How often must the Board submit a financial report, and to which entity?

The Board is required to submit a financial report annually to the Department of State. This requirement aligns with state regulations that aim to ensure transparency and accountability in the operations of licensed professionals, including psychologists. By reporting to the Department of State, the Board helps maintain oversight and governance of the practices within the profession, allowing for the evaluation of compliance with established standards and financial management protocols.

The other options suggest different entities or reporting frequencies that do not match the established requirements. It's essential for boards and professional regulatory bodies to adhere to the correct reporting relationships and timelines to maintain organizational integrity and meet regulatory obligations. The annual report to the Department of State serves this purpose effectively in the context of psychological practice regulation in Pennsylvania.