(1) The district clerk shall make available revenue and expenditure reports to the board of trustees.
(2) The recommended format for revenue and expenditure reports for budgeted funds is:
(a) The revenue budget report should show by revenue account the amount budgeted by fund for each revenue account, the amount collected to date, and the amount remaining to be collected.
(b) The expenditure budget report should show the amount budgeted by line item, function, or in total, the amount expended to date and the amount of budget authority remaining.
(3) Revenue and expenditure reports for nonbudgeted funds should include, at a minimum, the amount collected to date for each revenue account and the amount expended to date by expenditure line item or expenditure function category.