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DiNapoli: State's Fiscal Picture Has Improved, but Impact of Pandemic Revenue Losses Will Linger
… aid to suffering New Yorkers and devastated communities. But this recovery is fragile, and I urge state leaders to … $2.1 billion, or 7.1 percent, for the coming school year, but may leave districts facing a “fiscal cliff” afterwards. … rainy day reserves of $2.5 billion will be preserved, but no additional deposits are planned. Report Report on the …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-states-fiscal-picture-has-improved-impact-pandemic-revenue-losses-will-lingerState Contract and Payment Actions in December
… Harbor Access and Activation Civic Plan. $3.8 million to Buffalo Niagara Waterkeeper, Inc. for the planning, design, and marketing of the Buffalo Blueway, a recreational waterfront trail route in … and Rome for unmanned aircraft. $1.8 million to the Buffalo and Erie County Industrial Land Development …
https://www.osc.ny.gov/press/releases/2021/02/state-contract-and-payment-actions-decemberGlossary
… Property Law The New York State Abandoned Property Law can be found in McKinney’s Consolidated Laws of New York, … Property”). Account A record of financial transactions for individuals, such as with banks, brokerages, utility … Aggregation These are items valued at $20.00 or less and you must group the individual items into one aggregate amount …
https://www.osc.ny.gov/unclaimed-funds/reporters/glossaryCity of Newburgh – Budget Review (B6-15-24)
… of Budget Review The purpose of our budget review was to determine whether the significant revenue and expenditure … located in Orange County, issued debt totaling $15 million to liquidate the accumulated deficit in the City’s general … requires all local governments that have been authorized to issue obligations to fund operating deficits to submit …
https://www.osc.ny.gov/local-government/audits/city/2015/11/12/city-newburgh-budget-review-b6-15-24XVI.3.J Implementation of Accounting Standards – XVI. Financial Reporting
… accounting principles (GAAP) for governments as prescribed by the Governmental Accounting Standards Board (GASB) which … a new accounting/financial reporting standard is issued by GASB, it must be critiqued to identify the accounting … with appropriate units in OSC that may be impacted by the change would be initiated for their input. Based upon …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3j-implementation-accounting-standardsVillage of Westhampton Beach – Internal Controls Over Information Technology (2013M-173)
… over information technology (IT) for the period of June 1, 2011, to April 30, 2013. Background The Village of … in Suffolk County, and has a population of approximately 1,500 residents. The Village is governed by a Board of …
https://www.osc.ny.gov/local-government/audits/village/2013/08/30/village-westhampton-beach-internal-controls-over-information-technology-2013m-173Village of Bolivar – Financial Condition of Water and Sewer Funds (2013M-125)
… Purpose of Audit The purpose of our audit was to evaluate the financial condition of the water and sewer … 1, 2007 through March 15, 2013. Background The Village of Bolivar is located in Allegany County. The Village is …
https://www.osc.ny.gov/local-government/audits/village/2013/08/09/village-bolivar-financial-condition-water-and-sewer-funds-2013m-125Town of Nichols – Town Supervisor's Records and Reports (2022M-185)
… maintained timely, complete and accurate accounting records and reports to allow the Town Board (Board) and … did not maintain timely, complete and accurate accounting records to allow the Board and department heads to monitor … paid additional costs of $51,400 to have the accounting records created, the annual financial report (AFR) for 2020 …
https://www.osc.ny.gov/local-government/audits/town/2023/03/24/town-nichols-town-supervisors-records-and-reports-2022m-185State Agencies Bulletin No. 1946
… the agency address is not correct, agencies must submit corrections prior to November 19, 2021 . Requests for a gency name and address corrections may be directed to the Tax and Compliance … statements. Agency Response Deadline Agencies must submit corrections prior to November 19, 2021 , to ensure the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1946-verification-agency-return-address-employee-form-w-2-wage-and-taxNiskayuna Central School District – Financial Condition (2012M-218)
… Purpose of Audit The purpose of our audit was to examine the District’s financial condition for the period July 1, 2010, to March 31, 2012. Background The Niskayuna Central School … of fund balance in excess of the amount actually available to fund operations resulted in an unassigned fund balance …
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/01/niskayuna-central-school-district-financial-condition-2012m-218June 2002: Advance Refunding Bonds
… an escrow account (in a bank or trust company located and licensed to do business in New York State). After payment of issuance costs, the proceeds are used by the escrow agent to purchase special United States Treasury securities … (after payment of $ x.x million in underwriting fees, insurance, and other issuance costs) were used to purchase …
https://www.osc.ny.gov/local-government/publications/june-2002-advance-refunding-bondsCUNY Bulletin No. CU-370
… CUNY RF Payment Authorization Form. Goal Balance: Leave blank for the first payment. In order to process the CGR … and Goal Amount as required. The Goal Balance must be left blank. If the employee incurs an overpayment and the employee … Questions about this Bulletin may be emailed to the Non Executive Audit mailbox. … This bulletin explains the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-370-2009-cuny-research-foundation-grant-payments-summerState Comptroller DiNapoli Releases Audits
… Asset Management (2022-S-32) Capital assets include land, buildings, construction in progress, equipment, library …
https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-auditsXII.8.G Payment Methods – XII. Expenditures
… OVERVIEW AND POLICIES This section advises agencies on payment methods available in the Statewide Financial System … payment in accordance with the pay terms and Scheduled Due date or Net Due date on the voucher. Two-day ACH is the preferred …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8g-payment-methodsCUNY Bulletin No. CU-718
… processing of the 2020 PSC Adjunct 2% Retroactive General Salary Increase and provide instructions for payments not … the Term of 12/01/2017 through 02/28/2023, a 2% general salary increase was authorized effective 11/15/2020. The CUNY … Security benefits to the Social Security Administration (SSA). PayServ does not include this information, OSC will be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-718-2020-professional-staff-congress-psc-adjunct-2-retroactiveDiNapoli Releases Bond Calendar for First Quarter
… following: Dormitory Authority of the State of New York –a bond sale of approximately $18.9 million of fixed rate tax-exempt bonds for January; a bond sale of approximately $57 million of fixed rate taxable and tax-exempt bonds for February; and a bond sale of approximately $5.6 million of fixed rate …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-releases-bond-calendar-first-quarterOpinion 89-37
… court cases or statutory amendments that bear on the issues discussed in the opinion. STATE COMPTROLLER -- Powers … is obtained, does the State Comptroller's role come into play. September 26, 1989 Neil L. Coscio, Esq., Ass't Legislative …
https://www.osc.ny.gov/legal-opinions/opinion-89-37State Agencies Bulletin No. 1564.1
… of refunds for deferred compensation contributions in a current calendar year pay check for which an employee was … Employees Active employees in Company “NYS” who, in the current year, contributed earnings to a deferred compensation … for account balance validation. If the original employee record is inactive, but another record is active, the refund …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/15641-new-york-state-deferred-compensation-plan-nysdcp-refunds-employeesDivision of Housing and Community Renewal Bulletin No. DH-112
… Over40 Comp Time II Cash Out. Affected Employees Employees in the Rent Regulations Services Unit – BU67 who have opted to participate in the Over40 Comp Time II Cash Out program are affected. … and income taxes and will be reported on the employee's Form W-2. Payroll Register and Employee’s Paycheck/Advice …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-112-2020-rrsu-over40-comp-time-ii-cash-outDiNapoli Releases Municipal Audits
… of Oxford , Town of Reading , Richmond Fire District , Rotterdam Princetown No. 5 Fire District , Town of Scio, Town … and unforeseen repairs to the district’s equipment. Rotterdam Princetown No. 5 Fire District – Internal Controls …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-releases-municipal-audits-0