In compliance with Article VIII, Section 5 of the Charter of the City of New Haven, Not later than twenty-eight (28) Days after the end of each month of the fiscal year, the Mayor shall submit to the Board of Alders and the financial review and audit commission a report showing: (1) budgeted and actual revenues up to the last day of the preceding month and an estimate of such revenues for the fiscal year; (2) budgeted and actual expenditures for each budgeted agency of the City up to the last day of the preceding month; and an estimate of such expenses for the fiscal year, and (3) the projected budget surplus or deficit for the fiscal year. If the Mayor shall project a deficit, the Mayor shall in such monthly report make recommendations to the Board of Alders for actions to be taken to eliminate the full amount of such projected deficit. Each monthly report shall also be filed in the office of the City Clerk where it shall be available for public inspection.