ASSEMBLY RESOLUTION amending Rule VII of the Assembly rules, in relation
to guidelines for a system of internal controls

RESOLVED, That Rule VII of the Assembly rules is amended to read as
follows:
RULE VII

GUIDELINES FOR A SYSTEM OF INTERNAL CONTROLS

Section 1. Internal Controls. Pursuant to Article six of the Legisla-
tive Law as enacted by the New York State Governmental Accountability,
Audit and Internal Control Act of 1999, the following guidelines for a
System of Internal Controls are hereby established.
a. All financial transactions shall be executed in accordance with the
general or specific authorization of the Speaker or his or her desig-
nated representative.
b. All financial transactions shall be recorded in conformity with
generally accepted accounting principles or other applicable criteria in
a manner to maintain accountability for assets.
c. Access to assets shall be permitted only in accordance with the
authorization of the Speaker or his or her designated representative.
d. The recorded accountability for assets shall be compared with the
existing assets at reasonable intervals and appropriate action shall be
taken with respect to any differences.
e. The System of Internal Controls shall provide reasonable assurance
that the foregoing are accomplished.
F. THE COMMITTEE ON HOUSE OPERATIONS, OR ANY MEMBER THEREOF, SHALL BE
GRANTED FULL ACCESS TO ALL FINANCIAL RECORDS OF THE ASSEMBLY AND SHALL
BE EMPOWERED TO CAUSE AN INDEPENDENT AUDIT THEREOF AT THE ASSEMBLY'S
EXPENSE.
º 2. Expenditure reporting. Not later than January thirty-first, nine-
teen hundred ninety-six, the Speaker shall cause the establishment of a
system of expenditure reporting whereby expenditures of the House shall
be reported by such categories as he or she shall determine. Reports of
expenditures [by such system] FOR EACH REPORTING PERIOD shall be
published in a form to be prescribed by the Speaker, [and shall report
on all expenditures of the House during each preceding reporting period]
AND POSTED ON THE ASSEMBLY WEBSITE.