Borrowing by Municipalities

Power to direct a Municipality to advance loan to another Municipality Chapter-Ill Budget Estimate Preparation of budget estimate Sanction of budget estimate Power to alter budget grant 48-49 Chapter-IV Accounts and Audit Maintenance of Accounts Preparation of Municipal Accounts code Financial Statement Balance Sheet Submission of financial Statement and balance sheet to the Audit Authority Audit Authority Audit Report Placing of audited accounts before the Municipality Audited accounts to be submitted