TNAG-0795-FCO40-999-Policy-of-Government-of-Hong-Kong-on-education-1978 — Page 28

Accounts not to

include provision for depreciation.

Supervisor to bo responsible for bank account.

School funds to be kept separato.

56.

(b)

18

All books of account, receipts, counterfoils and vouchers shall at all reasonable times be available for inspection by the rector or officer authorized by him in that behalf; and shall not be destroyed except with the permission of the Director in writing.

An cided secondary scho 1 shall not make any charge or provision in its accounts for depreciation. Expenditure in respect of a capital asset shall be

dobited to the relevant capital asset account and shall not be debited to an income and expensiture account.

57. (a) The supervisor of an aided secondary school shall keep bank accounts in the name of the

school, one of which accounts shall be kept solely in respect of moneys received from Government.

(6)

(0)

All disbursements shall, as far as possible, be made by cheque, which shall be signed by the supervisor and, where there are two or

moro registered managers, by one other

registered manager in addition to the supervisor.

The supervisor may keep a reasonable cash

balance to meet small payments.

balence should not exceed #1,500.

This cash

58.

Tuition or subscription fees or other sums received by a school from Government or other sources shall not, in any circumstances, be paid into a bank account kept in the name of the supervisor or other person or persons, whether or not such person or persons are members of the management committee or teaching staff, but shall be paid into the bank account maintained

in the name of the school.

Submission of accounts.

59. (a)

The lirector may require the supervisor of an aided secondary school to submit accounts. at such times and in such manner as he may

determine.

. i .....

59. (b)

19.