Rhode Island General Laws Title 45. Towns and Cities § 45-54-22. Annual report and audit

Within one hundred twenty (120) days from the close of its fiscal year, the corporation shall make an annual report to the chief executive officer and legislative body of the municipality of its activities for the preceding fiscal year. Each report shall present a complete operating and financial statement covering its operations during the year. The corporation shall cause an annual audit of the books, records, and accounts of the corporation to be made and the costs shall be treated as a part of the cost of operation.