Each county board which has a student participating in the incentive program shall, at the end of each school year, report in writing to the Share in your future commission the number of shares earned by each participant. A copy of such report shall be retained by the county board. Accumulated shares earned shall be reported to each student at the end of each school year: Provided, That the appropriate information shall be collected by the school counselor who will then forward the same to the local county board.