S.L. 363.1 Art. 16Preparation of annual administrative report.

(1) At the end of each financial year a detailed annual administrative report shall be prepared by the Secretary. Such report shall -

(a) account to the Council for the Council’s finances during the previous year;

(b) review the operating and financial results achieved against the Council’s stated objectives, plans and budget; and

(c) include a statement of the Council’s income and expenditure for the year that ended and the Council’s retained funds as at the year end.

(2) The detailed annual administrative report shall be prepared in the form specified in the financial procedures.