The comptroller of each public transit district shall, as soon as possible after the close of each fiscal year: (1) prepare a statement of revenues and expenditures for the fiscal year just ended, in the detail that the board of trustees or transit commission prescribes; and (2) transmit a copy of the statement to the chief executive officer of: (a) each municipality within the district; and (b) each county with unincorporated area within the district.
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