(A) The Board shall report to the City Council on the condition of the pension fund. The report shall be made prior to the City Council meeting held for the levying of taxes for the year for which the report is made.
(B) The Board shall certify:
(1) The assets in its custody at such time;
(2) The estimated receipts during the next succeeding calendar year from deductions from the salaries of police officers and from all other sources; and
(3) The estimated amount required during said calendar year to pay all pensions and other obligations provided in this article and in Article 3 of the Illinois Pension Code, ILCS Ch. 40, Act 5, §§ 3-101 et seq., and to meet the annual requirements of the fund as provided in § 5-3-4.
(1993 Code, § 5-3-13) (Ord. 836, passed 4-1-1991)