The treasurer shall settle and account with the council, quarterly, and also when council may require such by resolution or ordinance. Each year, at the first regular council meeting in January, the treasurer shall report to council the condition of finances of the city, the amount received by him, the sources of such receipts, and the disbursements made by him and on what account, during the preceding year. The treasurer's account shall exhibit the balance due on each fund which may have come into his hands during the year.
(R.C. § 733.45)