The Board of Directors must report annually on the activities and finances of the Corporation and provide an audited financial statement of the Corporation to the Executive and Council by November 1 of each year. The report must also include:
(a) the Corporation’s plan to solicit and receive additional public and private funding for its operations; and
(b) information on the microlending program including:
(1) the number of microloans issued during the prior fiscal year by dollar value of the loan;
(2) a description of how each loan was used;
(3) loan repayments received;
(4) the rate of repayment; and
(5) non-County funds leveraged to support the program. (, § 1; , § 1; 2017 L.M.C., ch. 10, §1; , §1; , § 1.)
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