The comptroller shall, on or before the first day of December of each year preceding the year for which the estimates are made, submit to the city council a report of the estimates of the funds necessary to defray the expenses of the city government during the fiscal year about to begin. He shall in such report classify the different objects and branches of the city expenditures, giving, as nearly as may be, the amount required for each. For this purpose, he is authorized to require of all City officers and heads of departments, their statements of the condition and expense of their respective departments and offices, with any proposed improvement and the probable expense thereof, of contracts already made and unfinished, and the amount of any unexpended appropriation of the preceding year.
He shall, in such report, show the aggregate income of the preceding fiscal year from all sources, the amount of liabilities outstanding upon which interest is to be paid, and of bonds and city debts payable during the coming year, when due and where payable, together with all such information as may be necessary to enable the city council to prepare and pass the annual appropriation ordinance in the manner prescribed by statute, and so that the city council may fully understand the money exigencies and demands of the city for the year for which appropriations are to be made.
(Prior code § 7-19)