Each year, no later than October 1st, the comptroller shall prepare, and publish on the City of Chicago department of finance website, an annual statement giving a full and detailed statement of all receipts and expenditures during the preceding fiscal year. Such statement shall also detail the liabilities and resources of the city, and all other things necessary to exhibit its true financial condition. The comptroller shall submit such annual statement to the city council, through the committee on finance, in a convenient form, accompanied by the certification of a public accountant, who shall not be connected with the city government, and who has been appointed by the finance committee.
Such accountant shall certify that the statements contained in the comptroller's report are true reflections of the books of his office, which books have been correctly kept in accordance with the daily department reports and other returns of the city's transactions after audit and verification by the various divisions within his office.
By virtue of its finance committee appointment, such accountant shall also be authorized to perform other audits associated with the annual statement if, in the judgment of the comptroller: (1) the funds at issue in such other audits form an integral and significant part of the annual statement, and (2) such combined auditing function will avoid a substantial duplication of effort.
(Prior code § 7-21; Amend Coun. J. 6-11-08, p. 28823, § 1; Amend Coun. J. 10-28-15, p. 11951, Art. X, § 2)