Section 517. Annual reports


Latest version.
  • In addition to the reports required by article
      five-a of this chapter, within one hundred twenty days after the end  of
      the  fiscal  year of the corporation, the directors thereof shall submit
      to  the  participating  counties,  the  state  board,  and   the   state
      comptroller a complete and detailed audited report setting forth:
        1. Its operations and accomplishments during such fiscal year;
        2. Its receipts and expenditures during such fiscal year in accordance
      with  categories  or  classifications established by the corporation for
      its own operating and capital outlay purposes;
        3. Its assets and liabilities at the end of such fiscal year including
      a schedule of its bonds, notes or other obligations and  the  status  of
      reserves, depreciations, special, sinking or other funds;
        4.  Details of branch offices being planned or in the process of being
      constructed or otherwise established and branch offices that  have  been
      constructed or established;
        5.   Such   other  information  relating  to  the  operations  of  the
      corporation  as  shall  be  deemed  pertinent  by  the  directors,   the
      participating counties, the state board, and the state comptroller.