Each economic development corporation organized and authorized to operate as provided herein, shall file with the governing authority of the affected jurisdiction or economic development area no later than March 1 of each year, a report of its activities for the preceding calendar year, which report shall include a complete financial statement setting forth its assets, liabilities, receipts, and disbursements as of the end of such calendar year. At the time of filing the report, the corporation shall publish in a newspaper of general circulation in the community, a notice to the effect that such report has been filed with the governing body and that the report is available for inspection during business hours in the office of clerk of said body and in the office of the corporation.
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