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Title 7 Part 1221 → Subpart A → §1221.113

Title 7 → Subtitle B → Chapter XI → Part 1221 → Subpart A → §1221.113

Electronic Code of Federal Regulations e-CFR

Title 7 Part 1221 → Subpart A → §1221.113

e-CFR data is current as of May 21, 2019

Title 7Subtitle BChapter XIPart 1221Subpart A → §1221.113


Title 7: Agriculture
PART 1221—SORGHUM PROMOTION, RESEARCH, AND INFORMATION ORDER
Subpart A—Sorghum Promotion, Research, and Information Order


§1221.113   Financial statements.

(a) As requested by the Secretary, the Board shall prepare and submit financial statements to the Secretary on a monthly basis. Each such financial statement shall include, but not be limited to, a balance sheet, income statement, and expense budget. The expense budget shall show expenditures during the time period covered by the report, fiscal period-to-date expenditures, and the unexpended budget.

(b) Each financial statement shall be submitted to the Secretary within 30 days after the end of the time period to which it applies.

(c) The Board shall submit annually to the Secretary an annual financial statement within 90 days after the end of the fiscal period to which it applies.