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Village of Endicott – Disbursements (2021M-124)
… are for appropriate purposes, adequately supported or properly audited. Key financial duties were not adequately … Bank reconciliations were not performed correctly or in a timely manner. Claims were not properly audited. Of … Key Recommendations Segregate financial duties or establish mitigating controls. Complete bank …
https://www.osc.ny.gov/local-government/audits/village/2021/11/24/village-endicott-disbursements-2021m-124Urban Choice Charter School – Information Technology (2013M-53)
… Background The Urban Choice Charter School is located in the City of Rochester and is governed by the Board of …
https://www.osc.ny.gov/local-government/audits/charter-school/2013/05/17/urban-choice-charter-school-information-technology-2013m-53Depew Union Free School District – Investment Program (2023M-77)
… (District) officials developed and managed a comprehensive investment program. Key Findings District officials did not develop and manage a comprehensive investment program. The Business Administrator (BA) and District officials did not invest available funds in financial institutions that offered higher interest rates, …
https://www.osc.ny.gov/local-government/audits/school-district/2023/10/20/depew-union-free-school-district-investment-program-2023m-77DiNapoli: State Pension Fund Value $210.2 Billion
… an estimated value of $210.2 billion, which is subject to change once returns are fully audited. The Fund’s audited … year 2018 was $207.4 billion. “The Fund’s value continued to grow during its 2019 fiscal year and remains well positioned to meet its long term return expectations and provide …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionDivision of Housing and Community Renewal Bulletin No. DH-88
… letter contained in the 2011-2016 Agreements between the State of New York and the District Council 37 (DC-37), …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-88-2017-rrsu-over40-comp-time-ii-cash-outState Agencies Bulletin No. 1343
… and the SFS system, allowing for easier reconciliation of payroll charges. Effective Date(s) Institution pay checks … All employees paid through PayServ. OSC Actions OSC Payroll is planning on converting the Payroll System to the new chart of accounts as of the first …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1343-new-york-state-payroll-system-payserv-conversion-statewide-financialOpinion 89-37
… or statutory amendments that bear on the issues discussed in the opinion. STATE COMPTROLLER -- Powers and Duties … A license must be obtained from the the local government in order to carry on the business of collateral loan broker. In addition, a licensed collateral loan broker must file a …
https://www.osc.ny.gov/legal-opinions/opinion-89-37Compliance With Payment Card Industry Standards
… security-based questionnaires. All industries that accept credit cards as a method of payment must comply with the Data … designed to protect cardholder data. SUNY schools accept credit cards as a method of payment (e.g., for tuition, … fines and penalties, as well as lose the ability to accept credit card payments. Key Findings SUNY schools were …
https://www.osc.ny.gov/state-agencies/audits/2016/06/08/compliance-payment-card-industry-standardsDeath Benefits – Divorce and Your Benefits
… of an accidental death benefit are designated by law (RSSL, Sections 61, 361, 509 and 607). NYSLRS has no … to pay the ex-spouse . Only the beneficiaries designated by law may receive this benefit, even if there is a … many Employees’ Retirement System (ERS) plans are covered by a post-retirement death benefit. The benefit is payable …
https://www.osc.ny.gov/retirement/members/divorce/death-benefitsDivision of Housing and Community Renewal Bulletin No. DH-112
… taxes and will be reported on the employee's Form W-2. Payroll Register and Employee’s Paycheck/Advice The … Earnings Code and the amount paid will be displayed on the Payroll Register. The appropriate Earnings Description and … Questions regarding this bulletin may be directed to the Payroll Earnings mailbox. Questions regarding tax information …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-112-2020-rrsu-over40-comp-time-ii-cash-outComptrollers DiNapoli, Lander Urge Fellow Netflix Investors to Support Workers' Rights
… announced that they have called on Netflix shareholders to support their joint proposal urging the streaming service to uphold its employees’ rights to freedom of association and … of its employees. Failure to uphold workers’ rights can damage the company and its investors.” “Netflix can and must …
https://www.osc.ny.gov/press/releases/2023/05/comptrollers-dinapoli-lander-urge-fellow-netflix-investors-support-workers-rightsManagement of Invasive Species (Follow-Up)
… 2019-S-26 ) . About the Program Many species of plants and animals currently found in New York State are not … risks to public safety, human illness, or damage to crops and livestock, and are deemed "invasive." In New York, invasive species …
https://www.osc.ny.gov/state-agencies/audits/2021/11/19/management-invasive-species-followDiNapoli: Lack of Transparency With School Districts' Financial Reports May Leave Taxpayers in the Dark
… on their websites, according to a report released today by State Comptroller Thomas P. DiNapoli. When they did post the … District Website Transparency Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-lack-transparency-school-districts-financial-reports-may-leave-taxpayers-darkDiNapoli: State Pension Fund Value $178.1 Billion
… New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) earned a 0.19 percent return on …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billionEconomic and Demographic Trends – 2022 Financial Condition Report
… over 226,000 jobs, an increase of 2.6 percent compared to growth nationally of 5.6 percent. Employment in the State … State’s unemployment rate fell from 9.9 percent in 2020 to 6.9 percent in 2021. The leisure and hospitality sector, … and insurance sector had the largest growth (13.3 percent) due, in part, to large growth in bonuses paid in the first …
https://www.osc.ny.gov/reports/finance/2022-fcr/economic-and-demographic-trendsState Agencies Bulletin No. 1168
… July 2, 2012 Background On July 2, 2012, the New York State Payroll System, PayServ, will begin using the most …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1168-peoplesoft-people-tools-upgrade-payservDiNapoli: Fast Food Companies Agree to Stronger Supplier Oversight
… New York State Comptroller Thomas P. DiNapoli today announced … independent monitoring of their compliance. 2014 - Dollar Tree, Dillard’s and Guess? Inc. agreed to increase …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-fast-food-companies-agree-stronger-supplier-oversightRepaying Your NYSLRS Loan after Retirement
… an outstanding loan to repay that loan and increase their pension. Retirees cannot take a new loan from NYSLRS. If you … Need to pay? If you retired with an outstanding loan, your pension was reduced each month, but that monthly reduction … form to send back with your payment. You can pay by check or money order, made out to the New York State and …
https://www.osc.ny.gov/retirement/retirees/repaying-your-nyslrs-loan-after-retirementOpinion 96-6
… to procurement of insurance) GENERAL MUNICIPAL LAW, §§104-b, 800(3): A town supervisor who places insurance … insurance contracts. Article 18 of the General Municipal Law (§800 et seq .) contains the provisions of law which … is deemed to have an "interest" in the contracts of a firm, partnership or association of which he or she is a …
https://www.osc.ny.gov/legal-opinions/opinion-96-6Woodgate Volunteer Fire Department – Financial Controls (2014M-120)
… Inc. is located in the Town of Forestport, Oneida County, and is governed by an elected five-member Board of Directors. … prepares a written annual report of all moneys received and disbursed. Appoint an Auditing Committee to audit the … only after bills have been approved by the membership and that checks include two signatures. … Woodgate Volunteer …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2014/07/03/woodgate-volunteer-fire-department-financial-controls-2014m