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Financial Condition of New York State Regional Off-Track Betting Corporations (2014-MS-6)
… [read complete report - pdf] We also released five letter reports to the following … plans to benefit the Corporations’ financial condition for the period January 1, 2009 through August 31, 2014. … State policymakers should review and examine the formulas in statute that are used to calculate payments the …
https://www.osc.ny.gov/local-government/audits/off-track-betting/2015/09/25/financial-condition-new-york-state-regional-track-betting-corporations-2014Town of Hamlin – Financial Oversight and Information Technology (2012M-197)
… functions and information technology to properly account for and safeguard Town assets for the period January 1, 2010, through August 9, 2012. … and an elected Town Supervisor. Budget appropriations for 2012 were approximately $3.8 million. Key Findings The …
https://www.osc.ny.gov/local-government/audits/town/2013/03/08/town-hamlin-financial-oversight-and-information-technology-2012m-197Village of Delanson – Internal Controls Over Selected Financial Operations (2012M-232)
… of Delanson is located within the Town of Duanesburg in Schenectady County. The Village Board of Trustees (Board) … - the Mayor and two Trustees – governs the Village. In the 2010-11 fiscal year the Village had combined operating expenses in the general and water funds totaling $268,500 and in the …
https://www.osc.ny.gov/local-government/audits/village/2013/03/29/village-delanson-internal-controls-over-selected-financial-operations-2012m-232DiNapoli Files Shareholder Proposals with Six Companies on Political Spending
… should assess whether spending on any political causes is in shareholders’ interests. At a minimum, companies should … and procedures for spending to participate or intervene in any campaign for or against any candidate for public … Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the assets …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-files-shareholder-proposals-six-companies-political-spendingState Comptroller DiNapoli Releases Municipal Audits
… and services. Village of Hagaman – Claims Auditing (2022M-11) Claims were not properly audited and approved before … had department head approval. Village of Hewlett Bay Park – Financial Management (2022M-30) The board did not …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-releases-municipal-audits-0State Comptroller DiNapoli Releases Municipal Audits
… deposit all tax collections within 24 hours as required. In addition, the clerk did not remit real property tax … collections to the town supervisor or the county treasurer in a timely manner. Town of Owasco – Financial Management and … did not adopt an adequate reserve policy, which resulted in the unrestricted general fund balance to increase to an …
https://www.osc.ny.gov/press/releases/2021/08/state-comptroller-dinapoli-releases-municipal-audits-0DiNapoli: Local Sales Tax Collections Up 21% in First Quarter of 2022
… tax (not including New York City), Norwich saw the biggest jump in the first quarter at 30.8%, followed by Johnstown …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-local-sales-tax-collections-21-percent-first-quarter-2022State Agencies Bulletin No. 1078
… process a weekly file as submitted by the plan’s third party administrator, Nationwide Retirement Solutions (NRS). …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1078-nys-deferred-compensation-plan-after-tax-roth-contributionsNew York State Comptroller DiNapoli Statement on MTA Finances
… picture, allowing for budget balance even amid weakness in real estate transaction taxes, a concern my office raised … Workers Union's bargaining pattern eliminating some risk in the MTA’s financial plan and providing raises to the labor force which has been critical in delivering services during this difficult period in New …
https://www.osc.ny.gov/press/releases/2023/07/new-york-state-comptroller-dinapoli-statement-mta-financesState Agencies Bulletin No. 1188
… To provide agencies with instructions to pay the Firearms Training and Safety Incentive Program payment. Affected … complete agency-directed firearms proficiency and safety training programs as set by the Joint Committee on Health and Safety are eligible for a pilot Firearms Training and Safety Incentive Program payment. This pilot …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1188-pef-firearms-training-and-safety-incentive-programElectronic Fund Transfer Instructions
Use the following banking information when sending an ACH Book Transfer CHIPS EFT or Federal Wire payment to the New York State Office of Unclaimed Funds
https://www.osc.ny.gov/unclaimed-funds/reporters/electronic-fund-transfer-instructionsEmerging Manager Program
… assistance of managers of managers or program partners, in separately managed accounts or commingled funds. Program partners assist in the timely deployment of capital, perform due diligence and recommend managers to participate in the program. Each year, the Fund also seeks to graduate …
https://www.osc.ny.gov/common-retirement-fund/emerging-managerStatement From New York State Comptroller Thomas P. DiNapoli on Senate Confirmation of Loretta Lynch as U.S. Attorney General
… to the highest legal position in our nation. Loretta Lynch will be a remarkable attorney general for our country …
https://www.osc.ny.gov/press/releases/2015/04/statement-new-york-state-comptroller-thomas-p-dinapoli-senate-confirmation-loretta-lynch-us-attorneyCreditable Service – State Police Plan
… a police force or department of a State park authority or commission; Police officer for the State University of New … or Police service transferred from the Metropolitan Transportation Authority Police Pension Fund. The following …
https://www.osc.ny.gov/retirement/publications/1518/creditable-serviceOverview – Special 20- and 25-Year Plans
… Tier 6 members. For members who retired before April 1, 2024, your FAE was the average of your highest five …
https://www.osc.ny.gov/retirement/publications/1517/final-average-earnings/overviewOverview – Legacy Reporting
… (arrears). Employers using the Legacy reporting format in Retirement Online should only report enrolled NYSLRS … the report period. For example, the December report is due in our office by January 7; the January report is due in our office by February 7. Rev. 2/20 …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/overviewNew York State Comptroller DiNapoli: Statement on Arrest of Morris Central School District Official
… former treasurer of the Morris Central School District in Otsego County, following a joint investigation by his … T. Bacon and the FBI for their continued partnership in rooting out public corruption.” Press Release from the … Office Northern District of New York Since taking office in 2007, DiNapoli has committed to fighting public corruption …
https://www.osc.ny.gov/press/releases/2020/09/new-york-state-comptroller-dinapoli-statement-arrest-morris-central-school-district-officialTier 6 Defined Contribution Plan Option
Tier 6 Benefit Information Some employees of NYSLRS employers may choose either the traditional defined benefit plan or a defined contribution plan
https://www.osc.ny.gov/retirement/employers/tier-6-defined-contribution-plan-optionTrain On-Time Performance (Follow-up)
… included in our initial report, Train On-Time Performance ( 2014-S-56 ). Background Our prior audit … years 2013 and 2014, Subways’ reports show actual On-Time Performance (OTP) was well below the goal of 91.9 percent. … included in our initial report Train OnTime Performance 2014S56 …
https://www.osc.ny.gov/state-agencies/audits/2017/09/27/train-time-performance-followAccounts Payable Advisory No. 9
… new requirements for entering a unique invoice number on vouchers payable to National Grid, as discussed below. … processing payments to vendors. Improper preparation of vouchers payable to National Grid may delay payment crediting … account number followed by the two-digit month, two-digit day, and two-digit year of the invoice ending service date. …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/9-complex-entity-national-grid