Town Councils Act 1988 s 50

s 50 Annual accounts

50.—(1) A Town Council must, within 3 months after the close of each financial year, prepare and submit financial statements in such form as the Auditor-General may direct in respect of that year to the auditor. (2) The financial year of a Town Council begins on 1 April of each year and ends on 31 March of the succeeding year. (3) The first financial year of a Town Council begins on the date of its establishment and ends on 31 March of the succeeding year.[36

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