SCHEDULE 6Procedure for determining the Authority’s consolidated budget requirement

Assembly consideration of Mayor’s draft budget

5(1)This paragraph applies where the Mayor presents a draft consolidated budget to the Assembly in accordance with paragraph 3 above.

(2)The draft consolidated budget must be considered at a public meeting of the Assembly.

(3)The Assembly must approve the draft consolidated budget, together with the draft component budgets comprised in it, with or without amendment.

(4)For the purposes of sub-paragraph (3) above, the only amendments which are to be made are those agreed to by the Assembly.

(5)If no amendments are made on consideration of the draft consolidated budget (whether to that budget or to any of the draft component budgets comprised in it) the draft consolidated budget shall be deemed to be approved without amendment.