The Treasurer shall settle and account with the Council, quarterly, and at any other time which Council by resolution or ordinance requires. Each year, at the first regular Council meeting in January, the Treasurer shall report to Council the condition of finances of the City, the amount received by him or her, the sources of such receipts, and the disbursements made by him or her, and on what account, during the preceding year. The Treasurer's account shall exhibit the balance due on each fund which has come into his or her hands during the year.
(ORC 733.45; 1978 Code § 32.53)