(a) Each department and agency, other than the Legislature and the courts, shall submit a performance report to (i) the Director of the Office of Management and Budget and the Finance Committee of the Legislature on or before October 30, for preceding fiscal year and (ii) to the members of the Legislature on a quarterly basis on or before January 31st, April 30th and July 31st of every calendar year. These reports shall be in the form prescribed by the Director of the Office of Management and Budget after consultation with the Finance Committee of the Legislature, and shall include statements concerning:
(1) The work accomplished and the services provided in the preceding fiscal year or other meaningful work period, relating actual accomplishments to those planned under section 26(b).
(2) The relationship of accomplishments and services to the policy decisions and budget determinations of the Governor and the Legislature.
(3) The costs of accomplishing the work and providing the services, and, to the extent feasible, citing meaningful measures of program effectiveness and cost.
(4) The administrative improvements made in the preceding year, potential improvements in future years, and suggested changes in legislation or administrative procedures to make further improvement.
(b) Each department and agency required to submit a performance report to the Director of the Office of Management and Budget pursuant to subsection (a) of this section shall submit to each member of the Legislature a copy of such report on the same day it is submitted to the Director of the Office of Management and Budget, but in no event later than January 31 immediately following the conclusion of the fiscal year for which the performance report was prepared.