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DiNapoli: State Pension Fund Value $192 Billion
… actuarial assumptions, including wage growth, inflation, age of retirement and mortality. The Fund’s long-term … 7.02% 7.7% Real Estate 10.68% 6.6% Global Equities 17.04% 4.6% TIPS* 1.31% 4.3% Absolute Return Strategies 7.24% 2.9% Cash 1.58% 1.8% …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionAccess Controls Over Student Information Systems (2014-MR-1)
… purpose of our audit was to determine if school districts have adequately controlled access to Student Information … adding and changing user rights. Four of the six districts have features within SIS that allow users to assume the …
https://www.osc.ny.gov/local-government/audits/school-district/2014/08/19/access-controls-over-student-information-systems-2014-mr-1Taxes – 2022 Financial Condition Report
… Increased Significantly in SFY 2021-22 from $82.4 Billion to $121.1 Billion In SFY 2021-22, reported New York State tax … tax (PIT) collections grew by 28.6 percent due, in part, to the increase in tax rates for those with incomes over $1.1 million (the top tax rate equal to 10.9 percent for incomes over $25 million). PIT …
https://www.osc.ny.gov/reports/finance/2022-fcr/taxesAccounts Payable Advisory No. 30
… Agreements Policy: The purpose of this advisory is to inform Business Units of: the account codes for claims, … and the procedures for making payments pursuant to awards and non-judicial settlement agreements. To account for payments to recipients of claims, awards, …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/30-claims-awards-judgments-and-settlement-agreementsComptroller DiNapoli Releases School District Audits
… of internal controls over the claims audit process. Due to this system of internal controls, auditors designed our testing to determine if these procedures were being followed … officials should improve their accounting practices to accurately report fund balance. While the district’s …
https://www.osc.ny.gov/press/releases/2019/04/comptroller-dinapoli-releases-school-district-audits-0Genesee County Industrial Development Agency – Project Approval and Monitoring (2014M-66)
… Purpose of Audit The purpose of our audit was to review Genesee County … compensation. There is no data or basis to demonstrate how GCIDA established its minimum cost-benefit analysis ratio. GCIDA officials do not adequately monitor businesses’ capital investments. …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2014/05/14/genesee-county-industrial-development-agency-projectSteuben County Soil and Water Conservation District – Internal Controls Over Cash Receipts and Disbursements (2013M-97)
… Purpose of Audit The purpose of our audit was to review the accounting records and internal controls of the District for the period January 1, 2012, to February 26, 2013. Background The Steuben County Soil and … State. These Districts provide services and fund projects to improve and maintain wildlife habitat, help control and …
https://www.osc.ny.gov/local-government/audits/district/2013/08/02/steuben-county-soil-and-water-conservation-district-internal-controls-over-cashContributing Toward Your Retirement – State Police Plan
… pension benefit when you retire. You can contribute any whole percentage from 1 percent to 10 percent. Voluntary … before submitting, and speak to a tax advisor if you have questions. Tier 5 Members You must contribute 3 percent … toward your retirement benefits until you retire or have 32 years of service credit, whichever comes first. These …
https://www.osc.ny.gov/retirement/publications/1518/contributing-toward-your-retirementDivorce – Special 20- and 25-Year Plans
… may be required to name your ex-spouse as beneficiary of any pre-retirement death benefit payable. You may be required … an easy-to-complete, online DRO template . You don’t have to use the template, but because the review process is … please visit our Divorce and Your Benefits page . If you have questions, you or your legal representative should email …
https://www.osc.ny.gov/retirement/publications/1517/divorceMedicaid Program - Medicaid Overpayments for Certain Medicare Part C Claims
… providers for services rendered to recipients enrolled in UnitedHealthcare’s Medicare Advantage plan: … Background Many Medicaid recipients are also enrolled in Medicare. Such recipients are commonly referred to as “dual-eligibles.” In 1997, Congress established Medicare Part C, the Medicare …
https://www.osc.ny.gov/state-agencies/audits/2015/01/16/medicaid-program-medicaid-overpayments-certain-medicare-part-c-claimsCommunity College Safety Reporting (2015-MS-2)
… report - pdf] We also released five letter reports to the following community colleges: Fulton Montgomery [pdf] … [pdf] . Purpose of Audit The purpose of our audit was to assess community colleges’ compliance with safety … in Federal Title IV student financial aid programs to prepare, publish and distribute an Annual Security Report …
https://www.osc.ny.gov/local-government/audits/community-college/2015/08/28/community-college-safety-reporting-2015-ms-2State Comptroller DiNapoli Releases School District Audits
… The district did not claim any Medicaid reimbursements to which it was entitled, because officials believed it was not cost-effective to file Medicaid claims. However, it could not provide a current cost-benefit analysis to support its position. As a result, district taxpayers …
https://www.osc.ny.gov/press/releases/2023/01/state-comptroller-dinapoli-releases-school-district-auditsPoughkeepsie City School District – Internal Controls Over Purchasing and Claims Processing (2012M-179)
… Purpose of Audit The purpose of our audit was to examine internal controls over claims processing and purchasing for the period July 1, 2010, to March 31, 2012. Background The Poughkeepsie City School … on a contract with a certified public accountant (CPA) to provide services as the District’s claims auditor and the …
https://www.osc.ny.gov/local-government/audits/school-district/2013/01/11/poughkeepsie-city-school-district-internal-controls-over-purchasing-andNew York State Comptroller DiNapoli Statement on MTA Finances
… “Steps toward identifying $400 million in annual savings have begun in earnest, with more than $200 million in savings … these savings plans to achieve its goal and communicate any impact on services and its workforce to the public. The …
https://www.osc.ny.gov/press/releases/2023/07/new-york-state-comptroller-dinapoli-statement-mta-financesCUNY Bulletin No. CU-735
… Purpose The purpose of this bulletin is to inform CUNY agencies of the additional bargaining units … Background The City University of New York (CUNY) agreed to implement the NYS Paid Family Leave program (PFL) … has created Action/Reason codes to identify employees who have received approval to use the NY Paid Family Leave …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-735-cuny-nys-paid-family-leave-additional-bargaining-unitsState Comptroller DiNapoli Releases Municipal Audits
… ensured construction change orders were made only when warranted and after a thorough review. They avoided …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-audits-1XIII.4.D Meals and Incidental Expenses Breakdown – XIII. Employee Expense Reimbursement
… from the federal GSA per diem expense breakdowns: NYS does not reimburse employees for lunch; therefore, lunch is … not included in the NYS M&IE per diem breakdown rate. NYS does not reimburse incidental expenses separately from the M&IE allowance. NYS does not use “First & Last Day of Travel” per diem rates. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii4d-meals-and-incidental-expenses-breakdownState Agencies Bulletin No. 1702
… Purpose To notify agencies that the pensionable overtime earnings … members eligible for overtime compensation and/or limited to the Governor’s Salary cap limit of $179,900 are affected …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1702-2019-tier-6-ot-limit-and-plan-year-changes-nyc-retirement-systemsContract Advisory No. 25
… centrally organized Since the launch, 41 agencies have signed up for EDSS access and are actively using the …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/25-electronic-documents-submission-system-edssRichmond Fire District – Internal Controls Over Financial Operations (2013M-357)
… Board on a quarterly basis. The Board has not developed any long-term financial or capital plans and only receives …
https://www.osc.ny.gov/local-government/audits/fire-district/2014/02/14/richmond-fire-district-internal-controls-over-financial-operations-2013m