(1) The Board shall prepare before the 1st day of December of each financial year, a budget in respect of the financial year next ensuing showing the estimated receipts and expenditure and the programme of work under the Act, in Form I hereto and submit copies thereof to the Government.
(2) The annual financial statement and the supplementary financial statement, if any, including programme of work shall be approved by the Board. The annual financial statement shall be accompanied by a statement of honoraria and salaries and allowances of the members, officers and employees of the Board.
(3) The Board shall also forward to the Government with its programme of work, a note giving history and description of each scheme including inter-alia the progress made, expenditure incurred and receipt accrued in the previous years in respect of continuing schemes. The note shall particularly bring out the financial implications of each scheme or programme.