Indiana Code Title 36. Local Government § 36-6-6-9

Sec. 9. (a) The legislative body shall meet on or before the third Tuesday after the first Monday in February of each year.  At this meeting it shall consider and approve, in whole or in part, the annual report of the executive presented under IC 36-6-4-12.

(b) The legislative body may send for persons, books, and papers necessary in the examination of the report.  A member may administer oaths necessary in the examination of the report.

(c) Any sum in the control of the executive that remains unexpended and is subject to no liability shall be credited in favor of the fund for which it was appropriated.

(d) Any fund expended, in whole or in part, for a purpose for which it was not appropriated shall be considered unexpended and in the control of the executive, who is liable on the executive's bond for such an expenditure.

(e) When its examination of the report is completed, the legislative body shall take action on the report, specifying the parts of the report that are altered or disallowed.  The report remains under the control of the legislative body and in the custody of its chair, who shall keep it open to inspection by taxpayers of the township.