The supervisor or supervisors shall maintain an account showing in detail the revenue raised and the expenses necessarily incurred in the performance of the supervisor's duties. The supervisor or supervisors shall prepare an annual fiscal report on or before July 1 which shall conform to procedural and substantive requirements to be established by the Board of Governors and which, upon approval by the Board of Governors, shall be distributed to the residents of the gores. (Added 1967, No. 331 (Adj. Sess.), § 1, eff. Jan. 1, 1969; amended 1969, No. 219 (Adj. Sess.), § 1, eff. March 27, 1970; 1977, No. 146 (Adj. Sess.), § 3; 1999, No. 139 (Adj. Sess.), § 4, eff. May 18, 2000; 2003, No. 96 (Adj. Sess.), § 5; 2013, No. 142 (Adj. Sess.), § 37; 2015, No. 131 (Adj. Sess.), § 27.)