The account of the City in each depositary shall be in the name of the “City of Everett”. Each depositary shall render a monthly statement of the credits and debits to the account of the City, and such monthly statement, together with the canceled vouchers, shall be delivered to the Clerk. The Clerk shall compare and reconcile all such statements of account with the records in the Clerk’s office and shall report to the Mayor that such statements are correct or otherwise, and when found correct the statement and vouchers shall be delivered by the Clerk to the City Treasurer.