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 <cite data-doc="City of Baltimore, Md., Charter" data-path="VII|§11">Article VII, § 11 of the City Charter</cite> as to the operation of each said utility containing at least the following financial statements: a comparative balance sheet showing the financial condition of the utility as of the beginning and close of the fiscal year; an analysis of the retained earnings account showing the factors of change in the account as reflected by the comparative balance sheet; a comparative income statement of the last 2 fiscal years; and a comparative detailed analysis of operating expense for the last 2 fiscal years according to functional groupings. City Code, 1976/83, art. 29, §21A(a)(3rd sen.) Ord. 78-941