2022 New York Laws
EDN - Education
Title 1 - General Provisions
Article 8 - State University and State Financial Assistance for Higher Education
359 - Reports of the State University Trustees.

§ 359. Reports  of  the  state university trustees. 1. The trustees of
  the state 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 state university's (1) operations  and  accomplishments;  and
  (2)  revenues  and  expenditures,  in  accordance with the categories or
  classifications established by the trustees of the state university  for
  operating  and capital outlay purposes. A copy of such report shall also
  be transmitted to the council of each state-operated institution.
2. On the fifteenth day of September, November,  January,  March,  May
  and July of each year, the trustees of the state university shall submit
  to  the chairs of the senate finance committee and the assembly ways and
  means committee  and  the  director  of  the  budget  for  informational
  purposes,   bi-monthly   reports  developed  in  consultation  with  the
  aforementioned chairs and director of all receipts and disbursements  of
  the state university. These reports shall include but not be limited to:
a.  a  comparison of actual receipts and disbursements with the fiscal
  year expenditure and revenue plan;
b. an allocation of lump sums;
c. an allocation of lump sum positions;
d. the reallocation between campuses of personal  service  based  upon
  full-time equivalent positions;
e. transfers to other than personal service and temporary service;
f. campus allocation changes; and
g.  identification of any revenue shortfalls, deficiencies, surpluses,
  or budgetary actions by the governor.
3. The trustees of the state university shall submit to the  governor,
  the  state  comptroller  and  the legislature, within one hundred twenty
  days after the close of each state university  fiscal  year,  an  annual
  financial  statement  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.
4.  On the fifteenth day of February, May, August and November of each
  year, the state university  shall  provide  the  chairs  of  the  senate
  finance  committee  and  the  assembly  ways and means committee and the
  director of the budget  with:  (a)  quarterly  reports  summarizing  all
  expenditures  from  and  status  of  the  health  care  account  and the
  contractual reserve account authorized by subdivision eight-a of section
  three hundred fifty-five of this article; and (b) a list of networks  in
  which state university health care facilities are participating.
6.  The  state  university  trustees  shall annually report on how the
  revenue generated has been invested in faculty, instruction, initiatives
  to improve student success and on-time completion and student  financial
  assistance  for the duration of the four year tuition plan. The trustees
  shall submit the report by September first of each subsequent year.