(1)
develop a contingency plan explaining how the political subdivision will operate in the event that the total amount of federal funds and federal receipts that it receives are reduced by 5% or more, but by less than 25%, in the next fiscal year;
(2)
develop a contingency plan explaining how the political subdivision will operate in the event that the total amount of federal funds and federal receipts that it receives are reduced by 25% or more in the next fiscal year;
(3)
submit a copy of the contingency plan to the state auditor; and
(4)
publish the contingency plan on the political subdivision's website, if the political subdivision maintains a website.