Uniform system of accounting for municipal revenues and expenditures. Municipality to file financial data.

(b) Not later than June 30, 2015, each municipality shall implement the uniform system of accounting for municipal revenues and expenditures developed pursuant to subsection (a) of this section by using such uniform system to complete and file annual reports with the Office of Policy and Management as may be required by the secretary in order to increase transparency regarding municipal expenditures and to meet the state's benchmarking goals. Any annual report required pursuant to this subsection shall be filed not later than January thirty-first annually. (c) Not later than January 31, 2023, and annually thereafter, each municipality shall file financial data with the Office of Policy and Management. Such data shall (1) be filed electronically, in a form and manner prescribed by the Secretary of the Office of Policy and Management, and (2) contain such municipality's audited financial statements and any other information required by said secretary to determine the financial condition of such municipality.