Annual Meeting of the Members of the Local League a report, verified by the President and Treasurer, or by a majority of the Directors, showing:

            (1) The condition of the Local League, to be presented by the President or his/her designee;

            (2) A general summary of funds received and expended by the local league for the previous year, the amount of funds currently in possession of the local league, and the name of the financial institution in which such funds are maintained;

            (3) The whole amount of real and personal property owned by the Local League, where located, and where and how invested;

            (4) For the year immediately preceding, the amount and nature of the property acquired, with the date of the report and the manner of the acquisition, the amount applied, appropriated or expended, and the purposes, objects or persons to or for which such applications, appropriations or expenditures have been made;

            (5) The names of the persons who have been admitted to regular membership in the Local League during such year. This report shall be filed with the records of the Local League and entered in the minutes of the proceedings of the Annual Meeting. A copy of such report shall be forwarded to Little League International.

(c) At the Annual Meeting, the Members shall determine the number of Directors to be elected for the ensuing year and shall elect such number of Directors. The current Board of Directors will provide a recommendation to the membership for consideration and decision.  The number of Directors elected shall be an odd number, not less than seven (7) and no more than 11.

(d)  After the new Board of Directors is elected, the current and new Board shall meet in a subsequent meeting to elect the new future officers. After the election, the Board of Directors shall assume the performance of its duties on 1st of October. The current Board’s term of office shall continue until its successors are elected and qualified under this section.  The current board and new board should meet in joint session during the month of September to accommodate the board transition.  Outgoing Board Members shall complete the fiscal year obligations ending September 31 and transition to the new Board to assure for the future success of the incoming Board and the ongoing obligations and operations of the Local League.  The Outgoing President and Officers will need to sign the Annual Tax and Legal Filing for the fiscal year they were in office.