CA Gov't Code Section 53411

The chief fiscal officer of the issuing local agency shall file a report with its governing body no later than January 1, 2002, and at least once a year thereafter. The annual report shall contain all of the following:

(a)

The amount of funds collected and expended.

(b)

The status of any project required or authorized to be funded as identified in subdivision (a) of Section 53410.