(2) The financial report shall contain, in detail:
(a) The amount of funds received from contributions made by means of checkoff.
(b) The disposition of the funds received from contributions made by means of checkoff.
(3) If required by the commission by rule, the entity shall also file with the commission its budget, financial statements or other documents or information needed by the commission to determine the use of funds received through checkoff.
(4) All information required by this section shall be as of the close of each fiscal year of the two fiscal years of the entity that ended during the 12-month period ending prior to July 1 of the even-numbered calendar year. [1989 c.987 §11; 2007 c.822 §9]
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