The board, on or before its regular monthly meeting in the fourth month of its fiscal year, shall render a verified statement of the financial condition of the district showing particularly all of the following:
(a) Revenues of the next preceding year and their sources: amounts received (cash basis) or amounts received and receivable which increase the equity of the governmental unit (accrual basis).
(b) Expenditures of the next preceding year and their purposes: amounts paid (cash basis) or amounts paid and payable which decrease the equity of the governmental unit (accrual basis).
(c) The accounting method used (cash or accrual basis).
(d) A statement of the accounting method used for the preceding accounting period.
(Amended by Stats. 1985, Ch. 771, Sec. 5.)
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