N.Y. Public Authorities Law § 1305-a: Filing five year performance, capital and operating finance plans

§ 1305-a. Filing five year performance, capital and operating finance

plans. 1. (a) On or before October first, nineteen hundred ninety-four,

and annually thereafter on or before April first, the authority shall

adopt an operational performance plan for the five-year period

commencing April first. The plan shall set operational performance plan

goals and objectives, including but not limited to ridership and

passenger revenue goals and objectives for the period, for fixed route

bus operations, and shall establish performance indicators to measure

standards of service and operations. The performance indicators shall

include: revenue passengers, total passengers, revenue vehicle miles,

revenue vehicle hours, number of employees by department, vehicle mean

distance between failures, on-time performance for total service

provided, the cost per passenger, the cost per revenue vehicle mile and

the operating-revenue-to-cost ratio.

(b) Quarterly reports shall be prepared for authority members on

operating performance of fixed route bus operations. The first such

report shall cover the three-month period commencing April first,

nineteen hundred ninety-five and shall be submitted no later than thirty

days after the end of the quarter. Thereafter, quarterly reports shall

be submitted on the last day of October, January, April, and July of

each year. The report shall compare the performance indicators for the

most recent quarter and the year-to-date performance indicators with the

same time period in the previous year with the annual goals established

pursuant to this subdivision.

2. (a) On or before October first, nineteen hundred ninety-four, and

annually thereafter on or before April first, the authority shall adopt

a capital program plan for the five-year period commencing April first.

The plan shall contain the capital program, separately itemized, by the

following functions: regular fixed route bus service, demand responsive

bus service, and any aviation facilities and any marine facilities for

which it currently has or shall assume responsibility.

(b) The plan shall set goals and objectives by function for capital

spending, establish standards for service and operation, describe each

capital project to be initiated in each of the years covered by the plan

and explain how each proposed project supports the goals and objectives

and the service and operational standards established in the performance

plan. The plan shall list separately by function those projects

contributing to the maintenance of the system infrastructure and those

intended to enhance the system. The plan shall also include an estimated

cost for each project and set forth an estimate of the amount of capital

funding required for each year of the plan and the expected sources of

such funding. It shall also include a project schedule for the

initiation and completion of each project. Each plan subsequent to the

first such plan shall describe the current status of each capital

project which has a total estimated cost of one hundred thousand dollars

or more and which was included in the previously adopted plan.

(c) In addition to the annual update, a quarterly capital plan status

report shall be provided to the authority members and shall include, but

not be limited to, a description of any material change in the scope,

cost, funding or time of initiation or completion of a project which has

a total estimated cost of one hundred thousand dollars or more, as

adopted in the plan. The first such report shall cover the three-month

period commencing April first, nineteen hundred ninety-five and shall be

submitted no later than thirty days after the end of the quarter.

Thereafter, quarterly reports shall be submitted on the last day of

October, January, April, and July of each year.

3. (a) On or before October first, nineteen hundred ninety-four, and

annually thereafter on or before April first, the authority shall adopt

an operating finance plan for the five-year period commencing April

first. The plan shall include the annual estimated operating cost for

the following authority functions: fixed bus operations, demand

responsive bus operations, and any aviation facilities and any marine

facilities for which it currently has, or shall assume responsibility.

The plan shall include the proposed method of financing for the level of

service defined for each year of the plan and shall fully allocate the

authority's general costs to each of the above separate functions. The

plan shall provide a narrative describing the overall financial

condition of the operating budget of the authority.

(b) In addition to the annual update, quarterly operating budget

reports shall be prepared for the authority members on the financial

condition of each of the authority's functions. The first such report

shall cover the three-month period commencing April first, nineteen

hundred ninety-five and shall be submitted no later than thirty days

after the end of the quarter. Thereafter, quarterly reports shall be

submitted on the last day of October, January, April, and July of each

year. The reports shall include a budgetary comparison of the most

recent quarter and year-to-date actual revenue and expenditures with the

same time period in the previous year and with the projections for that

time period based on the board approved budget. The reporting for fixed

route bus operations shall be separate from the reporting for demand

responsive bus service.

4. Any and all reports, including interim reports, shall be submitted

to the director of the division of the budget, the commissioner of

transportation and the chief executive officers of Albany, Rensselaer,

Saratoga, and Schenectady counties, the county legislatures of Albany,

Rensselaer, Saratoga, and Schenectady counties, the temporary president

of the senate, the speaker of the assembly, the chairpersons of the

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

the chairpersons of the senate and assembly transportation committees.