A176
Ord. No. 39/85
REGIONAL COUNCIL
REGIONAL COUNCIL
Ord. No. 39/85
A177
(Cap. 155.)
Accounts of the
(4) No delegation under subsection (1) or (2) shall authorize the exercise of any power-
(a) to approve the annual list of works or estimates of revenue or expenditure of
the Regional Council, or any revision thereof made under section 42;
(b) to incur expenditure in excess of that provided for in the estimates of
expenditure (whether as originally approved or as from time to time revised under section 42);
(c) to raise any loan under section 47(1);
(d) to authorize the annual report or statements of receipts and payments and
of assets and liabilities of the Regional Council;
(e) to make any by-law or regulation; or
to invest surplus funds of the Regional Council under section 48 other than on deposit in any bank licensed under the Banking Ordinance on fixed term or call deposit or in a current or savings account.
(5) Nothing in paragraph (a) or (b) of subsection (4) shall affect the authority of the Regional Council to delegate its powers in by-laws made in accordance with section 39.
PART VII
FINANCIAL PROVISIONS
39. (1) The accounts of the Regional Council shall be prepared in such form, Regional Council. and maintained in such manner as the Director of Accounting Services may direct.
(2) Subject to subsections (1) and (3), the Regional Council may make by-laws for the regulation and control of its finances, including provisions as to the following
(a) limitations on expenditure by any committee, sub-committee or person to whom the powers of the Regional Council to authorize expenditure may be delegated;
(b) the establishment of reserves for particular púrposes and the procedure to be adopted by the Regional Council in making transfers thereto or there- from; and
(c) the establishment of a tender board for the procurement of such goods and
services as may be determined by the Regional Council.
(3) By-laws made under subsection (2) may contain delegations of the powers mentioned in paragraphs (a) and (b) of section 38(4) but not in excess of a delegation to any member of the Regional Council or to any committee or to any member of any committee or to any sub-committee or to any member of any sub-committee or any public officer of the Regional Council's powers-
(a) to revise from time to time that part of the said estimates which relate to capital works by increasing or reducing the amount of the estimated total cost of any capital work or the amount of the expenditure thereon during the year to which the estimates relate;
(b) to revise any part of the said estimates of expenditure or list of works by authorizing expenditure in respect of any sub-head or item in excess of the amount provided therefor in the said estimates or list of works (whether originally or as a result of a revision thereof);
(c) to transfer amounts appearing in a head or sub-head of the said estimates (whether originally or as a result of a revision thereof) to another head or sub-head thereof,
but limited, where paragraph (a) applies, to an increase or reduction of the amount of the estimated total cost of any capital work by not more than 30 per cent of the
amount originally provided, and, where paragraph (b) applies, to excess expenditure of not more than $15,000 where the amount originally provided for a sub-head or item is less than $50,000 and of not more than 30 per cent of the amount originally provided for a sub-head or item in any other case.
, (4) Every delegation referred to in subsection (3) shall be made in terms which require the person, committee or sub-committee within the period specified in the by-laws to lay before the Regional Council particulars of the exercise of the delegated powers.
40. As soon as may be convenient after the end of each financial year the Annual accounts. Regional Council shall cause to be drawn up a statement of receipts and payments during such financial year and a statement of the assets and liabilities of the Regional Council on the last day thereof.
41. (1) Not later than 3 months before the end of each financial year the Estimates. Regional Council shall prepare and furnish to the Governor estimates of its revenue and expenditure for the next financial year together with a list of works which the Regional Council proposes to undertake during the next financial year.
(2) The estimates shall set out, under separate headings, the sources of revenue and the distribution of expenditure; and where several matters are dealt with under one heading each such matter shall be itemized and be shown in a separate sub-heading relating to similar items.
(3) The estimates may provide for-
(a) expenditure of such sums as may be necessary to defray the cost of official
ceremonies of the Regional Council;
(b) payment of allowances to members to meet expenses incurred in connexion
with the discharge of the office of a member of the Regional Council; and
(c) payment of a special allowance or honorarium to the Chairman and
Vice-Chairman.
(4) The list of works shall show in respect of each work-
(a) the estimated total cost thereof;
(b) the date on which such work is expected to be completed; and
(c) the amount to be expended thereon during the next financial year.
(5) The estimates of revenue and expenditure for, and the list of works which the Regional Council proposes to undertake during, the financial year ending on 31 March 1987 shall be furnished to the Governor as soon as practicable after the commencement of this Ordinance.
42. (1) The Regional Council may from time to time revise the estimates and Regional Council list of works furnished by it under section 41(1).
(2) The Regional Council shall, in respect of each period of 3 months commenc- ing on the 1st days of January, April, July and October in each year, prepare and furnish to the Governor details of any estimates or list of works revised under subsection (1) during that period; and in so doing shall comply with such of the requirements of subsections (2) and (4) of section 41 as are applicable.
(3) The details mentioned in subsection (2) shall be furnished to the Governor within a period of 2 months after the expiration of the quarter to which they relate or within such further period as the Governor may allow.
may revise
estimates and list of works.
43. (1) The Chairman shall within the period of 4 months, or such longer Audit. period as the Governor may determine, after the close of each financial year, transmit to the Director of Audit--
(a) the statement of the receipts and payments of the Regional Council for that
financial year;
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