The Director of Finance shall keep a full and accurate account of all matters relating to the duties of his office, including taxes and assessments received, money collected and paid out, and vouchers taken therefor. He shall give to the Council a true statement thereof. The Director shall give to the Council, or the accounting officer for the Council, semimonthly or more often as may be deemed advisable by the Director, a report showing: The receipts of all County taxes, and other funds payable to the County, collected by the Director; The deposit of such funds; and, All expenditures or disbursements thereof, on checks prepared for signature of the Director or otherwise, and any investment thereof, if such be the case. Such report shall be prepared on forms for maintenance of a central system of accounts in the Office of Finance, to reflect properly the fiscal status of the County.