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Chapter: | 1140
 | Title: | SIR EDWARD YOUDE MEMORIAL FUND ORDINANCE | Gazette Number: | 18 of 1999 |
| Section: | 14 | Heading: | Accounts | Version Date: | 01/07/1997 |
Amendments retroactively made - see 18 of 1999 s. 3
(1) The Board of Trustees shall keep such accounts and records of the transactions of the Fund as the Director of Accounting Services may require and shall prepare for each financial year a statement of the accounts of the Fund. (Amended 30 of 1997 s. 6)
(1A) The statement shall include -
- (a) an income and expenditure account for the relevant financial year;
(b) a balance sheet made up to the last day of that year; and
(c) particulars of any income received and any expenditure incurred by the Council in that year in the exercise of its function under section 9A(b). (Added 30 of 1997 s. 6)
(2) The signed statement of the accounts of the Fund shall be submitted by the Chairman of the Board of Trustees to the auditor appointed under subsection (3) within a period of 6 months from the end of the financial year to which it relates or within such greater period as the Chief Executive may allow.
(3) The accounts of the Fund and the signed statement of the accounts shall be audited by an auditor appointed by the Chief Executive, who shall certify such statement subject to any report he may think fit to make.
(4) There shall be laid on the table of the Legislative Council on or before 31 December next following the end of each financial year or so soon thereafter as the Chief Executive may allow-
- (a) a copy of the signed and audited statement of accounts together with the auditor's report, if any;
(b) a report of the Board of Trustees on the administration of the Fund during that financial year; and
(c) such other report, if any, as the Chief Executive may see fit to make thereon.
(Enacted 1987. Amended 18 of 1999 s. 3)