Table of Contents
- Chapter 12
- Financial Procedure
Introductory
The financial procedure
The respective roles of the government and the legislature under the Basic Law
The budget
Appropriations and supplementary appropriations
Revenue proposals
Charges upon public revenue or upon public funds
Control of finances
Controlling Officers
General Revenue Account
Funds
Fiscal reserves
The Budget Cycle and related financial procedures
Resource Allocation Exercise
Consultation on the budget
Introduction of the Appropriation Bill to the Legislative Council
Contents of an Appropriation Bill
Approval for presentation to the Legislative Council
Historical background on the tabling of the Estimates of Expenditure
Schedule of Budget meetings
Examination of the Estimates by the Finance Committee
Written questions prior to special meetings
Schedule of special meetings
Debate on the second reading of the Appropriation Bill
Procedure in the committee of the whole Council
Amendment to heads of expenditure in the Estimates
Contents of debates at Committee Stage
Third reading of the Appropriation Bill
Procedure relating to refusal to pass the budget
Vote on Account Resolution
Procedure relating to changes to the approved estimates
Role of the Finance Committee
Finance Committee Agenda Items
Motions to impose conditions, exceptions or limitations
Role of subcommittees of the Finance Committee
Establishment Subcommittee
Public Works Subcommittee
Capital Works Reserve Fund
Capital Works Programme
Public Works Programme
Block allocations
Consultation on public works projects
Procedure for the re-submission of a rejected financial proposal
Role of the Public Accounts Committee over the control of public funds
Annual accounts of the Government
Serious irregularities
Value-for-money audits
Procedures of the Public Accounts Committee
Pre-hearing arrangements
Hearings
The Committee's report
Government Minutes
Progress reports on subjects not selected for detailed examination
Relationship between the Public Accounts Committee and the Director of Audit