A. The mayor being the chief administrative officer of the municipality shall have such powers and duties as specified by the optional forms of municipal government act as it may be amended from time to time and such other duties as may be required by law not inconsistent with the act.
B. The mayor shall furnish the municipal council with a monthly report setting forth the amounts of all budget appropriations, the total disbursements to date from those appropriations and the amount of indebtedness incurred or contracted against each appropriation, and the percentage of the appropriations encumbered to date. The monthly report shall be due to the council from the mayor on the third Thursday of each month for the prior month's expenditures and revenues.
C. The mayor shall also submit to the municipal council at the end of each quarter a statement of income and expenditures of each utility fund reflecting their operation to the date of the statement for the current year and comparing the period with operating results for the same period during the preceding year. This statement of income shall be due from the mayor to the municipal council on the third Thursday of the month following the end of the preceding quarter. (1989 Code: prior code § 2-1-6)