Chapter IV FINANCE, ACCOUNTS, AUDIT AND RETURN

The State Government may, after due appropriation made by the Legislative Assembly and Legislative Council by law in this behalf, pay to the Council in each financial year such sums as it may consider necessary for the performance of functions of the Council under this Act.

(1) The Council shall have its own fund and all sums which may from time to time be paid to it by the State Government and all the receipts of the Council (including registration fees for inspection of institutions, and any sums received from any authority or person) shall be credited to the fund and all payments by the Council shall be made there from. (2)The surplus money, if any, of the fund shall be invested in the manner as may be prescribed and the money required for the administration of the Council shall be deposited in the nationalized banks. (3)The Council may spend such sums as it thinks fit for performing its functions under this Act, and such shall be treated as expenditure payable under this Act.

credited to the fund and all payments by the Council shall be made there from. (2)The surplus money, if any, of the fund shall be invested in the manner as may be prescribed and the money required for the administration of the Council shall be deposited in the nationalized banks. (3)The Council may spend such sums as it thinks fit for performing its functions under this Act, and such shall be treated as expenditure payable under this Act.

The Council shall prepare, in such form and at such time each year as may be prescribed, a budget in respect of the next financial year showing the estimated receipts and expenditure and copy thereof shall be forwarded to the State Government.

showing the estimated receipts and expenditure and copy thereof shall be forwarded to the State Government.

The Council shall prepare once in every year, in such form and at such time as may be prescribed an annual report giving a true and full account of its activities during the previous year, and copy thereof shall be forwarded to the State Government.

books of accounts and other books in relation to its accounts in such form and in such manner as may be prescribed.

1. (2) The accounts of the Council shall be audited by the Director of

State Audit as per the provisions of the Andhra Pradesh Audit Act, 1989

(A.P.Act No.9 of 1989).

1. (3) The accounts of the Council as certified by the Auditor with the audit report shall be forwarded annually to the State Government and State

Information to be furnished - The Council shall furnish reports, copies of its minutes, abstracts of its accounts and other information to the State Government as may be prescribed.