The commission shall annually submit a report to the commissioners court and the governing body of the municipality. The report must:

1. (1) describe the commission's financial condition and operations during the preceding year;
2. (2) propose a budget for the following year; and
3. (3) describe generally the work proposed for the following year.

Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.