Chapter V FINANCE, ACCOUNTS, AUDIT AND DEBTS

The Government may, for carrying out the purposes of this Act, transfer buildings, land or any other property, whether movable or immovable, to the Board on such terms and conditions as the Government may deem fit.

(1) The Board shall have its own fund, and all receipts of the Board shall be credited thereto, and all expenditure by the Board shall be met therefrom. (2) The Board may accept assistance or loans from the Toddy Workers Welfare Fund Board. (3) All funds of the Board shall be deposited as directed by the Government by general or special orders. (4) The amount levied as additional annual rental from the licensees of the toddy shop and in the case of toddy shops run by the workers committee additional annual rental levied under the Kerala Abkari Shops Disposal Rules, 2002 shall be credited to the fund after due appropriation made by law by the State Legislature. (5) The additional permit fee of rupee one levied under the Tree Tax Rules, 1959 shall be credited to the fund after due appropriation by the State Legislature.

All property, fund and other assets of the Board shall be utilized for the purpose of the Act and subject to the provisions of this Act.

(1) The Government may, from time to time, make subventions and grants to the Board, for the purposes of this Act on such terms and conditions as the Government may determine. (2) The Board may, from time to time, with the previous sanction of the Government and subject to the provisions of this Act and on such conditions as the Government may determine, borrow any sum required for the purposes of this Act.

(1) The Board shall, on or before such date as may be fixed by the Government, prepare the budget for the next financial year showing an estimated income and expenditure of the Board, in such form as the Government may specify and submit it to the Government. (2) The Government may, sanction the budget with or without modifications. (3) No sum shall be expended by or on behalf of the Board, unless such expenditure is included by specific provision in the budget approved by the Government under sub-section (1): Provided that the Board may, with the previous sanction of the Government and within the limits of the budget, sanction re-appropriation, from one head of expenditure to another, or from a provision made for one scheme to that in respect of another, subject to the condition that it shall not exceed the budget allocation.

The Board may, submit a supplementary budget for the sanction of the Government, in such form and before such date, as may be prescribed, and the provisions of section 23 shall apply to such supplementary budget.

The accounts of the Board shall be maintained and an annual statement of accounts shall be prepared, in such manner, as may be prescribed. Such accounts shall be audited by an auditor approved by the Government.

The Board shall for every financial year prepare, in such manner, as may be prescribed, an annual report within three months from the end of the financial year giving a complete account of the previous financial year and forward it to the Government. Every such report together with the audit statement of accounts shall cause to be laid before the Legislative Assembly, as soon as may be, after it is received by the Government.

The Board shall before such date and at such intervals and in such manner as the Government may from, time to time, direct, submit to the Government a report of such matters and such statistics and such returns as the Government may direct.

If any amount due to the Board, in accordance with the provisions of this Act or rules made thereunder or the provisions of a contract or otherwise or any sum payable in connection therewith, has not been paid, such amount shall, without prejudice to any other remedy provided by law, be recoverable as arrears of land revenue under the Kerala Revenue Recovery Act, 1968 (15 of 1968).

The Board may, write off any sum not exceeding ten thousand rupees in each case, subject to a limit of fifty thousand rupees annually, if in its opinion such sum is not recoverable.