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Greater Syracuse Property Development Corporation – Enforcement Mortgages (2017M-39)

… officials have established adequate procedures to monitor buyers’ compliance with the redevelopment plan requirements … Syracuse Property Development Corporation (Land Bank) is a not-for-profit corporation authorized by the New York State …

Commack Union Free School District – Financial Condition and Fuel Inventory (2015M-90)

… The Commack Union Free School District is located in the Towns of Huntington and Smithtown, Suffolk County. The … The District experienced large operating surpluses in 2011-12 and 2012-13 because it overestimated expenditures in its adopted budgets. From 2011-12 through 2013-14, only …

Candor Central School District – School Lunch Operations (2015M-173)

… industry averages. Key Recommendations Closely monitor cafeteria operational costs and, where possible, implement …

Alfred-Almond Central School District – Financial Software Access and Monitoring (2014M-371)

… School District is located in the Towns of Alfred, Almond, Ward and West Almond within Alleghany County and the Towns of …

Town of Ephratah – Supervisor’s Records, Reports and Deposits (2016M-311)

… Purpose of Audit The purpose of our audit was to assess the Town’s internal controls over financial … several other municipalities, told us that it is difficult to dedicate time to update the prior years’ accounting records. The Supervisor …

Village of Ellenville – Information Technology (2014M-278)

… users’ access to the financial system based on employee job responsibilities. The Board has not developed … notification, disaster recovery, acceptable use, system security, internal user access, data backups and protecting personal, private and sensitive information. …

Chestertown Fire District – Claims Processing (2016M-387)

… The Board does not perform a deliberate audit of each claim by comparing the claim as listed on the abstract against available supporting …

Bradford Volunteer Fire Company, Inc. – Apparent Misappropriation of Funds (2016M-91)

… of Audit The purpose of our audit was to evaluate the Company’s financial operations for the period January 1, 2014 … September 17, 2015. Background The Bradford Volunteer Fire Company, Inc. is a not-for-profit organization that provides … County and the Town of Orange in Schuyler County. The Company consists of approximately 20 active members and is …

Constitutional Tax Limits

Constitutional Tax Limits

What is the Real Property Tax Cap?

… With some exceptions, the State’s Property Tax Cap limits the amount local governments and most school districts can … OSC: the information necessary to calculate their tax levy limit; and whether they plan to stay within the Tax Cap. …

State Comptroller DiNapoli Releases Audits

… items are available on a monthly rental basis, subject to caps; when the cap is reached, the item is generally considered purchased and no additional rental payments are made. However, certain … Authority – Long Island Rail Road – Non-Revenue Service Vehicles and On-Rail Equipment (2020-S-29) The Long …

Becoming Eligible for a Benefit – New Career Plan

Becoming Eligible for a Benefit – Non-Contributory Plan with Guaranteed Benefits

… — you do not have to fill out any paperwork or file an application to become vested. However, you will need to file an application to begin receiving your vested benefit.   1 …

Becoming Eligible for a Benefit – Police and Fire Plan

… even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested … vested benefit is based on your service, age at retirement and the salary you earned when you were an active member. …

New York State Comptoller Thomas P. DiNapoli Statement on Standard & Poor's Upgrade of NYS General Obligation Bonds

… upgrade from Standard & Poor's Ratings Services, coming on the heels of upgrades by Moody’s Investors Service and Fitch Ratings, … again shows that New York state’s finances are headed in the right direction. "The new AA+ rating for the state’s … rating upgrade from Standard Poors Ratings Services coming on the heels of upgrades by Moodys Investors Service and …

DiNapoli Releases Rockland County Budget Review

… related to the expiration of the county mortgage recording tax law. At the end of the 2014 fiscal year, the county’s …

Lackawanna City School District - Contractual Services (2019M-23)

… provided. Perform a deliberate and thorough review of invoices to ensure claims for payment are in accordance …

Town of Milo - Real Property Tax Exemption Administration (2018M-210)

… calculated granted exemptions. Did not report the transfer of property with exemptions to the County as required. Key … to meet eligibility requirements. Report the transfer of property with exemptions to the County to ensure the new owner is billed for the prorated share of taxes. Town officials generally agreed with our …

Town of Bath - Real Property Tax Exemptions Administration (2018M-209)

… 125 agricultural, non-profit and not-for-profit, senior citizen, volunteer firefighter, veteran and other exemptions. …

Central Valley School District - Separation Payments (2018M-153)

… reviewed all 37 separation payments totaling $516,017 made to eligible employees during the audit period and found that, … totaling $113,064. Key Recommendation Establish procedures to provide an independent review of all employee separation payments to ensure they are calculated according to the terms and …