(a) On or before February 1, 2018, the office, in consultation with the board, shall develop and submit a business plan for the program to the Senate Committee on Governmental Organization, the Assembly Committee on Governmental Organization, the Senate Committee on Budget and Fiscal Review, the Assembly Committee on Budget, and the Legislative Analyst’s Office. The business plan shall include, but not be limited to, all of the following elements:

1. (1) The funding plan for the program and the estimated costs associated with the program. The funding plan shall include, but not be limited to, all of the following:

   1. (A) Specific cost estimates for each component of the program, including, but not limited to, education and outreach costs, staff costs, and the capital costs, operation costs, and maintenance costs of the system.
   2. (B) Identification of specific sources of funding, including, but not limited to, federal funds, funds from revenue bonds, local funds, general funds, special funds, funds from private sources, and funding from any written agreements with public or private entities to fund components of the program.
2. (2) The expected roles and responsibilities of various program participants, including, but not limited to, private sector partners and local emergency personnel.
3. (3) The expected time schedule for completing the system and when it can start to provide alerts.
4. (4) A discussion of all reasonably foreseeable risks the program may encounter, including, but not limited to, risks associated with the program’s finances, the reliability of the system, access to land for sensor placement, and changes in technology. The plan shall describe the office’s strategies, processes, or other actions it intends to utilize to manage those risks.

(b) On or before February 1, 2019, and annually thereafter, the office shall report to the Legislature any changes to the business plan from the prior year and shall provide a general report on progress of the program and the implementation of the system. The report shall include, but not be limited to, all of the following:

1. (1) The overall progress of the implementation of the system.
2. (2) An update on funding acquired and expended.
3. (3) An update on contracts and requests for proposals.
4. (4) A summary of recommendations made by the board to the office.