N.Y. Education Law Section 493
Annual report of trustees

The trustees of the fund shall submit to the mayor, the board of education and the city council of the city of Yonkers annually on or before February first, a full report of its activities and operations through the thirtieth day of the preceding September, including:

(1)

details as to projects in planning, projects in the process of construction, acquisition, reconstruction, rehabilitation or improvement, and projects completed;

(2)

the performance record of the trustees in completing construction in accordance with the desired completion dates and within the estimated costs;

(3)

the architects, engineers and other private consultants engaged by the trustees of the fund on a contract basis and a statement of the total amount paid and yet to be paid, or estimated yet to be paid, under each such contract;

(4)

the monies made available for the purposes of the fund;

(5)

details as to any lease, sublease or agreement executed by the trustees of the fund and the annual rentals to be paid or received on account thereof;

(6)

its assets and liabilities at the end of the fiscal year, including the status of reserve funds and other funds and accounts;

(7)

a schedule of its bonds and notes outstanding at the end of its fiscal year, together with the amounts redeemed and incurred during such fiscal year, and such other information related to the activities and operation of the fund as the trustees may consider pertinent.

Source: Section 493 — Annual report of trustees, https://www.­nysenate.­gov/legislation/laws/EDN/493 (updated Sep. 22, 2014; accessed Jan. 18, 2025).

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Accessed:
Jan. 18, 2025

Last modified:
Sep. 22, 2014

§ 493’s source at nysenate​.gov

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