The board shall report to the city council on the condition of the pension fund. The report shall be made prior to the council meeting held for the levying of taxes for the year for which the report is made.

    The board shall certify:

    A.    The assets in its custody at such time;

    B.    The estimated receipts during the next succeeding calendar year from deductions from the salaries of police officers, and from other sources; and

    C.    The estimated amount required during the calendar year to: (1) pay all pensions and other obligations provided in this chapter, and (2) to meet the annual requirements of the fund as provided in Section 3-125 of the Act. (Ord. 867 § 8, 1990)

2.66.080    Report by board.