N.Y. Comp. Codes R. & Regs. tit. 2 § 202.5

Current through Register Vol. 46, No. 51, December 18, 2024

Section 202.5 - Monitoring the budget and plan

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):

(1) monthly projections for the current fiscal year of all revenues and expenses, in a format consistent with the budget and plan;

(2) monthly projections for the current fiscal year of all receipts and disbursements, in a format consistent with the budget and plan;

(3) monthly projections for the current fiscal year of staffing for the MTA and each of the MTA agencies, in a format consistent with section 202.4(b) of this Part; and

(4) monthly projections for the current fiscal year of utilization for each of the MTA agencies that operate transportation systems, including bridges and tunnels.

(b) Within 60 days after the close of each month, in a format consistent with the budget and plan:

(1) a comparison of actual revenues and expenses to planned levels for each of the MTA agencies, explaining and quantifying variances that are due to timing or have a budgetary impact;

(2) a comparison of actual receipts and disbursements to planned levels for each of the MTA agencies, explaining and quantifying variances that are due to timing or have a budgetary impact;

(3) a comparison of actual staffing to planned levels for the MTA and each of the MTA agencies, explaining and quantifying variances that are due to timing or have a budgetary impact; and

(4) a comparison of actual utilization to planned levels for each of the MTA agencies that operate transportation systems, including bridges and tunnels, with an explanation of any variance and budgetary impact.

(c) Each quarter, until implemented or rescinded, the status of each gap-closing initiative with a projected value equal to or greater than $1,000,000 in any given fiscal year including milestones, impact on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.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 202.5