Each year between August 15 and September 1, the military family assistance trust fund board shall provide a written report to the Governor, the Legislative Research Commission, and the Interim Joint Committee on Seniors, Veterans, Military Affairs, and Public Protection. The written report shall provide:
(1) The board's activities during the previous fiscal year;
(2) What moneys were spent out of the military family assistance trust fund for what purposes;
(3) The amount of money left in the fund; and (4) Any recommendations for future initiatives with regard to the trust fund and its administration.