2009 California Government Code - Section 66705-66705.5 :: Chapter 6. Financial Provisions

66705.  (a) The board shall provide for regular audits of the
authority's accounts and records and shall maintain accounting
records and shall report accounting transactions in accordance with
generally accepted accounting principles adopted by the Government
Accounting Standards Board of the Financial Accounting Foundation for
both public reporting purposes and for reporting of activities to
the Controller.
   (b) The board shall provide for annual financial reports. The
board shall make copies of the annual financial reports available to
the public.

66705.5.  The authority shall be funded through gifts, donations,
grants, state or local bonds, assessments, other appropriate funding
sources, and other types of financial assistance from public and
private sources.