Section 4658. Annual statement

1.  Within  four months of close of an
  operator's fiscal year, unless an extension of time  to  file  has  been
  granted,   the   operator  shall  file  an  annual  statement  with  the
  commissioner showing the condition as of the last day of  the  preceding
  calendar or fiscal year. If the commissioner does not receive the annual
  statement within four months of the end of the operator's fiscal year or
  has  not  granted an extension of time to file, the council may charge a
  late fee.
    2. The  annual  statement  shall  be  in  such  form  as  the  council
  prescribes and shall contain at least the following:
    a. Any change in status with respect to the information required to be
  submitted  pursuant  to  section  forty-six  hundred fifty-seven of this
  article;
    b. Financial statements audited by  an  independent  certified  public
  accountant,  which  shall  contain,  for  two  or  more  periods  if the
  community has been in existence that long, the following:
    (i)  notes  to  the  financial  statements  considered  customary   or
  necessary  to  ensure  full  disclosure  of  the  financial  statements,
  financial condition, and operation; and
    (ii)  an  accountant's  opinion  and,  in  accordance  with  generally
  accepted  accounting principles: (A) a balance sheet, (B) a statement of
  income and expenses, (C) a statement of equity or fund balances, and (D)
  a statement of changes in financial position;
    c. A detailed listing of the assets maintained for the reserves; and
    d. Such other  reasonable  financial  and  other  information  as  the
  council  may  require  with respect to the operator or the community, or
  its  directors,  controlling  persons,  trustees,   members,   branches,
  subsidiaries  or  affiliates  to  determine  the financial status of the
  community and the management capabilities of the operator.
    3. Sixty days before commencement of each calendar or fiscal  year  or
  official opening date, whichever is applicable, each operator shall file
  with the commissioner a computation of the annual long-term debt service
  and  a  projected  annual  revenue  and expense summary for the next ten
  years.
    * NB There are 2 § 4658's