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State Comptroller DiNapoli Releases Municipal Audits
… manage the district’s three capital reserve funds. As a result, the board reduced its transparency of financial … statutory requirements and good business practices. As a result, officials have less assurance that the purchase was … $37,561 before payment and did not audit the treasurer’s 2021 records. While the treasurer is required to sign all …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-auditsState Comptroller Thomas P. DiNapoli Statement on New York City's Executive Budget
… “New York City’s $98.6 billion executive budget for FY 2022 and its financial plan for FY 2022–FY 2025 reflect a drastically improved short-term budget …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-thomas-p-dinapoli-statement-new-york-citys-executive-budgetDefinitions – Contribution Stabilization Program
… Rates Employer contribution rates for each retirement plan are determined annually by NYSLRS’ Actuary and approved by … System (ERS) and Police and Fire Retirement System (PFRS) are determined following the procedures established by the … average rate and the previous graded rate. Graded rates are calculated based on a System average rate that does not …
https://www.osc.ny.gov/retirement/employers/csp/definitionsFinancial Statements and Supplementary Information
… Report 2021 Comprehensive Annual Financial Report 2020 Comprehensive Annual Financial Report 2019 Comprehensive … Statement March 31, 2021 Financial Statement March 31, 2020 Financial Statement March 31, 2019 Financial Statement … Reader. … Financial statements and supplementary details for NYSLRS such as the Annual Comprehensive Financial Report …
https://www.osc.ny.gov/retirement/resources/financial-statements-and-supplementary-informationXII.5.E Processing Vouchers Against a Purchase Order – XII. Expenditures
… should, where practicable, use purchase orders to make all purchases. The purchase order authorizes the vendor to provide goods or … of freight charges or sales tax, agencies should include all freight and sales tax charges into the Invoice Line and …
https://www.osc.ny.gov/state-agencies/chapter-xii/xii5e-processing-vouchers-against-purchase-orderPine Plains Central School District - Internal Controls Over Select Financial Activities (2018M-52)
… Key Findings Officials did not identify $93,569 in federal withholding penalties that were incurred and paid by the …
https://www.osc.ny.gov/local-government/audits/school-district/2018/06/29/pine-plains-central-school-district-internal-controls-over-selectDiNapoli: NYC Transit Should Improve Response to Safety-Related Defects
… safety defects in five categories. Most critical are the "A" defects which affect safety and security, and are revenue-related. According to the MTA, priority "A" … safe or repaired within 24 hours. Priority "B" defects are not deemed to pose a safety risk, and corrective action …
https://www.osc.ny.gov/press/releases/2017/06/dinapoli-nyc-transit-should-improve-response-safety-related-defectsState Agencies Bulletin No. 902
… and 2007 in the “Forms” section of the OSC website. (The link to this secure area was emailed to agency payroll staff …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/902-new-procedure-reissue-prior-year-form-w-2-tax-years-2005-2006-and-2007DiNapoli Releases July State Cash Report
… State income tax collections increased $88.2 million in July from a year earlier, helping lift the state’s total tax collections slightly above updated projections this month, according to the state cash report issued today … tax collections, down nearly $1.5 billion or 9.2 percent, for the year to date. Overall tax collections totaled $23.1 …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-releases-july-state-cash-reportDiNapoli Proposal Would Provide More Accountability for Personal Income Tax Check-Off Funds
… Legislation being proposed by State Comptroller Thomas P. DiNapoli would require the entities administering tax check off funds to improve efforts to spend dedicated … on their personal income tax forms, but too much of this money remains unused when it should be fighting …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-proposal-would-provide-more-accountability-personal-income-tax-check-fundsXVI.4.C Federal Grant Accruals – XVI. Financial Reporting
… and Document Preparation: INTRODUCTION Federal grants are generally classified as government-mandated or voluntary … purposes and/or time requirements. These transactions are characterized by the following traits: The provider … a transaction to occur. Voluntary nonexchange transactions are characterized by agreements accepted by two or more …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4c-federal-grant-accrualsState Comptroller DiNapoli Releases School District Audits
… all transportation aid in a timely manner and were at risk of losing $20,513 for new bus acquisitions. The district also … seven buses. However, after auditors identified the risk of lost aid, the treasurer prepared and submitted state aid applications for five of these buses and indicated she will file for the remaining …
https://www.osc.ny.gov/press/releases/2021/08/state-comptroller-dinapoli-releases-school-district-auditsState Agencies Bulletin No. 947
… to the employee’s paychecks. All Form W-5s that were filed for the 2009 calendar year will expire on December 31, 2009. Employees who are eligible for advance payments of their Earned Income Tax Credit in … on December 31, 2009 OSC Actions OSC will issue Control-D report, NTAX113, Reset W-5 EIC Report/Update. This report …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/947-agency-instructions-employees-who-claim-advance-earned-income-tax-creditState Police Bulletin No. SP-89
… Purpose To provide the agency with procedures for processing the payment. Affected Employees Employees … criteria Effective Date(s) Payment will be made in a separate check dated December 14, 2005 Background Section … The Holiday Bonus Pay shall be four days of pay for employees in Bargaining Unit 62 who are on Active or Paid …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-89-2005-state-police-holiday-bonus-payCUNY Bulletin No. CU-291
… Purpose To explain the agency procedures for reporting rate increases. Affected … Mechanic, Auto Mechanic (CUNY) or Machinist Effective Date The increase is effective 4/29/07 and may be submitted in Pay … for employees in Active, Paid Leave or LOA status: For all rate increases, request a Pay Change with the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-291-salary-rate-increases-auto-mechanics-auto-mechanics-cunyWithdrawing Your Contributions and/or Your Membership – Special 20- and 25-Year Plans
Special 20 and 25Year Plan for PFRS Tiers 2 3 Article 11 5 and 6 under Sections 384 384d and 384e Withdrawing Your ContributionsMembership
https://www.osc.ny.gov/retirement/publications/1517/withdrawing-your-contributions-andor-your-membershipMandatory Service Credit Purchase Payments – Enhanced Reporting
… Service credit purchase (SCP) payments for mandatory member … made. If the member is in a contributory plan, they must purchase this service credit to avoid a reduction in their …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/mandatory-service-credit-purchase-paymentsState Comptroller DiNapoli Releases School District Audits
… New York State Comptroller Thomas P. DiNapoli today announced the … adopt realistic budgets or maintain reasonable levels of fund balance. However, reserves were generally funded at … at Open Book New York . Track municipal spending, the state's 180,000 contracts, billions in state payments and …
https://www.osc.ny.gov/press/releases/2020/11/state-comptroller-dinapoli-releases-school-district-auditsDiNapoli: Tax Cap Below Two Percent
… first applied to local governments and school districts in 2012, limits annual tax levy increases to the lesser of … inflation or 2 percent with certain exceptions, including a provision that allows municipalities to override it. The … 31 had their levy growth capped at less than 2 percent in three years. Levy growth was capped at 2 percent for these …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-tax-cap-below-two-percentDiNapoli: Bradford Fire Company Treasurer Pleads Guilty to Stealing $8,500 in Public Funds
… treasurer Sherry Hamilton pleaded guilty to Grand Larceny in the Fourth Degree after an audit and investigation found she misappropriated approximately $8,500 in fire company funds, State Comptroller Thomas P. DiNapoli … company records to conceal her crimes. She was arrested in July 2016. "Sherry Hamilton abused her position of trust …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-bradford-fire-company-treasurer-pleads-guilty-stealing-8500-public-funds