11 Pa.C.S. § 11806: Record of assets, property, trusts, debts due, receipts and expenditures.

The chief fiscal officer or other official or employee of the city designated by council shall have charge and keep a record of accounts, under appropriate titles, to show separately and distinctly the following:

(1) All of the assets and property vested in the city.

(2) All trusts in care of the city.

(3) Debts owed by the city.

(4) All of the receipts and expenditures of the various departments.