What must be included in the Board's financial reports?

The correct choice indicates that the Board's financial reports must include an estimate of the financial requirements for board expenses. This is essential because it allows for transparency and accountability in the Board's financial management. By estimating the financial requirements, the Board can provide stakeholders, including licensed psychologists and the public, with a clear understanding of how funds are allocated and the financial resources necessary to operate effectively. These reports are crucial for maintaining trust and ensuring that the Board is acting in the best interests of the profession and the citizens of Pennsylvania.

The other options, while potentially relevant in a broader context, do not pertain to the necessary components of the Board’s financial reports. Individual psychologist fees, a list of licensed psychologists, and total income from licensing fees may be of interest but do not directly contribute to understanding the financial health and operational necessities of the Board itself. The focus on estimating board expenses is what aligns directly with the requirements for financial reporting.