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DiNapoli: Funds Dedicated for Highway & Bridge Capital Projects Continue to be Diverted for Operating and Debt Costs
… in the Dedicated Highway and Bridge Trust Fund continues to be diverted for non-capital purposes, leaving critical … fiscal challenges and shrinking debt capacity, according to a report issued today by New York State Comptroller Thomas … and The fund’s reliance on increasingly large transfers from the state’s general fund and federal funds …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-funds-dedicated-highway-bridge-capital-projects-continue-be-diverted-operating-and-debtTown of Wellsville – Budgeting (2021M-112)
… the impression that real property taxes were levied to finance general Town operations when these taxes were intended to fund highway operations. During our audit period, from … general fund (town-wide and town-outside-village) and made transfers totaling $869,428 to each applicable highway fund. …
https://www.osc.ny.gov/local-government/audits/town/2021/11/19/town-wellsville-budgeting-2021m-112Employer Reporting - Employee or Independent Contractor
Guidelines to help NYSLRS employers to classify workers as employees or independent contractors.
https://www.osc.ny.gov/files/retirement/employers/pdf/emp-reporting-employee-or-independent-contractor.pdfService Credit Purchase Payments – Legacy Reporting
… If members choose to purchase credit for their previous service, they have the … will still report the full gross reportable earnings to NYSLRS. However, you must reduce the amount of the member’s …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/service-credit-purchase-paymentsDivorce – State Police Plan
… may be revoked for the ordinary death benefit, the Cash Refund — Contributions option (Tiers 2 and 3) and Five and …
https://www.osc.ny.gov/retirement/publications/1518/divorceDivorce – Special 20- and 25-Year Plans
… ends. This means that: Your ex-spouse may be entitled to a portion of your pension. You may be required to name your ex-spouse as beneficiary of any pre-retirement … We will also need a certified copy of your divorce decree. NYSLRS offers an easy-to-complete, online DRO template . You …
https://www.osc.ny.gov/retirement/publications/1517/divorceComptroller DiNapoli Releases School Audits
… school finances and operations, my office continues to provide taxpayers the assurance that their money is being … levels. Haldane Central School District – Budget Transfers and Information Technology (Putnam County) District … fiscal year before making approximately $523,400 in budget transfers to correct 72 appropriation accounts that were …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-releases-school-audits-2Comptroller DiNapoli Releases State Audits
… million in Medicaid overpayments for services provided to recipients with multiple identification numbers. Of the … for the same periods. Auditors also identified several MTA employees who work and reside in New York City during … of flaws and/or inconsistencies in the methodologies used to estimate savings. OMIG officials indicate they have taken …
https://www.osc.ny.gov/press/releases/2014/08/comptroller-dinapoli-releases-state-auditsExamples from GASB Statement 34 - Statement of Activities
… (414,389) ----- (414,389) ----- Education (payment to school district) 21,893,273 ----- ----- ----- (21,893,273) … on sale of park land 2,653,488 ------ 2,653,488 ----- Transfers 501,409 (501,409) … Total general revenues, special items, and transfers 76,900,977 204,865 77,105,842 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-activitiesMember Contributions
… 3.00% $45,000.01 to $55,000 3.50% $55,000.01 to $75,000 4.50% $75,000.01 to $100,000 5.75% More than $100,000 6.00% … we provided you with a contribution rate of 3 percent. You used this rate for 6/1/22–3/31/23. SFY 2023–24: John Smith … the Election to Make Voluntary Contributions (RS5379) form . File the election form with their payroll office. Your …
https://www.osc.ny.gov/retirement/employers/member-contributionsPine Plains Central School District - Internal Controls Over Select Financial Activities (2018M-52)
… effectiveness of internal controls over bank checks and transfers. Key Findings Officials did not identify $93,569 in … should ensure that interim financial reports are reviewed to detect errors in preparation. … Pine Plains Central School …
https://www.osc.ny.gov/local-government/audits/school-district/2018/06/29/pine-plains-central-school-district-internal-controls-over-selectDebt – 2023 Financial Condition Report
… creates fixed costs that directly affect its ability to provide current services, as well as its long-term fiscal … High borrowing levels may: Indicate reduced ability to support current programs with current revenues. Force … years. It also continues to authorize debt issuance for MTA purposes in excess of the 30-year maximum term limit, up …
https://www.osc.ny.gov/reports/finance/2023-fcr/debtMember Salary & Service Detail Request (RS2413)
For NYSLRS employers to request salary and service details for members.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs2413.pdfDesignation of Beneficiary With Contingent Beneficiaries (RS5127)
To change their beneficiary designations, NYSLRS members use form RS5127.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5127.pdfEmployees' Retirement System Membership Registration (RS5420)
For NYSLRS employers to enroll new Employees' Retirement System (ERS) members.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5420.pdfTier 2, 3 and 4 Post Retirement Death Benefit - Two Designation of Beneficiaries form (RS4471)
For NYSLRS Tier 2, 3 and 4 retirees to designate a post-retirement death benefit beneficiaries.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs4471.pdfVI.2.A Appropriation & Segregation Overview – VI. Budgets
… issued by the Division of the Budget (DOB) to expend part or all of an appropriation. It is used as one control device … amount budgeted as available can be used for expenditures or the encumbering of purchase requisitions and/or purchase orders. Any amount in the reserve is not …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vi/vi2a-appropriation-segregation-overviewDiNapoli: Strong Tax Collections and New Savings Initiatives Boost NYC's Short-Term Finances
… to pre-pandemic levels by FY 2025. Continued strength in tax collections has led the city to raise projections with an … As a share of city fund revenues, these out-year gaps average 7.1% and are the highest level at this point in the … report also notes the state budget, which was released after the April Plan, will result in costs unanticipated by …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-strong-tax-collections-and-new-savings-initiatives-boost-nycs-short-term-financesCUNY Bulletin No. CU-270
… Purpose To inform agencies of OSC’s automatic processing and to … Pay Basis of ANN : For Pay Changes, Position Changes and Transfers with effective dates before September 30, 2006, the … the Pay Rate field. For Pay Changes, Position Changes and Transfers with effective dates on or after September 30, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-270-2006-cuny-1-blue-and-white-collar-salary-increase-districtFinancial Outlook for the Metropolitan Transportation Authority - September 2008
The Metropolitan Transportation Authority (MTA) is facing a serious fiscal crisis.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-5-2009.pdf