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Savings Programs: NY 529 and NY ABLE
… of two savings programs with tax benefits that help pay for college or disability expenses: NY's 529 College Savings … grow tax free and withdrawals are not taxed if used for qualified educational expenses. If you're a New York … 529 College Savings Website “The 529 Plan is a way to save for college education. Even if you put aside just a little …
https://www.osc.ny.gov/savingsHerkimer County – Court and Trust Funds (2023-C&T-2)
… established appropriate controls to safeguard and account for court and trust funds for the period January 1, 2021 through September 22, 2023. … and then delivered to the County Treasurer (Treasurer) for safekeeping. Payments made pursuant to court orders …
https://www.osc.ny.gov/local-government/audits/county/2023/12/15/herkimer-county-court-and-trust-funds-2023-ct-2Enroll in the VendRep System
… request one. How to get started: Go to our Online Services Portal Select “Enroll Now” Select “Business” and then select …
https://www.osc.ny.gov/state-vendors/vendrep/enroll-vendrep-systemIV.3 Overview – IV. Accounting Codes - Uses and Descriptions
… by Federal grants and miscellaneous receipts. The revenue account codes listed in this chapter have been developed and … code field can also be used in conjunction with the account code, to provide a lower level of detail for …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv3-overviewOpinion 88-43
… This opinion represents the views of the Office of the State … (reimbursement of sheriff's personnel account for General Municipal Law, §207-c salary payments) COUNTY … paid their salaries under General Municipal Law, §207-c out of the sheriff's personnel account, the county governing …
https://www.osc.ny.gov/legal-opinions/opinion-88-43Haverstraw-Stony Point Central School District – Information Technology (2021M-108)
… Officials did not establish adequate controls over the District’s user accounts to protect against unauthorized … unneeded generic and nonemployee network user accounts of the 475 network user accounts examined. Provide information …
https://www.osc.ny.gov/local-government/audits/school-district/2021/12/03/haverstraw-stony-point-central-school-district-information-technologyBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… Before you apply, you should be aware of the federal tax laws pertaining to NYSLRS loans. Your loan will be … if : The loan amount exceeds federal limits (federal tax information is available on the loan application). You have a loan with a deferred compensation (457) or tax-sheltered annuity (403-b) plan through your current …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsComptroller DiNapoli Releases State Audits
… café, which is part of a training program for residents to learn to operate a small business, are commingled with … service delivery. Metropolitan Transportation Authority (MTA), New York City Transit Paratransit Division - … Accident Claims (2012-S-12) Federal law requires the MTA to provide transportation services to individuals with …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-releases-state-auditsPractices Used by the Transit Adjudication Bureau to Collect and Account for Fines and Fees
… of New York City Transit performs its responsibilities in an effective and efficient manner. Specifically, we … processing and adjudicating summonses for violations of NYC Transit (Transit) rules governing public use of the … Work with representatives of the New York City Police Department and Transit Inspectors to improve the …
https://www.osc.ny.gov/state-agencies/audits/2016/08/11/practices-used-transit-adjudication-bureau-collect-and-account-fines-and-feesPotsdam Central School District – Network User Account Controls and Information Technology Contingency Planning (2022M-104)
… confidentially communicated to officials, we found that: Of the District’s 1,909 network user accounts 1,896 network …
https://www.osc.ny.gov/local-government/audits/school-district/2022/12/02/potsdam-central-school-district-network-user-account-controls-andFulton Public Library – Cash Receipts and Disbursements (2017M-269)
… internal controls over cash receipts and disbursements for the period July 1, 2015 through May 31, 2017. Background … Library is located in Oswego County and is classified as a school district public library. The Library, which serves a …
https://www.osc.ny.gov/local-government/audits/library/2018/03/23/fulton-public-library-cash-receipts-and-disbursements-2017m-269Discovery Charter School – Internal Controls Over Cash Disbursements (2015M-14)
… July 1, 2013 through October 31, 2014. Background The Discovery Charter School is located in the Town of Greece in … the journal entries completed by the Business Manager. … Discovery Charter School Internal Controls Over Cash …
https://www.osc.ny.gov/local-government/audits/charter-school/2015/05/29/discovery-charter-school-internal-controls-over-cash-disbursements-2015mHilton Central School District – Network Access Controls (2022M-200)
… not ensure that network access controls were adequate. As a result, data and personal, private and sensitive … risk for unauthorized access, misuse or loss. In addition to sensitive network access control weaknesses that we confidentially communicated to officials, we found that: District officials did not …
https://www.osc.ny.gov/local-government/audits/school-district/2023/06/02/hilton-central-school-district-network-access-controls-2022m-200Town of Adams – Justice Court Operations (2020M-163)
… Court (Court) funds were properly recorded, deposited and reported. Key Findings Overall, Court funds were properly recorded, deposited and reported during our audit period. However: None of the … resolve any differences. Contact the Justice Court Fund for guidance on reporting the unidentified cash balance …
https://www.osc.ny.gov/local-government/audits/justice-court/2021/02/26/town-adams-justice-court-operations-2020m-163Town of Murray – Capital Projects (2014M-086)
… to review the Supervisor’s financial records and reports for the period January 1, 2008 through February 25, 2014. … an elected five-member Town Board. Budgeted appropriations for 2014 total approximately $2.2 million. Key Findings The … oversee the Town’s accounting firm’s work. Debt proceeds for two water districts were deposited in a bank account for …
https://www.osc.ny.gov/local-government/audits/town/2014/07/11/town-murray-capital-projects-2014m-086Terms of Service
… terms are applicable to this TOS Agreement: “User” shall mean a person or entity that enrolls on the Services. It may … the New York State and Local Retirement System: If a User does not wish to participate in use of the Services, such … or for the accuracy of the data contained therein, and OSC does not endorse and is not responsible or liable for any …
https://www.osc.ny.gov/online-services/terms-serviceState Agencies Bulletin No. 1380
… inform agencies of the timeline for the conversion of the account codes in PayServ to the statewide chart of accounts … PayServ will be affected. Background The State adopted a new Chart of Accounts (COA) in 2012 when it implemented the … Pool Table. March 4, 2015 – OSC Payroll will release a list of the legacy account codes that were mapped to the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1380-new-york-state-payroll-system-payserv-conversion-statewide-financialChittenango Central School District – Information Technology (2023M-155)
… adequately managed nonstudent network and local user account access and developed an Information Technology (IT) … user account access or develop an IT contingency plan. As a result, the District’s IT system and its personal, private … Officials also have less assurance that, in the event of a disruption or disaster such as a ransomware attack, …
https://www.osc.ny.gov/local-government/audits/school-district/2024/03/08/chittenango-central-school-district-information-technology-2023m-155VII.3.B AP Adjustment Voucher – Treasury Requirements – VII. State Revenues and Appropriated Loan Receivables
… Agencies must forward all checks, money orders, etc. and a printout of either the SFS “Summary” page or “Invoice … who will deposit the funds into the appropriate State bank account. Effective August 1, 2024, Treasury will only accept cash on a preapproved basis. Agencies must obtain preapproval by …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii3b-ap-adjustment-voucher-treasury-requirementsDiNapoli Urges Congress to Expand Eligibility for Savings Program for Individuals with Disabilities
… to 46 for individuals who can participate in the Achieving a Better Life Experience (ABLE) program, a savings and investment tool for individuals with … "The current age limit for the ABLE program doesn't account for a lot of folks who acquire their disability after …
https://www.osc.ny.gov/press/releases/2018/11/dinapoli-urges-congress-expand-eligibility-savings-program-individuals-disabilities