The City Treasurer shall submit in writing to Council on the second regular Council meeting of each month a detailed financial report for the previous month, which shall include, but not be limited to, a balance sheet, monthly receipts and disbursements and a variance report showing the differential between budgeted cash flow and actual cash flow. In the event that there are audits performed by independent auditors, the State Tax Department or any other governmental or regulatory agency, the City Treasurer shall submit such audit reports, along with any findings, determinations or recommendations, to Council no later than the second regular Council meeting following the receipt of such reports by the City.
(1970 Code Sec. 2-102)