California § 24274 - The board, on or before its regular monthly meeting in the fourth month of its fi

§ 24274. The board, on or before its regular monthly meeting in the fourth month of its fi

The board, on or before its regular monthly meeting in the fourth month of its fiscal year, shall render a verified statement of the financial condition of the district showing particularly all of the following: (a) Revenues of the next preceding year and their sources: amounts received (cash basis) or amounts received and receivable which increase the equity of the governmental unit (accrual basis). (b) Expenditures of the next preceding year and their purposes: amounts paid (cash basis) or amounts paid and payable which decrease the equity of the governmental unit (accrual basis). (c) The accounting method used (cash or accrual basis). (d) A statement of the accounting method used for the preceding accounting period.