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Village of Margaretville - Fiscal Management (2018M-78)
… report - pdf] Audit Objective Determine whether the Board of Trustees (Board) provided effective fiscal management. Key Findings Village of Margaretville (Village) officials have not adopted … has increased by $321,000 to $592,786 (or 167 percent of 2017 expenditures) from the beginning of 2014-15 through …
https://www.osc.ny.gov/local-government/audits/village/2018/08/17/village-margaretville-fiscal-management-2018m-78Town of Bennington - Financial Management (2019M-249)
… report - pdf] Audit Objective Determine whether the Board and Town officials properly managed finances by ensuring … estimates were realistic, establishing multiyear financial and capital plans and planning for and using fund balance. Key Findings Overall … estimates were realistic establishing multiyear financial and capital plans …
https://www.osc.ny.gov/local-government/audits/town/2020/03/13/town-bennington-financial-management-2019m-249Windham-Ashland-Jewett Central School District - Claims Audit Process (2019M-242)
… payment to ensure it is accurate, for valid purposes and in compliance with required statutes and policies. District …
https://www.osc.ny.gov/local-government/audits/school-district/2020/03/20/windham-ashland-jewett-central-school-district-claims-audit-process-2019mOysterponds Union Free School District - Financial Management (2019M-217)
… complete report - pdf] Audit Objective Determine whether the Board and District officials provided adequate oversight and management of the District’s budget and financial condition. Key Findings … Determine whether the Board and District officials provided adequate oversight …
https://www.osc.ny.gov/local-government/audits/school-district/2020/01/17/oysterponds-union-free-school-district-financial-management-2019m-217Finger Lakes Community College - Credit Card and Travel Expenditures (2019M-184)
… Determine whether College officials adequately monitored credit card and travel expenditures. Key Findings The College … General Services Administration (GSA) per diem rates. A credit card company was allowed to directly withdraw 18 … A travel agent who is not an employee uses their College credit card to automatically charge fees. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/community-college/2020/01/10/finger-lakes-community-college-credit-card-and-travel-expendituresState Comptroller DiNapoli Statement on 2025 State of the City Address
… New York State Comptroller Thomas P. DiNapoli released the following statement on New York City Mayor Eric Adams' 2025 State of the City address: “New York City is in a better financial … New York State Comptroller Thomas P DiNapoli released the following statement on New York City Mayor Eric Adams …
https://www.osc.ny.gov/press/releases/2025/01/state-comptroller-dinapoli-statement-2025-state-city-addressState Agencies Bulletin No. 342
… to the instructions on the AC-230, do not return any payroll checks to OSC for a partial refund if either of the … Questions regarding this bulletin may be directed to the Payroll Deductions mailbox. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/342-year-end-processing-and-deadlines-returned-paychecks-ac-230sReceiving Your Benefit and Filing Your Option Election – Article 14 Benefits
… beneficiary after your death. Filing Your Option Election You must file your Option Election form (unless notified otherwise, as in the case of … after your retirement date, whichever is later. If your election is not timely, by law, we must process your …
https://www.osc.ny.gov/retirement/publications/1644/receiving-your-benefit-and-filing-your-option-electionPartial Lump Sum Payment – Special 20- and 25-Year Plans
… Section 383-e or 383-f eligible for a partial lump sum payment at retirement? Yes, eligible members can choose to receive a partial lump sum payment (PLS) at retirement. To be eligible, you must: Retire under a special 20- or 25-year plan; Have been eligible to retire with a service retirement …
https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/partial-lump-sum-paymentService Retirement Benefits – Special 20- and 25-Year Plans
… What is the pension benefit calculation for Section 383-e? Members … 20, up to a maximum of 62% of their FAE. Section 383-e is a 20-year plan, for Tier 5 and 6 members only . What is the pension benefit calculation for Section 383-f? Members …
https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/service-retirement-benefitsNew York State Financial Reporting
… Comprehensive Financial Report This annual report presents New York State’s financial statements prepared in accordance with … Annual Financial Report Financial Condition Report of New York State This GAAP-based report provides an overview of …
https://www.osc.ny.gov/reports/financeComptroller DiNapoli Releases Municipal Audits
… P. DiNapoli today announced his office completed audits of the Village of Fultonville , Town of Livonia and the Seymour … P DiNapoli today announced his office completed audits of the Village of Fultonville Town of Livonia and the Seymour …
https://www.osc.ny.gov/press/releases/2015/07/comptroller-dinapoli-releases-municipal-auditsWho Is Responsible? – Travel and Conference Expense Management
… The governing board is generally responsible for the high level oversight of … or school district resources. The governing board is also generally responsible for adopting broad policies … employee, an officer, or a member of the governing board, is responsible for having a clear understanding of travel and …
https://www.osc.ny.gov/local-government/publications/travel-conference-expense/who-responsibleOvertime Compensation – Enhanced Reporting
… For compensation to be classified as “overtime,” it must be paid for additional hours worked beyond one's regular schedule and … visit our Public Safety Overtime page . The following are not considered payment for overtime, and should be … Overtime pay is pay for additional hours worked beyond regular scheduled hours …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/overtime-compensationReporting Workers' Compensation Benefits – Legacy Reporting
… compensation benefits can be paid to your employees in three different ways. How your employees are paid those …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/reporting-workers-compensation-benefitsTier 6 Defined Contribution Plan Option
… Employees newly hired on or after July 1, 2013 have the option to choose either the traditional defined … plan for their retirement benefits, if: They are not represented by a union and Their salary at the time they … file an election during their first 30 days of employment. You must continue to inform your new employees of their right …
https://www.osc.ny.gov/retirement/employers/tier-6-defined-contribution-plan-optionState Agencies Bulletin No. 2241
… Purpose: The purpose of this bulletin is to notify agencies of an automatic dues increase. Affected Employees: Employees … who are members of OMCE are affected. Background: The dues structure for OMCE (deduction code 209) is based on … The purpose of this bulletin is to notify agencies of an …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2241-organization-new-your-state-management-confidential-employeesDepartment of Taxation and Finance: Personal Income Tax
… Purpose The objective of our examination was to determine whether … by the Department of Taxation and Finance (Department) for payment were appropriate and processed in accordance with … The objective of our examination was to determine whether personal income …
https://www.osc.ny.gov/state-agencies/audits/2018/07/26/department-taxation-and-finance-personal-income-taxCUNY Bulletin No. CU-569
… 400 for 403(b) ROTH participants on the General Deductions Panel after verifying the employee’s enrollment is complete. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-569-new-403b-after-tax-deferred-annuity-plan-roth-cunyAccounts Payable Advisory No. 9
… Making Payments to National Grid Guidance: This advisory has been updated to reflect new requirements for entering a … to National Grid, as discussed below. Consistent with the Guide to Financial Operations (GFO), Chapter XII, … Number Requirements described above, Business Units are now required to enter in the invoice number field their …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/9-complex-entity-national-grid