The Zila Parishad shall conduct the half yearly review of income and expenditure of all the Panchayat Samitis with in its jurisdiction in respect oflhe functions entrusted to them and shall send a copy · of its review along with the copy of the.consolidated statement o~ figures of income and expenditure of all the Panchayat Samitis in its jurisdiction showing the income realizea and expenditure incurred during this period,, progressive expenditure to the end ofprevi.ous period and the expenditure incurred to the end of the half yearly period under review for the consideration of the Government.
27. Annual account o!Paochayat Samiti- (l!At the ~nd of each year the Panchayat Samitis shall prepare its annual account in Form FBA-9 showing its income and expenditure unc,ler each of the budget heads and send it to the Zila Parishad by the following 15th May for tran~mission to the Government with its observations, if any.
(2) An advance copy of the annual account shall also be supplied by the Panchayat Samiti to the Government.
(3) The annual account of the Panchayat Samiti shall be supported by the following statements:-- ( a) Statement showing the receipt and disbursement of loan in Fonn FBA- IQ;
(b) statement showing the loan received from the Government and amount of installments that fell due for repayment to the Government, amounts actually repaid, the balance still due from Pancbayat Samiti and reasons ti\ ere for in F onn FBA -11;
"(c) a list of works in Form FBA - 12 showing the works required to-be undertaken during the year, actually undertaken, funds involved and the amount actually spent there against and reasons for not having executed the entire works.
(ii) a Statement in Form FBA-13 irtdicatingthe assets and liabilities of the Panchayat Samiti.
(e) a statement in Fonn FBA- 14 showing the reasons for saving undet" each Head of Account wherein the Panchayllt Samiti received t!ie Grants-in aid ti-om the Government for the execution of vari()US schemes PUNJAB GOVT. GAZ. (EXTRA), JANUARY 9. 20 14 67 (PAUSA 19, 1935 SAKA) tra11>krrcd 10 ii under section 120. The £xecu1ive Oniccr shall also rec.>nJ u cert1ticulc ofu1ili1ation clearly stating that:--
(i) the grant 111 full Cll 111 rart has heen utiliz~ on the object for wtuch it was granted.
(ii) the accounts there for ha,·e properly been maintained. and
(iii) the vouchers arc under his custody and if not, arranscmcnts cm1ld be 11111dc 10 produce a' and \\hen required for audit by the audit authority or authuritks ufthc /.ila Pnrishad or Officers of the Government.
28 . Annual Account of7.il a Parishad.-The 7.ila Parishad shall 11rcpare its Se<tion 193 annual account in th e manner as laid down in rn le 27 so far as it is applicable 10 Zi la Parishad and >cml it w the Government by the following 15th May.
CHAPTER 4 FUND, ITS APPLICATION AND INVESTMENT