/city/2022/04/27/city-amsterdam-budget-review-b22-5-3NY State Comptroller Announces Appointment of Emerging Managers Director
… Thomas P. DiNapoli today announced the appointment of Sylvester (Sly) McClearn as director of the New York State Common Retirement Fund’s … Thomas P DiNapoli today announced the appointment of Sylvester Sly McClearn as director of the New York State Common Retirement Funds Fund …
https://www.osc.ny.gov/press/releases/2024/02/ny-state-comptroller-announces-appointment-emerging-managers-directorState Agencies Bulletin No. 422.2
… Bulletin Supersedes Payroll Bulletin No. 422.1 Purpose: The purpose of this Bulletin is to notify agencies of the procedures to be used when requesting a direct deposit reversal. Affected … The purpose of this Bulletin is to notify agencies of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/4222-revised-direct-deposit-delete-and-reversalsDiNapoli Releases January State Cash Report
… New York state collected $126.6 billion in receipts from April through January, which was … with a balance of $13.8 billion, which was nearly $1.6 billion higher than January projections and nearly $3.4 billion (33 percent) higher than last January 31. Much of this balance …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-january-state-cash-reportDiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
… retirees and beneficiaries. Over the last 20 years, 80 percent of benefits have been funded from investment … returns. The long-term expected rate of return, or benchmark, is 7.5 percent, which is the rate that allows the …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionXII.9.F Correcting Payments Processed Against the Incorrect Purchase Order – XII. Expenditures
… and then liquidate against the purchase order through the voucher process. As a result, correcting payments made … Business Unit must correct the accounting by processing a voucher with two separate transactions netting to zero, as follows: Process a credit memo voucher in the amount of the original payment referencing the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii9f-correcting-payments-processed-against-incorrect-purchase-orderTown of Reading – Financial Management (2013M-217)
… procedures to govern the level of unexpended surplus funds to be maintained. Additionally, the Board has no policy … excessive fund balances in the town outside-village funds, 115 percent in the general fund and 93 percent in the … year’s appropriations. The Town comingled cash for various funds but did not account for cash separately by fund until …
https://www.osc.ny.gov/local-government/audits/town/2014/02/21/town-reading-financial-management-2013m-217Town of Hopewell – Fund Balance and Budget Monitoring (2013M-231)
… 30, 2013. Background The Town of Hopewell is located in Ontario County. The Town is governed by the Town Board, which … operating funds include the general fund, highway fund and water fund. For the 2012 fiscal year, expenditures from those … the Town’s long-term operational and capital needs. The water fund has retained excessive amounts of unexpended …
https://www.osc.ny.gov/local-government/audits/town/2014/01/10/town-hopewell-fund-balance-and-budget-monitoring-2013m-231NYS Common Retirement Fund Announces Second Quarter Results
… public equities. The remaining Fund assets by allocation are invested in cash, bonds and mortgages (26.7 …
https://www.osc.ny.gov/press/releases/2016/11/nys-common-retirement-fund-announces-second-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2021-22 was 1.15% for the three-month … period ending Sept. 30, 2021, according to New York State Comptroller Thomas P. DiNapoli. It ended the quarter …
https://www.osc.ny.gov/press/releases/2021/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli Orders Divestment of Russia Holdings
… in Russian companies.” Securities covered by the restriction are to be sold in a prudent manner and timeframe, …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-orders-divestment-russia-holdingsNYS Common Retirement Fund Reports First Quarter Results
… return in the first quarter of the State Fiscal Year (SFY) 2021-22 was 5.82% for the three-month period ending June 30, 2021, according to New York State Comptroller Thomas P. … quarter. Its audited value as of fiscal year end March 31, 2021 was $258.1 billion and the annual return was 33.55%. As …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-resultsTown of Canajoharie – Budgeting and Allocating Sales Tax Revenue (2021M-204)
… (Town) officials properly budget for and allocate sales tax revenue. Key Findings Town officials did not properly budget for and allocate sales tax revenue. As a result, Town taxpayers residing … not receive all the benefit they should have from County sales tax distributions. The Town Board (Board) …
https://www.osc.ny.gov/local-government/audits/town/2022/03/04/town-canajoharie-budgeting-and-allocating-sales-tax-revenue-2021m-204Village of Solvay – Financial Management (2023M-49)
… (Board) and officials monitored budgets and managed the electric fund’s financial condition. Key Findings The Board … and Village officials did not develop a budget for the electric fund and adequately manage its financial condition. From 2016-17 through 2020-21, the electric fund’s total net assets declined by approximately $9 …
https://www.osc.ny.gov/local-government/audits/village/2023/07/14/village-solvay-financial-management-2023m-49Town of Plymouth – Board Oversight (2016M-190)
… March 31, 2016. Background The Town of Plymouth is located in Chenango County and serves approximately 1,800 residents. …
https://www.osc.ny.gov/local-government/audits/town/2016/08/26/town-plymouth-board-oversight-2016m-190Town of Cincinnatus – Financial Operations (2016M-238)
… for the general, highway, water and lighting funds total $656,407 for 2016. Key Findings The Board has not … completed for the departments that received or disbursed funds. Key Recommendations Annually review and update the … Town officials and employees who receive or disburse Town funds are audited annually. …
https://www.osc.ny.gov/local-government/audits/town/2016/10/28/town-cincinnatus-financial-operations-2016m-238Village of East Rockaway – Justice Court Operations (2017M-206)
… 1, 2015 through May 31, 2017. Background The Village of East Rockaway is located in the Town of Hempstead in Nassau … Village of East Rockaway Justice Court Operations 2017M206 …
https://www.osc.ny.gov/local-government/audits/justice-court/2017/12/15/village-east-rockaway-justice-court-operations-2017m-206