On or before November 1 annually, the authority shall submit a detailed annual report of its operations and a complete financial audit for the preceding fiscal year to the governor, the executive council, the speaker of the house of representatives, the senate president, the house finance committee, the senate finance committee, and the state library. The audit shall be performed by an independent certified public accountant selected by the authority and conducted in accordance with generally accepted accounting principles. The annual report shall: I. Provide a complete operating and financial statement of the authority during the previous fiscal year; II. Identify all housing projects funded during the last fiscal year, including their location, scope, and status; and III. Describe the authority's progress in increasing housing for the elderly.
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