Section 4-7   Publication of City's financial statement.
   The City Council shall cause to be published in October of each year a condensed statement of the receipts, expenditure and indebtedness of the City for the period ending the last day of June. This condensed statement shall be published in a newspaper of general circulation in the City. A full and detailed statement of the receipts expenditures and indebtedness of the City shall be made available to the public for review.