Singapore legislation
Clause 34
Clause 34
Accounts
A Town Council shall —
(a)
keep proper accounts and records of its transactions and affairs;
(b)
keep proper and separate accounts for the funds established under section 33(1) and (4); and
(c)
do all things necessary to ensure that all payments out of its moneys are correctly made and properly authorised and that adequate control is maintained over the assets of, or in custody of, the Town Council and over the expenditure incurred by the Town Council.