New York Codes, Rules and Regulations Title 2 - DEPARTMENT OF AUDIT AND CONTROL
New York Codes, Rules and Regulations (NYCRR) – Title 2: Department of Audit and Control
Title 2 of the NYCRR contains the rules and regulations governing the New York State Department of Audit and Control, which is administered by the Office of the State Comptroller (OSC). The Comptroller is responsible for overseeing the fiscal integrity of state and local finances in New York.
Key Functions Covered Under Title 2:
Auditing and Oversight
Regulations for auditing state agencies, local governments, and public authorities.
Guidelines for financial reporting and compliance.
Pensions and Retirement Systems
Rules relating to the New York State and Local Retirement System (NYSLRS).
Enrollment, benefit determinations, and service credit rules.
Fiscal Management
Regulations for the approval and payment of state contracts.
Controls over expenditures and obligations of state funds.
Local Government Finance
Oversight of local government financial practices, including budgeting, debt issuance, and reporting.
Unclaimed Funds
Procedures for the reporting and claiming of abandoned property and dormant accounts.
Structure of Title 2 (Example Chapters):
| Part/Section | Topic |
|---|---|
| Part 1 | General provisions and definitions |
| Part 5 | Audits and accounting requirements |
| Part 10 | Retirement system membership and benefits |
| Part 15 | Rules for local finance and debt issuance |
| Part 20 | Administration of unclaimed property |
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