2-2-7: REPORT FOR TAX LEVY:
The board shall make report to the city council on the condition of the fund prior to the meeting of such council held for appropriating and levying of taxes for the year for which such report is made. The board shall certify to the council of the municipality:
   (A)   The assets in the custody at such time.
   (B)   The estimated receipts during the next succeeding year (from January 2 to December 31) from deductions from salaries or wages of firemen and from all other sources.
   (C)   The estimated amount during such period for:
      1.   Paying all pensions and other obligations provided in this chapter including, but not limited to, the actuarial reserves and accrued liabilities specified, and
      2.   Maintaining the reserve fund as provided by statute. (1977 Code)