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Partial Lump Sum Payment – State University Police Plan
… to choose a partial lump sum payment (PLS), you must: Retire under a special 20- or 25-year plan; Retire on or after April 1, 2008; Have been eligible to retire with a service retirement benefit for at least one …
https://www.osc.ny.gov/retirement/publications/1823/partial-lump-sum-paymentDiNapoli Announces Scheduled Sale of $541M State of New York General Obligation Bonds
… of the Comptroller of the State of New York on March 18, 2025, as set forth in the Notice of Sale published in The … dated as of the date of delivery, expected to be March 26, 2025. The State of New York reserves its right to change, …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-announces-scheduled-sale-541m-state-new-york-general-obligation-bondsComptroller DiNapoli Releases Municipal Audits
… No. 2 Fire District , Northville Public Library , Town of North Norwich and the Town of Phelps . “In today’s fiscal climate, budget … did not record them in the accounting records. Town of North Norwich – Budgeting (Chenango County ) The adopted … No 2 Fire District Northville Public Library Town of North Norwich and the Town of Phelps …
https://www.osc.ny.gov/press/releases/2015/08/comptroller-dinapoli-releases-municipal-auditsDiNapoli Releases Fiscal Stress Scores for 17 Cities
… P. DiNapoli issued fiscal stress scores today for the 17 cities in New York that have fiscal years ending between … to fiscal stress” or has “no designation.” The cities of Yonkers and Long Beach were both found to be in … stress.” The designations announced today covered 17 cities with fiscal year ends ranging from March 31, 2014 …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-releases-fiscal-stress-scores-17-citiesV.3.C Funds and Fund Accounting – V. Chart of Accounts (COA) Governance
… Fund captures a fiscal and accounting entity with a self-balancing set of accounts (real and nominal) for recording cash and other financial resources, which are segregated for the … Fund captures a fiscal and accounting entity with a selfbalancing set of accounts …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3c-funds-and-fund-accountingGASB Statement No. 33 "Accounting and Financial Reporting for Nonexchange Transactions"
… example grants entered into voluntarily). The purpose of this bulletin is to discuss the Statement No. 33 impact on … after July 1, 2000. Accounting changes made to comply with this statement should be treated as a prior period …
https://www.osc.ny.gov/local-government/publications/gasb-statement-no-33-accounting-and-financial-reporting-nonexchange-transactionsVillage of Suffern – Budget Review (B18-6-4)
… 8 percent over the last five years. Therefore, the health insurance cost are underestimated by $100,000 in the 2018-19 … a tax levy of $11,016,788 which is $78,962 above the limit established by law. Key Recommendations The Village … than the tax levy increase to no more than the tax levy limit as permitted by law, unless it properly overrides the …
https://www.osc.ny.gov/local-government/audits/village/2018/04/13/village-suffern-budget-review-b18-6-4Cayuga County – County Bridge Maintenance (S9-13-4)
… Legislature. The County’s budgeted expenditures totaled $134 million in 2012. The County Highway Department is …
https://www.osc.ny.gov/local-government/audits/county/2013/07/19/cayuga-county-county-bridge-maintenance-s9-13-4Northport-East Northport Union Free School District – Financial Condition (2014M-164)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial activities for the … a policy or plan for accumulating and using reserves funds to ensure that the amounts are necessary, reasonable and in … surplus after each fiscal year ended. As a result, these transfers were made without sufficiently informing residents …
https://www.osc.ny.gov/local-government/audits/school-district/2014/10/10/northport-east-northport-union-free-school-district-financial-conditionTown of Wawarsing – Payroll and Leave Accruals (2013M-202)
… they left work earlier than their scheduled time, and one employee earned leave accruals to which she was not entitled. …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-wawarsing-payroll-and-leave-accruals-2013m-202Argyle Central School District – Internal Controls Over Payroll (2014M-051)
… year were $11.3 million, which were funded primarily with State aid and real property taxes. Key Finding The Board had … paychecks. Additionally, the Superintendent did not always sign payrolls to indicate that she had reviewed them. … source documents when certifying payrolls and should sign and date the certifications to indicate that they have …
https://www.osc.ny.gov/local-government/audits/school-district/2014/07/25/argyle-central-school-district-internal-controls-over-payroll-2014m-051Financial Condition of New York State Regional Off-Track Betting Corporations (2014-MS-6)
… State Racing, Pari-Mutuel Wagering and Breeding law, are in operation in New York. Each OTB Corporation is a public benefit … and harness horse races held at various racetracks in the State, as well as at racetracks located outside the …
https://www.osc.ny.gov/local-government/audits/off-track-betting/2015/09/25/financial-condition-new-york-state-regional-track-betting-corporations-2014Town of Hamlin – Financial Oversight and Information Technology (2012M-197)
… Purpose of Audit The purpose of our audit was to determine if the Board and Supervisor provided adequate oversight over … to properly account for and safeguard Town assets for the period January 1, 2010, through August 9, 2012. …
https://www.osc.ny.gov/local-government/audits/town/2013/03/08/town-hamlin-financial-oversight-and-information-technology-2012m-197Town of Newstead – Joint Highway Facility Project (2012M-260)
… agreement that address the operation and maintenance of this joint highway facility to ensure the terms still reflect …
https://www.osc.ny.gov/local-government/audits/town/2013/03/15/town-newstead-joint-highway-facility-project-2012m-260State Comptroller DiNapoli Releases School Audits
… P. DiNapoli today announced his office completed audits of Oneonta City School District , Quogue Union Free School … and the Yorktown Central School District . "In an era of limited resources and increased accountability, it's … Payroll (Otsego County) The district ensured the accuracy of compensation and benefits provided to employees. Officials …
https://www.osc.ny.gov/press/releases/2017/12/state-comptroller-dinapoli-releases-school-auditsPartial Lump Sum Payment – Forest Rangers Plan
… retirement benefit in exchange for a one-time lump sum payment. The lump sum payment is made when your retirement benefit is finalized. … Eligibility To be eligible to choose a partial lump sum payment (PLS), you must: Retire under a special 20- or … 3 5 and 6 members covered by Section 383c Partial Lump Sum Payment …
https://www.osc.ny.gov/retirement/publications/1864/partial-lump-sum-paymentPartial Lump Sum Payment – En-Con Police Officers Plan
… of retirement; and Retire with a service retirement (not a disability retirement).* Choosing a Lump Sum Payment When you … a service retirement benefit and are later approved for a disability retirement benefit, the PLS payment must be repaid if you convert to the disability benefit. Additionally, severe tax consequences may …
https://www.osc.ny.gov/retirement/publications/1822/partial-lump-sum-paymentOrdinary Death Benefit – Forest Rangers Plan
… Your beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, … requirements and your death is not attributable to an on-the-job accident. The beneficiaries of active (not … benefit. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt …
https://www.osc.ny.gov/retirement/publications/1864/ordinary-death-benefitOrdinary Death Benefit – Regional State Park Police Plan
… beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if you meet eligibility … pension benefit. The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently …
https://www.osc.ny.gov/retirement/publications/1867/ordinary-death-benefitPartial Lump Sum Payment – Regional State Park Police Plan
… receive a reduced lifetime retirement benefit in exchange for a one-time lump sum payment. The lump sum payment is made … been eligible to retire with a service retirement benefit for at least one year prior to your date of retirement; and … benefit).* Choosing a Lump Sum Payment When you file for retirement, if you are eligible for PLS, we will send you …
https://www.osc.ny.gov/retirement/publications/1867/partial-lump-sum-payment