(2) The financial report shall contain, in detail:
(a) The amount of funds received from contributions made by means of checkoff.
(b) The disposition of the funds received from contributions made by means of checkoff.
(3) If required by the commission by rule, the entity shall also file with the commission its budget, financial statements or other documents or information needed by the commission to determine the use of funds received through checkoff.
(4) All information required by this section shall be as of the close of each fiscal or calendar year of the two years that ended during the 12-month period ending prior to July 1 of the year in which the financial report is filed. [1989 c.987 §11; 2007 c.822 §9; 2021 c.8 §6]