Legislative Council Annual Report 2018-2019

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 approves proposals from FS to expend money from certain Funds1 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 CHAN Chun-ying No. of members 68 (all the Members other than the President) No. of meetings held • 24 meetings for scrutinizing financial proposals • 11 meetings for other business, including: (a) FS's briefing on the Budget; (b) special meetings for examining the Estimates of Expenditure; and (c) meetings to deal with procedural matters. Subcommittees under the Committee  PublicWorks Subcommittee and Establishment Subcommittee Hon CHAN Kin-por, Chairman of the Finance Committee. Hon CHAN Chun-ying, 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 2018-2019 31