Regulation 5
Submission of annual estimates
of Town Councils Financial Rules
Subsidiary LegislationIn forceProvision 33 of 121
Regulation 5
Amended byS 186/2017 wef 01/05/2017S 186/2017 wef 01/05/2017S 186/2017 wef 01/05/2017
Each Head of Department shall furnish draft annual estimates to the secretary in accordance with the Budget Calendar as issued by the secretary from time to time in respect of the following:
(a)
the proposed establishment list for the following year which shall be examined by the Town Council; and
(b)
the expected and proposed income and expenditure under the heads enumerated hereunder by individual activity:
(i)
revenue income;
(ii)
other income;
(iii)
capital expenditure;
(iv)
revenue expenditure;
(v)
expenditure to be met from lift replacement funds;
(vi)
expenditure to be met from ordinary sinking funds; and
(vii)
expenditure to be met from revolving loan funds.