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17. A statement of accounts of a Passenger Transport Executive must be prepared as if the proper practices in relation to accounts applicable to a local authority were, so far as appropriate, applicable to an Executive.
18. An internal drainage board must charge to a revenue account an amount equal to the payments and contributions statutorily payable for that year under an arrangement accounted for as a defined benefit pension plan or as other long-term employee benefits (as defined in accordance with proper practices in relation to accounts).
19. The summary statement of accounts which the Greater London Authority (“ the Authority”) is required to prepare by section 134 (summary of statement of accounts of Authority) of the Greater London Authority Act 1999(1) must be prepared in accordance with proper practices in relation to accounts and must include—
(a)a summary of the income and expenditure of the Authority;
(b)a summary of the income and expenditure of each of the functional bodies and the London Pensions Fund Authority;
(c)a summary of the capital expenditure of the Authority;
(d)a summary of the capital expenditure of each of the functional bodies and the London Pensions Fund Authority.
20. (1) Any joint committee, joint board, combined authority or National Park authority to which these regulations apply must deposit with each constituent authority—
(a)where the committee, board or authority is a smaller relevant body, within the period of fourteen days specified by regulation 16, a copy of the auditor’s report and accounting statements, and
(b)where the committee, board or authority is a larger relevant body, on giving notice under regulation 11, a copy of the auditor’s report and statement of accounts.
(2) In this regulation, “constituent authority” means any county, district, London borough or parish council for the time being entitled to appoint members of the committee, board or authority in question; and in relation to a National Park authority includes—
(a)the Secretary of State; and
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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