The coordinating board by rule shall require each junior college district to report to the coordinating board through the Education Data System, Community College Annual Reporting and Analysis Tool, Report of Fundable Operating Expenses, or any successor program, data necessary to:
(1) calculate funding under this chapter;
(2) provide timely data and analyses to inform management decisions by the governing body of each junior college district;
(3) administer or evaluate the effectiveness of the program; or
(4) audit the program.