(A) The Secretary shall keep, or cause to be kept, such data as shall be necessary for an actuarial valuation of the assets and liabilities of the retirement system.
(B) The Board of Trustees shall annually render a report to the Council showing the fiscal transactions of the system for the year ended the preceding June 30, and a balance sheet showing the financial condition of the system by means of an actuarial valuation of its assets and liabilities.
(Prior Code, § 16.05) (Ord. D-678, passed 1-18-1965, effective 2-1-1965; Ord. D-1592, passed 6-19-1989, effective 6-29-1989; Ord. D-1737, passed 3-20-1995, effective 3-30-1995)