(a) As soon as practicable after the close of each fiscal year, the district administrator shall prepare a report that includes:
(1) a complete sworn statement of:
(A) all money and choses in action received by the administrator; and
(B) how the money and choses in action were disbursed or otherwise disposed; and
(2) the details of district operation during the preceding fiscal year.
(b) The district administrator shall make the report to:
(1) the board; and
(2) the Martin County Commissioners Court.