A. The district shall keep the following records which shall be open to public inspection:
1. Minutes of all meetings of the board.
2. All resolutions.
3. Accounts showing all monies received and disbursed.
4. An annual budget.
5. All other records required to be maintained by law.
B. The members of the board of supervisors are not eligible to receive compensation for their services as members of the district board.
C. The board of directors shall comply with title 38, chapter 3, article 3.1 as a separate political subdivision.