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Tri-Valley Central School District - Financial Management (2020M-17)

… reserve was overfunded by nearly $1.9 million as of June 30, 2019. When unused appropriated fund balance and the …

Rochester City School District - Budgeting and Multiyear Financial Planning (2020M-44)

… budget was realistic and structurally balanced based on historical or known trends. Key Findings The Board and District officials neglected to use accurate estimates of appropriations to balance the 2018-19 budget, which contributed to an unplanned operating deficit of $27.4 million. The Board failed to adopt a structurally …

Copenhagen Volunteer Fire Department, Inc. – Financial Activities (2021M-114)

… activities and did not enforce bylaw provisions related to the review and approval of bills and records, and cash … agreed with our recommendations and indicated they planned to take corrective action. … Determine whether Copenhagen …

Longwood Central School District – Overtime (2021M-126)

… District (District) officials appropriately approved and documented overtime for non-instructional employees. Key … As a result, there is an increased risk that overtime costs totaling $774,499 were more than necessary. We found: The Board of Education (Board) did not adopt written policies …

Grand Island Central School District - School District Website (S9-19-31)

… Posting a prepared plan further enhances the transparency of the District’s fiscal decisions. Key Recommendations … multiyear financial plan to help residents see the impact of fiscal decisions over time. Ensure CAPs address responsibility and implementation dates of corrective action. District officials generally agreed …

Liverpool Central School District – Information Technology Assets (2020M-59)

… found that 123 items, totaling $76,425, were not recorded in the District’s inventory records. Officials could not … last comprehensive physical inventory count was conducted in 2003. District officials cannot be assured that IT assets …

Putnam Central School District – Fund Balance Management (2020M-27)

… limit by 32.7 to 42.8 percentage points at the end of the last three fiscal years. Appropriations were … fund balance levels and the District did not use all of the fund balance appropriated to finance operations for … taxes. Adopt annual budgets with realistic estimates of appropriations. Periodically review and update the …

Davenport Fire District – Financial Activities (2020M-147)

… receipts were collected and deposited in a District bank account. Complete accounting records were not maintained. The …

Hammondsport Central School District – Investment Program (2024M-63)

… as required by New York State General Municipal Law (GML) Section 39.  Key Recommendations  The audit report includes …

Oil Spill Fund

… Oil Spill Fund plays many roles, its priorities are to: pay for spill clean-up costs when the responsible party …

Taxes and Your Pension

… income tax. Your federal tax withholding is the amount of federal income tax withheld from your monthly pension … payment. Your 1099-R tax form shows the taxable amount of your NYSLRS pension and is provided annually for filing … your pension benefit at the default withholding status of “single with no adjustments” unless you inform us …

SUNY Bulletin No. SU-264

… Services employees in Bargaining Unit 08 who meet the eligibility criteria except for employees in the … Information The 2017 one-time $600 Lump Sum Payment is pensionable but is not included in the calculation of overtime. Tax …

CUNY Bulletin No. CU-460

… made in a separate check dated 2/21/13. There is no direct deposit for this payment. Background The 2012 Health … paid will appear on the employee’s paycheck stub or direct deposit advice. This payment will be made in a separate check … be issued with the employee’s regular paycheck or direct deposit advice, based on information for that check date. …

State Comptroller DiNapoli Releases Municipal & School Audits

… New York State Comptroller Thomas P. DiNapoli today announced the following local government and school … financial records, reports and unrealistic budgeting. As a result, the board was not transparent with taxpayers and fund … district officials cannot assure taxpayers that the $3.9 million invested in IT assets has been appropriately …

State Agencies Bulletin No. 1596

… Purpose To provide agencies with the 2017 calendar year-end procedures for taxable travel reimbursement. … Allowances Employee Payments Taxable Under the IRS One-Year Rule Excess PCM and Per Diem Amounts: IRS rules relating … meal allowances for non-overnight travel (day trips). One-Year Rule The IRS requires employers to report travel …

State Agencies Bulletin No. 1674

… reimbursements require withholding and Form W-2 reporting on any excess amounts paid. “Excess amount” is the portion … employers to report and withhold income and employment taxes from meal allowances for non-overnight travel (day … and are subject to employment and income taxes. Federal, State and New York City income tax withholding will be …

State Agencies Bulletin No. 1985

… exempt from Federal, State, and/or Local tax withholding in tax year 2022. Affected Employees Employees who claimed … exempt from Federal, State and/or Local tax withholding in 2021 and employees who submit withholding certificates claiming exempt in 2022 are affected. Background According to IRS Publication …

State Agencies Bulletin No. 1891

… from Federal, State, and/or Local tax withholding in tax year 2021. Affected Employees Employees who claimed exempt … who claimed exempt from Federal withholding for tax year 2020 and intend to claim exemption in 2021 must file a new Form W-4 by February 16, 2021 to claim exemption for tax year 2021. The New York …

Eliminate Notary Requirement on Membership Application

… Program Legislative Session 2015-2016: Signed into law on July 21, 2016 as Chapter 123 of the Laws of 2016  – A.9348 (Abbate) – Eliminates the requirement that …

IX.12 Overview – IX. Federal Grants