Water Services Act, 1997 (Act No. 108 of 1997)

Chapter VII : Water Services Committees

57. Financial matters and accounts
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(1)The financial year of a water services committee is from 1 July to 30 June.

 

(2)The accounts of a water services committee must be audited by a chartered accountant appointed by the committee if the Minister so requires.

 

(3)Every water services committee must, within three months after the end of each financial year, issue financial statements and submit a copy thereof to the Minister.

 

(4)The accounting policy of a water services committee must be consistent with generally accepted accounting practices.