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ABLE Residency
… - A.7652/S.9335 (Gunther/Brouk) - Eliminates the New York State residency requirement for designated beneficiaries in … program. Memo Bill Text Status … Eliminates the New York State residency requirement for designated beneficiaries in …
https://www.osc.ny.gov/legislation/able-residencyRetirement System Membership – Article 14 Benefits
… working for employers that participate in the New York State and Local Police and Fire Retirement System (PFRS) must … and file a membership application with the Office of the State Comptroller. … Article 14 information for PFRS Tier 3 …
https://www.osc.ny.gov/retirement/publications/1644/retirement-system-membershipEliminate Notary Requirement on Membership Application
… the requirement that an application for membership in the New York State and Local Employees’ Retirement System or the New York State and Local Police and Fire Retirement System be notarized …
https://www.osc.ny.gov/legislation/eliminate-notary-requirement-membership-applicationHamlin Morton Walker Fire District – Financial Management (2023M-67)
… fund balance. Key Findings The Board and officials did not effectively manage fund balance. As a result, they were not transparent with taxpayers and fund balance declined. We … (8 percent) for 2020 through 2022. The District did not have a written multiyear financial plan or adequate capital …
https://www.osc.ny.gov/local-government/audits/fire-district/2023/08/18/hamlin-morton-walker-fire-district-financial-management-2023m-67KIPP Tech Valley Charter School - Resident Tuition Billing (2019M-66)
… Results School officials have maintained adequate proof of residency records, accurately billed resident districts using the correct New York State Education Department (SED) rate … and supported. There were no recommendations as a result of this audit. School officials generally agreed with our …
https://www.osc.ny.gov/local-government/audits/charter-school/2019/05/24/kipp-tech-valley-charter-school-resident-tuition-billing-2019m-66IRS Pension Limitation – En-Con Police Officers Plan
… Internal Revenue Code Section 401(a)(17) limits the amount of salary that qualified pension plans, including the New … and Local Retirement System, may use in the calculation of benefits. It affects members who first join on or after …
https://www.osc.ny.gov/retirement/publications/1822/irs-pension-limitationIRS Pension Limitation – Basic Plan with Increased-Take-Home-Pay (ITHP)
… that qualified pension plans, including the New York State and Local Retirement System, may use in the calculation … earnings over $250,000 (effective April 1, 2012) in the State’s fiscal year (April 1st – March 31st). The amount is set by federal law and is periodically adjusted for inflation. …
https://www.osc.ny.gov/retirement/publications/1511/irs-pension-limitationNew York State Comptroller Thomas P. DiNapoli Statement on Enacted Budget
… “The state Legislature and Governor agreed on a new budget during … from the coronavirus public health emergency presents our state with unprecedented risks. Unanticipated healthcare … unemployment and depressed business activity affects all state and local government finances. Moving forward, the …
https://www.osc.ny.gov/press/releases/2020/04/new-york-state-comptroller-thomas-p-dinapoli-statement-enacted-budgetAbout Statement No. 67 – Governmental Accounting Standards Board
Governmental Accounting Standards Board Statement No 67 defines the way public pension plans calculate and report net pension liabilities
https://www.osc.ny.gov/retirement/employers/gasb/about-statement-no-67Discontinuing Required Contributions – Enhanced Reporting
… Tier 3 and 4 Members: The 3 percent salary contributions for Tier 3 and 4 members stopped when they reached ten years of …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/discontinuing-required-contributionsLocal Government Financial Data Sources
… Sheet County, City, Town, Village, Fire District Office of the State Comptroller (OSC): AFR Debt, Revenue, Expenditure, …
https://www.osc.ny.gov/local-government/data/local-government-financial-data-sourcesUrban Choice Charter School - Credit Card Expenditures (2019M-192)
… policies, including the preapproval of all purchases by using a purchase request form. Ensure that all credit card …
https://www.osc.ny.gov/local-government/audits/charter-school/2019/11/22/urban-choice-charter-school-credit-card-expenditures-2019m-192Niskayuna Central School District – Capital Improvement Fund (2019M-134)
… officials properly established, monitored and accounted for the capital improvement project. Audit Results Established the capital project budget for the eight school buildings and transportation facility … for the capital project. There were no recommendations as a result of this audit. … Determine whether District …
https://www.osc.ny.gov/local-government/audits/school-district/2019/08/30/niskayuna-central-school-district-capital-improvement-fund-2019m-134Poland Central School District - Claims Audit Process (2018M-214)
… approved before payment. Key Findings With the exception of debit card purchases, which bypass the claims audit … claims auditor. Key Recommendations Discontinue the use of the debit card. District officials generally agreed with …
https://www.osc.ny.gov/local-government/audits/school-district/2019/01/11/poland-central-school-district-claims-audit-process-2018m-214Planning Resources
… Planning and Budgeting Understanding the True Costs of Services Webinar Presentation [pdf] … Find Multiyear …
https://www.osc.ny.gov/local-government/resources/planning-resourcesCoxsackie-Athens Central School District - Procurement and Claims Audit (2018M-180)
… requirements. Determine whether claims were supported by adequate documentation, for appropriate purposes and … Recommendations Ensure District officials seek competition by obtaining bids and issuing requests for proposals (RFPs) … of the purchasing process in accordance with New York State Education Law, Section 1709. … Determine whether …
https://www.osc.ny.gov/local-government/audits/school-district/2018/12/07/coxsackie-athens-central-school-district-procurement-and-claims-auditState Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P DiNapoli today announced the following local government audits have been issued
https://www.osc.ny.gov/press/releases/2020/07/state-comptroller-dinapoli-releases-municipal-audits-1Malverne Union Free School District – Extra-Classroom Activity Funds (2024M-84)
… not retain cash collection logs from the safes where club money was placed before deposit and club advisors did not …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/11/malverne-union-free-school-district-extra-classroom-activity-funds-2024mRetiring Before Age 62 – New Career Plan
… who retire before age 62 will have their benefit reduced by the percentages shown below: Age at Retirement Percentage …
https://www.osc.ny.gov/retirement/publications/1515/retiring-age-62Join Our Investment Team
… extensive benefits packages, which include: Comprehensive health, dental and vision insurance package options Generous paid time off A … retirement plan Flexible spending account options for health and dependent care A supportive and continuous …
https://www.osc.ny.gov/common-retirement-fund/employment