Accounts of the income and expenditure of every panchayat shall be kept in such

form and manner as may be prescribed and shall be balanced annualy on the 1st day of every year. 142. (1) The Secretary of every panchayat shall prepare the annual report of the administration of the panchayat and shall place the accounts and the report for approval before the panchayat. Annual Budget estimates. Revised or supplementary budget and re-appropriation of fund. Except in emergency no sum to be expended unless it has been included in budget. Accounts of income and expenditure. Annual Administration report.

56 Gujarat Panchayats Act, 1993. [1993 : Guj. 18

1. (2) The annual statement of the accounts together with the annual report shall be sent to the competent authority through the district panchayat on or before such date and in such form as may be prescribed.
   • (F) Audit of the accounts of panchayats 143. 1[(l)] The Gujarat Local Fund Audit Act, 1963 shall apply to the auditing of the accounts of taluka panchayats.

supervision over the audit of the taluka panchayat.

1. (3) The State Government shall cause the audit report under the Gujarat Local Fund Audit Act, 1963 referred to in sub-section (1) alongwith the rport of the Comptroller and Auditor General of India on technical guidance and supervisions as referred to in sub section (2), to be laid before the State Legislature.]