(1) The department of education shall annually submit to the governor, the general assembly, the state board of education, and the basic education program (BEP) review committee a complete and detailed reporting of: The operation of virtual education programs;
(2) The number of students enrolling in these programs and the success of the students, including an analysis of the academic accountability of the school's students. The data shall be provided in total numbers and disaggregated and compared to corresponding data for students in traditional school settings;
(3) Efforts made to improve the programs and the delivery of classes, including new technologies examined or implemented;
(4) Funding received and the adequacy of the funding; and
(5) Such other information as the department finds necessary to account for the operation of virtual education programs.
(6) The report shall be submitted by July 1 of each year.