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Other Bulletin No. 73
… Purpose: The purpose of this bulletin is to provide the SCF with instructions for processing the new … on the October cycle beginning October 2023. Prior to now, SCF had elected to process payment for eligible employees on the April cycle …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-73-october-2023-state-university-construction-fund-scf-civilStafford Fire Department, Inc. – Controls Over Financial Activities (2014M-274)
… cash receipts, as required by the bylaws. The Ladies Auxiliary collected and deposited certain Department revenues … by an independent public accountant, as required by law. Key Recommendations Ensure that all cash receipts are … Update the bylaws to formalize the agreement with the Auxiliary regarding the details of the financial support …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2014/12/24/stafford-fire-department-inc-controls-over-financialTown of Cochecton - Fund Balance Management and Multiyear Planning (2018M-208)
… Key Recommendations Continue to adjust user charges in the sewer district as needed to enable the fund to become …
https://www.osc.ny.gov/local-government/audits/town/2019/02/15/town-cochecton-fund-balance-management-and-multiyear-planning-2018m-208Village of Hastings-on-Hudson - Board Oversight (2018M-92)
… Determine whether the Board provided adequate oversight to ensure that Village resources are safeguarded. Key Findings The Board did not: Appoint a Treasurer to oversee financial operations as required by New York State … leave exceeded the maximum amount they were allowed to carryover to 2017 by 4,510 hours with an estimated value …
https://www.osc.ny.gov/local-government/audits/village/2018/10/26/village-hastings-hudson-board-oversight-2018m-92Receiving Your Benefit and Filing Your Option Election – Regional State Park Police Plan
… Receiving Your Benefit At retirement, you must decide how you want your retirement benefit paid. You can choose … all of which will provide you with a monthly benefit for life. For example, you may elect the Single Life Allowance, … amount payable during your lifetime, with nothing payable to a beneficiary upon your death. Or, you may elect to …
https://www.osc.ny.gov/retirement/publications/1867/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Police and Fire Plan
… selection up to 30 days after your disability application is approved, or up to 30 days after your retirement date, whichever is later. If your election is not timely, by law, we must process your retirement as if …
https://www.osc.ny.gov/retirement/publications/1512/receiving-your-benefit-and-filing-your-option-electionVested Retirement Benefit – En-Con Police Officers Plan
… Eligibility You are eligible for a vested retirement benefit if you leave public employment … 5 — your 55th birthday. Tier 6 — your 63rd birthday. Your Vested Benefit Your vested retirement benefit is 1/60th (1.66 percent) of …
https://www.osc.ny.gov/retirement/publications/1822/vested-retirement-benefitReceiving Your Benefit and Filing Your Option Election – En-Con Police Officers Plan
… selection up to 30 days after your disability application is approved, or up to 30 days after your retirement date, whichever is later. If your election is not timely, by law we must process your retirement as if …
https://www.osc.ny.gov/retirement/publications/1822/receiving-your-benefit-and-filing-your-option-electionVested Retirement Benefit – Regional State Park Police Plan
… if you leave public employment before retirement age and have five years of credited service. When you reach … be entitled to a retirement benefit based on your service and your earnings when you were an active member. 1 The date … to file a retirement application when you become eligible and wish to receive your benefit. 1 Updated 10/22 … …
https://www.osc.ny.gov/retirement/publications/1867/vested-retirement-benefitReceiving Your Benefit and Filing Your Option Election – Non-Contributory Plan with Guaranteed Benefits
… your Option Election form (unless notified otherwise, as in the case of disability retirement) before the first day of …
https://www.osc.ny.gov/retirement/publications/1513/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – Basic Plan with Increased-Take-Home-Pay (ITHP)
… selection up to 30 days after your disability application is approved, or up to 30 days after your retirement date, whichever is later. If your election is not timely, by law, we must process your retirement as if …
https://www.osc.ny.gov/retirement/publications/1511/receiving-your-benefit-and-filing-your-option-electionCity of Oswego – Community Development (2015M-108)
… 1, 2013 through October 31, 2014. Background The City of Oswego is located in Oswego County and has a population of approximately 18,150. … uncollectable. The City donated two real properties to the Oswego City Revitalization Corporation (OCRC) but does not …
https://www.osc.ny.gov/local-government/audits/city/2015/11/20/city-oswego-community-development-2015m-108Wilson Central School District – Reserves and Fuel Accountability (2016M-44)
… Purpose of Audit The purpose of our audit was to examine the District’s reserves and accountability over … Four reserves with balances totaling $7.3 million appear to be overfunded and the District has not properly used the debt reserve, which had a balance of $2.9 million, to pay related debt. District officials did not provide …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/01/wilson-central-school-district-reserves-and-fuel-accountability-2016m-44Receiving Your Benefit and Filing Your Option Election – Career Plan
… provide for a possible payment to a designated beneficiary after your death. Filing Your Option Election You must file … selection up to 30 days after your disability application is approved, or up to 30 days after your retirement date, … Cash Refund — Contributions (Option ½) with your estate named as beneficiary. … Career Plan for PFRS Tiers 1 2 3 …
https://www.osc.ny.gov/retirement/publications/1642/receiving-your-benefit-and-filing-your-option-electionReceiving Your Benefit and Filing Your Option Election – New Career Plan
… provide for a possible payment to a designated beneficiary after your death. Filing Your Option Election You must file … selection up to 30 days after your disability application is approved, or up to 30 days after your retirement date, … Cash Refund — Contributions (Option ½), with your estate named as beneficiary. …
https://www.osc.ny.gov/retirement/publications/1515/receiving-your-benefit-and-filing-your-option-electionCity of Lockport - Budget Review (B1-16-16)
… Purpose of Budget Review The purpose of our budget review was to provide an independent evaluation of the City's proposed budget for 2017. Background Chapter 332 … and expenditure projections in the preliminary budget are reasonable. The proposed budget includes contingency …
https://www.osc.ny.gov/local-government/audits/city/2016/11/04/city-lockport-budget-review-b1-16-16West Islip Union Free School District – Financial Management (2022M-40)
… complete report - pdf] Audit Objective Determine whether the West Islip Union Free School District’s (District) Board of Education (Board) reasonably and transparently managed … compensation and unemployment insurance reserves which are also overfunded, having enough money to pay the average …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/08/west-islip-union-free-school-district-financial-management-2022m-40Town of Springfield – Credit Card Purchases (2020M-138)
… ensured credit card purchases were adequately supported, for legitimate purposes and approved before payment. Key … ensure credit card purchases were adequately supported, for legitimate purposes or approved before payment. Credit … totaling $420 and were unable to locate a ladder purchased for $585. Credit card reward points worth at least $1,250 …
https://www.osc.ny.gov/local-government/audits/town/2021/05/07/town-springfield-credit-card-purchases-2020m-138Minerva Central School District – Financial Condition Management (2020M-60)
… condition. Key Findings District officials can do more to effectively manage the District’s financial condition. … and annually appropriated fund balance that was not used to finance operations. Unrestricted fund balance ranged … six independent audit reports contained a finding related to the District’s unrestricted fund balance being in excess …
https://www.osc.ny.gov/local-government/audits/school-district/2020/10/02/minerva-central-school-district-financial-condition-management-2020m-60Town of Chemung – Intermunicipal Consolidation Agreement (2022M-207)
… associated with the Town of Chemung (Chemung) and Town of Ashland (Ashland) Intermunicipal Consolidation Agreement (Agreement) … not used to monitor labor costs for services provided to Ashland. Highway employees’ timecards did not always identify …
https://www.osc.ny.gov/local-government/audits/town/2023/04/21/town-chemung-intermunicipal-consolidation-agreement-2022m-207