(1) The city comptroller shall each month prepare and present to the council a summary
statement of the revenues and expenses of the city for the preceding month, detailed
as to appropriations and funds, and arranged in standard form, together with a balance
sheet statement of the current assets and current liabilities of such city at the
close of such month. These summaries shall be accompanied by such detailed schedules as the council may
by ordinance require. The full detailed acts and proceedings of the council at every general or special
meeting thereof, including the full text of all reports filed and presented at such
meeting, shall be published as a class 1 notice, under ch. 985, subsequent to the
day of each such council meeting; and in the months of January, April, July and October
the council shall cause to be published as a class 1 notice, under ch. 985, detailed
schedules of the receipts and disbursements of moneys for the 3 calendar months next
preceding the month of such publication. The compensation to be paid for such publications shall not exceed the rate provided
by law for the publication of legal notices.
(2) At the end of each year the council shall cause a full and complete examination
of all of the books and accounts of the city to be made by competent certified public
accountants licensed or certified under ch. 442, who shall report in full thereon
to the council. Copies of such reports shall be furnished by the council to all newspapers of the
city and to all persons who shall apply therefor.
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