The financial accounts and records of the corporation shall be kept by the finance officer according to policies and rules which the board shall adopt.

The corporation shall adopt as its fiscal year the period from July 1st to and including the following June 30th.

In addition to other accounts the board may establish, the financial accounts of the corporation shall include:

Except as otherwise provided for in this division, all funds received by the corporation shall be deposited in the general operating account of the corporation.

Beginning with the fiscal year which begins July 1, 1982, and each fiscal year thereafter, the board shall not adopt any budget for the corporation in which the projected total operating expenditures exceed the expected balance of the general operating account.