National Council on Gender-Based Violence and Femicide Act, 2024 (Act No. 9 of 2024)19. Financial management |
| (1) | The Chief Executive Officer must— |
| (a) | maintain full and proper books of account and all the necessary records in relation thereto to be kept; and |
| (b) | ensure that the Council’s annual budgets, annual reports and audited financial statements are prepared and submitted in accordance with the Public Finance Management Act. |
| (2) | In a financial year, the Chief Executive Officer must submit to the Board for approval adjusted or supplementary statements of the estimated income and expenditure of the Council for that financial year. |
| (3) | The Board must not enter into any financial commitment beyond— |
| (a) | its approved budget; |
| (c) | its accumulated reserves. |
| (4) | The Chief Executive Officer may, in accordance with the Public Finance Management Act and with the approval of the Board, invest any unexpended portion of its funds with the Corporation for Public Deposits, established in terms of section 2 of the Corporation for Public Deposits Act, 1984 (Act No. 46 of 1984), or another institution approved by the National Treasury. |