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DiNapoli Encourages New Yorkers to Save for College
… State Comptroller Thomas P. DiNapoli is encouraging New Yorkers who face college expenses to open a 529 College Savings account to start saving now to … through the program in 2016. Once an account is opened it can be used for higher education institutions in New York …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-encourages-new-yorkers-save-collegeOpinion 99-11
… provide framed bond as token of appreciation to retiring employee) MUNICIPAL FUNDS -- Appropriations and Expenditures … by the school district, to be presented to a retiring teacher as a token of appreciation for service. At the … a paid cancelled obligation may be presented to a retiring teacher, we note that article VIII, §1 of the New York State …
https://www.osc.ny.gov/legal-opinions/opinion-99-11DiNapoli Urges NYC to Continue to Prepare for Shifting Fiscal Landscape
… Total revenue for New York City’s budget is expected to drop by 9.4% to $101.1 billion in Fiscal Year (FY) 2023 … in place pending the outcome of the city's appeal. While it has added substantial labor reserves since a year ago …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-urges-nyc-continue-prepare-shifting-fiscal-landscapeControls Over Cash Advance Accounts
… Purpose To determine whether the Department of Motor Vehicles has adequate controls over the cash advance accounts it oversees to ensure the money is properly accounted for and used for appropriate business …
https://www.osc.ny.gov/state-agencies/audits/2015/04/06/controls-over-cash-advance-accountsIntroduction – Travel and Conference Expense Management
… often travel as part of their official duties, whether it is to attend conferences, training sessions or to perform other …
https://www.osc.ny.gov/local-government/publications/travel-conference-expense/introductionControls Over Cash Advance Accounts
… Purpose To determine whether the Workers' Compensation Board (WCB) has adequate controls over the cash advance accounts it oversees to ensure the money is properly accounted for and used for appropriate business …
https://www.osc.ny.gov/state-agencies/audits/2014/06/25/controls-over-cash-advance-accountsControls Over Cash Advance Accounts
… SED does not routinely resolve old outstanding items or review any paid checks and consequently has no assurance that potentially improper or fraudulent transactions are detected. Key Recommendations …
https://www.osc.ny.gov/state-agencies/audits/2014/09/08/controls-over-cash-advance-accountsXIV.7 Monitoring Payments Made to Vendors – XIV. Special Procedures
… Statewide Financial System requires Business Unit staff to verify all payments made are valid. To help in this … which shows a listing of payments made to vendors. It is important that designated Business Unit staff review …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv7-monitoring-payments-made-vendorsDiNapoli: Lagging Ridership Leaves MTA With Hard Choices, Must Adjust to Changing Demand
… and economic recovery. But because farebox revenue from riders has not recovered nearly as well as the MTA had … are all on the horizon without additional contributions from the MTA’s funding partners or substantial increases in … ridership. Additionally, MTA must prioritize its capital plan and determine which projects are most critical and …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-lagging-ridership-leaves-mta-hard-choices-must-adjust-changing-demandIX.9.C Transfer Procedure – IX. Federal Grants
… operating transfer. GL Journal Entry – Operating Transfer When entering the GL Journal Entry for the operating transfer …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9c-transfer-procedureReporting Requirements Changes (2015) – Reporting Elected and Appointed Officials
… and Reporting Resolution (Resolution) and indicate their participation by checking the box that says “Participates in …
https://www.osc.ny.gov/retirement/employers/reporting-ea-officials/reporting-requirements-changesAre You Vested? And What It Means
… you have earned enough service credit to qualify for a pension benefit once you meet the minimum age requirements … such as how long you must contribute, your pension benefit calculation, your full retirement age, reductions to retire … your tier and retirement plan, sign into your Retirement Online account and go to the 'My Account Summary' section. …
https://www.osc.ny.gov/retirement/members/are-you-vested-and-what-it-meansWho to Report – Enhanced Reporting
… Employees who are eligible for membership, but chose not to join NYSLRS; Retirees (from any of the eight public … who have not joined NYSLRS means we will already have it on hand if they choose to join at a later date, saving you … not eligible to join NYSLRS. To determine whether someone is an employee or a contractor/consultant, please refer to …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/who-to-reportXIX.7 Moving Expenditures Charged Prior to Conversion to a PCIP Converted Project ID – XIX. Project Costing (PCIP)
… On March 31, 2022 all NYS01 Project IDs that were linked to a customer contract were converted to a new unique project ID … may encounter an error. If the new Project ID will not have enough expenditures to post the credit against it, the … General Ledger Journal Entry or AP Journal Voucher) does not have enough expenditures against it to allow for a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xix/xix7-moving-expenditures-charged-prior-conversion-pcip-converted-project-idXI.8.B Multi-Agency Contracts – XI. Procurement and Contract Management
… for additional information. Consistent with OSC’s contract funds reservation policy, pre-encumbrance may be required in … obligations during the fiscal year (see XI.2.C Contract Funds Reservation , for additional information). OSC review … not required to estimate a contract amount or pre-encumber funds for the backdrop contract. However, when submitting the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi8b-multi-agency-contractsI.1 Introduction to the Guide to Financial Operations – I. OSC Guide to Financial Operations Overview
… to Financial Operations (GFO) acts as a reference source for statewide accounting policies, procedures and the Office of the State Comptroller (OSC) related-mandates for use by State agencies. The Guide provides policies and procedural guidance for State agencies using the SFS as well as traditional …
https://www.osc.ny.gov/state-agencies/gfo/chapter-i/i1-introduction-guide-financial-operationsCompliance With the Enough is Enough Act (2017-S-38) 90-Day Response
To determine if the State Education Department and Division of State Police are complying with the requirements under the Enough is Enough Act.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2018-17s38-response.pdfControls Over Cash Advance Accounts
… it oversees to ensure the money is properly accounted for and used for appropriate business expenses. The audit covers the … Finance Law, cash advances are issued to State agencies for purposes such as petty cash, travel, and other funding …
https://www.osc.ny.gov/state-agencies/audits/2014/04/15/controls-over-cash-advance-accountsVII.10.D Cash Advance Payment Types – VII. State Revenues and Appropriated Loan Receivables
… can be used for the following purposes: Provide change when a Business Unit collects fees, charges for services or … partial payments against purchase orders as long as they do not exceed $250. Pay for out of pocket purchases of … Ordinarily, petty cash is maintained on an imprest basis; i.e., the cash is replenished for the exact amount of the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii10d-cash-advance-payment-typesHow to Conduct a Vendor Responsibility Review
… designations before responding to a FOIL request, but it does not automatically exempt them. More Information The …
https://www.osc.ny.gov/state-vendors/vendrep/how-conduct-vendor-responsibility-review