216-A:3-e Financial Reports. –
I. The commissioner of natural and cultural resources, director of parks and recreation, and commissioner of administrative services shall develop a financial reporting system for the state park system which shall provide for:
(a) An accurate report of all revenue collected from park system operations, by source, including fees and income from the sale of goods and services;
(b) An accurate report of the direct operating costs of the division of parks and recreation and the facilities for which it is responsible;
(c) An accurate report of the debt service costs associated with park system facilities;
(d) An accurate report of such other costs, including the costs of administrative services provided to the park system by other elements of state government, related to park operations;
(e) An accurate report of the funds budgeted for maintenance of park areas and facilities and of the actual amount spent for such maintenance.
II. The financial report shall include detail on the operations of the state's ski areas of Franconia Notch state park. This element of the report shall:
(a) Detail operating expenses and revenue associated with ski area operations;
(b) Detail debt service and other capital expense costs associated with ski area operations;
(c) Include a description of the assumptions made in defining costs and revenues related to ski area operations;
(d) Identify the net profit or loss on ski area operations including all costs and revenues in any fiscal year;
(e) Identify financial management and budgeting procedures to improve the profitability of ski operations.
III. The commissioner of natural and cultural resources shall submit the financial reports required by this section to the governor and council by January 31 following the close of each fiscal year. These reports shall include data on financial operations during the previous fiscal year. The governor and council shall provide the presiding officers of the general court with copies of the commissioner's financial reports.
Source. 1985, 389:6, eff. June 25, 1985. 2016, 207:4, eff. June 6, 2016. 2017, 156:14, I, eff. July 1, 2017.