---
kind: "section"
citation: "7 C.F.R. § 1212.51"
title: "7"
number: "1212.51"
heading: "Financial statements."
url: "https://uscodex.org/cfr/7/1212.51"
---

# §1212.51. Financial statements.

- (a) The Board shall prepare and submit financial statements to the Department on a periodic 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, year-to-date expenditures, and the unexpended budget.
- (b) Each financial statement shall be submitted to the Department within 30 days after the end of the time period to which it applies.
- (c) The Board shall submit annually to the Department an annual financial statement within 90 days after the end of the calendar year to which it applies.

## Notes

### Source

Source: 73 FR 29397, May 21, 2008, unless otherwise noted.

### Authority

Authority: 7 U.S.C. 7411-7425; 7 U.S.C. 7401.

### Source

Source: 73 FR 11472, Mar. 3, 2008, unless otherwise noted.