Section 1198.5 Of Article 2. Management From California Military And Veterans Code >> Division 6. >> Chapter 1. >> Article 2.
1198.5
. (a) The secretary of every memorial district shall annually
prepare a financial report signed by the board of directors
containing the following information and related data in such detail
as may be necessary to accurately disclose its financial condition
and operations during the preceding fiscal year:
(1) Assets and liabilities at the beginning and end of the fiscal
year.
(2) Receipts of any kind and the sources thereof.
(3) Disbursements of any kind and the purposes thereof.
(4) A list of all contracts, transactions, agreements of other
obligations entered into.
(b) The board of every memorial district shall provide for the
safekeeping of all records, at such places as the board may order and
shall transfer such records to such boards as are subsequently
elected under the provisions of this chapter.