Local Government Act 1976 · Updated to 1 Dec 2012 · Part VI · Accounts and Audit
54. Financial year
Feedback & supportFor the purposes of this Act the financial year shall be the twelve months ending on and including the thirty-first day of
December of each year.
The accounts of the local authority shall, as soon as may be, be balanced for the preceding financial year and an annual statement of account of the Local Authority Fund shall be prepared.
Copies of such annual statement signed by the Commissioner of the City of Kuala Lumpur, Mayor or President, as the case may be, shall be laid before the local authority not later than its first ordinary meeting in the month of May following or at any time thereafter as allowed by the local authority.
Mayor
“Mayor” means the person for the time being lawfully performing the duties of the office of Mayor of a City Council and includes the Deputy Mayor;
44 Laws of Malaysia ACT 171
Such annual statement shall be prepared in such form and shall contain such information as may be required by the State Authority.