1. The Board, after preparing the following proformas shall send to the State Government for approval before the 1st December every year, namely:- a) In Form No.1, Budget for the upcoming financial year;
b) In Form No.2, annual plan;
c) A Schedule of the staff including the officers who are already working and the details of the posts to be filled up during the next year shall be sent in Form No.3;
2. The annual plan, inter alia, shall include;
a) a coherent intuitional and financial descriptions of schemes and projects proposed by the Board for allocating amount either partially or fully during the next financial year;
b) and other descriptions as may be required by the State Government.
3. The budget, inter alia, shall include;
a) estimates of receipts including the grant received from the Government, the loans borrowed from different sources and the other income by excluding revenue account and capital account for the forthcoming financial year.
b) The estimated expenditures on schemes and projects which are under execution or have been intended to be executed; expenditure on committee if any, other salaries and allowances of staff and officers, contingencies, stocks;
5 expenditure on equipments and machines including motor vehicles excluding the revenue account and capital account for the forthcoming year.
c) other descriptions which may be required by the State Government.
4. The State Government may, along with the modifications as it may think fit, sanction annual budget and list of staff sent to it.