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Selected Aspects of Central Office Disbursements From the Tuition and Fees Refund Bank Account
… Purpose To determine whether disbursements to students from the Tuition and Fees Refund bank account …
https://www.osc.ny.gov/state-agencies/audits/2018/10/19/selected-aspects-central-office-disbursements-tuition-and-fees-refund-bank-accountXII.9.G Reissuing or Cancelling a Refund Check – XII. Expenditures
… this section is to provide guidance to agencies regarding refund checks (i.e. checks issued from the Comptroller’s Refund Account) that are returned and/or need to be reissued. These …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii9g-reissuing-or-cancelling-refund-checkIX.8.D Electronic Refund Payments to the U.S. HHS – IX. Federal Grants
… ID Use 0200000005 ONLY (this is specific to HHS returns) Business Unit Agency Specific Department ID Agency Specific …
https://www.osc.ny.gov/state-agencies/chapter-ix/ix8d-electronic-refund-payments-us-hhsOperational Advisory No. 29
… refund checks that are returned and/or need to be reissued from the Comptroller’s Refund Account. The reason for these … changes is to increase efficiencies and reduce the time required for agencies and OSC to complete Comptroller’s … requests to [email protected] . The form can be obtained from the OSC website (see reference below). To support direct …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/29-gfo-updates-reissuing-or-cancelling-refund-checkIX.8.C Payments to the U.S. Treasury and U.S. Department of Education – IX. Federal Grants
… The procedures that follow pertain to the refund or return of federal funds to the U.S. Treasury or … the federal draw system, and if the intent is for a refund to be issued separate from the normal draw process, … grant revenues. If returns are charged to expenditure account coding, reported expenditures and disbursements on …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8c-payments-us-treasuryState Agencies Bulletin No. 1564
… affected employees with a Job Status of Active, Paid Leave or Leave will be refunded through PayServ. OSC will … employees with a Job Status of Retired, Terminated or Deceased and no other active Job record will be refunded … will also provide this population of employees with a Form 1099-R at the end of the calendar year. Paycheck …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1564-new-york-state-deferred-compensation-plan-nysdcp-refunds-employeesState Agencies Bulletin No. 1564.1
… refunds will be taxable for Federal, State and local withholding. Prior to processing the refund, OSC will submit …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/15641-new-york-state-deferred-compensation-plan-nysdcp-refunds-employeesV.3.G Product Code – V. Chart of Accounts (COA) Governance
… to more specifically capture information about revenues and expenses than are recorded using Account (e.g., … involving the Comptroller’s Refund Account (Fund 70200) and certain Miscellaneous Receipts accounts will require … Tree will be created to support Miscellaneous Receipts and Tax detail reporting needs when all agencies have …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3g-product-codeXIV.1 Outstanding Check Outreach and Escheatment – XIV. Special Procedures
… all checks that remain uncashed one year after the year of issuance. All checks that remain uncashed after the … by the applicable reporting date required by the Office of the State Comptroller’s (OSC) Office of Unclaimed Funds (OUF). NYS issued checks are required to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv1-outstanding-check-outreach-and-escheatmentXII.6.J Paying a Refund – XII. Expenditures
… Management Unit to request a single payment vendor ID for before processing those refund payments in the SFS. … will be assigned a different single payment vendor ID for each type of refund their Business Unit processes. … X, Section 5.B - Requesting a Single Payment Vendor ID for instructions on how to obtain a single payment vendor ID. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6j-paying-refundXII.9.D Refunds Owed to the State – XII. Expenditures
… the State using the Statewide Financial System (SFS) for a vendor in the New York State Vendor File. When a vendor owes … the funds. This section outlines the process for each of these options. Cancel the check Process a credit memo …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii9d-refunds-owed-stateIX.12.O Refunds – IX. Federal Grants
… of refunds is identified through a review of the NYGL0394 report produced by the SFS. The report identifies all federal … threshold of $50,000 or more. State Interest Liability For each refund, a state interest liability accrues from the … timely basis will have to separately account for the time (number of days, program, total refund and federal portion of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12o-refundsOperational Advisory No. 30
… Subject : Updated Guidance for Refunds related to Closed Grants for the Federal Payment Management System (PMS) Guidance : … procedure to prepare a refund using a new unique vendor ID and the required chartfields for the voucher. All refunds for …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/30-electronic-refunds-us-dhhsIX.8.B Interest on Advance Payments to Vendors – IX. Federal Grants
… the State are often deposited into an interest-bearing account maintained by the vendor. If the vendor does not … Voucher. See Section VII.3 AP Adjustment Vouchers / Refund of Appropriations . Deposit as revenue to the Federal … Receipts . Following DTF-Treasury’s receipt of the refund, OSC BSAO will review the voucher, and if appropriate, …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8b-interest-advance-payments-vendorsIX.8.A Accounting for Federal Refunds – IX. Federal Grants
… is active or lapsed. See Chapter VII, Section 3 - Refund of Appropriation/AP Adjustment Vouchers of this Guide … two main reasons for processing refunds in AP: When the refund relates to a contract payment, the adjustment voucher … refund should be processed within that draw system if the account is still open on the draw system. Otherwise refunds …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8a-accounting-federal-refundsVII.10.C Reducing a Cash Advance – VII. State Revenues and Appropriated Loan Receivables
… a cash advance can be voluntary on the part of the agency or could be required by OSC. Any State agency that is … Accrual Ledger. ACCOUNT CODES USED TO ESTABLISH, INCREASE OR REDUCE CASH ADVANCES (Not used to reimburse an advance … to Lapsed Appropriations Cash returned to liquidate or reduce an advance charged to a lapsed appropriation must …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10c-reducing-cash-advanceXV.12 Refund of Appropriation and Report of Moneys Received – XV. End of Year
… (FYE) deadlines and notices, please visit the Calendar . Refund of Appropriation Expenditure (AC1286-S) and Report of … of the Treasury (Treasury) by the published deadlines. All Refund of Appropriation vouchers, including any vouchers … on the voucher is scheduled to lapse in March, the account code will need to be changed to 32207 Refund – lapsed …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv12-refund-appropriation-and-report-moneys-receivedAudit of the Tuition Reimbursement Account for the Three Fiscal Years Ended March 31, 2013
… of the Financial Statements of the Tuition Reimbursement Account for the three fiscal years ended March 31, 2013. Background Students are eligible for a tuition refund when they are enrolled in a post-secondary private … - students who drop out are also eligible for a tuition refund. Students in such schools are also eligible to have …
https://www.osc.ny.gov/state-agencies/audits/2014/07/24/audit-tuition-reimbursement-account-three-fiscal-years-ended-march-31-2013VII.3.B AP Adjustment Voucher – Treasury Requirements – VII. State Revenues and Appropriated Loan Receivables
… who will deposit the funds into the appropriate State bank account. Effective August 1, 2024, Treasury will only accept … may be returned to the agency. Deposit Preparation: For a refund of appropriation document associated with a single …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii3b-ap-adjustment-voucher-treasury-requirementsVII.3 AP Adjustment Voucher Overview – VII. State Revenues and Appropriated Loan Receivables
… appropriate types of transactions and required Vendor ID to be used on each AP Adjustment Voucher. New York State … Requirements of this Chapter. Any arrangements to have large dollar electronic or check deposits made to the … Supplier but the refund would be from the actual vendor (i.e. Staples). Agencies must include the Credit Card Supplier …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii3-ap-adjustment-voucher-overview