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  4. Part 202 Budget and Financial and Strategic Operation Plan Format, Supporting Documentation and Monitoring--Metropolitan Transportation Authority
  5. § 202.3 Budget and plan format.

Official Compilation of Codes, Rules and Regulations of the State of New York

Title 2. Department of Audit and Control

§ 202.3 Budget and plan format.

Each budget and plan shall:

(a) be prepared so that information relating to the MTA and each of the MTA agencies is presented in a consistent manner and format;

(b) be prepared in accordance with generally accepted accounting principles, except as otherwise consented to by the Comptroller upon good cause shown;

(c) be based on reasonable assumptions and methods of estimation;

(d) include estimates of projected operating revenues and other operating funding sources (including but not limited to fares, tolls, taxes and governmental subsidies);

(e) include estimates of projected reimbursable and nonreimbursable personal service operating expenses, including but not limited to salary and wage costs, overtime, health insurance and pension costs;

(f) include estimates of projected reimbursable and nonreimbursable nonpersonal service operating expenses, including but not limited to power, fuel, public liability, insurance, materials and supplies, contract services and depreciation;

(g) include estimates of projected debt service to finance the capital program approved by the Capital Program Review Board or any amendment proposed by the MTA to the approved capital program;

(h) include estimates of projected debt service to finance capital needs that extend beyond the approved capital program or any amendment proposed by the MTA to the approved capital program;

(i) include estimates of projected debt service for all other capital projects, such as projects for the Triborough Bridge and Tunnel Authority, to be funded during the plan period in whole or in part by borrowings;

(j) identify any planned transactions that would shift resources, from any source, from one year to another, and the amount of any reserves;

(k) except in the case of the Triborough Bridge and Tunnel Authority, include a corresponding cash budget and plan, and identify all cash adjustments, in excess of $500,000, including but not limited to debt service, taxes and government subsidies; and

(l) be accompanied by a certification by the executive director of the MTA to the effect that, to the best of his or her knowledge and belief after reasonable inquiry, the budget or plan, as the case may be, is based on reasonable assumptions and methods of estimation and that the requirements of sections 202.3 and 202.4 of this Part have been satisfied.