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Service Retirement Benefits – Special 20- and 25-Year Plans
… Section 383-e? Members with 20 years or more of creditable service can retire with 50% of their Final Average Earnings … an additional 1% of their FAE for each year of creditable service beyond 20, up to a maximum of 62% of their FAE. … Section 383-f? Members with 25 or more years of creditable service can retire with 55% of their FAE, plus an additional …
https://www.osc.ny.gov/retirement/members/383-e-383-f-plans/service-retirement-benefitsIII.1 Statewide Financial System (SFS) Overview – III. Statewide Financial System (SFS)
… audit and control of Finances. NYS implemented SFS, a single instance of Oracle PeopleSoft Financials software, in …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii1-statewide-financial-system-sfs-overviewMandatory Contributions – Enhanced Reporting
… covered under Retirement and Social Security Law (RSSL) Article 14; Tier 4 and 5 members covered under RSSL Article 15; PFRS Tier 5 members covered under RSSL Article 22; ERS Tier 6 members covered under RSSL Article 15, …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/mandatory-contributionsState Comptroller DiNapoli Statement on Expansion of Geneva-Based RealEats into New Facility
… Comptroller Thomas P. DiNapoli said. “The state pension fund has invested nearly $8 million in RealEats because the … work in every corner of our state, while generating solid investment returns so public workers can have a secure retirement.” Through its In-State Private Equity Investment Program, the New York State Common Retirement Fund …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-statement-expansion-geneva-based-realeats-new-facilityNew York State Payroll
… All State Agencies City University of New York Housing and Community Renewal Other Bulletins Payroll Improvement Project … presentations related to payroll services. Payroll Users Group The New York State Payroll Users Group, established in December 1999, is a partnership between …
https://www.osc.ny.gov/state-agencies/payrollOrange County – Motor Vehicle Oversight (2015M-314)
… of our audit was to examine the County’s controls over motor vehicles for the period January 1, 2014 through July … budget for Orange County was $732.8 million, of which the motor pool is allotted approximately $2 million. Key Findings … inventory listing and conduct a physical inventory of motor vehicles. Adopt a comprehensive policy to provide …
https://www.osc.ny.gov/local-government/audits/county/2016/04/15/orange-county-motor-vehicle-oversight-2015m-314Riverhead Central School District – Vendor Master File (2017M-139)
… Audit The purpose of our audit was to examine the vendor master file for the period July 1, 2015 through March 31, … written policies or procedures for maintaining the vendor master file. The District did not have any procedures in … determine whether a vendor name is already included in the master file before creating a new entry and did not …
https://www.osc.ny.gov/local-government/audits/school-district/2017/09/22/riverhead-central-school-district-vendor-master-file-2017m-139Perry Central School District – Financial Management (2017M-118)
… audit was to examine the District’s financial condition for the period July 1, 2013 through February 24, 2017. … Perry, Castile, Warsaw and Covington in Wyoming County and a portion of the Town of Leicester in Livingston County. The … of fund balance in the annual budget. Use excess funds in a manner that benefits District taxpayers. Update the reserve …
https://www.osc.ny.gov/local-government/audits/school-district/2017/10/06/perry-central-school-district-financial-management-2017m-118Town of Greece – Information Technology (2017M-145)
… 1, 2016 through June 30, 2017. Background The Town of Greece is located in Monroe County and has a population of … Town of Greece Information Technology 2017M145 …
https://www.osc.ny.gov/local-government/audits/town/2018/01/05/town-greece-information-technology-2017m-145Columbia-Greene Community College – Information Technology (2017M-213)
… which has approximately 560 employees, is governed by a 10-member Board of Trustees. Key Findings The College has … months, with the oldest account’s last logon being over 10 years ago. The College did not adopt a breach notification policy. …
https://www.osc.ny.gov/local-government/audits/community-college/2017/12/22/columbia-greene-community-college-information-technology-2017m-213Town of Franklin – Financial Condition (2018M-8)
… Purpose of Audit The purpose of our audit was to determine whether the Town Board … 1, 2016 through December 31, 2017. Background The Town of Franklin is located in Delaware County and has a population of approximately 2,400. The Town is governed by an elected …
https://www.osc.ny.gov/local-government/audits/town/2018/03/23/town-franklin-financial-condition-2018m-8Town of New Hartford – Procurement (2017M-149)
… Purpose of Audit The purpose of our audit was to determine whether Town officials used … 1, 2015 through December 31, 2016. Background The Town of New Hartford is located in Oneida County and has a … Town of New Hartford Procurement 2017M149 …
https://www.osc.ny.gov/local-government/audits/town/2018/03/09/town-new-hartford-procurement-2017m-149Starpoint Central School District – Financial Condition (2015M-266)
… in annual budgets. Use the excess amounts in reserve funds in a manner that benefits the taxpayers and in …
https://www.osc.ny.gov/local-government/audits/school-district/2016/02/05/starpoint-central-school-district-financial-condition-2015m-266Spencerport Central School District – Financial Condition (2016M-254)
… liability reserve, liability reserve and unemployment insurance reserve are overfunded by as much as $2.7 million. … amounts reserved are necessary and reasonable and use the excess amounts in accordance with applicable statutory …
https://www.osc.ny.gov/local-government/audits/school-district/2016/10/28/spencerport-central-school-district-financial-condition-2016m-254South Kortright Central School District – Retiree Health Insurance Contributions (2016M-148)
… July 1, 2014 through February 29, 2016. Background The South Kortright Central School District is located in the … South Kortright Central School District Retiree Health …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/south-kortright-central-school-district-retiree-health-insuranceSomers Central School District – Fixed Assets (2016M-74)
… fixed assets and information technology equipment for the period July 1, 2014 through December 1, 2015. … seven-member Board of Education. Budgeted appropriations for the 2015-16 fiscal year total approximately $87 million. … agreed with the asset records. Key Recommendations Adopt a written policy that establishes capitalization or tagging …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/10/somers-central-school-district-fixed-assets-2016m-74Rockville Centre Union Free School District – School Lunch Fund Financial Condition (2016M-139)
… April 30, 2016. Background The Rockville Centre Union Free School District (District) is located in the Village of … Rockville Centre Union Free School District School Lunch Fund Financial Condition …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/08/rockville-centre-union-free-school-district-school-lunch-fund-financialShoreham-Wading River Central School District – Financial Management (2017M-75)
… our audit was to review the District’s financial condition for the period July 1, 2013 through December 31, 2016. … with approximately 2,250 students. Budgeted appropriations for the 2016-17 fiscal year total approximately $72.7 … to fund District operations. Use surplus fund balance in a manner that benefits District residents. …
https://www.osc.ny.gov/local-government/audits/school-district/2017/06/16/shoreham-wading-river-central-school-district-financial-management-2017mPhelps-Clifton Springs Central School District – Financial Condition (2016M-269)
… located in the Towns of Arcadia, Hopewell, Junius, Lyons, Manchester, Phelps and Seneca in Ontario County. The …
https://www.osc.ny.gov/local-government/audits/school-district/2016/12/09/phelps-clifton-springs-central-school-district-financial-condition-2016mMorrisville-Eaton Central School District – Online Banking (2017M-98)
… was to determine whether District officials ensured online banking transactions were appropriate for the period July 1, … million. Key Findings The Board did not adopt an online banking policy defining authorization, process and monitoring of online banking transactions. District officials did not properly …
https://www.osc.ny.gov/local-government/audits/school-district/2017/07/28/morrisville-eaton-central-school-district-online-banking-2017m-98