Section 53
SEC. 53. Disbursement of local funds and statement of accounts.—Disbursements shall be made in accordance with the appropriations provided by the local legislative body without the necessity of further approval by said body. Within forty days after the close of each month, the local treasurer shall furnish the local legislative body with such financial statements as may be prescribed by the Commission on Audit. In case of the-year-end statement of accounts, the period shall be sixty days.