D.C. Code § 47-4512: Audit of Program.

(a)

The Mayor shall audit the Program annually.

(b)

(1)

By May 31st of each year, the Chief Financial Officer shall submit to the Council a report for the preceding fiscal year, which shall include:

(A)

The Mayor’s audit report for the year;

(B)

A financial accounting of the Program, including:

(i)

The operating and administrative budget for the Program, which shall include a complete list of revenue sources and expenditures detailing the line-item expenditures;

(ii)

The number of accounts entered into during the previous fiscal year;

(iii)

Efforts by the Chief Financial Officer in marketing the Program; and

(iv)

Any recommendations of the Chief Financial Officer concerning the operation of the Program.

(2)

The Chief Financial Officer shall make available to each account owner a copy of a summary of the report and the option to purchase the full report at a nominal charge.