CUNY application status - What does this mean?

Your admission application has been received and is currently under review. After submitting supporting documents, please allow 8-10 weeks for your application status to update. Items sent to CUNY/UAPC will not be returned. Visit www.cuny.edu/admissions/undergraduate/afteryouapply/docs-trans.html for more information.

Does this mean they are making a decision for me to get accepted or not?

I’m a transfer and I have a 3.85 GPA.

Yes