Section 13: Annual estimates and accounts.

(1) The Board shall cause to be prepared not later than six months to the end of each financial year an estimate of the expenditure and income of the Council during the next financial year based on guidelines approved by the Board in line with extant financial regulations.
(2) The Board shall cause to be kept, proper accounts of the Council and proper records in relation thereto and when certified by the Board, such accounts shall be audited as provided in section 15 of this Act.