(1) The Board shall prepare its Statement of Income and Expenditure immediately after the closure of the Financial Year.
Such Statement of Income and Expenditure shall be in Form A.
(2) The Board shall also prepare its provisional budget in Form B.
(3) The Board shall prepare its Balance Sheet showing its assets and liabilities at the end of the Financial Year. Such Balance Sheet shall be in Form C.
7. Budget —The Board shall prepare its budget showing the estimated receipts and expenditure for the next financial year. The Budget shall be in Form D and shall be prepared on or before 30" September every year. The Budget so prepared shall be submitted to the State Government.
before 31* October, every year.