The board of directors shall submit an annual audit report to the executive board within 90 days after the close of the fiscal year. The report shall include a financial statement detailing assets and liabilities, fiscal year budget, receipts, expenditures, encumbrances, fund balances, and organization.

Source: 9 SDR 24, effective August 29, 1982; 12 SDR 151, 12 SDR 154, effective July 1, 1986.

General Authority: SDCL 33-11A-3.

Law Implemented: SDCL 33-11A-4.