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Section 2-197 Accounts; required; open to inspection; to be audited.
(a) The Trustees shall keep a strict account of the receipts and disbursements of all funds, which shall be open at all times to public inspection and shall be audited by the auditor of the City as are funds of other departments of the City. (b) In addition to the audits required in subsection (a), an actuarial study of the pension plan shall be prepared by a firm of recognized actuarial consultants at regular intervals as determined by the Pension Board, but in no event at more than three (3) year intervals. The expenses incurred in connection with the preparation of such a study shall be paid from the Pension Fund. (Code 1958, 17-13)
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