The township controller may not permit an appropriation made by the board of commissioners to be overdrawn. If an appropriation has been completely expended and the objective of the appropriation has not been completed, the township controller shall have all of the following duties:
(1) The township controller shall immediately issue a report to the board of commissioners on the appropriation.
(2) The township controller shall include with the report issued under paragraph (1) a statement of the money which has been drawn on the appropriation and the particular objective for which the money was drawn.