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Tier 1 Death Benefits – Career Plan
… Ordinary Death Benefit This benefit is equal to 1/12th (8.33 percent) of your last year’s earnings, multiplied by your years of service credit, up to 36 years. Alternative Death Benefit If you die while in … death benefit may be payable. This benefit would be equal to the initial value of your pension under the provisions of …
https://www.osc.ny.gov/retirement/publications/1642/tier-1-death-benefitsTier 1 Death Benefits – New Career Plan
… Ordinary Death Benefit This benefit is equal to 1/12th (8.33 percent) of your last year’s earnings, multiplied by your years of service credit, up to 36 years. Alternative Death Benefit If you die while in … death benefit may be payable. This benefit would be equal to the initial value of your pension under the provisions of …
https://www.osc.ny.gov/retirement/publications/1515/tier-1-death-benefitsXV.2 Fiscal Year Period – XV. End of Year
… System (SFS) is April 1 – March 31, the State Fiscal Year, for all Business Units, including those which operate under a … of law and to complete the execution of the financial plan for the State Fiscal Year, the last business day of the State … System SFS is April 1 March 31 the State Fiscal Year for all Business Units including those which operate under a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv2-fiscal-year-periodOpinion 2000 - 13
… that bear on the issues discussed in the opinion. FIRE COMPANY - Membership (eligibility to join second company) TOWN LAW §176-b(10): An individual who is a member of a volunteer fire company may not join a second company unless he or she first … fire department who seeks membership in a second volunteer company has automatically vacated membership in the first …
https://www.osc.ny.gov/legal-opinions/opinion-2000-13Examples from GASB Statement 34 - Sample City Balance Sheet Governmental Funds
… CT 06856 are reprinted by permission. Sample City Balance Sheet Governmental Funds December 31, 2002 General Fund HUD … Examples from GASB Statement 34 Sample City Balance Sheet Governmental Funds …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-2DiNapoli: NY State Pension Fund Purchases $20 Million in State of Israel Bonds
… Retirement Fund has purchased an additional $20 million in Israel bonds offered by Development Corporation for Israel, New York State Comptroller Thomas P. DiNapoli … The purchase brings the state pension fund’s holdings in Israel bonds to $267.8 million. “New York state’s pension …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-ny-state-pension-fund-purchases-20-million-state-israel-bondsEconomic and Demographic Trends – 2022 Financial Condition Report
… 2019 employment levels. New York Ranked 47th Nationwide for Personal Income Growth in 2021 Personal income in 2021 … total in 2021, ranking third nationwide. New York ranked 25th for economic growth in 2021 (5.0 percent). Tennessee had the …
https://www.osc.ny.gov/reports/finance/2022-fcr/economic-and-demographic-trendsOpinion 94-16
… of bank as depository when IDA governing board member and treasurer is stockholder) -- Stock Ownership … of bank as depository when IDA governing board member and treasurer is stockholder) -- Industrial … because he or she owns less than 1% of the stock of a bank named as a depository of the IDA. In addition, disclosure of …
https://www.osc.ny.gov/legal-opinions/opinion-94-16DiNapoli Releases Municipal Audits
… , City of Batavia , Caton No. 1 Fire District , Town of Henrietta , Village of Middleport , Slaterville Springs Fire … an annual audit of her records and reports. Town of Henrietta – Financial Management and Purchasing (Monroe … County City of Batavia Caton No 1 Fire District Town of Henrietta Village of Middleport Slaterville Springs Fire …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-releases-municipal-auditsComptroller DiNapoli Releases School Audits
… his office completed audits of the Adirondack Central School District , Greenburgh Central School District , Greenville Central School District and the LaFargeville Central School … his office completed audits of the Adirondack Central School District Greenburgh Central School District Greenville …
https://www.osc.ny.gov/press/releases/2016/09/comptroller-dinapoli-releases-school-auditsComptroller DiNapoli Releases School Audits
… his office completed audits of the Beacon City School District , Brookfield Central School District , Chenango Valley Central School District , Fabius-Pompey Central School District , Liberty … announced completed audits of the Beacon City School District Brookfield Central School District CSD Chenango …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-school-audits-0State Comptroller DiNapoli Releases Municipal & School Audits
… York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued. Hicksville … officials did not properly account for and monitor all of the district’s fixed assets. Of the 80 fixed assets totaling $856,681 reviewed, 64 assets …
https://www.osc.ny.gov/press/releases/2023/09/state-comptroller-dinapoli-releases-municipal-school-auditsAkron Central School District - Financial Management (2018M-195)
… general fund financial condition. Key Findings As of June 30, 2017 unrestricted fund balance exceeded the …
https://www.osc.ny.gov/local-government/audits/school-district/2019/01/25/akron-central-school-district-financial-management-2018m-195Cayuga County - Procurement and Claims Audit (2018M-274)
… in accordance with the procurement policy and statutory requirements. Determine whether claims were adequately … in accordance with the procurement policy and statutory requirements …
https://www.osc.ny.gov/local-government/audits/county/2019/04/12/cayuga-county-procurement-and-claims-audit-2018m-274Dutchess County – Financial Condition (2013M-370)
… Purpose of Audit The purpose of our audit was to review the County’s budgeting … real property taxes, sales and use taxes and State and Federal aid. Key Finding The County enterprise funds users’ … respective expenses. The County’s general fund has had to subsidize a significant portion of both enterprise funds’ …
https://www.osc.ny.gov/local-government/audits/county/2014/03/14/dutchess-county-financial-condition-2013m-370Town of Red Hook - Financial Condition (2018M-171)
… to 70 percent of annual expenditures. The policy did not define the time periods or means for which fund balance will … policy to ensure reasonable levels of fund balance and define timing and means of replenishment. Formalize and adopt …
https://www.osc.ny.gov/local-government/audits/town/2018/11/02/town-red-hook-financial-condition-2018m-171Meridale Rural Fire District - Management of Fund Balance (2018M-178)
… from 2014 to 2017, which could fund over three years’ worth of expenditures. On average, actual expenditures were … formal financial plans. Key Recommendations Reduce the amount of unassigned fund balance and use the excess as a …
https://www.osc.ny.gov/local-government/audits/fire-district/2018/11/30/meridale-rural-fire-district-management-fund-balance-2018m-178Science Academies of New York Charter Schools – Purchase versus Lease of Buildings (2017M-279)
… Purpose of Audit The purpose of our audit was to determine whether the Board conducted an appropriate cost-benefit analysis when deciding whether to lease or purchase school buildings for the period July 1, … did not analyze purchasing options before deciding to lease buildings. We estimate SANY could have achieved …
https://www.osc.ny.gov/local-government/audits/charter-school/2018/03/30/science-academies-new-york-charter-schools-purchase-versus-lease-buildingsHartsdale Volunteer Fire Company – Board Oversight (2017M-227)
… resources are properly safeguarded for the period January 1, 2015 through July 10, 2017. Background The Hartsdale Fire … the Town of Greenburg and provides fire protection for a 4.5 square mile area. The Company is governed by a three-member Board of …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2018/02/09/hartsdale-volunteer-fire-company-board-oversight-2017m-227Village of Hobart - Board Oversight (2018M-88)
… $76,200 in real property taxes over the last 12 years for two unused properties that did not benefit taxpayers. A … annual financial report and supporting records. Explore selling the unused properties or consider placing these …
https://www.osc.ny.gov/local-government/audits/village/2018/08/24/village-hobart-board-oversight-2018m-88