S.L. 363.1 Art. 11Budget process.

(1) The Secretary shall calculate the provision allocated by Government to the Council on the basis of the proportion of the annual financial allocation according to article 55 of the Act.

(2) The Secretary shall coordinate the preparation of the annual budget and shall -

(a) assist committees and employees in the preparation of their proposals;

(b) evaluate each individual account heading, and committee budget;

(c) ensure compatibility and consistency between account headings and committee budgets;

(d) consolidate all individual budgets into the Council’s annual budget.

(3) The Council’s annual budget shall consist of:

(a) an overview and summary of the budget;

(b) consolidated and detailed budget estimates for income and expenditure classified according to the system of accounts under the financial procedures;

(c) capital expenditure budget;

(d) cash budget; and

(e) budgeted indicators to measure performance of works and services.

(4) The budget estimates shall be accompanied by explanations respecting every item of an unusual nature therein comprised and of any significant difference under each item between the proposed expenditure or expected income and the approved budget estimates for the preceding year.

(5) The Secretary shall submit the annual budget to the Council for its approval within the time limit stipulated in article 56 of the Act.