(1) The Budget of the Board for the next Finaficial year together with the revised budget estimate for the current financial year shall be prepared by the 1st November each year.
(2) The accounts of the Board shall be maintained in accordance with the general principles of classification, as applicable to Government transactions.
The expenditure on the project, however, shall be classified on the pattern of model classifications prescribed for Major Projects, with modifications, if any as approved by the Central Water Commission.
(3) The Budget shall be compiled keeping in view the procedures laid down in Chapter-V of Central Public Works Accounts Code and proforma laid down in Appendix- V of Central Public Works Accounts Code.
The forms for compilation of accounts by the Divisions and by the office of the Financial Adviser shall be prepared by the Financial Adviser and approved by the Executive Committee in consultation with Comptroller and Auditor General of India.
( 4) The demand for grant of works on project shall be abstracted according to Sub- Minor Heads of Accounts viz, A--Preliminary, B-Land, C-Works, suspense, other charges etc. which shall be treated as primary units of appropriation. The detailed heads of accounts shall be the secondary units of appropriation.
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