Legislative Council Annual Report 2016-2017

Finance Committee The Finance Committee is one of the three standing committees of the Council. It scrutinizes and approves public expenditure proposals submitted by the Financial Secretary ("FS"). Each year, upon FS's presentation of the Appropriation Bill to the Council, the President refers the Estimates of Expenditure to the Committee for examination and the Committee holds a series of special meetings for this purpose. After the Appropriation Bill has been passed, the Committee carries out the function of approving proposals to change the approved Estimates. Besides, the Committee also approves proposals from FS to expend money from certain Funds 1 established under section 29 of the Public Finance Ordinance (Cap. 2) pursuant to the Resolutions on the Funds. Chairman Hon CHAN Kin-por Deputy Chairman Hon Michael TIEN Puk-sun No. of members 63 (all the Members other than the President) No. of meetings held • 64 meetings for scrutinizing financial proposals • 1 meeting for receiving FS's briefing on the Budget • 9 special meetings for examining the Estimates of Expenditure • 1 meeting for dealing with other in-house business Subcommittees under the Committee  PublicWorks Subcommittee and Establishment Subcommittee Hon CHAN Kin-por, Chairman of the Finance Committee. Hon Michael TIEN Puk-sun, Deputy Chairman of the Finance Committee. 1 These Funds include: Capital Works Reserve Fund, Capital Investment Fund, Loan Fund, Disaster Relief Fund, and Innovation and Technology Fund. Legislative Council Annual Report 2016-2017 37