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V.2 Governance – V. Chart of Accounts (COA) Governance
… Governance of the SFS will encompass many topics in the SFS Program … and requirements define what, when, and, to some extent, how. Governance policies will provide guidance on appropriate … sign-off (from OSC and DOB). Approval Path for SFS COA Value and KK Change Requests: Field/Chartfield Requires …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v2-governanceDiNapoli: 22 School Districts Designated in Fiscal Stress
… designations largely reflects recent increases in state and federal aid. “Pandemic-related federal funding as well as … balanced to avoid fiscal problems going forward.” State and federal aid grew 42% from SY 2019-20 to SY 2023-24, … $6.5 billion from $15.6 billion to $22.1 billion (and accounting for 44.6% of total revenues). A significant …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-22-school-districts-designated-fiscal-stressInvesting in New York
… possible, the Comptroller guides the Fund to invest in New York-based business ventures, companies and other programs … Phone: (518) 473-6089 Email: NYSCRFInvestmentproposals@osc.ny.gov New York Credit Small Business Investment Company Fund …
https://www.osc.ny.gov/common-retirement-fund/investing-new-yorkCost-Saving Ideas: School District Auditing – Audit Committee
… The audit committee assists and advises the board on issues relating to the district’s internal and … as a separate advisory committee or a combination of the two a district resident or nonresident Who does not …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-school-district-auditing-audit-committeeBecoming Eligible for a Benefit – En-Con Police Officers Plan
… 25 years of En-Con police service, or you may qualify for a service retirement if you reach age 60 before having … retirement benefit, even if you leave public employment. 1 Tier 1, 2, 3 and 5 members who are off public payroll may collect a vested …
https://www.osc.ny.gov/retirement/publications/1822/becoming-eligible-benefitBecoming Eligible for a Benefit – Basic Plan with Increased-Take-Home-Pay (ITHP)
… reach age 55. The amount of your vested benefit is based on your service, age at retirement and the salary you earned …
https://www.osc.ny.gov/retirement/publications/1511/becoming-eligible-benefitState Agencies Bulletin No. 1697
… Purpose To notify agencies of the 2019 maximum salary limit for members of ORP and VDC in Tier 6 Background In accordance … Section 415 of the Internal Revenue code, which provides for dollar limitations on benefits and contributions under … (C), and 408 (k) (6) (D) (ii) will increase to $280,000 for the 2019 plan year, which is the calendar year for ORP …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1697-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedVendor File Advisory No. 11
… important that agencies select the correct vendor Location for each transaction in SFS. This will ensure the State does … should not assume the default is the correct Location for each individual transaction. Instead, agencies must review and select the appropriate Location for each transaction, based on the vendor’s preference. If …
https://www.osc.ny.gov/state-agencies/advisories/vendor-file-advisory/11-vendor-locationContract Advisory No. 24
… in the Guide to Financial Operations (GFO), Chapter XI, Section 11.H - Early Pay Discounts for Procurement … the vendor community by improving cash flow. GFO, Chapter XI, Section 11.H - Early Pay Discounts for Procurement … on ACH payments. References: Guide to Financial Operations XI.11.H - Early Pay Discounts for Procurement Contract …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/24-early-pay-discounts-procurement-contract-purchasesAlternative and Out-of-Service Death Benefits – State Police Plan
… that would have been established under the State Police retirement plan (Section 381-b) had you retired on your date … not retired, and you die less than one year after leaving public employment, your beneficiary would receive 100 … employed. If you die within one year of leaving your public employer, but were gainfully employed during that …
https://www.osc.ny.gov/retirement/publications/1518/alternative-and-out-service-death-benefitsAlternative and Out-of-Service Death Benefits – Special 20- and 25-Year Plans
… Alternative Death Benefit If you die in service after you are eligible to retire, an alternative death benefit may be payable. This benefit would equal the … 384 or Section 384-e) had you retired on your date of death. “Pension reserve” is an actuarial term for the value …
https://www.osc.ny.gov/retirement/publications/1517/alternative-and-out-service-death-benefitsState Comptroller DiNapoli Releases Municipal Audits
… property tax exemptions for non-municipal-owned property on the 2017 assessment roll. Although the assessor certified …
https://www.osc.ny.gov/press/releases/2019/01/state-comptroller-dinapoli-releases-municipal-auditsState Agencies Bulletin No. 1623
… Revenue code, which provides for dollar limitations on benefits and contributions under qualified retirement …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1623-maximum-salary-limit-optional-retirement-plan-orp-and-voluntary-definedState Agencies Bulletin No. 2187
… of the Internal Revenue code, providing dollar limitations on benefits and contributions under qualified retirement …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2187-maximum-salary-limit-members-optional-retirement-plan-orp-and-voluntaryOperational Advisory No. 34
… Guidance : Starting on April 1, 2022, NYS agencies acquired the ability to create …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/34-linking-new-project-activity-existing-federal-customer-contractState Agencies Bulletin No. 661
… for Returning Paychecks Pursuant to the instructions on the AC-230, do not return any payroll checks to OSC for a …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/661-year-end-procedures-and-deadlines-processing-returned-paychecks-ac-230sState Agencies Bulletin No. 612
… action is needed. The agency address that is listed on the updated NPAY 529 in Control D will be used as the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/612-final-verification-agency-return-address-employee-w-2-statementState Agencies Bulletin No. 691
… action is needed. Note: The agency address that is listed on the updated NPAY529 in Control-D will be used as the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/691-final-verification-agency-return-address-2006-employee-w-2-statementsFactors Affecting an Employer’s Annual Payment – What Every Employer Should Know
… Generally, the more members there are on an employer’s payroll, the higher the employer’s annual payment is likely … 506,084. Higher Salaries Employer rates are billed as a percentage of covered payroll. Higher salaries will … better retirement plans or benefit options results in a higher annual cost. Employers can also choose to offer …
https://www.osc.ny.gov/retirement/employers/partnership/factors-affecting-employers-annual-paymentState Agencies Bulletin No. 583
… New York City wages. Affected Employees Employees with a NYC Tax Row Effective Date(s) October 11, 2005 Background The New York State Department … for the proper reporting of New York City wages subject to NYC resident tax withholding. OSC Actions OSC has created a …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/583-new-tax-balance-class-nyc-reportable-wages