| (a) The governing board of each district shall ensure that the minutes of governing board meetings and the district's accounting records are prepared on a timely basis and maintained in an orderly manner throughout the district's fiscal year in accordance with the guidelines set forth in the publication Water District Accounting Manual. Each district shall preserve its minutes, contracts, notices, accounts, and all other records or certified copies thereof in a safe place, suitable for public inspection. All records, including the fiscal records, shall be available for public inspection during regular business hours. A district's fiscal records may be removed from the district's office for the purpose of recording its fiscal affairs and for preparing an audit, during which time the fiscal records are under the control of the district's auditor. Those districts proposing to provide or actually providing water and wastewater services or either of
these services to household users as the principal function of the district and having at least 100 qualified electors residing in the district shall maintain all district fiscal records in a district office located in the district. (b) Each district, whether active or dormant, shall maintain records sufficient to determine amounts paid by a developer or others to any other party or parties, on behalf of the district. Such payments shall be disclosed in all of the audit reports, financial reports, or financial dormancy affidavits that are required to be filed by subsections (c), (e), and (f) of this section. (c) Districts using proprietary funds (e.g., enterprise funds) in their audited financial statements shall provide sufficient supplemental information to demonstrate compliance with all legal restrictions on the use of district monies. Such supplemental information shall be shown on the format included in the "Annual Audit Report
Requirements."
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