67.5018.  Treasurer's duties — report required, when. — 1.  The treasurer of the board of each district created shall keep accurate accounts of all receipts and disbursements.  The receipts and disbursements of each district created by sections 67.5000 to 67.5038 shall be audited yearly by a certified or licensed public accountant and the report of the audit shall be approved by the board of each district created.  Upon board approval, the report shall be available for inspection.

  2.  The accounts of the district shall be open at any reasonable time for inspection by duly authorized representatives of the county and cities included within the jurisdictional boundaries of that district.

  3.  Annually, no later than one hundred twenty days after the close of each district's fiscal year, the board of each district created by sections 67.5000 to 67.5038 shall cause to be prepared a report on the operations and transactions conducted by that district during the preceding year.  The report shall be an open record and shall be submitted to the governing bodies of each city and county within the jurisdictional boundaries of that district commencing the year following the year in which the district is created.  The board of each district shall take those actions as are reasonably required to make this report readily available to the public.