Hong Kong Ordinances

CUSTOMS AND EXCISE SERVICE CHILDREN'S EDUCATION TRUST FUND ORDINANCE - SECT 11

Accounts

(1) The trustee shall cause proper accounts and records to be kept of all
financial transactions of the fund and shall cause to be prepared, for each
financial year, a statement of the accounts of the fund.

(2) The statement of accounts shall include an income and expenditure account
for the financial year to which it relates and a balance sheet made up to the
last day of that financial year.

(3) The statement of accounts shall be signed by the trustee and the chairman
of the committee within 3 months after the end of the financial year to which
it relates.

(4) The accounts of the fund and the signed statement of accounts shall be
audited by the Director of Audit who shall certify the statement subject to
such report, if any, as he may think fit.

(5) The trustee shall within 3 months after his receipt of the audited
statement of accounts of a particular financial year from the Director of
Audit, or such longer period as the Financial Secretary may allow, cause to be
laid on the table of the Legislative Council, copies of the following
documents in respect of that financial year-

   (a)  the trustee's report on the administration of the fund;

   (b)  the audited statement of accounts;

   (c)  the Director of Audit's report, if any; and

   (d)  any other report as the trustee may think fit to lodge.

(6) In this section, "financial year" (財政年度) means-

   (a)  the period beginning with the commencement date and ending with 31
        March next following; and

   (b)  the period of 12 months ending 31 March in each subsequent year.

"financial year" (財政年度)