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DiNapoli: Wall St. 2021 Profits near Record Levels
… and profits will subside at some point. As we prepare for an eventual slowdown in Wall Street’s record activity, we … jobs, a 32-year low. The average salary (including bonus) for employees of the New York City securities industry in … five times higher than the $92,330 average compensation for the rest of the city’s private sector. In 1981, the gap …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-wall-st-2021-profits-near-record-levelsPayroll Improvement Project Bulletin No. PIP-013
… The purpose of this bulletin is to inform PayServ users of system availability, modified submission schedules, file … Direct Deposit Selections for changes requested by any employee who holds more than one job with New York State. … Direct Deposit Record Changes Requiring Modifications to Employee Elections . PS Query Information To be included in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/payroll-improvement-project/pip-013-payroll-improvement-project-cutover-schedule-andOpinion 94-13
… employment or to file copies of their most recent income tax returns. Termination of payments and benefits for … activities or file copies of their most recent income tax returns as a condition of continued receipt of benefits … employment or to file a copy of his or her income tax return as a condition of continued receipt of benefits …
https://www.osc.ny.gov/legal-opinions/opinion-94-13Opinion 99-16
… Comptroller at the time it was rendered. The opinion may no longer represent those views if, among other things, there … into a custodial agreement under which the custodial bank will be indemnified for costs, expenses, damages, liabilities … employees or duly appointed agencies. You note that this clause appears to be inconsistent with our 15 Opns St Comp, …
https://www.osc.ny.gov/legal-opinions/opinion-99-16Annual Financial Report
… how to navigate and complete the Annual Financial Report. For more detailed instructions please refer to the … separately. Fire contributions are to be accounted for in the new code 9016.8 – Fire Retirement – Employee … account code in the Annual Financial Report (AFR). For example: Cash must be reported as a positive amount, and …
https://www.osc.ny.gov/local-government/required-reporting/annual-financial-reportVII.3 AP Adjustment Voucher Overview – VII. State Revenues and Appropriated Loan Receivables
… Checking Account must be communicated timely to the Bureau of State Accounting Operations – Cash Management Unit … review and approval by agency personnel as well as OSC’s Bureau of State Accounting Operations (BSAO) – Budgets and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii3-ap-adjustment-voucher-overviewRensselaer County Water and Sewer Authority – Debt Proceeds (2014M-17)
… Authority’s controls over the issuing of and accounting for water and sewer bond proceeds for the period of June 1, 2008 through May 31, 2013. … and related expenditures were appropriately accounted for. Key Recommendations No recommendations were included in …
https://www.osc.ny.gov/local-government/audits/district/2014/04/11/rensselaer-county-water-and-sewer-authority-debt-proceeds-2014m-17Village of Farmingdale - Procurement, Claims Audit and Check Signing (2018M-100)
… Objective Determine if: The Village seeks competition for professional service providers and for purchases that are below the bidding threshold. The Board … Key Findings Village officials did not seek competition for nine of 10 professional service providers paid $733,497. …
https://www.osc.ny.gov/local-government/audits/village/2017/10/26/village-farmingdale-procurement-claims-audit-and-check-signing-2018m-100Accounts Payable Advisory No. 46
… Subject : Updated proper invoice guidance. Guidance : The Office of the State Comptroller (OSC) has updated the policies and procedures regarding a proper …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/46-proper-invoiceDiNapoli Statement on Retirement of Rep. Carolyn McCarthy
… New York and Long Island will lose a strong advocate with the retirement of … for more than two decades of dedicated service to Long Island, to New York state and to our country. … New York and …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-statement-retirement-rep-carolyn-mccarthyVillage of Tivoli – Procurement (2015M-79)
… The Village of Tivoli is located in the Town of Red Hook, Dutchess County, and has a population of approximately …
https://www.osc.ny.gov/local-government/audits/village/2015/07/10/village-tivoli-procurement-2015m-79Brewster Central School District - Professional Services (2019M-235)
… Key Finding District officials did not seek competition for professional services from three of the 10 professional … of professional service providers to determine the need for new requests for proposals (RFPs). District officials generally agreed …
https://www.osc.ny.gov/local-government/audits/school-district/2020/03/13/brewster-central-school-district-professional-services-2019m-235Town of Van Etten - Procurement and Supervisor's Fiscal Oversight (2019M-111)
… goods and services economically. Determine whether the Supervisor safeguarded cash. Key Findings Town officials … provide oversight of the bookkeeper’s recordkeeping and reporting of financial activity. Key Recommendations Ensure …
https://www.osc.ny.gov/local-government/audits/town/2019/08/16/town-van-etten-procurement-and-supervisors-fiscal-oversight-2019m-111Warwick Valley Central School District - Professional Services (2019M-139)
… Key Finding District officials did not seek competition for professional services from four of the 12 professional … policy to be sure it sets forth the expectations for the procurement of professional services. Ensure that the … that professional services be procured using requests for proposals (RFPs) is followed. District officials …
https://www.osc.ny.gov/local-government/audits/school-district/2019/09/20/warwick-valley-central-school-district-professional-services-2019m-139Sachem Public Library – Claims Processing (2016M-327)
… Purpose of Audit The purpose of our audit was to examine the Library’s claims auditing process for the … over 83,000 residents in the Towns of Brookhaven, Islip and Smithtown in Suffolk County. The Library is governed by …
https://www.osc.ny.gov/local-government/audits/library/2016/12/02/sachem-public-library-claims-processing-2016m-327Wynantskill Union Free School District – Payroll (2016M-66)
… Purpose of Audit The purpose of our audit was to examine the claims audit function for the period July 1, … officials established adequate procedures for payroll to ensure employees were accurately paid at their approved …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/03/wynantskill-union-free-school-district-payroll-2016m-66St. Lawrence-Lewis Board of Cooperative Educational Services – Payroll (2016M-371)
… Purpose of Audit The purpose of our audit was to evaluate the accuracy of BOCES' payroll payments for the … approximately 50 educational and administrative services to its 18 component districts. BOCES is governed by a … Key Finding BOCES officials established and adhered to good procedures for processing and verifying payroll …
https://www.osc.ny.gov/local-government/audits/boces/2016/12/23/st-lawrence-lewis-board-cooperative-educational-services-payroll-2016m-371South Orangetown Central School District – Claims Processing (2016M-104)
South Orangetown Central School District Claims Processing 2016M104
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/24/south-orangetown-central-school-district-claims-processing-2016m-104Guilderland Central School District – Cash Disbursements (2017M-29)
… The purpose of our audit was to review the District’s cash disbursement transactions using computer-assisted … million. Key Finding District officials have ensured that cash disbursements are adequately supported, for District …
https://www.osc.ny.gov/local-government/audits/school-district/2017/06/02/guilderland-central-school-district-cash-disbursements-2017m-29Whitesboro Central School District – Claims Auditing (2016M-115)
… audit was to examine the District’s claims audit process for the period July 1, 2014 through December 31, 2015. … seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $63 million. Key Finding Claims were for appropriate purposes and were adequately supported, …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/24/whitesboro-central-school-district-claims-auditing-2016m-115