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Cost-Saving Ideas: Legal Requirements
… corporation pursuant to a municipal cooperation agreement. Banking Law Section 107-a requires a bank or trust company to … certain conditions. Additional statutes that relate to banking include: GML Section 5-a authorizes local government … for designation of a banking development district. Capital Planning for Local Governments and School Districts General …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirementsOffice for People With Developmental Disabilities Fuel Card
… Background Certain Metro staff are responsible for driving fleet vehicles to transport people with developmental …
https://www.osc.ny.gov/state-agencies/audits/2019/04/10/office-people-developmental-disabilities-fuel-cardLocation Service Providers
… claims or returning funds. If you are interested in becoming an “Abandoned Property Location Service Provider” in New York State, or if you have been contacted by someone …
https://www.osc.ny.gov/unclaimed-funds/resources/location-service-providersDiNapoli: Former Tax Collector Accused of Pocketing $88,000 for Car Loans, Amazon Purchases, Food and Other Expenses
… Thomas P. DiNapoli today announced the arrest of Jennifer Colucci, 41, of Hopewell Junction, N.Y., for … to deal with the economic impact of the pandemic, Jennifer Colucci allegedly used taxpayer dollars to fund her … Thomas P DiNapoli today announced the arrest of Jennifer Colucci 41 of Hopewell Junction NY for allegedly …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-former-tax-collector-accused-pocketing-88000-car-loans-amazon-purchases-food-and-otherAmortization Schedules and Payoffs – Contribution Stabilization Program
… If you participate in the CSP, you can view the payment schedules of any outstanding … interest rate, payment amount and payment schedule. You can save on interest costs by paying off amortizations ahead … pay off an amortization, please notify us in advance so we can identify your payment and post it to the proper …
https://www.osc.ny.gov/retirement/employers/csp/amortization-schedules-and-payoffsOpinion 90-36
… in this case, has no authority to receive the post payable checks of ... the plaintiffs' agent . (18 Hun, at … ... shall be included on whatever list of delinquent accounts is prepared for the enforcement of the lien" (see … with a check, which is a draft drawn on a bank and payable on demand (Uniform Commercial Code [UCC], …
https://www.osc.ny.gov/legal-opinions/opinion-90-36Opinion 88-65
… AND ASSESSMENTS -- Payments (issuance of tax receipts when taxes are paid by mortgagee) REAL PROPERTY TAX LAW, §986(1)(3): … officers must provide tax receipts to mortgagee banks when taxes are paid from an escrow account. Prior opinions, … whom a town collecting officer must provide a tax receipt when taxes are paid from a mortgage escrow account …
https://www.osc.ny.gov/legal-opinions/opinion-88-65Annual Financial Report
… Report (AFR) Bond Repayment Schedule [Interactive Guide] Bank Reconciliation Schedule Bank Reconciliation Schedule Instructional Video Description … Length This tutorial demonstrates how to complete the Bank Reconciliation schedule and resolve triggered validation …
https://www.osc.ny.gov/local-government/required-reporting/annual-financial-reportState Agencies Bulletin No. 1745
… for, the agency must terminate the retirement plan (Main Menu > Benefits > Enroll In Benefits > Retirement Plans) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1745-payserv-updates-resulting-new-york-state-and-local-retirement-systemDiNapoli Releases Interactive Map of Local Census Results
… New York State Comptroller Thomas P. DiNapoli today released a report tracking New York’s local demographic … New York State Comptroller Thomas P DiNapoli today released a report tracking New Yorks local demographic …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-releases-interactive-map-local-census-resultsComptroller DiNapoli Releases Municipal Audits
… P. DiNapoli today announced his office completed audits of the Ballston Area Recreation Commission , Longwood Public … collected from each program and did not maintain records of sales or make regular bank deposits for money collected … (Oneida County) The authority monitors the amount of water produced and compares the production to the amount …
https://www.osc.ny.gov/press/releases/2016/02/comptroller-dinapoli-releases-municipal-audits-0Connetquot Public Library – Cash Disbursements (2017M-125)
… Recommendations Ensure the Treasurer maintains custodial control over the Library’s bank accounts, and limit signatory rights on the bank accounts. Establish a … are prepared and approved in advance of any purchase and limit the use of confirming POs to emergency situations. …
https://www.osc.ny.gov/local-government/audits/library/2017/09/29/connetquot-public-library-cash-disbursements-2017m-125Crittenden Volunteer Fire Department, Inc. – Internal Controls Over Financial Operations (2015M-190)
… oversight of the Department’s financial operations for the period January 1, 2014 through April 6, 2015. … organization that provides fire protection services for the residents of the Town of Alden in Erie County, … or monitor the financial activities and documentation for the daily lottery account. Key Recommendations Verify …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2015/12/18/crittenden-volunteer-fire-department-inc-internal-controlsCopenhagen Fire Department – Controls Over Financial Activities (2015M-270)
… recorded and reported and that money was safeguarded for the period January 1, 2014 through July 31, 2015. … of Directors. Expenditures for 2014 totaled $171,620. Key Findings The Board has not established an effective … Provide oversight including a review of the Department’s bank statements, canceled checks, monthly bank …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2015/12/18/copenhagen-fire-department-controls-over-financial-activitiesRed Creek Protective Fire Company, Inc. – Controls Over Financial Activities (2014M-271)
… and reported and that Company moneys were safeguarded for the period January 1, 2012 through December 31, 2013. … and reported expenses totaling approximately $33,500 for the 2013 fiscal year. Key Findings The Treasurer does not … cash receipts journal and retain supporting documentation for all cash receipts and disbursements. …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2015/01/09/red-creek-protective-fire-company-inc-controls-over-financialTown of Cameron – Justice Court and Town Supervisor’s Records and Reports (2015M-17)
… June 19, 2014. Background The Town of Cameron is located in Steuben County and has a population of approximately 945. The Town is governed by an … the Justice Court. Court records show that nearly $29,000 in fines, fees, surcharges, bail and restitution was …
https://www.osc.ny.gov/local-government/audits/justice-court/2017/11/20/town-cameron-justice-court-and-town-supervisors-records-and-reports-2015mTown of Summit – Town Clerk (2024M-51)
… the Clerk to remit fees collected on or before the 15th of the month following the date of collection. Did not …
https://www.osc.ny.gov/local-government/audits/town/2024/08/16/town-summit-town-clerk-2024m-51Crown Point Fire District – Board Oversight (2024M-29)
… adequately oversaw the District’s financial operations. Key Findings The Board did not adequately oversee the … District’s financial operations are adequately accounted for and reported. For the 24 months reviewed, the Board did … for three months; cash balances for two months; and bank reconciliations, bank statements and cancelled check …
https://www.osc.ny.gov/local-government/audits/fire-district/2024/05/31/crown-point-fire-district-board-oversight-2024m-29Town of Bergen – Town Supervisor (2024M-30)
… annually submit sufficient accounting records to the Board for audit and while he filed the AFR in a timely manner, it … provide sufficient accounting records to the Board for audit. Compare accounting records with monthly bank reconciliations. Obtain timely reimbursement for Library payroll expenditures. Town officials disagreed …
https://www.osc.ny.gov/local-government/audits/town/2024/06/14/town-bergen-town-supervisor-2024m-30Canajoharie Volunteer Fire Department – Financial Activities (2023M-135)
… bank reconciliations to confirm the Department’s recorded cash balances agree with the bank’s records. Adequate cash collection controls were not established and 48 deposits …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2024/02/23/canajoharie-volunteer-fire-department-financial-activities