On or before January 1 of each year, the Administration shall prepare a report to be submitted to the General Assembly and the Department of Fiscal Services on the waiting list equity fund. The Administration shall include in the report: An accounting of all receipts and expenditures to and from the fund; The number of individuals who left and entered State residential centers during the previous year; The number of additional individuals who were on the waiting list for services from the Administration during the previous year; and An accounting of each factor used to determine the cost of providing services to an individual in a State residential center in accordance with the provisions stated in Health-General Article, §7-206, Annotated Code of Maryland. The Administration shall: Review the needs of individuals on the waiting list by July 1, 1998; and Modify these regulations, as appropriate, to respond to the needs of the individuals on the waiting list.