Section 1045-Y. Audit and annual report

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The accounts of the authority and
  the water board  shall  be  subject  to  the  supervision  of  the  city
  comptroller.  The authority and the water board shall annually submit to
  the mayor, the comptroller and the director of management and  budget  a
  detailed  report. In addition, an annual audit of the authority shall be
  conducted by an independent certified public  accountant.  Such  audited
  report shall be submitted to the mayor, the comptroller and the director
  of management and budget.

                    
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