Local Government Act, 2001
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Consideration of annual financial statement. |
108.—(1) In this section, additional expenditure has the meaning given to it by section 104 (1). | |
(2) Every local authority or joint body shall prepare an annual financial statement in accordance with the accounting code of practice issued by the Minister under section 107 . | ||
(3) As soon as practicable after the preparation of an annual financial statement, such statement, with a report on it by the manager, shall be sent to each member of the local authority or joint body, as the case may be. | ||
(4) Without prejudice to the generality of subsection (3), a report under that subsection shall include details of additional expenditure incurred in the period to which the annual financial statement relates and of authorisations given under section 104 . | ||
(5) The annual financial statement shall be considered at the next practicable meeting of the local authority or joint body concerned which is held not less than 7 days after the annual financial statement was sent under subsection (3). | ||
(6) As soon as may be practicable after having been sent under subsection (3), the annual financial statement shall be transmitted to the Minister and the Director of Audit. |