A. The trustees, on or before the first Monday of July of each year, shall make a report to the governing body of the city or town containing:

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Terms Used In Arizona Laws 9-418

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Property: includes both real and personal property. See Arizona Laws 1-215

1. A full statement of all property and money received, where derived and how used and expended.

2. The number of books, journals and other publications on hand, the number added by gift, purchase or otherwise during the year, the number lost or missing and the number and kind of those loaned.

3. Such other statistics, information and suggestions as may be of general interest.

B. A financial report, showing all receipts and disbursements of money, shall be made by the secretary of the board of trustees, verified by oath.