2007 California Government Code Article 3. Reports And Statements

CA Codes (gov:6599.31)

6599.31.  The books and records of the authority shall be audited
annually and a summary of the audit shall be provided to the
authority's members and shall be a public record.  The audit shall be
done by a certified public accountant  pursuant to agreement with
the authority.  Each annual audit, or a separate annual actuarial
analysis, shall determine whether the authority has sufficient assets
and reserves to maintain actuarial soundness, and shall recommend to
the board any amounts which the authority should credit, refund, or
assess its members to retain that soundness.
   If any provision of this section conflicts with Section 6505, this
section governs.