Singapore legislation

Regulation 6

of Town Councils Financial Rules

Regulation 6

Justification for annual estimates

Amended byS 186/2017 wef 01/05/2017

The annual estimates shall be accompanied by explanations in respect of —

(a)

each new sub-head proposed;

(b)

the appreciable differences under each sub-head of income or expenditure between the estimate or revised estimate of the preceding year as well as actual expenditure of previous financial years and the proposed provision; and

(c)

the relevant sinking fund to be expended, and —

(i)

the date on which any cyclical works, or any works related to the replacement of lifts (as the case may be) is expected to start and be completed; and

(ii)

the estimated total cost and amount to be expended on those works during the next financial year.