§ 5-3. Annual report.

(a) Submission required.

After the close of each fiscal year, a report on the financial operations of the stormwater utility shall be:

(1) submitted to the Board of Estimates, the Board of Finance, and the members of the City Council;

(2) filed with the Department of Legislative Reference; and

(3) posted by the Department of Public Works on its website.

(b) Required contents.

The report shall contain at least:

(1) the following financial statements:

(i) a comparative statement of operating and capital revenues and expenditures and of net assets showing the financial conditions of the utility as of the beginning and close of the fiscal year;

(ii) a comparative statement of operating and capital budgets and of revenues, expenses, and changes in net assets for the last 2 fiscal years; and

(iii) a comparative statement of cash flow for the last 2 fiscal years; and

(2) performance outcomes.

(c) Submission.

The report required by this section:

(1) in addition to any other report required by law; but

(2) may be submitted as a separate section of the statements provided for in City Charter Article VII, § 11 {"Department of Finance: accounting"}.