Each year between August 15 and September 1, the military family assistance trust fund board shall provide a written report to the governor, the speaker of the senate and the speaker of the house of representatives. 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 and the purposes for which the moneys were spent;
(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.