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City of Glens Falls – Financial Condition (2013M-150)
… has approximately 14,700 residents. The City is governed by the City Council which comprises an elected Mayor and six …
https://www.osc.ny.gov/local-government/audits/city/2013/08/02/city-glens-falls-financial-condition-2013m-150Town of Pulteney – Financial Management and Information Technology (2012M-177)
… County and has a population of 1,285. The Town is governed by an elected Town Board (Board), which comprises the … development and monitoring of the annual budgets adopted by the Board. The Board has not adopted formal policies, and … deletions and changes made in the financial software used by the bookkeeper. Require that an inventory of the Town’s …
https://www.osc.ny.gov/local-government/audits/town/2013/04/26/town-pulteney-financial-management-and-information-technology-2012m-177State Agencies Bulletin No. 783
… enrolled in the IPP program, accruals are used followed by sick leave at half pay. When the half pay eligibility is …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/783-new-workers-compensation-actionreason-code-management-confidentialOverview – Contribution Stabilization Program
… of your annual pension contributions to the Fund when due and pay the remainder over time with interest. The CSP … the program does lead to higher costs over the long-term for employers who elect to participate since interest is … a form. Visit our Participation in the Program page for more information and instructions for withdrawing from …
https://www.osc.ny.gov/retirement/employers/csp/overviewCUNY Bulletin No. CU-664
… Purpose This bulletin is to provide agency instructions for reporting the rate … to the Tax and Compliance mailbox. … This bulletin is to provide agency instructions for reporting the rate …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-664-cuny-salary-rate-increases-city-laborerService Credit Purchase Payments – Legacy Reporting
… the required contributions, plus interest (if applicable), by means of: A single lump sum payment; or Transferring funds … member accounts . If members request payment be made by payroll deduction, you will receive a notice from us to … to the Internal Revenue Service for federal income tax by the amount of each deduction taken. For Social Security …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/service-credit-purchase-paymentsContract With Shorefront Mental Health Board – Compliance With Prevailing Wage Law
… its janitorial contract with the New York State Office of Mental Health (OMH). The audit covered the period from … employing OMH consumers. Under the New York State Labor Law, contractors must pay prevailing wages for the … payrolls and ensure that they are accurate. Work with the Department of Labor to determine whether contractor employees …
https://www.osc.ny.gov/state-agencies/audits/2014/10/28/contract-shorefront-mental-health-board-compliance-prevailing-wage-lawState Agencies Bulletin No. 2240
… tax-sheltered annuity and a Workers’ Compensation leave are affected. Background: Under IRS regulations, Workers’ Compensation-related benefits are exempt from Social Security and Medicare taxes. Workers’ Compensation-related benefits are also exempt from federal income taxes, New York State …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2240-suspension-403b-tax-sheltered-annuity-plans-employees-workersOrdinary Death Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… beneficiaries of active (not retired) members generally are not entitled to a monthly pension benefit.The first … income tax. Your accumulated contributions (if any) are also payable to your beneficiary. Eligibility An ordinary … the Retirement System and your death occurs: While you are on the payroll; While you are on an authorized medical …
https://www.osc.ny.gov/retirement/publications/1511/ordinary-death-benefitOrdinary Death Benefit – Career Plan
… beneficiary may be entitled to an ordinary death benefit, in lieu of a monthly pension, if your death is not … pension 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/1642/ordinary-death-benefitOrdinary Death Benefit – Non-Contributory Plan with Guaranteed Benefits
… beneficiaries of active (not retired) members generally are not entitled to a montly pension benefit. The first … income tax. Your accumulated contributions (if any) are also payable to your beneficiary. Eligibility An ordinary … the Retirement System and your death occurs: While you are on the payroll; While you are on an authorized medical …
https://www.osc.ny.gov/retirement/publications/1513/ordinary-death-benefitV.3.G Product Code – V. Chart of Accounts (COA) Governance
… are able to access the complete list of Product codes in the SFS. The Product ChartField is six numeric digits in length. Reporting Trees for Product are being created on … a Product value, complete the COA Product Change Request Form and submit it to [email protected] . Guide to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3g-product-codeDiNapoli's Auditors Halt $25 Million in Suspicious Tax Refunds
… State Comptroller Thomas P. DiNapoli announced today his … tax refunds from being paid so far in 2016. DiNapoli’s office paid out 4.5 million state refunds totaling $4.2 … Yorkers by filing for refunds they are not entitled to. My office is stopping those suspicious refunds and ensuring …
https://www.osc.ny.gov/press/releases/2016/04/dinapolis-auditors-halt-25-million-suspicious-tax-refundsTrumansburg Central School District – School Lunch Operations (2015M-171)
… Hector in Schuyler County. The District, which is governed by an elected seven-member Board of Education, operates three … costs of producing a meal equivalent are driven primarily by the personal service costs and benefits provided to … for the District to achieve the industry standards by reducing staff or increasing sales by the amounts needed …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/21/trumansburg-central-school-district-school-lunch-operations-2015m-171Miller Place Fire District – Credit Cards (2024M-58)
… we reviewed: 86 charges totaling $40,198 were accompanied by purchase orders that lacked a detailed description of the … attached to the claim but were approved for payment by the Board. Commissioners approved and audited their own … totaling $10,005 had purchase orders that were approved by the District official making the purchase. Key …
https://www.osc.ny.gov/local-government/audits/fire-district/2024/09/13/miller-place-fire-district-credit-cards-2024m-58Independent Oversight: OSC's Contract Review Safeguards Public Funds
… commit to greater spending than is authorized; and Vendors are responsible and eligible for government contracting. With … strong oversight, potential problems with a procurement are identified and addressed before taxpayer money has been … spent, projects have advanced, and programs and services are initiated. Not only does this independent review have a …
https://www.osc.ny.gov/reports/independent-oversight-osc-contract-review-safeguards-public-fundsAugust 1999: New York State Environmental Facilities Corporation State Revolving Loan Funds
… Facilities Corporation (EFC) , through its revolving loan fund, has provided over 330 local governments and public … direct loans) and the proper accounting treatment for each loan type: Long Term Leverage Loans (Approximately 95% of the … the issuance of serial bonds in the full amount of the application to EFC. At the time of the closing the local …
https://www.osc.ny.gov/local-government/publications/august-1999-new-york-state-environmental-facilities-corporation-state-revolving-loan-fundsDiNapoli: Mid-Hudson Region Shows Economic Strength Following Recession
… of the Mid-Hudson region is strong and is being boosted by the post-recession economic growth in New York City,” … as being in one of three levels of fiscal stress by his office’s Fiscal Stress Monitoring System. In the … other than Long Island (2.7 percent), and had increased by 18 percent since 2014. Region wide, annual unemployment …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-mid-hudson-region-shows-economic-strength-following-recessionDiNapoli: Lax Oversight of Medicaid Payments Behind $700 Million in Improper Payments
… Health (DOH) over a period of more than six years resulted in over $700 million in overpayments for ineligible members and $2.8 billion for … led to unsatisfactory long-term care for eligible patients in need,” said State Comptroller DiNapoli. “I urge DOH to …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-lax-oversight-medicaid-payments-behind-700-million-improper-paymentsSelected Controls Over the Property Tax Assessment Process
… approximately 1.05 million properties each year. Property in New York City is divided into four different classes, each treated differently under the law. The class of the property determines how property value … the MV is determined, DOF calculates the Assessed Value (AV). The AV is based on a percentage of the MV. For TC 2 …
https://www.osc.ny.gov/state-agencies/audits/2017/07/11/selected-controls-over-property-tax-assessment-process