Each institution receiving assistance pursuant to section 79-2304 shall report annually to the State Department of Education. The report shall give a description of the operation of the high school equivalency program for which assistance was provided and shall include information on the following for the most recently completed fiscal year:

(1) The number of diplomas of high school equivalency awarded pursuant to such high school equivalency program;

(2) The number of participants in the high school equivalency program who moved successfully through the continuum of literacy skill levels offered by the program;

(3) The number of participants completing the high school equivalency program who secured entry-level career path employment;

(4) The number of participants completing the high school equivalency program who went on to postsecondary education or additional career training; and

(5) The number of participants in the high school equivalency program who were Nebraska residents or enrolled in a postsecondary educational institution located in Nebraska.