1. At the spring meeting, the Board of Directors shall present to the members a report verified by the President and Treasurer and approved by a majority of the Directors showing, in appropriate detail, the following:

1. The assets and liabilities, including the trust funds of the Corporation as of the end of the fiscal year immediately preceding the date of the report;
2. The principal changes in assets and liabilities including accounts during the year immediately preceding the date of the report;
3. The revenue or receipts of the Corporation, both operating and capital reserves, for the year immediately preceding the date of the report, including separate data with respect to each account held by or for the Corporation;
4. The expenses or disbursements of the Corporation for both operating and capital reserves during the year immediately preceding the date of the report, including separate data with respect to each trust fund held by or for the Corporation;
5. A membership report to include the number of members of the Corporation as of the date of the report, the number of members in good standing, a statement of increase or decrease in such number during the year immediately preceding the date of the report, and a statement of the place where the names and addresses of the current members may be found. This report shall be filed with the minutes of the meeting of the members.