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Opinion 95-28
… by a letter of credit issued by a Federal Home Loan Bank) LOCAL LAWS -- Municipal Funds (authorizing investment … irrevocable letter of credit issued by a Federal Home Loan Bank. A local government may not authorize such an investment … irrevocable letter of credit issued by a Federal Home Loan Bank (hereinafter "FHLB"). General Municipal Law, §11 …
https://www.osc.ny.gov/legal-opinions/opinion-95-28Richmond Fire District – Internal Controls Over Financial Operations (2013M-357)
… Purpose of Audit The purpose of our audit was to determine whether District controls are adequate to ensure that financial activity is properly recorded and … declined 74 percent from approximately $120,000 in 2010 to $30,000 in 2012 and available cash decreased from $131,000 …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/02/14/richmond-fire-district-internal-controls-over-financial-operations-2013mEast Moriches Union Free School District - Budget Review (B7-15-5)
… reasonable, except for appropriations for tuition fees for high school students, charter school tuition fees and social …
https://www.osc.ny.gov/local-government/audits/school-district/2015/04/09/east-moriches-union-free-school-district-budget-review-b7-15-5North Colonie Central School District – Claims Processing (2013M-9)
… Purpose of Audit The purpose of our audit was to evaluate the District’s … The Board adopted claims processing policies which require all claims to be audited prior to payment except for certain … District policy requires the claims auditor to ensure that all claims are properly authorized, itemized, supported and …
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/29/north-colonie-central-school-district-claims-processing-2013m-9Village of Suffern - Budget Review (B20-6-2)
… and $2.67 million in sewer rent revenue. However, based on collections of water and sewer rents in prior years, we …
https://www.osc.ny.gov/local-government/audits/village/2020/04/17/village-suffern-budget-review-b20-6-2Town of Wayne – Justice Court (2013M-52)
… accurate monthly reports to the JCF no later than the tenth day of the succeeding month and remit moneys received …
https://www.osc.ny.gov/local-government/audits/town/2013/05/24/town-wayne-justice-court-2013m-52Stay Informed – Special 20- and 25-Year Plans
… are an important part of a solid financial plan. They can help you and your beneficiaries achieve financial security in … and notify us of any errors promptly. Visit our website to find forms , publications , and tips on Preparing for …
https://www.osc.ny.gov/retirement/publications/1517/stay-informedCUNY Bulletin No. CU-409
… Purpose To explain OSC’s automatic processing of increments and … is complete for Pay Period 8C, OSC will automatically apply Increments to annual salaried employees in grade 980 … that position, and the salary is below the ‘Last 1 year step’ (Max) on the schedule for that position, OSC will …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-409-cuny-increment-payments-effective-july-1-2010CUNY Bulletin No. CU-373
… position, and the salary is below the ‘Last 1 year step’ (Max) on the schedule for that position, OSC will … employee’s Salary Rate is equal to the ‘Last 1 year step’ (Max) on the schedule for that position, OSC will … the incremented salary is below the ‘Last 1 year step’ (Max) on the schedule, the increment code will remain 0701. If …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-373-cuny-increment-payments-effective-july-1-2009Opinion 94-5
… commissions, departments and agencies of the town, it does not, in our view, provide authority for the publication …
https://www.osc.ny.gov/legal-opinions/opinion-94-5State Comptroller DiNapoli Releases Municipal & School Audits
… audits were issued. Fillmore Central School District – Credit Cards and Purchase Cards (Allegany County) Although … that could have led to potentially inappropriate card use, including approximately $38,000 in charges were not … 2023. It did not develop a written multiyear financial or capital plan to help guide budget development and save for …
https://www.osc.ny.gov/press/releases/2023/12/state-comptroller-dinapoli-releases-municipal-school-audits-0More State Investment and Policies Can Create New Opportunities in Hudson Valley Which Saw Unique Gains
… of our food supply system. This is especially true in the Hudson Valley where sales of farm products topped $300 … for farmers. Some of the important findings for the Hudson Valley: There were 2,280 farms in the Hudson Valley in 2022, a 2% increase from 2017 as both Ulster …
https://www.osc.ny.gov/press/releases/2024/11/more-state-investment-and-policies-can-create-new-opportunities-hudson-valley-which-saw-unique-gainsCUNY Bulletin No. CU-606
… Purpose To inform agencies of OSC’s automatic processing of the January 2018 Increments and provide agency instructions … yearly increments are to be paid in January and July for all eligible PSC represented employees. Effective Date(s) … review after the automatic payments have been processed. All reports will be sorted by agency code, then by employee …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-606-january-2018-city-university-new-york-cuny-incrementsDiNapoli: Former City of Corning Clerk Arrested for Stealing Public Funds
… receipts; water and sewer fees; and parking summons fees. “I‘m dismayed that we continue to uncover local officials who … steal taxpayer money,” said DiNapoli. “Local governments need to make sure proper controls are in place to protect … be finalized this month. DiNapoli encourages the public to help fight fraud and abuse. New Yorkers can report …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-former-city-corning-clerk-arrested-stealing-public-fundsVillage of Owego - Board Oversight and Financial Operations (2018M-101)
… implemented adequate internal controls to safeguard money in the custody of the Clerk-Treasurer’s office. Key Findings … duties or provide sufficient oversight of their work. As a result, many of their duties were performed without Board …
https://www.osc.ny.gov/local-government/audits/village/2018/09/21/village-owego-board-oversight-and-financial-operations-2018m-101Special Accidental Death Benefit – New Career Plan
… benefit, a special accidental death benefit will be paid to your surviving spouse. If the surviving spouse receiving … accidental death benefit dies, this benefit will be paid to your children who are under the age of 18, or if they are … The special accidental death benefit is a pension equal to your salary reduced by: The accidental death benefit …
https://www.osc.ny.gov/retirement/publications/1515/special-accidental-death-benefitConnetquot Central School District – Financial Condition (2015M-98)
… Purpose of Audit The purpose of our audit was to evaluate the District’s financial activities for the … consistently appropriated fund balance that was not needed to finance operations, which, in effect, exceeded the … balance. District officials used surplus funds each year to finance reserves instead of funding reserves through the …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/14/connetquot-central-school-district-financial-condition-2015m-98Bay Shore Union Free School District – Financial Condition and Audit of Claims (2015M-57)
… The Bay Shore Union Free School District is located in the Town of Islip, Suffolk County. The District, which is …
https://www.osc.ny.gov/local-government/audits/school-district/2017/11/22/bay-shore-union-free-school-district-financial-condition-and-audit-claimsRenaissance Academy Charter School of the Arts – Financial Operations (2016M-198)
… education to approximately 250 students, is located in the Town of Greece, Monroe County. The School, which is a …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/12/renaissance-academy-charter-school-arts-financial-operations-2016m-198Morris Central School District – Fund Balance Management (2023M-47)
… taxpayers and the District levied more taxes than needed to fund operations. The Board overestimated appropriations … by approximately $1.1 million (10.1 percentage points) to $2 million (21 percentage points). Four of the District’s 10 reserves were not reasonably funded, or used to pay related expenditures, during the three fiscal years. …
https://www.osc.ny.gov/local-government/audits/school-district/2023/07/28/morris-central-school-district-fund-balance-management-2023m-47