Section 24

 

(1) Within a period of four months after 30th October in each year, or such longer period thereafter as Parliament may by resolution, appoint-

(a) the Treasury shall cause to be transmitted to the Auditor General accounts showing fully the financial position of Trinidad and Tobago on the said 31st December, which shall include-

i.        the Exchequer Account;
ii.       the statement of public debt;
iii.      the statement of loans from revenue;
iv.      the statement of revenue showing the sums estimated to be received into the Exchequer Account and the sums actually so received in the period of account;
v.       the statement of expenditure, showing the sums to be issued out of the Exchequer Account and the sums actually so issued in the period of account;
vi.      the statement of the loans or credits guaranteed by the state;
vii.     the statement of assets and liabilities;
viii.    such other statements as Parliament may from time to time require;

(b) accounting officers shall prepare and transmit to the Auditor General appropriation accounts of the moneys expended under the votes for which they were responsible, showing the services for which the money was voted, the sums actually expended on each such service during the period of account, and the state of each vote compared with appropriation. Each such appropriation account shall contain an explanatory statement for any variation between the expenditure and the sum voted, and shall contain such other information and shall be in such form as the Treasury may direct and such statement as well as the appropriation account shall be signed by the accounting officer;

(c) receivers of revenue shall prepare and transmit to the Auditor General statements of their receipts and disbursements in such form as the Treasury may direct.

(2) Within a period of four months after the close of such period of account as many be prescribed in any law relating thereto or, in the absence of such law, such period of account as the Treasury may prescribe-

(a) any officer administering a fund established under the provision of section 43 shall, in respect of the fund, prepare, sign and transmit to the Auditor General an account relating to the period of account in such form as the Treasury may from time to time direct;

(b) any officer administering any trust or other fund or account not provided for in this section shall, if so directed by the Treasury, prepare, sign and transmit to the Auditor General an account in such form as the Treasury may from time to time direct.