161D.8 - ANNUAL REPORT -- AUDIT.

        161D.8  ANNUAL REPORT -- AUDIT.
         1.  The authority shall submit to the department of management,
      the legislative services agency, and the division of soil
      conservation of the department of agriculture and land stewardship,
      on or before December 31 annually, a report including information
      regarding all of the following:
         a.  Its operations and accomplishments.
         b.  Its budget, receipts, and actual expenditures during the
      previous fiscal year, in accordance with classifications it
      establishes for its operating and capital accounts.
         c.  Its assets and liabilities at the end of the previous
      fiscal year and the status of reserve, special, and other funds.
         d.  A statement of its proposed and projected activities.
         e.  Recommendations to the governor and the general assembly,
      as deemed necessary.
         f.  Any other information deemed necessary.
         2.  The annual report shall identify performance goals of the
      authority, and clearly indicate the extent of progress during the
      reporting period in attaining these goals.
         3.  The fund shall be subject to an annual audit by the auditor of
      state.  
         Section History: Recent Form
         2001 Acts, ch 185, §45; 2003 Acts, ch 35, §45, 49