468.33. The fiscal period of the management board begins on 1 January and terminates on 31 December.
The expenses of the management board are charged to the municipal corporations in the territory of which it has jurisdiction. The expenses are apportioned in the manner prescribed in sections 468.4 to 468.6.
However, the management board must reduce the contribution collected from the municipal corporations by any amount received as a subsidy, gift or legacy.