N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 517: Annual reports

§ 517. Annual reports. In addition to the reports required by article

five-a of this chapter, within one hundred twenty days after the end of

the fiscal year of the corporation, the directors thereof shall submit

to the participating counties, the commission, and the state comptroller

a complete and detailed audited report setting forth:

1. its operations and accomplishments during such fiscal year;

2. its receipts and expenditures during such fiscal year in accordance

with categories or classifications established by the corporation for

its own operating and capital outlay purposes;

3. its assets and liabilities at the end of such fiscal year including

a schedule of its bonds, notes or other obligations and the status of

reserves, depreciations, special, sinking or other funds;

4. details of branch offices being planned or in the process of being

constructed or otherwise established and branch offices that have been

constructed or established; and

5. such other information relating to the operations of the

corporation as shall be deemed pertinent by the directors, the

participating counties, the commission, and the state comptroller.