Section 232. Report of the comptroller on capital debt and obligations

Not later than the first day of December, the comptroller  shall  submit
  to  the  mayor,  the  council and the city planning commission a report,
  which shall be published forthwith in the City Record, setting forth the
  amount and nature of all  obligations  authorized  on  account  of  each
  pending  capital  project  and  the  liabilities  incurred for each such
  project outstanding on the first day  of  July  and  setting  forth  and
  commenting in detail upon the city's financial condition and advising as
  to  the  maximum  amount  and  nature  of debt and reserves which in the
  comptroller's opinion the city may soundly incur  for  capital  projects
  during  each  of  the  four succeeding fiscal years, and containing such
  other information relevant to this subject as may be required  by  local
  law,  by  the  mayor  by executive order, or which the comptroller deems
  necessary and relevant.