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DiNapoli: 529 College Savings Program Lowers Fees
… announced today. "We're making it easier for New Yorkers of all income levels to invest in their loved ones' futures … and now charge among the lowest fees in the country." This is the tenth fee reduction in the last 15 years. The largest … 529 plans in the country, New York State's 529 Program is also ranked one of the top programs in the nation. On …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-529-college-savings-program-lowers-feesOpinion 88-46
… This opinion represents the views of the Office of the State Comptroller at the time it was … as to whether such an agreement would be proper. While it is not a function of this Office to review the propriety of … appropriate officer or body of the lead municipality. It is proposed that, once the fiscal officer of the lead …
https://www.osc.ny.gov/legal-opinions/opinion-88-46Hadley-Luzerne Central School District – Financial Condition (2012M-188)
… Purpose of Audit The purpose of our audit was to evaluate the … Background The Hadley-Luzerne Central School District is located in Saratoga and Warren Counties. The District has … almost 22 percent over the past 10 years. The District is managed by a Board of Education comprising five elected …
https://www.osc.ny.gov/local-government/audits/school-district/2013/01/25/hadley-luzerne-central-school-district-financial-condition-2012m-188XVI.4.A Cash and Investments – XVI. Financial Reporting
… ) most recently updated by GASB Statement No. 72 - Fair Value Measurement and Applicatio n GASB Statement No. 28 … which requires reporting by the Investment Type, Fair Value and Investment Maturities in Years (segregated by: … currency risk by investment, currency, maturity, and fair value. Disclose foreign currency-denominated investments …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4a-cash-and-investmentsRockville Centre Union Free School District – School Lunch Fund Financial Condition (2016M-139)
… Purpose of Audit The purpose of our audit was to analyze the school … The Rockville Centre Union Free School District (District) is located in the Village of Rockville Centre and includes … seven school buildings for approximately 3,550 students, is governed by a five-member Board of Education. Budgeted …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/rockville-centre-union-free-school-district-school-lunch-fund-financialOpinion 96 - 11
… This opinion represents the views of the Office of the State Comptroller at the time it was … for the sale of real property to voter approval. This is in reply to your inquiry concerning certain land … not presently have any intended use for the property and is considering sale of the property. You ask whether the town …
https://www.osc.ny.gov/legal-opinions/opinion-96-11Franklin Square Union Free School District – Fund Balance (2016M-129)
… Purpose of Audit The purpose of our audit was to evaluate the … Background The Franklin Square Union Free School District is located in the Town of Hempstead in Nassau County. The … elementary schools with approximately 1,840 students, is governed by a five-member Board of Education. Budgeted …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/franklin-square-union-free-school-district-fund-balance-2016m-129Canaseraga Central School District – Cafeteria Cash Receipts (2014M-57)
… Purpose of Audit The purpose of our audit was to evaluate internal … 2014. Background The Canaseraga Central School District is located in the Towns of Almond, Birdsall, Burns and Grove … Steuben County. It enrolls approximately 235 students and is governed by a five-member elected Board of Education. The …
https://www.osc.ny.gov/local-government/audits/school-district/2014/06/06/canaseraga-central-school-district-cafeteria-cash-receipts-2014m-57Fiscal Stress Monitoring System – 2022-23 Not Filed and Inconclusive Schools
This list includes schools with a 2023 fiscal year end. The schools noted did not file their annual financial report or reported data that was inconclusive for FSMS purposes as of the date their score was to be calculated, and therefore a fiscal stress score could not be calculated.
https://www.osc.ny.gov/files/local-government/fiscal-monitoring/pdf/2023-schools-not-filed.pdfCommon Reporting Errors: From AUD to AFR
In this session, you will learn about common reporting errors made by local governments when completing annual reports and our staff will explain how to correctly report the underlying transactions. The presenters will provide examples of these errors as made in the Annual Update Document (AUD) and
https://www.osc.ny.gov/files/local-government/academy/pdf/common-reporting-errors-aud-afr-12-7-22.pdfSelected Management and Operations Practices (2020-S-38)
To determine whether the New York Power Authority’s (NYPA) electric vehicle initiatives and programs placed the Charge NY and Charge NY 2.0 charging stations in locations where the intent of these initiatives could be achieved. We also determined whether NYPA’s EVolve NY program met its initial ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-20s38.pdfFiscal Stress Monitoring System - Not Filed and Inconclusive Schools Fiscal Years Ending 2021
This list includes schools with a 2021 fiscal year end. The schools noted did not file their annual financial report or reported data that was inconclusive for FSMS purposes as of the date their score was to be calculated, and therefore a fiscal stress score could not be calculated.
https://www.osc.ny.gov/files/local-government/fiscal-monitoring/pdf/2021-schools-not-filed.pdfRockland County – Budget Review (B6-13-22)
… Purpose of Audit The purpose of our budget review was to determine … year are reasonable. Background The County of Rockland is authorized to issue debt totaling $96,000,000 to liquidate … deficit. The residential energy tax revenue estimate is overly optimistic given the amount collected in 2013. The …
https://www.osc.ny.gov/local-government/audits/county/2013/11/25/rockland-county-budget-review-b6-13-22Lily Dale Volunteer Fire Company – Internal Controls Over Financial Operations (2013M-336)
… Purpose of Audit The purpose of our audit was to determine whether … controls are adequate to ensure that financial activity is properly recorded and reported and that Company moneys are … 1, 2012 through October 10, 2013. Background The Company is located in the Town of Pomfret, in Chautauqua County. The …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/01/31/lily-dale-volunteer-fire-company-internal-controls-over-financialSubway Wait Assessment
… the Program Under the Public Authorities Law, the MTA is required to issue an annual report on its mission … reports list Subway Wait Assessment (WA) as an indicator of the MTA’s progress toward its goal of providing reliable … According to Transit Operations Planning (OP), subway WA is calculated at time points, which should consist of between …
https://www.osc.ny.gov/state-agencies/audits/2020/09/03/subway-wait-assessmentMore About This Retirement Plan – Forest Rangers Plan
… covered by the Forest Rangers Retirement Plan. (There is no Tier 4 in the Police and Fire Retirement System.) These benefits are provided by Section 383-c of the New York State Retirement and Social Security Law … State of New York, administers this plan. Our main office is in Albany, New York. This publication provides a general …
https://www.osc.ny.gov/retirement/publications/1864/more-about-retirement-planCattaraugus County - Onoville Marina and Probation Department (2018M-32)
… accounted for and enforced the collection and disbursement of all funds. Key Findings Marina employees did not … offenders and locate crime victims to whom restitution is owed. Key Recommendations Maintain copies of tickets or … evidence documenting receipt (e.g., pressnumbered tickets) is available and retained. Take further action to enforce …
https://www.osc.ny.gov/local-government/audits/county/2018/09/07/cattaraugus-county-onoville-marina-and-probation-department-2018m-32Fulton Public Library – Cash Receipts and Disbursements (2017M-269)
… Purpose of Audit The purpose of our audit was to determine whether … through May 31, 2017. Background The Fulton Public Library is located in Oswego County and is classified as a school district public library. The …
https://www.osc.ny.gov/local-government/audits/library/2018/03/23/fulton-public-library-cash-receipts-and-disbursements-2017m-269Islip Union Free School District – Financial Condition (2013M-213)
… Purpose of Audit The purpose of our audit was to examine the … 30, 2013. Background The Islip Union Free School District is located in the Town of Islip in Suffolk County. The District is governed by the Board of Education which comprises five …
https://www.osc.ny.gov/local-government/audits/school-district/2013/09/27/islip-union-free-school-district-financial-condition-2013m-213Hancock Central School District – School Lunch Operations (2015M-176)
… Purpose of Audit The purpose of our audit was to determine whether … 14, 2015. Background The Hancock Central School District is located in the Towns of Hancock, Deposit and Tompkins in … that service approximately 380 students and 150 employees, is governed by a five-member Board of Education. Budgeted …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/20/hancock-central-school-district-school-lunch-operations-2015m-176