For the purpose of giving a correct and connected statement of the condition of the finances of the state, the state treasurer shall, as soon as his accounts are audited by the committee appointed for that purpose, submit annually to the legislature a balance sheet exhibiting:

a. The general items of expenditures;

b. The amount of receipts and from what sources they have been received;

c. The indebtedness of the state, if any, and how and where, and the interest paid for moneys borrowed;

d. The amount of bank tax; and

e. The sum applicable to public schools, and how disposed of.

Such balance sheet shall be countersigned by the auditing committee.