13 Annual balance sheet etc.E+W+S
(1)Every local authority who in any financial year undertake construction or maintenance work, whether under works contracts or by way of functional work or both, and every development body who in any financial year undertake construction or maintenance work by way of functional work, shall prepare the documents mentioned in subsection (2) below not later than 30th September in the financial year following that year.
(2)The documents are—
(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1
(b)a revenue account;
(c)a statement of rate of return.
(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
(4)Subject to subsection (5) below, a revenue account must show a true and fair view of the financial result of the local authority or development body having undertaken, in the financial year to which it relates, each description of construction or maintenance work to which it relates.
(5)Where by virtue of section 11 above a revenue account relates to more than one description of construction or maintenance work, subsection (4) above shall have effrect as if it required the account to show a true and fair view of the combined financial result of the local authority or development body having undertaken, in the financial year to which the account relates, all the descriptions of construction or maintenance work to which it relates.
[F3(5A)A revenue account must be expressed in such form as the Secretary of State may specify in writing]
(6)A statement of rate of return must give such information as is necessary to show whether, in respect of the financial year to which it relates, the local authority or development body have complied with section 16(1) below.
Textual Amendments
F1S. 13(2)(a) repealed by Local Government Act 1988 (c. 9, SIF 81:1, 2), ss. 32, 41, Sch. 6 para. 5(2), Sch. 7 Pt. III (subject to the provision at the end of that Part)
F2S. 13(3) repealed by Local Government Act 1988 (c. 9, SIF 81:1, 2), ss. 32, 41, Sch. 6 para. 5(2), Sch. 7 Pt. III (subject to the provision at the end of that Part)