1964_UNIVERSITY_OF_HONG_KONG_ORDINANCE — Page 22

1989 Ed.]

University of Hong Kong

[CAP. 1053

21

STATUTE XXI

FINANCIAL PROCEDURE

1. The Council shall fix the financial year.

2. The Council shall appoint a Finance Committee, to which persons who are not members of the Council may be appointed, and all matters within the jurisdiction of the Council which have important financial implications shall stand referred to the Finance Committee.

3. The Finance Committee shall submit to the Council, before the beginning of the financial year, draft estimates of income and expenditure, and such estimates, amended as the Council may think fit, shall be approved by the Council before the beginning of the financial year.

4. The estimate shall show the income and expenditure of the University and the estimated surplus or deficit for the year. The estimated expenditure shall be shown under votes, heads, and (where applicable) sub-heads. The Council shall make regulations for the preparation of the estimates and for the control of expenditure within them. The Council may revise the estimates during the course of the financial year, and may make regulations for the amendment of the expenditure estimates. Such last mentioned regulations may make provision for delegating the said powers of revision so long as such delegation shall not extend to altering the total estimated expenditure. (L.N. 137 of 1967)

5. As soon as practicable after the end of the financial year, a Balance Sheet and Income and Expenditure Account with supporting schedules shall be submitted to the auditors.

6. The audited accounts, with any comments thereon made by the auditors, shall be submitted to the Council.

7. But nothing in this statute shall deprive the Council of power to invest surpluses or prospective surpluses at any time.

8. The current estimates, together with the latest audited account, shall be submitted to the Court at its annual meeting, in order that the observations of the Court may be transmitted to the Council.

1. STATUTE XXII

THE SENATE

The Senate shall consist of- (L.N. 144 of 1970)

(a) the Vice-Chancellor, who shall be chairman;

(b) the Dean of each Faculty;

(ba) the Sub-Dean of each Faculty; (L.N. 58 of 1976)

(bb) the Dean of each School; (L.N. 82 of 1979)

(c) the Professors;

(d) the Heads of Teaching Departments;

(e) the Director of Extra-mural Studies;

(f) the Director, Centre of Asian Studies;

(g) (Repealed L.N. 114 of 1989)

(ga) the Director of Computer Services; (L.N. 26 of 1982)

(h) the Director, Language Centre;

(i) the Director, Radioisotope Unit;

(ia) the Director of Postgraduate Medical Education; (L.N. 82 of 1979)

(ib) the Director, Centre of Urban Studies and Urban Planning; (L.N. 24 of 1984)

(j) the Librarian;

(k) the Dean of Students;