Section 5: Financial provisions.

(1) The Council shall prepare and submit to the Minister, not later than September of each year, an estimate of its expenditure and income during the next succeeding year.
(2) The Council shall keep proper accounts in respect of each year, and proper records in relation to those accounts, and shall cause the accounts to be audited within six months after the end of the year to which the accounts relate by a firm of auditors to be appointed by the Council from the list and in accordance with the guidelines supplied by the Auditor-General for the Federation.