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State Agencies Bulletin No. 1790
… An additional deferment is available to employees age 50 and over. These employees can defer up to $6,500.00 in … are not eligible to choose both the “Retirement Catch-Up” and the “50 and Over Catch-Up” in the same calendar year. Affected …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1790-deferred-compensation-maximum-contribution-limits-calendar-year-2020Wall Street Profits Up in 2016
… Securities industry profitability rose sharply in 2016, increasing by 21 percent, while the average bonus paid to employees in New York City’s securities industry increased by 1 percent … P. DiNapoli. "Wall Street profits bounced back strongly in 2016. Lower costs more than made up for the continued …
https://www.osc.ny.gov/press/releases/2017/03/wall-street-profits-2016Opinion 88-45
… credit", it has also advised the county that the program is permissible because it complies with those provisions of … You ask whether, in our opinion, the proposed program is legal. The Local Finance Law is the exclusive law governing the manner in which …
https://www.osc.ny.gov/legal-opinions/opinion-88-45Local Government – 2023 Financial Condition Report
… Real property tax revenues are the largest source of revenue for local governments. In local fiscal years … taxes accounted for $38.1 billion, or 42.1 percent, of total revenue ($90.5 billion) for local governments outside of New York City. School districts, towns, and villages …
https://www.osc.ny.gov/reports/finance/2023-fcr/local-governmentReview of the Financial Plan of the City of New York, May 2022
The release of New York City’s $99.7 billion Fiscal Year (FY) 2023 Budget - $104.9 billion when adjusted for surplus transfers - and Financial Plan (the “April Plan”) signifies a remarkable fiscal turnaround since the adoption of the FY 2022 budget in June 2021.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-4-2023.pdfCity of Long Beach – Budget Review (B21-7-6)
Determine whether the significant revenue and expenditure projections in the City’s proposed budget for the 2021-22 fiscal year are reasonable, and whether the City took appropriate action to implement or resolve recommendations from our budget review issued in May 2020.
https://www.osc.ny.gov/files/local-government/audits/2021/pdf/long-beach-budget-review-b21-7-6.pdfReview of the Financial Plan of the City of New York, August 2022
The City’s adopted budget for Fiscal Year (FY) 2023 reflects the countervailing forces of extraordinary efforts by the federal government to boost the economy over the last two years and an economic slowdown due to unanticipated factors, including supply chain issues.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-6-2023.pdfOpinion 2001-2
… opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion may no …
https://www.osc.ny.gov/legal-opinions/opinion-2001-2Opinion 90-29
… OFFICERS AND EMPLOYEES -- Restitution Agency (deposit of unclaimed funds) MUNICIPAL FUNDS -- Unclaimed restitution payments (transfer to general fund not … restitution agency may not deposit into its general fund unclaimed restitution payments collected by the county …
https://www.osc.ny.gov/legal-opinions/opinion-90-29State Comptroller DiNapoli Releases State Revenue Projection to Reflect Coronavirus Impact
… New York State Comptroller Thomas P. DiNapoli today issued a … for the 2020-2021 state budget which reflects an estimate of the economic impact and ongoing volatility stemming from … forecast. The Division of the Budget and the Legislature’s fiscal committee staffs developed their economic and …
https://www.osc.ny.gov/press/releases/2020/03/state-comptroller-dinapoli-releases-state-revenue-projection-reflect-coronavirus-impactCity of Glens Falls – Financial Condition (2013M-150)
… 31, 2012. Background The City of Glens Falls is located in Warren County and has approximately 14,700 residents. The … amendments. Although we do not consider the City to be in fiscal stress at this time, the low levels of unexpended surplus funds in the general fund and declining balances in the water and …
https://www.osc.ny.gov/local-government/audits/city/2013/08/02/city-glens-falls-financial-condition-2013m-150Hear 2 Learn PLLC – Compliance With the Reimbursable Cost Manual
… $2.7 million in reimbursable costs on its CFR, of which $340,876 was for its SEIT program. Key Findings For … Learn’s reimbursement rates. Remind Hear 2 Learn officials of the pertinent SED guidelines that relate to the … with SED’s requirements. Other Related Audits/Reports of Interest State Education Department: Dynamic Center Inc. - …
https://www.osc.ny.gov/state-agencies/audits/2015/07/22/hear-2-learn-pllc-compliance-reimbursable-cost-manualCity of Yonkers – Budget Review (B6-16-11)
… our budget review was to identify issues which impact the City of Yonkers’ financial condition in the current and … Office of the State Comptroller, as Fiscal Agent for the City of Yonkers (City), determined that the City’s adopted …
https://www.osc.ny.gov/local-government/audits/city/2016/06/22/city-yonkers-budget-review-b6-16-11ACDS, Inc. – Compliance With the Reimbursable Cost Manual
… properly calculated, adequately documented, and allowable under the State Education Department’s (SED) guidelines, … fiscal year ended June 30, 2014. Background ACDS, a not-for-profit organization located in Plainview, New York, is an SED-approved provider of …
https://www.osc.ny.gov/state-agencies/audits/2017/04/12/acds-inc-compliance-reimbursable-cost-manualState Agencies Bulletin No. 1075
… employees with Peace Officer status under Section 2.10 of the New York State Criminal Procedure Law who meet the … payment, employees must have met the following criteria as of 3/31/11, the last day of the Fiscal Year: PS&T bargaining unit member with Peace …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1075-pef-firearms-training-and-safety-incentive-programState Agencies Bulletin No. 1188
… employees with Peace Officer status under Section 2.10 of the New York State Criminal Procedure Law who meet the … payment, employees must have met the following criteria as of 3/31/12, the last day of the Fiscal Year: PS&T bargaining unit member with Peace …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1188-pef-firearms-training-and-safety-incentive-programHagedorn Little Village School – Compliance With the Reimbursable Cost Manual
… calculated, adequately documented, and allowable under the State Education Department’s (SED) guidelines, including the … CFR. To be eligible for reimbursement, reported costs must comply with the provisions in the RCM. For the fiscal year ended …
https://www.osc.ny.gov/state-agencies/audits/2017/07/18/hagedorn-little-village-school-compliance-reimbursable-cost-manualTown of Clare – Fiscal Stress (2013M-317)
… to April 30, 2013. Background The Town of Clare is located in St. Lawrence County and serves about 105 residents. The … Board did not adopt a policy or method to determine the amount of unexpended surplus funds to maintain. The … relied on appropriated fund balance as a financing source in the annual budgets, and in some years, it appropriated …
https://www.osc.ny.gov/local-government/audits/town/2013/12/04/town-clare-fiscal-stress-2013m-317State Agencies Bulletin No. 1814
… bulletin is to notify agencies of the 2019-2020 maximum salary contribution limit for Tier 6 members of PFRS (7W), … March 16, 2012, the Governor signed legislation creating a new Tier 6 that applies to employees joining a retirement … Law, and the Administrative Code of the City of New York that affect the contributions and benefits of members …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1814-maximum-salary-contribution-limit-tier-6-members-following-new-yorkDiNapoli: New York on Stronger Financial Footing
… legislative leaders. Another $116 million in SUNY and CUNY capital funds will be spent based on a plan to be approved by … For a copy of the report visit: http://www.osc.state.ny.us/reports/budget/2014/2014-15_prelim_enacted_budget.pdf … …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-new-york-stronger-financial-footing