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Watkins Glen Central School District - Financial Management (2019M-57)
… condition. Key Findings Conservative budgeting resulted in operating surpluses, negating the use of appropriated fund balance. In the last three completed fiscal years, the District generated $2.3 million in unplanned operating surpluses instead of $1.4 million in …
https://www.osc.ny.gov/local-government/audits/school-district/2019/07/12/watkins-glen-central-school-district-financial-management-2019m-57Wainscott Common School District - Financial Condition (2018M-237)
… the statutory limit by 54.6 to 73.4 percentage points from 2015-16 through 2017-18. The District’s budgeting … by a total of more than $911,000 (11 percent) from 2015-16 through 2017-18. District officials failed to … our comments on issues raised in the District’s response letter. …
https://www.osc.ny.gov/local-government/audits/school-district/2019/03/29/wainscott-common-school-district-financial-condition-2018m-237NYS Common Retirement Fund Announces First Quarter Results
… York State Common Retirement Fund’s (Fund) overall return in the first quarter of the state fiscal year 2016-2017 was 2 … 30, 2016, the Fund has 38.3 percent of its assets invested in publicly traded domestic equities and 15.6 percent in international public equities. The remaining Fund assets …
https://www.osc.ny.gov/press/releases/2016/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Announces Second Quarter Results
The New York State Common Retirement Funds Fund overall return in the second quarter of state fiscal year 20162017 was 351 percent for the threemonth period ending Sept 30 2016 with an estimated value of $1845 billion according to New York State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2016/11/nys-common-retirement-fund-announces-second-quarter-resultsKinderhook Central School District - Procurement (2018M-137)
… Findings District officials properly sought competition for 10 purchases totaling $1.2 million that exceeded General …
https://www.osc.ny.gov/local-government/audits/school-district/2019/01/11/kinderhook-central-school-district-procurement-2018m-137East Moriches Union Free School District – Budget Review (B7-14-3)
… for the 2014-15 fiscal year are reasonable. Background The East Moriches Union Free School District, located in Suffolk … East Moriches Union Free School District Budget Review B7143 …
https://www.osc.ny.gov/local-government/audits/school-district/2014/04/01/east-moriches-union-free-school-district-budget-review-b7-14-3Cato-Meridian Central School District – Salaries, Wages and Leave Benefits (2021M-173)
… and wage payments. Seek recovery of any amounts overpaid to employees. Periodically review accrued leave records. … and indicated they have initiated or planned to initiate corrective action. Appendix B includes our …
https://www.osc.ny.gov/local-government/audits/school-district/2022/06/24/cato-meridian-central-school-district-salaries-wages-and-leave-benefitsTrue North Rochester Preparatory Charter School - Financial Oversight (2019M-206)
… report - pdf] Audit Objective Determine if the Board and School officials adequately monitor School financial … Receive documentation that supported the service fees and reimbursements paid to the Company. Earn up to $28,000 if … Negotiate written agreements that contain clear language and thoroughly detail each party’s rights and …
https://www.osc.ny.gov/local-government/audits/charter-school/2020/03/06/true-north-rochester-preparatory-charter-school-financial-oversight-2019mEast Moriches Union Free School District – Budget Review (B7-13-3)
… for the 2013-14 fiscal year are reasonable. Background The East Moriches Union Free School District, located in Suffolk … East Moriches Union Free School District Budget Review B7133 …
https://www.osc.ny.gov/local-government/audits/school-district/2013/03/25/east-moriches-union-free-school-district-budget-review-b7-13-3Opinion 92-10
… in the opinion. ABANDONED AND LOST PROPERTY -- Money (unclaimed redemption payments on bearer serial bonds) BONDS AND NOTES -- Redemption (disposition of unclaimed moneys representing amounts paid on matured bearer … You inquire about the period of time for which these funds must be held and the disposition of the funds upon …
https://www.osc.ny.gov/legal-opinions/opinion-92-10DiNapoli: Former Le Roy Fire Department Treasurer Stole Nearly $50,000 in Public Funds
… writing unauthorized checks to himself and his personal business, and making electronic transfers to pay his credit card and cell phone bills, according to two audits issued … first degree (class C felony) and two counts of falsifying business records in the first degree (class E Felony). “This …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-former-le-roy-fire-department-treasurer-stole-nearly-50000-public-fundsFinal Average Salary – Article 14 Benefits
… of three), if earned in the FAS calculation; and Payment for up to 30 days vacation, if the FAS is based on the 36 … not be included in your FAS: Unused sick leave (payment for over 165 days is included for State Police members); Payments made as a result of … Article 14 information for PFRS Tier 3 members Covers pension disability and death …
https://www.osc.ny.gov/retirement/publications/1644/final-average-salaryEarly Retirement – Article 14 Benefits
… 42 percent of your FAS for 20 years of service credit plus an additional 4 percent of your FAS for each year of …
https://www.osc.ny.gov/retirement/publications/1644/early-retirementAdequacy of 2021 Budgets - Town of Niskayuna (S9-21-11)
… on the financial operations of local governments across New York State. Some local governments have seen little to no impact …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2021/05/07/adequacy-2021-budgets-town-niskayuna-s9-21-11DiNapoli: State Must Improve Oversight of Most Dangerous Sex Offenders
… The state Department of Corrections and Community Supervision (DOCCS) is not adequately monitoring the state’s most dangerous sex offenders, often failing to … The state Department of Corrections and Community Supervision …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-state-must-improve-oversight-most-dangerous-sex-offendersBayport-Blue Point Union Free School District – Nonstudent Network User Accounts (2022M-190)
… adequate network controls for nonstudent user accounts to help prevent unauthorized access. As a result, the District has an increased risk of unauthorized access to and use of the District network and potential loss of important data. In addition to sensitive information technology (IT) control weaknesses …
https://www.osc.ny.gov/local-government/audits/school-district/2023/04/14/bayport-blue-point-union-free-school-district-nonstudent-network-userAdequacy of 2021 Budgets - City of Saratoga Springs (S9-21-10)
… have seen more significant impacts due to reductions and/or increases to their revenues and/or expenditures. This has led to some local governments … for Aid and Incentives for Municipalities (AIM) and Video Lottery Terminal (VLT) aid which may not be realized. …
https://www.osc.ny.gov/local-government/audits/city/2021/05/14/adequacy-2021-budgets-city-saratoga-springs-s9-21-10Ordinary Disability – Article 14 Benefits
… up to 25 years. It is reduced by 100 percent of any Workers’ Compensation benefit payable and 50 percent of the primary … your employer’s payroll; or When you are on an authorized medical leave of absence for up to two years (which may be …
https://www.osc.ny.gov/retirement/publications/1644/ordinary-disabilityAccidental Death Benefit – Article 14 Benefits
… die as the natural and proximate result of an on-the-job accident, not due to your own willful negligence, an …
https://www.osc.ny.gov/retirement/publications/1644/accidental-death-benefitNormal Retirement – Article 14 Benefits
… benefit is reduced by 50 percent of your primary Social Security benefit. Your retirement benefit may be … of credited service and a $60,000 FAS Estimated primary Social Security benefit = $12,000 50 percent × $60,000 = … Total Annual Benefit + Full Escalation Filing Your Application for Service Retirement (RS6037) must be on file …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirement