The commissioner shall, annually, on or before February 15, transmit to the governor a full report of the commissioner’s proceedings under this chapter, and such statistics as the commissioner may wish to include in the report, for the year previous. The commissioner shall also recommend any amendments to the law that, in the commissioner’s judgment, are deemed advisable. The report of the commissioner shall include a full and complete report of all collections made and all expenditures and for what purposes they were made and to whom paid.