March (pdf) - New York Power Authority

March 29, 2011
Balanced Scorecard – The balanced scorecard sets the performance goals and targets and captures the
performance results by which the organization measures its success in achieving its mission.
“The Mission Statement, Vision Statement and Values remain unchanged from the prior year. The
supporting business plans, which are represented in the Strategic Goals and Balanced Scorecard performance
measures, cover planned work and anticipated resource requirements for the period 2011 through 2015, and have
been updated by each of the respective departments. The business plans have been designed to both complement
and translate the 2011 Strategic Plan goals into operational plans for each of the business units. There is direct lineof-sight
between the 2011 Strategic Plan goals and many of the business unit initiatives detailed in each business
plan. More importantly, the business plans were designed to describe all the responsibilities and functions carried
out within each business unit, including the day-to-day baseline work, specific business unit initiatives required to
improve the effectiveness or efficiency of the core business, and the resources required to perform the Authority’s
business activities. By taking this holistic view, it is possible to gain a broad view of the total resource requirements
– people, O&M dollars, and capital dollars – necessary to complete both the baseline work, as well as work
associated with one-time initiatives.
“On March 1, 2010, the Authorities Budget Office issued a Policy Guidance statement concerning the
implementation of Chapter 506 of the Laws of 2009. In addition to the filing of the mission statement and
performance measures as part of the Annual Report filed pursuant to Section 2800 of the Public Authorities Law, the
ABO has requested that each authority provide responses to five questions related to matters of the mission and to
certain policy issues regarding the role of the Board and the appointment and role of management. These matters
are clearly spelled out in the Authority’s By-Laws, last approved by the Trustees at their October, 2010 meeting.
Exhibit ‘1k-B’ attached hereto, lists the additional questions and responses that are to be filed with the mission
statement and performance measures.
RECOMMENDATION
“The Senior Vice President – Corporate Planning and Finance recommends that the Trustees adopt the
2011 Strategic Plan presented herein and authorize the filing of the Mission Statement and Performance Measures
document with the Authorities Budget Office as required by Section 2824-a of the Public Authorities Law.
“For the reasons stated, I recommend the approval of the above-requested action by adoption of a
resolution in the form of the attached draft resolution.”
The following resolution, as submitted by the President and Chief Executive Officer, was unanimously
adopted.
RESOLVED, That the Trustees hereby acknowledge that they
have read, understand and adopt the Authority’s 2011 Strategic Plan
attached hereto as Exhibit “1k-A” as discussed in the foregoing report of
the President and Chief Executive Officer; and be it further
RESOLVED, That pursuant to Section 2824-a of the Public
Authorities Law, the Corporate Secretary be, and hereby is, authorized to
file with the Authorities Budget Office the mission statement and
performance measures contained in the Authority’s Strategic Plan and post
such information on the Authority’s website; and be it further
RESOLVED, That pursuant to the Policy Guidance issued by the
Authorities Budget Office on March 1, 2010, the Trustees hereby
acknowledge that they have read, understand and adopt and the Corporate
Secretary be, and hereby is, authorized to file with the Authorities Budget
Office the responses to the additional questions posed by such Office
attached hereto as Exhibit “1k-B”; and be it further
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