Amendment status not verified — confirm the current text below against the official source.
Substituted by Act No.22 of 2011. Keeping of Accounts. Preparation of Annual Administration Report and Statement of Accounts. 170 [Act No. II of 1956] previous financial year, together with a statement showing the 234[amounts of income and expenditure, assets and liabilities, and receipts and payments of the] Municipal Fund during the said year and the balance at the credit of the Fund at the close of the said year and shall submit the same to the Standing Committee. (2) The Commissioner shall incorporate with the said report and statement— (a) report for the same period from each head of a department subordinate to him; (b) the account of balances due on loans then last published under section 167. (3) After examination and review of the report and statement by the Standing Committee a printed copy of such report and statement together with a copy of the Committee‘s review shall be forwarded to the usual or last known local place of abode of each #[Member] by such date as the Standing Committee may from time to time, specify and copies thereof, shall be placed for sale at the Chief Municipal office at such price as the Commissioner may fix. 235[(4) The report and the statement, after examination by the Standing Committee shall also be laid before the Corporation for its approval.]