§ 3-3. Annual report.

After the close of each fiscal year, there shall be submitted to the Board of Estimates, the Board of Finance, and to the members of the City Council, a report which may be submitted as a separate section of the statements prescribed under Article VII, § 11 of the City Charter as to the operation of each said utility containing at least the following financial statements:

(1) a comparative balance sheet showing the financial condition of the utility as of the beginning and close of the fiscal year;

(2) an analysis of the retained earnings account showing the factors of change in the account as reflected by the comparative balance sheet;

(3) a comparative income statement of the last 2 fiscal years; and

(4) a comparative detailed analysis of operating expense for the last 2 fiscal years according to functional groupings.