N.Y. Education Law § 6233: Reports of the city university trustees

§ 6233. Reports of the city university trustees. 1. The trustees of

the city university shall make, on or before January first of each year,

an annual report of its activities and such recommendations as it may

deem appropriate to the board of regents, the governor, the state

comptroller and the legislature. This annual report shall include a

summary of city university's (1) operations and accomplishments; and (2)

revenues and expenditures, in accordance with the categories or

classifications established by the trustees of the city university for

operating and capital outlay purposes.

2. a. On the fifteenth day of each month, from September through July

of each year, the trustees of the city university shall submit to the

chairs of the senate finance committee, the assembly ways and means

committee, the director of the budget and the state comptroller for

informational purposes, reports developed in consultation with the

aforementioned chairs and director of all disbursements of the city

university. These reports shall include but not be limited to:

(i) a comparison of actual disbursements with the state fiscal year

expenditure plan;

(ii) the reallocation between campuses of full-time positions and

filled full-time positions compared to annual targets;

(iii) campus and lump sum transfers and interchanges; and

(iv) identification of any revenue shortfalls, deficiencies,

surpluses, or budgetary actions by the governor.

b. In addition to the items listed in paragraph a of this subdivision,

the reports submitted on the fifteenth of October through July of each

year will include all receipts of the city university and a comparison

of actual receipts with the state fiscal year revenue plan.

c. In addition to the items listed in paragraphs a and b of this

subdivision, the reports submitted on the fifteenth day of November and

April of each year will include:

(i) comparison of actual enrollment to enrollment targets;

(ii) summary of target and actual full-time equivalent positions; and

(iii) breakdown by major purpose of target and filled full-time

positions.

3. The trustees of the city university shall submit to the governor,

the state comptroller, the legislature and the mayor of the city of New

York, within one hundred twenty days after the close of each city

university fiscal year, an annual financial statement for the senior

colleges which has been audited by an independent certified public

accountant and prepared in accordance with generally accepted accounting

principles as prescribed by the state comptroller.