Singapore legislation
Section 34
Section 34
Accounts
(1)
The Director of Finance, appointed under section 13, shall be responsible for the keeping of proper accounts and other records in respect of the operations of the Board, and shall cause to be prepared a statement of accounts in respect of each year.
(2)
The accounts of the Board shall be kept and made up to 31st December in each year.
(3)
Separate accounts shall be kept in respect of each of the water, gas and electricity undertakings of the Board showing —
its assets and its income and expenditure relating to the supply of electricity, gas and water; and
the transactions relating to any capital, depreciation, reserve or other fund which the Board may set up.
(4)
The Director of Finance shall do all things necessary to ensure that all payments out of the Board’s moneys are correctly made and properly authorised and that adequate control is maintained over the assets of, or in the custody of, the Board and over the expenditure incurred by the Board.