TNAG-2101-FCO40-2990-HM-Overseas-Civil-Service-(HMOCS)-policy-matters-1990 — Page 23

!

CAP. 1130Į

Vocational Training Council

[1982 Ed.

Supplementary

estimates.

Investment of funds.

Accounts.

Audit.

Statements and reports to be sent to Governor and laid on table of Legislative Council.

15. During any financial year the Council may, for the purpose of implementing its programme of proposed activities submitted and approved under section 14(1), submit supplementary estimates to the Governor for his approval.

16. All funds of the Council not immediately required shall be invested in such investments as may be approved by the Financial Secretary.

17. (1) The Council shall keep proper accounts and records of all receipts and payments.

(2) The Director of Accounting Services may give to the Council such directions as he thinks fit with respect to the keeping of accounts and records referred to in subsection (1) and the Council shall comply with any such direction.

(3) After the end of each financial year the Council shall cause to be prepared a statement of receipts and payments of the Council during that financial year and a statement of the assets and liabilities of the Council on the last day thereof, which statements shall be signed by the Chairman.

18. (1) The Director of Audit shall be entitled at any time to have access to all books of account, vouchers and other financial records of the Council and to require such information and explan- ations thereon as he thinks fit.

(2) The Council shall, within the period of 4 months, or such longer period as the Governor may determine, after the close of each financial year, send to the Director of Audit the statements prepared under section 17(3).

(3) The Director of Audit shall---

(a) audit the accounts of the Council and the statements

received by him under subsection (2);

(b) subject to such report, if any, as he thinks fit, certify the

statements; and

(c) send to the Council the certified statements together with

his report, if any.

19. (1) The Council shall, within the period of 7 months, or such longer period as the Governor may determine, after the close of each financial year, submit to the Governor a report of its activities during that financial year together with the statements and any report sent to it by the Director of Audit under section 18(3).

(2) The Governor shall cause the reports and statements received by him under subsection (1) to be laid on the table of the Legislative Council.