C1C2PART VFINANCIAL PROVISIONS
Pt. V (ss. 53-89A) applied (with modifications) (20.8.2008) by Local Government (Constituting a Joint Committee a Body Corporate) Order (Northern Ireland) 2008 (S.R. 2008/310), art. 3(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.
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))