District of Columbia Code Division I. Government of District. § 6-207.01. Independent annual audit.

(a)(1) Except as provided in subsection (b) of this section, by February 1 of each year, the Authority shall submit to the Council a complete financial statement and report for the preceding fiscal year, which shall be prepared according to generally accepted accounting principles and audited by the Inspector General of the District of Columbia pursuant to § 1-301.115a(e-1).

(2) The report shall include as a basic statement a comparison of audited actual year-end results with the anticipated revenues as submitted to the Council in the proposed budget and the appropriations enacted into law for such year, using the format, terminology, and classifications contained in the law that makes the appropriations for the year and the legislative history of such law.