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Hunter-Tannersville Central School District - School District Website (S9-19-33)

… financial information was not posted, resulting in a lack of transparency. Information that was posted was limited in … Posting a prepared plan further enhances the transparency of the District’s fiscal decisions. Key Recommendations Post … multiyear financial plan to help residents see the impact of fiscal decisions over time. District officials agreed with …

https://www.osc.ny.gov/local-government/audits/school-district/2021/03/23/hunter-tannersville-central-school-district-school-district-website-s9-19

Vendor Responsibility Review Process

… vendor must have the: integrity to justify the award of public dollars; and the capacity to perform the requirements of the contract fully. Who determines responsibility It is … contracting entity’s duty to evaluate the responsibility of the vendor before awarding the contract. This is an …

https://www.osc.ny.gov/state-vendors/vendrep/vendor-responsibility-review-process

Canton Central School District - Claims Audit Process (2018M-186)

… was required to conduct an independent and thorough audit of the claims. The claims auditor did not audit and approve any of the 38 scholarship payments paid totaling $9,485 for …

https://www.osc.ny.gov/local-government/audits/school-district/2018/11/09/canton-central-school-district-claims-audit-process-2018m-186

Broome-Delaware-Tioga Board of Cooperative Educational Services (BOCES) – Real Property Leasing (2015M-312)

… Purpose of Audit The purpose of our audit was to examine BOCES officials’ process for … to 15 components school districts. BOCES is governed by a seven-member Board of Education elected by the boards of …

https://www.osc.ny.gov/local-government/audits/boces/2016/05/13/broome-delaware-tioga-board-cooperative-educational-services-boces-real-property

Examples – Article 14 Benefits

… Example: A member joins at age 22 and has ten years of service credit when he or she leaves public employment. … a vested retirement benefit at the early retirement age of 42 (the age he or she would have had 20 years of service … When you turn 62, the benefit is further reduced by 50 percent of your primary Social Security benefit. … new …

https://www.osc.ny.gov/retirement/publications/1644/examples

Chateaugay Fire Company, Inc. - Financial Activities (2018M-77)

… report - pdf] Audit Objective Determine whether the Board of Directors (Board) provided adequate oversight of operations to ensure financial activity was properly … procedures to account for all collections received by the Company. Ensure compliance with the bylaws and pay …

https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2018/08/10/chateaugay-fire-company-inc-financial-activities-2018m-77

Sullivan County Community College – Information Technology (2017M-123)

… Audit The purpose of our audit was to examine IT controls for the period September 1, 2015 through February 27, 2017. … 10-member Board of Trustees. Budgeted IT appropriations for the 2016-17 fiscal year totaled approximately $664,000. … adopt and implement written policies and procedures for the review and removal of inactive and unnecessary user …

https://www.osc.ny.gov/local-government/audits/community-college/2017/10/27/sullivan-county-community-college-information-technology-2017m-123

Cost-of-Living Adjustment – Special 20- and 25-Year Plans

… Once you meet the eligibility requirements, including age and number of years retired, your retirement benefit will permanently increase each year. This … the beneficiary is your spouse, they will be eligible to receive half of the COLA amount you would have received. For …

https://www.osc.ny.gov/retirement/publications/1517/cost-living-adjustment

Loans – Divorce and Your Benefits

… is not prohibited from taking a loan from NYSLRS , unless the DRO on file specifically prohibits loans. If the member has an outstanding loan balance at retirement, the pension will be reduced for each loan, taking into … Unless the DRO provides the ex-spouse with a share of the pension calculated without reference to any …

https://www.osc.ny.gov/retirement/members/divorce/loans

Bradford Central School District – Claims Auditor (2022M-157)

… not ensure claims had adequate supporting documentation for her review prior to approval. We reviewed 74 claims … totaling $2.96 million did not contain documentation for the claims auditor to perform a proper audit. The claims … BOCES), inappropriately audited and approved 25 claims for the GST BOCES service charges totaling approximately $2.4 …

https://www.osc.ny.gov/local-government/audits/school-district/2023/01/06/bradford-central-school-district-claims-auditor-2022m-157

Town of Tyre - Long-Term Planning (2019M-61)

… did not: Submit an annual inventory list and estimates of highway and bridge related expenditures to the Board, as … formal reserve plan that includes the accumulation and use of reserve funds, and analyze existing reserve fund levels … highway inventory list and agreement for the expenditure of highway money, including the anticipated costs. Town …

https://www.osc.ny.gov/local-government/audits/town/2019/05/29/town-tyre-long-term-planning-2019m-61

XIV.14.B Capital Assets – XIV. Special Procedures

… The major issues related to accounting for capital assets include the following: Criteria for recording general capital assets …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv14b-capital-assets

Reporting Unclaimed Funds to New York State

… securities to the New York State Comptroller’s Office of Unclaimed Funds. Entities required to report and remit unclaimed funds include, for example, banks, insurance …

https://www.osc.ny.gov/unclaimed-funds/reporters

Village of South Floral Park – Budgeting and Financial Oversight (2021M-5)

… or ensure annual audits were completed. More real property taxes were assessed than necessary to fund operations each … balance policy. Key Recommendations Hold public hearings on or before April 15. Adopt realistic annual budgets that are based on historical trends and other known factors. Reduce fund …

https://www.osc.ny.gov/local-government/audits/village/2021/07/16/village-south-floral-park-budgeting-and-financial-oversight-2021m-5

Merrick Union Free School District – Financial Management (2024M-64)

… Audit Objective Determine whether the Merrick Union Free School District (District) Board of Education (Board) and … … Determine whether the Merrick Union Free School District District Board of Education Board and …

https://www.osc.ny.gov/local-government/audits/school-district/2024/09/27/merrick-union-free-school-district-financial-management-2024m-64

Riverhead Charter School – Debit Cards (2017M-254)

… of Audit The purpose of our audit was to examine the School’s controls over debit card use for the period July 1, 2015 through February 28. 2017. Key … cards to help ensure all charges were adequately supported and for business-related purposes. None of the debit card …

https://www.osc.ny.gov/local-government/audits/charter-school/2018/07/27/riverhead-charter-school-debit-cards-2017m-254

Cost-of-Living Adjustment – State Police Plan

… Once you meet the eligibility requirements, including age and number of years retired, your retirement benefit will permanently increase each year. This … beneficiary is your spouse, he or she will be eligible to receive half of the COLA amount you would have received. For …

https://www.osc.ny.gov/retirement/publications/1518/cost-living-adjustment

Pleasantville Union Free School District – Claims Auditing (2022M-136)

… Pleasantville Union Free School District (District) Board of Education (Board) ensured that claims were adequately … policy For professional services were supported by Board minutes or contracts Exceeded available … Pleasantville Union Free School District District Board of Education Board ensured that claims were adequately …

https://www.osc.ny.gov/local-government/audits/school-district/2022/11/18/pleasantville-union-free-school-district-claims-auditing-2022m-136