Amendment status not verified — confirm the current text below against the official source.
Financial Statement. - (1) The Chief Municipal Officer shall, within four months of the close of a year, cause to be prepared a financial statement containing an income and expenditure account and a receipt and payment account for the preceding year in respect of the accounts of the Municipality. (2) The Form of the financial statement and the manner in which the financial statement shall be prepared, shall be such as may be prescribed.