(a) The Treasurer, within one hundred and twenty days after the beginning of each fiscal year, shall prepare on a form to be prescribed by the State Tax Commissioner and cause to be published a sworn statement revealing:
(1) The receipts and expenditures of the Town during the previous fiscal year arranged under descriptive headings;
(2) The name of each person who received money from any fund during the previous fiscal year, together with the amount received and the purpose for which paid; and
(3) All debts of the Town; the purpose for which each debt was contracted, its due date, and to what date the interest thereon has been paid; provided, that all salaries, receipts, payments to each individual vendor and expenditures to employees of municipal offices, companies and departments may be published in the aggregate.
(b) The Treasurer shall transmit to any resident of the Town, upon request, a copy of any such statement for the fiscal year designated.
(c) The statement required by subsection (a) hereof shall be sworn to by the Treasurer, the Mayor and two councilmen. As soon as practicable following the close of the fiscal year, a copy of any statement herein required shall be filed by the Treasurer with the State Tax Commissioner, and the Clerk of the County Commission of the County, and the Clerk of the Circuit Court of the County.
(1973 Code §2-41)