---
kind: "section"
citation: "7 C.F.R. § 1218.51"
title: "7"
number: "1218.51"
heading: "Financial statements."
url: "https://uscodex.org/cfr/7/1218.51"
---

# §1218.51. Financial statements.

- (a) As requested by the Secretary, the Council shall prepare and submit financial statements to the Secretary 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 Secretary within 30 days after the end of the time period to which it applies.
- (c) The Council shall submit annually to the Secretary an annual financial statement within 90 days after the end of the fiscal year to which it applies.

## Notes

### Amendments

[65 FR 43963, July 17, 2000, as amended at 66 FR 37119, July 17, 2001]

### Source

Source: 65 FR 43963, July 17, 2000, unless otherwise noted.

### Authority

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

### Source

Source: 65 FR 7654, Feb. 15, 2000, unless otherwise noted.

### Amendments

[65 FR 43963, July 17, 2000, as amended at 66 FR 37119, July 17, 2001]