(1) The community college districts of this state shall use the same system for reporting finances.
(2) The Office of Community Colleges and Workforce Development shall:
(a) Select the system, which may be an existing system; and
(b) Provide guidelines for implementation of the system.
(3) The system selected by the office shall include uniform identification of:
(a) Funds;
(b) Revenues by source; and
(c) Expenditures by function and object classification, as that term is defined in ORS 294.311.
(4) The office shall place data gathered from the system on the website of the office to ensure timely access to the information by the public.
(Bonds Issued by Districts)