New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter V - Public Authorities
Part 202 - Budget And Financial And Strategic Operation Plan Format, Supporting Documentation And Monitoring-metropolitan Transportation Authority
Section 202.5 - Monitoring the budget and plan
Current through Register Vol. 46, No. 39, September 25, 2024
The MTA shall prepare and make available for public inspection one or more reports on the following:
(a) Within 60 days of the release of the adopted budget and any updates to the budget (except any updates released within 90 days of the close of the current fiscal year):
(b) Within 60 days after the close of each month, in a format consistent with the budget and plan:
(c) Each quarter, until implemented or rescinded, the status of each gap-closing initiative with a projected value equal to or greater than $1,000,000 in any given fiscal year including milestones, impact on staffing, current implementation status, actual savings or revenues to date and projected annual savings or revenues in comparison to budget and plan projections. (The MTA, with the consent of the State Comptroller, may limit reporting to the largest initiatives that comprise 90 percent of the value of the agency gap-closing program.)
(d) Each month, transfers to or from the corporate and stabilization accounts, interagency loans and other reserves or accounts.
(e) Each month, the status of capital projects by capital element, including but not limited to commitments, expenditures and completions, and an explanation of material variances from the plan, cost overruns and delays.
