C1C2PART VFINANCIAL PROVISIONS

Annotations:
Modifications etc. (not altering text)
C1

Pt. V (ss. 53 - 89A) applied (with modifications) by S.R 2004/49, art. 3 (as substituted (28.1.2008) by Local Government (Constituting a Joint Committee a Body Corporate) (Amendment) Order (Northern Ireland) 2007 (S.R. 2007/505), art. 2(3))

Annual budget and financial arrangements

53Annual budget.

1

In each financial year a council shall cause to be submitted to it estimates of the income and expenditure of the council during the next-following financial year.

2

A council, before the prescribed date in each year,—

a

shall consider the estimates for the next-following financial year;

b

may revise the estimates in such manner as the council thinks fit;

c

shall approve the estimates, subject to any revision under paragraph ( b);

d

shall authorise the expenditure included in the estimates; and

e

shall fix for the next-following financial year the amount estimated to be required to be raised by means of a rate made by the council.

3

No expenditure shall be incurred by or on behalf of a council unless—

a

previously authorised in accordance with the estimates approved by the council; or

b

otherwise previously authorised by the council; or

c

if not so authorised, necessarily incurred in circumstances of emergency;

but any expenditure under paragraph ( c) shall, as soon as reasonably practicable, be reported to the council with a view to being approved by the council.

4

A council may make standing orders for the purpose of giving effect to this section so long as such orders are not inconsistent with any statutory provision.