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Authorities Budget Office Policy Guidance No. 1005 Date Issued: October 26, 2010, Supersedes: New Subject: Annual Board of Directors Evaluation Statutory Citation: Public Authorities Law sections
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Start by gathering all the necessary information and documents required for the form, such as the organization's financial statements, board members' names and positions, and any additional supporting documents.
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Specify the fiscal year for which the annual board report is being prepared.
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Enter the names and positions of all the board members involved in the organization.
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Provide details about the board meetings held during the fiscal year, including the dates, locations, and minutes of the meetings. Highlight any decisions or resolutions made during these meetings.
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Fill in the financial information section, which includes details about the organization's income, expenditures, assets, and liabilities. Ensure that all figures are accurate and supported by the relevant financial statements.
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Auditors and regulators: Auditors and regulators may request the 10-05 annual board report to assess the organization's compliance with relevant laws, regulations, and accounting standards. It provides insight into the organization's governance, financial health, and transparency.
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