The board and all district boards shall do all of the following:
- (a) Elect a chairperson, vice chairperson, and secretary.
- (b) Supervise and regulate all facilities owned by, and all operations of, the authority or the district, whichever is applicable.
- (c) Enter into contracts necessary for the full exercise of the power of the authority or district.
- (d) Conduct an annual audit of all accounts of the authority or district.