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Overview – Governmental Accounting Standards Board
… Statement No. 67 and Statement No. 68 , outline how pension plan liabilities are accounted for and disclosed in the financial reporting statements of public pension plans and participating employers. These are intended to improve pension information and increase the transparency, …
https://www.osc.ny.gov/retirement/employers/gasb/overviewAccounts Payable Advisory No. 35
… Subject: Updates to the payment terms available in the Statewide Financial System (SFS) Reference: Guide to … Selecting the Appropriate Payment Terms Update: The Office of the State Comptroller (OSC) updated the list of payment …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/35-voucher-payment-termsOpinion 98-20
… minimum service requirement for appointment to fire police squad) GENERAL MUNICIPAL LAW, §209-c; TOWN LAW, §176(11): An … qualified individual may be assigned to a fire police squad immediately upon becoming a member of a fire company of … service requirement for appointment to a fire police squad, if the board determines that such a requirement is …
https://www.osc.ny.gov/legal-opinions/opinion-98-20Opinion 2002-14
… §1 of the State Constitution prohibits municipalities from giving or loaning their monies or property to or in aid … NYS2d 885 lv den 80 NY2d 754, 587 NYS2d 906; 1990 Opns St Comp No. 90-4, p 9; 1989 Opns St Comp No. 89-50, p 112). An … the consent of the property owners, may need to pump water from the property owners' basements in order to better assess …
https://www.osc.ny.gov/legal-opinions/opinion-2002-14XVI.3.D Basis of Accounting/Measurement Focus – XVI. Financial Reporting
… statement measures those transactions and events of the period that have increased or decreased the resources … "available" is defined as expected to be collected within twelve months after the fiscal period ended. Under the … is incurred, measurable, and expected to be paid within twelve months of the fiscal period ended. However, there are …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3d-basis-accountingmeasurement-focusState Comptroller DiNapoli Releases Municipal & School Audits
… workbooks were ordered. Corning City School District – Claims Auditing (Steuben County) The district’s claims … the significant revenue and expenditure projections in the 2024 proposed budget are reasonable. The county’s proposed … amount budgeted by approximately $440,000. The proposed 2024 budget includes overtime funding of $500,000 for the …
https://www.osc.ny.gov/press/releases/2023/11/state-comptroller-dinapoli-releases-municipal-school-auditsState Agencies Bulletin No. 1952
… the PEF Nurse Uniform Maintenance Allowance. Affected Employees Employees in certain Professional, Scientific, and … and Article 7.18 of the 2019-2023 Agreement between the State of New York and PEF provide for a one-time lump sum … be submitted beginning in Institution or Administration pay period 16L, using the following effective dates and check …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1952-uniform-maintenance-allowance-employees-nursing-titles-representedOpinion 90-34
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … fire insurance tax moneys. The distribution and use of foreign fire insurance tax moneys are governed generally …
https://www.osc.ny.gov/legal-opinions/opinion-90-34Cost-Saving Ideas: Managing Workers' Compensation Costs
… a mandatory benefit. Local governments can get insurance for workers’ compensation in one of four ways: Purchase a … on various factors such as employee wages, level of risk for each job classification and your experience rating. You … to determine the job classification and salary allocations for workers' compensation purposes). If your audit indicates …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-managing-workers-compensation-costsDiNapoli Announces Results of General Obligation Bond Sale
… Bonds to Wells Fargo Bank, National Association with a true interest cost bid of 2.103999 percent; Series 2018B Taxable Bonds to Piper Jaffray & Company with a true interest cost bid of 3.051441 percent; and Series 2018C … Refunding Bonds to UBS Financial Services Inc. with a true interest cost bid of 2.057387 percent. The state …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-announces-results-general-obligation-bond-saleComptroller DiNapoli Releases Municipal Audits
… , Newfield Fire Company , Town of Southold and the Union Center Fire Company . “In today’s fiscal climate, budget … and leave time were not operating effectively. Union Center Fire Company – Controls Over Company Funds (Broome …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-releases-municipal-auditsAccess Controls Over Selected Critical Systems
… To determine whether access controls over selected Office of Children and Family Services (OCFS) systems are sufficient … with promoting the safety, permanency, and well-being of children, youth, families, and vulnerable populations in … of user accounts. This included 35 active user accounts on four systems containing confidential information for …
https://www.osc.ny.gov/state-agencies/audits/2019/03/21/access-controls-over-selected-critical-systemsOpinion 97-5
… AND ASSESSMENTS -- Assessments (imposition of assessment for construction of private road) STREETS AND HIGHWAYS -- … -- Powers and Duties (construction of and assessment for private road) VILLAGE LAW, §§6-622, 22-2200: A village … road leading from a village street into property of a not-for-profit corporation, with the costs assessed against the …
https://www.osc.ny.gov/legal-opinions/opinion-97-5Town of Sullivan – Internal Controls Over Selected Financial Operations (2013M-267)
… Purpose of Audit The purpose of our audit was to evaluate the selected Town financial operations for the period January 1, 2011 to December 31, 2012. Background The Town of Sullivan is … established reserves. We found significant weaknesses with how the Clerk handled the $17.1 million of tax and penalty …
https://www.osc.ny.gov/local-government/audits/town/2013/12/27/town-sullivan-internal-controls-over-selected-financial-operations-2013m-267State Comptroller DiNapoli Releases Municipal & School Audits
… solicit interest rate quotes that may have resulted in higher investment earnings. As a result of the audit, the board subsequently approved an investment policy in March 2023 and invested $653,000. Depew Union Free School … apply for all applicable transportation state aid for new bus acquisitions. As a result, the district’s taxpayers will …
https://www.osc.ny.gov/press/releases/2023/10/state-comptroller-dinapoli-releases-municipal-school-audits-1State Comptroller DiNapoli Releases School District Audits
… Thomas P. DiNapoli today announced the following school district audits were issued. Granville Central School …
https://www.osc.ny.gov/press/releases/2021/09/state-comptroller-dinapoli-releases-school-district-auditsDiNapoli: Local Sales Tax Collections in August Grew More Than 15 Percent
… Local government sales tax collections in August were 15.5% higher than they were during the same period in 2020, making it the fifth consecutive month that … governments continue to see much stronger collections in 2021 compared to last year when the pandemic kept people …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-local-sales-tax-collections-august-grew-more-15-percentComptroller DiNapoli Releases Municipal Audits
… Town of Andes – Conflict of Interest and Cash Receipts and … Disbursements (Delaware County) Auditors determined that board member had a prohibited interest in the contracts between the town and …
https://www.osc.ny.gov/press/releases/2020/01/comptroller-dinapoli-releases-municipal-audits-0State Comptroller DiNapoli Releases Municipal Audits
… In addition, the board approved payment for 58 fuel credit card transactions, consisting of 1,181 gallons of fuel …
https://www.osc.ny.gov/press/releases/2021/02/state-comptroller-dinapoli-releases-municipal-audits-0Selected Employee Travel Expenses
… Purpose To determine whether the use of travel monies by selected government employees complied … expenses, which are discretionary and under the control of agency management, include car rentals, meals, lodging, … such as airline baggage and travel agency fees. As part of a statewide initiative to determine whether the use of …
https://www.osc.ny.gov/state-agencies/audits/2013/04/10/selected-employee-travel-expenses-0