The board of library directors shall make an annual itemized report to the state library commission on September 1 of each year, stating the condition of their trust, and the various sums of money received from the library fund and from all sources, and how much has been expended, the number of books and periodicals on hand, and the number added by purchase, gift or otherwise during the year, the number lost or missing, the number of books loaned out and the general character of such books, with such other statistics, information and suggestions as they may deem of general interest and as the state library commission may require. (1960 Code, Sec. 1-605; amd. 1977 Code)