Section 102, The Public Financial Management Act, 2016

(2) A budget of a local council shall be accompanied by such information and documents as may be specified in regulations or instructions referred to in section 102. (3) By such date as specified by the Minister, a local council shall submit its draft budget to the Minister and the Minister responsible for local government who may make comments on the draft budget to be taken into account by the local council. 100. (1) In accordance with subsection (1) of section 67 of the Local Government Act, a local council shall approve its budget of a financial year no later than one month before the beginning of the financial year. (2) In accordance with paragraph (d) of subsections (2) and subsection (3) of section 67 and subsection (2) of 85 of the Local Government Act, 2004 – (a) a budget of a local council approved under subsection (1); (b) a development plan mentioned in subsection (1) of section 101; and (c) information and documents accompanying the budget referred to in subsection (2) of section 99, shall be submitted to the Local Government Finance Committee and published. (3) When a local council revises its approved budget, the revision shall be immediately submitted to the Local Government Finance Committee. 101. (1) A local council shall annually prepare and submit, together with its approved budget, to the Local Government Finance Committee a development plan referred to in subsection (1) of section 85 of the Local Government Act, 2004. General principles and rules. Approval of borrowing by local government. preparation. approval and submission. No. 13 Public Financial Management Act 2016 No. 13 Public Financial Management Act 201680 81 Regulation of budget preparation execution. (2) A development plan referred to subsection (1) shall include – (a) a list of all projects, including transformational development projects, if any, – (i) which are included in the approved budget of the local council; or (ii) which have been included in the preceding years’ budgets of the local council and are ongoing. (b) estimates of the year-by-year expenditures, both capital and recurrent, that are expected to be incurred in implementing each project included in the list under paragraph (a) over the entire period of implementation; and (c) any other matters as may be specified under subsection (3). Regulation of budget preparation and execution. (3) The Minister shall, in consultation with the Minister responsible for the local government, specify any matters in respect of preparation of a development plan under subsection (1). 102. The Minister may, in consultation with the Minister responsible for local government, by statutory instrument prescribe requirements in respect of budget preparation and execution by a local council.