The board of trustees of the pension fund shall make a report to the council of the condition of said pension fund. Said report shall be made prior to the meeting of such council held for the purpose of levying of taxes for the year for which such report is made. Said board shall certify to the council:
(A) The assets in their custody at such time.
(B) The estimated receipts during the next succeeding calendar year from deductions from the salaries or wages of policemen as hereinbefore provided, and from all other sources.
(C) The estimated amount required during said calendar year for: 1) paying all pensions and other obligations provided for in accordance with the provisions of this chapter, and 2) establishing and maintaining the reserve fund provided for in section 6-2-16 of this chapter. (R.O. 1959, Ch. 32, Sec. 17)