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<br />Annual Reporting Requirements (8410.0150) <br />8410.0150 - Annual Reporting Requirements <br /> <br />Subpart 1. Requirementfor Annual Financial, Activity, and Audit Reports. Within 120 <br />days of the end of the watershed management organization 'sfiscal year, each organization <br />shall submit to the board a financial report, an activity report, and an audit report for the <br />preceding fiscal year if it has expended or accrued funds during this time. These reports <br />may be combined into a single document. The audit report for the preceding fiscal year <br />must be prepared by a certified public accountant or the state auditor and forwarded to the <br />state auditor's office within 120 days of the end of the fiscalyear. <br /> <br />Note: The text of 8410 will be utilized to describe the WMO's reporting requirements. <br /> <br />SubpClrt2... Content of Annual Financial Report. The annualfinancial report must include <br />the following information: <br /> <br />A. The approved budget; <br /> <br />B. A reporting of revenues; <br /> <br />C. A reporting of expenditures; and <br /> <br />D. A financial audit report or section that includes a balance sheet, a classification of revenues <br />and expenditures, an analysis of changes in final balances, and any additional statements <br />considered necessary for full financial disclosure. <br /> <br />Water Management Plan <br />P:\Mpls\23 MN\02\2302047\WorkFiles\3rd Gen WMP\LRRWMO_3rd Gen WMP_July 2009_Draft.doc <br /> <br />99 <br />