Each year the Town Manager shall prepare a Town Report which shall include:
Financial statements. The statement of the past year's financial activities and a comparative statement of the previous and present budget.
Review of Council actions. A review of all major Council actions, including a summary of ordinances enacted.
Town vital statistics. There shall be a section which presents actions taken by Town boards or departments and the Town Council. The effective date of the report shall be the end of the fiscal year and the report shall be made available to the voters of the Town not later than seven days prior to the date of the annual meeting.
Each year on a date in March fixed by the Council, the Council shall summon the voters of the Town to hear reports of the previous year's activities and of proposals for the current year and to vote on the Town budget for the coming year.