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Accounts Of Water Authorities And Council

Volume 21: debated on Monday 5 April 1982

The text on this page has been created from Hansard archive content, it may contain typographical errors.

38.—(1) It shall be the duty of a water authority and of the Council—

  • (a) to keep proper accounts and proper records in relation to the accounts; and
  • (b) to prepare in respect of each accounting year a statement of accounts giving a true and fair view of the state of affairs and profit or loss of the body preparing the statement
  • (2) Every statement of accounts prepared by a body in accordance with this paragraph shall comply with any requirement which the Ministers have, with the consent of the Treasury, notified in writing to that body and which relates to any of the following matters, namely—

  • (a) the information to be contained in the statement;
  • (b) the manner in which that information is to be presented;
  • (c) the methods and principles according to which the statement is to be prepared.
  • (3) Subject to any requirement notified to it under subparagraph (2) above, in preparing any statement of accounts in accordance with this paragraph a body shall follow, with respect to each of the matters referred to in that sub-paragraph, such course as may be for the time being approved by the Ministers with the consent of the Treasury.

    (4) Without prejudice to the foregoing provisions of this paragraph, the Minister may direct a water authority to keep such accounts and records and to prepare such statements with regard to money expended in the performance of their land drainage functions as he may think fit.

    (5) In this paragraph "accounting year", in relation to a water authority or the Council, means subject to sub-paragraph (6) below, a period of twelve months ending on 31st March.

    (6) If the Ministers so direct in relation to any accounting year of a water authority or the Council, that accounting year shall end on such other date may be specified in the direction.