Cap. 601 Art. 36Preparation of annual financial accounts.

The Accountant General shall, as soon as possible after the close of the accounts of every financial year, and in any case not later than six (6) months after the close of such year, prepare and send to the Auditor General the following statements and accounts:

(a) an abstract of the receipts and payments of the Public Account as compared with the receipts and payments of the last preceding financial year;

(b) an abstract of the cash-based Consolidated Fund Account as compared with that of the last preceding financial year;

(c) a detailed cash-based revenue statement, as compared with the estimates, showing variations in respect of each item;

(d) a detailed cash-based expenditure statement showing the several sums appropriated under each head distributed according to subheads as detailed in the estimates, the expenditure made during the financial year, and the amount over-expended or under-expended thereon;

(e) a statement of the receipts and payments in respect of loans made by the Government;

(f) a statement of the public debt and the annual charge thereon showing also the amount repaid during the financial year;

(g) a statement of the receipts and expenditure of trust funds and of any other fund or account of the Government;

(h) a statement of all investments held by the Government at the end of the financial year on behalf of each fund or account at the closing market price published on the stock exchange on which the security is listed on the last trading date of the financial year or the middle market price of security published by a recognised market maker whichever is the latest. The value assigned to each security in the accounts shall be adjusted to correspond with that price;

(i) a statement of assets and liabilities of the Government at the end of the financial year;

(j) a statement of balances (excluding special funds) at the end of the financial year;

(k) a statement of special funds deposited in the Treasury;

(l) a detailed statement of advances made out of the Treasury Clearance Fund;

(m) a tabular summary of unallocated stores financed out of the Treasury Clearance Fund; and

(n) a statement of claims abandoned, of losses of cash and of stores written off.