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Town of Brownville Joint Fire District - Board Oversight (2018M-207)
… Determine whether the Board provided adequate oversight of District financial operations. Key Findings We tested 75 of … $7,159 were not audited and approved by the Board. The District used debit cards to make purchases totaling … provider and third-party vendors (vendors) had access to District bank accounts to withdraw electronic payments. Key …
https://www.osc.ny.gov/local-government/audits/fire-district/2019/01/25/town-brownville-joint-fire-district-board-oversight-2018m-207Town of Frankfort - Board Oversight (2018M-58)
… health insurance benefits averaging $183,000 annually for elected officials in 2016 and 2017. Key Recommendations … Fiscal Responsibilities (2017M-192) , issued in 2017. 2 The former Supervisor and other prior supervisors …
https://www.osc.ny.gov/local-government/audits/town/2018/06/08/town-frankfort-board-oversight-2018m-58Town of Preston - Financial Management (2018M-81)
… Adopt budgets that include realistic estimates for revenues and expenditures. Develop and adopt a fund …
https://www.osc.ny.gov/local-government/audits/town/2018/07/13/town-preston-financial-management-2018m-81Madison County - Claims Audit and Payment Process (2019M-142)
… when required by law. Ensure all claims contain sufficient detail and supporting documentation prior to approval. Ensure …
https://www.osc.ny.gov/local-government/audits/county/2020/01/17/madison-county-claims-audit-and-payment-process-2019m-142State Comptroller Thomas P. DiNapoli Statement on MTA's Release of Its 2025-2029 Capital Program
… partners might take to help bridge that funding gap.” Recent Report MTA 2025-2029 Capital Program Scenarios …
https://www.osc.ny.gov/press/releases/2024/09/state-comptroller-thomas-p-dinapoli-statement-mtas-release-its-2025-2029-capital-programCUNY Bulletin No. CU-439
… Purpose To notify CUNY agencies of 2012 CUNY Pre-Tax Transit rate changes pursuant to IRS … dated January 12, 2012 Background The CUNY Office of Employee Benefits has requested OSC to adjust pre-tax and … in IRS Publication 15-B (2012). OSC Actions At the request of CUNY, OSC has automatically adjusted the bi-weekly CUNY …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-439-2012-cuny-pre-tax-transit-rate-changesState Agencies Bulletin No. 693
… Refer to Payroll Bulletin No. 691 , dated January 4, 2007, for information on this report. Questions Questions regarding …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/693-agency-return-address-direct-deposit-advice-statementsAudits of Local Governments: About Our Audits
… of Local Government and School Accountability [pdf] for the period January 1, 2024 through December 31, 2024 in …
https://www.osc.ny.gov/local-government/audits/audits-local-governments-about-our-auditsRetiring with an Outstanding Loan – Special 20- and 25-Year Plans
… 3 (Article 11) Members If you retire with an outstanding loan, the annuity portion of your retirement benefit will be permanently reduced . You cannot pay off your loan once you retire. The amount of your annuity reduction will be based on your age, your loan balance at retirement and the type of retirement …
https://www.osc.ny.gov/retirement/publications/1517/retiring-outstanding-loanOpinion 91-47
… or statutory amendments that bear on the issues discussed in the opinion. FEES -- Court Fees (filing of an objection to … should not be considered a part of the probate proceedings for purposes of fixing the filing fee charged by a … pursuant to SCPA, §2402(10)(iv), which section provides for a fee of $60 with respect to an "objection or answer in …
https://www.osc.ny.gov/legal-opinions/opinion-91-47Opinion 91-18
… and votes of the town board on matters relating to the confidential secretary or bookkeeper. You ask whether … of interest if a supervisor appoints his or her spouse to the position of confidential secretary or bookkeeper. Town … class, the town board must first authorize the supervisor to make such designations (Town Law, §29[15]). The town board …
https://www.osc.ny.gov/legal-opinions/opinion-91-18NY Common Retirement Fund Announces New Measures to Protect State Pension Fund From Climate Risk and Invest in Climate Solutions
… evaluation of the Fund’s integrated oil and gas holdings is part of DiNapoli’s broader review of the transition … Dana Gas Co and Unit Corp. The value of these holdings is approximately $26.8 million as of Dec. 31, 2023. DiNapoli also announced the …
https://www.osc.ny.gov/press/releases/2024/02/ny-common-retirement-fund-announces-new-measures-protect-state-pension-fund-climate-risk-and-investFormer Fire Co. Treasurer Admits Stealing $24K
… Citizens Hose Fire Company treasurer, pleaded guilty to felony grand larceny and was ordered to repay $24,440, after an audit and investigation by State … using the fire company’s credit cards and stole checks to gamble at casinos in the Finger Lakes, Central New York …
https://www.osc.ny.gov/press/releases/2019/02/former-fire-co-treasurer-admits-stealing-24kDiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter
… DiNapoli said. “Fortunately, our diverse portfolio is built on long-term sustainable investments that can weather such ups and downs and is one of the reasons we are one of the nation’s strongest … (7.76%). The Fund’s long-term expected rate of return is 5.9%. DiNapoli initiated quarterly performance reporting …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-state-pension-fund-valued-267-point-7-billion-end-first-quarterDiNapoli: State Pension Fund Valued at $274.6 Billion at End of Second Quarter
… the second quarter,” DiNapoli said. “Our diverse portfolio is built on long-term sustainable investments that can weather the market’s ups and downs, and is one of the reasons we remain one of the nation’s strongest … (8%). The Fund’s long-term expected rate of return is 5.9%. DiNapoli initiated quarterly performance reporting …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-pension-fund-valued-274-point-6-billion-end-second-quarterXI.14.B Publication of Grants Opportunities – XI. Procurement and Contract Management
… (DED) will publish grant opportunities in the Contract Reporter. In addition, publication of grant opportunities in … any grant opportunity that is published in the Contract Reporter or State Register will be considered to have … 4-C. However, best practice encourages use of the Contract Reporter, as well as the Grants Opportunity Portal , as the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi14b-publication-grants-opportunitiesDiNapoli: Uber Needs to Explain What It Is Doing to Protect Riders From Sexual Assault
… New York State Common Retirement Fund*, that calls on Uber to publish a report explaining how it is addressing incidents of riders being sexually harassed and assaulted. “For Uber to succeed, its users need to feel safe and not have a shred … New York State Common Retirement Fund that calls on Uber to publish a report explaining how it is addressing incidents …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-uber-needs-explain-what-it-doing-protect-riders-sexual-assaultViolating the Terms of a DRO – Divorce and Your Benefits
… any other designation. Problems can occur when a DRO is not on file at the time of a member’s retirement. If the … or designations in accordance with RSSL Section 803-a is case specific and involves a review of all relevant … DROs. If the member’s pension payment option election is changed, the retirement benefit will be recalculated. Any …
https://www.osc.ny.gov/retirement/members/divorce/violating-terms-droExamples from GASB Statement 34 - Statement of Net Assets
… Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission. Sample City Statement …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-net-assetsManagement and Control of Overtime Costs (Follow-Up)
… not in the best interest of HHC, as employees responsible for patient care routinely worked excessive overtime shifts …
https://www.osc.ny.gov/state-agencies/audits/2014/12/23/management-and-control-overtime-costs-follow