(A) Within six months after the end of each fiscal year, the Treasurer shall prepare and file with the City Clerk annually an account of monies received and expenditures incurred during the preceding fiscal year as specified in this section. The Treasurer shall show in such account the following:
(1) All monies received by the city, indicating the total amounts in the aggregate received in each account of the city, with a general statement concerning the source of such receipts; provided, however, for the purposes of this division (A)(1), the term “account” shall not be construed to mean each individual taxpayer, householder, licensee, utility user or such other persons whose payments to the city are credited to a general account;
(2) Except as provided in division (A)(3) of this section, all monies paid out by the city where the total amount paid during the fiscal year exceeds $1,000, giving the name of each person to whom paid, on what account paid and the total amount in the aggregate paid to each person from each such account;
(3) All monies paid out by the city as compensation for personal services, giving the name of each person to whom paid, on what account paid and the total amount in the aggregate paid to each person from each such account; and
(4) A summary statement of operations for all funds and account groups of the city, as excerpted from the annual financial report as filed with the appropriate state agency of the State of Illinois.
(B) Upon receipt of such account from the City Treasurer, the City Clerk shall publish the account at least once in one or more newspapers published in the city.
(1993 Code, § 1-2-91)
Statutory reference:
See similar provisions, ILCS Ch. 65, Act 5, § 3-10-5.1