<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="§ 5-3 Annual report.">
  <section prefix="§" num="5-3" heading="Annual report.">
    <para num="(a)" heading="Submission required.">After the close of each fiscal year, a report on the financial operations of the stormwater utility shall be:<para num="(1)">submitted to the Board of Estimates, the Board of Finance, and the members of the City Council;</para>
      <para num="(2)">filed with the Department of Legislative Reference; and</para>
      <para num="(3)">posted by the Department of Public Works on its website.</para>
    </para>
    <para num="(b)" heading="Required contents.">The report shall contain at least:<para num="(1)">the following financial statements:<para num="(i)">a comparative statement of operating and capital revenues and expenditures and of net assets showing the financial conditions of the utility as of the beginning and close of the fiscal year;</para>
        <para num="(ii)">a comparative statement of operating and capital budgets and of revenues, expenses, and changes in net assets for the last 2 fiscal years; and</para>
        <para num="(iii)">a comparative statement of cash flow for the last 2 fiscal years; and</para>
      </para>
      <para num="(2)">performance outcomes.</para>
    </para>
    <para num="(c)" heading="Submission.">The report required by this section:<para num="(1)">in addition to any other report required by law; but</para>
      <para num="(2)">may be submitted as a separate section of the statements provided for in &lt;cite data-doc="City of Baltimore, Md., Charter" data-path="VII|§11"&gt;City Charter Article VII, § 11&lt;/cite&gt; {“Department of Finance: accounting”}.</para>
    </para>
    <annotation type="History">Ord. 13-143</annotation>
  </section>
</baltimore-city-law>
