SECTION 55 FINANCIAL REPORTS.
   The Council shall have furnished them a monthly balance showing in detail all receipts and expenditures of the City for the preceding month; and the aggregate receipts and expenditures of each department shall be published by the Council in such manner as to provide full publicity. At the end of each year the Council shall have printed an annual report, in pamphlet form, giving a classified statement of all receipts, expenditures, assets, and liabilities of the City; a detailed comparison of such receipts and expenditures with those of the year preceding; a summary of the Council proceedings and summary of the operations of the administrative departments for the previous 12 months. A copy of this report shall be furnished the State Bureau of Accounting, the public library and any citizen of the City who may apply therefor at the office of the Clerk of the Council.
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