Victorian Consolidated Legislation

Libraries Act 1988 - SECT 47

Accounts and audit

47. Accounts and audit



(1) The committee of management of every free library, reading room,
mechanics' institute or trades' hall must ensure that there are kept proper
accounts and records of the transactions and affairs of the committee under
this Act.

(2) Before 30 September in each year, the committee must, in respect of the
financial year ended on 30 June in that year, prepare an annual report
containing-

   (a)  a report of its operations during the financial year; and

   (b)  financial statements for the financial year.

(3) The financial statements referred to in subsection (2)(b) must be audited
by an auditor and must be certified by the auditor and the treasurer of the
free library, reading room, mechanics' institute or trades' hall.