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Management of Cash and Investments
… area. The MTA is governed by a Board of Directors, whose 23 members are appointed by the Governor and confirmed by the … needs. We identified $92.1 million maintained in funds and bank accounts that could have been factored into the … MTA operational and/or capital needs. Monitor daily bank account balances to ensure that proper amounts are being …
https://www.osc.ny.gov/state-agencies/audits/2013/02/13/management-cash-and-investmentsSchool Districts’ Energy Performance Contracts (2015-MR-1)
… [pdf] , Middle Country Central School District [pdf] , and Sachem Central School District [pdf] . Purpose of Audit … The purpose of our audit was to review the projected cost and/or energy savings achieved by the energy performance … revenues. The ESCO guarantees energy consumption savings and/or cost savings over the life of the EPC. The five school …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/06/school-districts-energy-performance-contracts-2015-mr-1Town of Sidney – Budget Review (B4-13-19)
… was to determine whether the significant revenue and expenditure projections in the Town’s preliminary budget for … on the results of our review, we found that revenue and expenditure projections in the proposed budget are reasonable. The Town is currently reporting accounts payable in the Hospital fund that are …
https://www.osc.ny.gov/local-government/audits/town/2013/11/05/town-sidney-budget-review-b4-13-19XII.7.A Responding to Voucher and Expense Report Audit Questions – XII. Expenditures
… SECTION OVERVIEW AND POLICIES The Bureau of State Expenditures’ (Bureau) auditors may need additional … response to the Bureau’s request may cause New York State to incur unnecessary interest costs. Guide to Financial … The Bureau of State Expenditures Bureau auditors may need additional …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii7a-responding-voucher-and-expense-report-audit-questionsVII.10.A Cash Advance Overview – VII. State Revenues and Appropriated Loan Receivables
… the State Finance Law authorizes the establishment of cash advance accounts. The moneys are to be used in accordance … a complete system of internal controls governing advance accounts; Proper documentation for all advance account disbursements; Monthly reconciliation of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10a-cash-advance-overviewAdministration of the CityFHEPS Program for Department of Homeless Services Shelter Residents
… Objective To determine whether the New York City Department of Social Services is administering … the Welfare Management System, the system of record for various social services programs in New York. For … Households who are identified from the match are issued a letter, otherwise known as “Shopping Letters,” enabling them …
https://www.osc.ny.gov/state-agencies/audits/2024/10/30/administration-cityfheps-program-department-homeless-services-shelter-residentsYour Membership Tier – State Police Plan
… When you join PFRS, you are assigned a tier depending on your date of membership. You are in: If you joined: Tier 1 Before July 31, 1973 Tier 2 July 31, 1973, through June 30, 2009 Tier 3 July 1, … State Police Plan information for PFRS Tier 2 5 and 6 members under Sections 381b Tier Status …
https://www.osc.ny.gov/retirement/publications/1518/your-membership-tierLetchworth Central School District - Reserves (2018M-176)
… funding levels resulting in overfunded reserves that are not used. Five reserve funds totaling $3.5 million are overfunded. Key Recommendations Adopt a more … policy and review reserves to determine whether they are necessary and balances are reasonable. Use excess amounts …
https://www.osc.ny.gov/local-government/audits/school-district/2019/01/18/letchworth-central-school-district-reserves-2018m-176En-Con Police Disability – En-Con Police Officers Plan
… Eligibility You would be entitled to this disability benefit if, at the time of filing, you are: Under … willful negligence, regardless of your years of service. (For a disability not sustained in service, you must have at … you must apply within 90 days of the discontinuance. For this benefit, “service” is when you are: On the payroll; …
https://www.osc.ny.gov/retirement/publications/1822/en-con-police-disabilityResponsibility for IT Internal Controls – Information Technology Governance
… and monitoring IT internal controls. An important way that governing boards fulfill their oversight … board’s questions might be directed to the CEO, IT manager, department head(s) or an IT vendor. Asking the right questions is not only an effective way to exercise oversight, it can be done at little or no …
https://www.osc.ny.gov/local-government/publications/it-governance/responsibility-it-internal-controlsXV.4.A Reconciling Prior Fiscal Year Credit Card Charges – XV. End of Year
… . Business Units must review and reconcile all credit card charges incurred prior to April 1 of the previous fiscal … greater than zero. Travel Card Run the Travel Card Aging Report in SFS, and ensure all charges incurred prior to April … fiscal year are reviewed, associated with an expense report, and submitted to OSC for approval. Although all …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv4a-reconciling-prior-fiscal-year-credit-card-chargesOperational Advisory No. 3
… reviewers and approvers are reminded that if any chart of account string value is changed in the review process, the … budget status prior to submittal to OSC. Changing chart of account values on vouchers will require waiting until the next scheduled execution of budget checking to ensure the changed values are valid. You are …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/3-budget-check-reminderTier Status – Article 14 Benefits
… When you join the Retirement System, you are assigned to a tier depending on your date of membership. You are a Tier 3 member covered by Article 14 if you joined the Police … 9, 2010, you did not elect to be covered by Article 22 (Tier 5) benefits and you: Elected coverage under your …
https://www.osc.ny.gov/retirement/publications/1644/tier-statusSpecial Disability Benefits – Special 20- and 25-Year Plans
… who are permanently disabled by certain types of cancer that include melanoma or a condition of cancer affecting the lymphatic, digestive, hematological, …
https://www.osc.ny.gov/retirement/publications/1517/special-disability-benefitsOrdinary Disability – Article 14 Benefits
… Comptroller. Your application must be submitted while you are in active service. If you are no longer in active service, you may be eligible if your … in active service. Active service is defined as: When you are on your employer’s payroll; or When you are on an …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilitySt. Lawrence-Lewis Board of Cooperative Educational Services – Capital Assets (2023M-99)
… assets. As a result, officials cannot ensure that assets are in BOCES’ possession and protected against loss or … to ensure accurate and up-to-date inventory records are maintained; assets are tagged; physical inventories are conducted and …
https://www.osc.ny.gov/local-government/audits/boces/2023/12/01/st-lawrence-lewis-board-cooperative-educational-services-capital-assets-2023m-99Mandatory Service Credit Purchase Payments – Enhanced Reporting
… Service credit purchase (SCP) payments for mandatory member … (or insufficient) contributions were made. If the member is in a contributory plan, they must purchase this service credit to avoid a reduction in their retirement … A NYSLRS members mandatory service credit purchase is covered under Section 414h and is …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/mandatory-service-credit-purchase-paymentsCarthage-Wilna Fire District – Internal Controls Over Financial Operations (2013M-191)
… supply trash pickup, health insurance, office supplies, auto parts, payroll accounting services, and fire-related …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/08/16/carthage-wilna-fire-district-internal-controls-over-financial-operationsDiNapoli: Limited Regulation of Adult Day Care Programs Poses Potential Risks to Vulnerable Adults
… at potential risk, according to an audit released today by State Comptroller Thomas P. DiNapoli. The audit is the first … the adult day service programs that are operating in the state,” DiNapoli said. “While the providers that have state contracts are being closely watched – this demonstrates …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-limited-regulation-adult-day-care-programs-poses-potential-risks-vulnerable-adultsOversight of the Supported Housing Program – Rehabilitation Support Services, Inc.
… Inc. (RSS) expended funds appropriately and provided the required services under its Supported Housing Program … Services Inc expended funds appropriately and provided required services …
https://www.osc.ny.gov/state-agencies/audits/2017/05/04/oversight-supported-housing-program-rehabilitation-support-services-inc