Accounts of the Council

(1) The Council shall cause proper accounts to be kept of its financial transactions. Such accounts shall be made up in respect of each financial year and audited by the Auditor General or an Auditor approved by the Auditor General. The statement of accounts, together with a balance sheet and statement of revenue and expenditure of the Council, when so audited, shall be submitted to the Minister with the Auditor’s report. (2) Every report furnished under subsection (1) of this section, shall be laid before the National Assembly.