Internal Controls

Section 1. Internal Controls. Pursuant to Article six of the\nLegislative Law as enacted by the New York State Governmental\nAccountability, Audit and Internal Control Act of 1999, the following\nguidelines for a System of Internal Controls are hereby established.\n a. All financial transactions shall be executed in accordance with the\ngeneral or specific authorization of the Speaker or his or her\ndesignated representative.\n b. All financial transactions shall be recorded in conformity with\ngenerally accepted accounting principles or other applicable criteria in\na manner to maintain accountability for assets.\n c. Access to assets shall be permitted only in accordance with the\nauthorization of the Speaker or his or her designated representative.\n d. The recorded accountability for assets shall be compared with the\nexisting assets at reasonable intervals and appropriate action shall be\ntaken with respect to any differences.\n e. The System of Internal Controls shall provide reasonable assurance\nthat the foregoing are accomplished.\n