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Partial Lump Sum Payment at Retirement – Divorce and Your Benefits
… payment of their monthly benefit. Read about eligibility and how a PLS is calculated on our Partial Lump Sum Payment … addresses the PLS, NYSLRS will review the terms of the DRO and comply with the Order. If the DRO does not address the … the member will receive the PLS distribution at retirement and only their portion will be reduced by the PLS election. …
https://www.osc.ny.gov/retirement/members/divorce/partial-lump-sum-payment-retirementXVI.1 Financial Reporting Overview – XVI. Financial Reporting
… and the Legislature in accordance with generally accepted accounting principles (GAAP) as prescribed by the Governmental Accounting Standards Board (GASB); the standard-setting body … and the Legislature in accordance with generally accepted accounting principles GAAP as prescribed by the Governmental …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi1-financial-reporting-overviewFormer Delhi Deputy Superintendent Faces Grand Larceny Charge
… Attorney Hubbard for working with my staff to expose this alleged crime.” “I greatly appreciate the work of the Office of the State Comptroller in bringing about this arrest. The highest standards must apply in public …
https://www.osc.ny.gov/press/releases/2020/09/former-delhi-deputy-superintendent-faces-grand-larceny-chargeDiNapoli: School District Tax Levy Cap Below 2 Percent
… 2020-2021 fiscal year, down from a 2 percent cap in each of the two previous years, according to data released today … cap calculations for 676 school districts as well as 10 cities with fiscal years starting July 1, 2020 including the … with 60 percent voter approval of their budget. For the list of allowable tax levy growth factors for all local …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-school-district-tax-levy-cap-below-2-percentDiNapoli: Former Director Allegedly Stole $1,700 From Hornell Partners for Growth
… is the Almond town clerk in Allegany County. "Too often, my office’s investigators and auditors find officials who … funds as a personal piggybank,” DiNapoli said. “Thanks to my partnership with Steuben County D.A. Baker and the State …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-former-director-allegedly-stole-1700-hornell-partners-growthAsset Forfeiture Escrow Fund
… to: Office of the State Comptroller Local Government and School Accountability Data Management Unit 110 State Street, …
https://www.osc.ny.gov/local-government/required-reporting/asset-forfeiture-escrow-fundFriendship Central School District – Fund Balance and Reserves (2022M-55)
… and adopt a comprehensive written multiyear financial plan. As a result, as of June 30, 2021, the recalculated … agreed with our recommendations and indicated they plan to initiate corrective action. …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/22/friendship-central-school-district-fund-balance-and-reserves-2022m-55Dobbs Ferry Union Free School District – Facilities Department Overtime (2023M-120)
… result in the employees working unnecessary overtime. This could increase the District’s operational and pension …
https://www.osc.ny.gov/local-government/audits/school-district/2023/12/01/dobbs-ferry-union-free-school-district-facilities-department-overtimeMontauk Union Free School District – Information Technology (2022M-137)
… application and developed an information technology (IT) contingency plan. Key Findings Although District … not adequately secure access to the network or develop an IT contingency plan. As a result, there is an increased risk … develop an IT contingency plan. However, the District never developed the plan and could not provide a reasonable …
https://www.osc.ny.gov/local-government/audits/school-district/2023/01/27/montauk-union-free-school-district-information-technology-2022m-137Village of Sidney – Financial Activities (2023M-14)
… (Board) and Clerk-Treasurer properly monitored selected financial activities. Key Findings The Board and Clerk-Treasurer did not properly monitor selected financial activities. As a result, total general fund balance … was overstated by $571,719, the transparency of Village financial operations was compromised, and taxpayers were not …
https://www.osc.ny.gov/local-government/audits/village/2023/05/19/village-sidney-financial-activities-2023m-14Town of Alexandria - Water and Sewer District Financial Condition (2019M-116)
… did not budget accurately nor raise sufficient revenues to fund water and sewer operations, which resulted in five … districts had deficit fund balances ranging from $13,620 to $113,900 as of December 31, 2018. These deficit fund balances ranged from 14 to 217 percent of 2019 budget appropriations. Officials …
https://www.osc.ny.gov/local-government/audits/town/2019/12/13/town-alexandria-water-and-sewer-district-financial-condition-2019m-116Town of Saugerties – Claims Auditing (2024M-144)
… Key Findings The Board did not properly audit claims or authorize credit card purchases. We reviewed 50 claims … thorough and deliberate audit of any claims before payment or authorize all credit card purchases. As a result: 15 … The Supervisor used a Town credit card to pay for lunch to celebrate an employee’s birthday. This is not an …
https://www.osc.ny.gov/local-government/audits/town/2025/05/16/town-saugerties-claims-auditing-2024m-144Delevan Volunteer Fire Company, Inc. – Internal Controls Over Financial Operations (2013M-345)
Delevan Volunteer Fire Company Inc Internal Controls Over Financial Operations 2013M345
https://www.osc.ny.gov/local-government/audits/fire-district/2014/02/26/delevan-volunteer-fire-company-inc-internal-controls-over-financialCity of Fulton – Fiscal Stress (2013M-310)
… to incur planned operating deficits in the general fund. This has led to a significant reduction in the City’s …
https://www.osc.ny.gov/local-government/audits/city/2013/11/22/city-fulton-fiscal-stress-2013m-310Oneonta City School District –Financial Condition (2013M-165)
… Key Recommendation There are no recommendations for this report. …
https://www.osc.ny.gov/local-government/audits/school-district/2013/08/30/oneonta-city-school-district-financial-condition-2013m-165Jamestown City School District – Financial Condition (2015M-120)
… period July 1, 2011 through April 13, 2015. Background The Jamestown City School District is located in the City of Jamestown and Towns of Busti, Carroll, Ellicott and Kiantone … Jamestown City School District Financial Condition 2015M120 …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/20/jamestown-city-school-district-financial-condition-2015m-120Westmoreland Central School District – Financial Condition (2014M-283)
… Purpose of Audit The purpose of our audit was to examine the District’s financial activities for the period … and appropriating fund balance that was not used to fund operations, the District’s actual unrestricted fund … Each year, the annual budget included using fund balance to finance operations to keep the real property tax levies at …
https://www.osc.ny.gov/local-government/audits/school-district/2014/12/05/westmoreland-central-school-district-financial-condition-2014m-283Village of Nichols – Financial Condition (2013M-50)
… of this magnitude other than to hope that it might get some revenue source, like Federal or State aid, if there …
https://www.osc.ny.gov/local-government/audits/village/2013/06/07/village-nichols-financial-condition-2013m-50City of Olean – Budget Review (B1-13-2)
… Purpose of Audit The purpose of our budget review was to determine whether the significant … and expenditure projections in the City’s tentative budget for the 2013-14 fiscal year are reasonable. Background … revenue and expenditure projections in the proposed budget are reasonable. The City has made good progress in …
https://www.osc.ny.gov/local-government/audits/city/2013/03/20/city-olean-budget-review-b1-13-2Cortland Enlarged City School District – Oversight of Financial Operations (2012M-230)
… Purpose of Audit The purpose of our audit was to determine whether the Superintendent and the Director of Business Services … the Treasurer establishes procedures for filing claims with Medicaid for support services provided to …
https://www.osc.ny.gov/local-government/audits/school-district/2013/02/01/cortland-enlarged-city-school-district-oversight-financial-operations