|
|
Financial statements.
|
8.—(1) A local authority may by resolution require the preparation and submission to their members of statements of the financial position of the local authority.
|
|
| |
(2) The following provisions shall have effect in relation to financial statements required by resolution of a local authority under subsection (1) of this section:—
|
|
| |
(a) they shall be in such detail and shall be prepared and submitted at such intervals as may be specified in the resolution,
|
|
| |
(b) they shall be prepared and submitted—
|
|
| |
(i) in the case of a local authority having an estimates committee, by the committee with the assistance of the manager, and
|
|
| |
(ii) in any other case, by the manager.
|
