S.L. 363.1 Art. 17Approvalofannual administrative report.

(1) The Council shall discuss the annual administrative report and instruct the Secretary to make any changes it may deem necessary.

(2) It shall be the duty of the Council and the Secretary to ensure that the financial statements forming part of the report fairly present, in accordance with accounting policies applicable to Local Councils, the income and expenditure of the Council for the year that ended and its retained funds as at the year end, and that they comply with the Act, these regulations and the financial procedures.

(3) The Council shall approve the annual administrative report not later than four months after the end of its first financial year of office and subsequently by not later than the end of July of each year.