The State Treasurer annually shall submit to the Director for the Fund a statement that: for the fiscal year for which the statement is made: states the balance of the Fund on the last day of the year; states the income of the Fund; and summarizes the payments from the Fund; and states the balance of the Fund on the last day of the preceding fiscal year. On or before October 1 of each year, the Board shall submit to the Governor and, subject to § 2–1257 of the State Government Article, the General Assembly an annual report that includes a detailed statement of the balances and expenses of the Fund.