176.4. During each six-month-period, the secretary-treasurer shall file two comparative statements at a sitting of the council.
The first statement compares the revenues and expenditures of the current fiscal year, received or incurred on or before the last day of the month ending at least 15 days before the month in which the statement is filed, and those of the preceding fiscal year received or incurred during the corresponding period of that fiscal year.
The second statement compares the projected revenues and expenditures for the current fiscal year, as at the time the statement is prepared and based on the information at the secretary-treasurer’s disposal, and those provided for in the budget for that fiscal year.
The comparative statements for the first six-month period must be filed at a regular sitting held in May at the latest. The comparative statements for the second six-month period must be filed at the last regular sitting held at least four weeks before the sitting at which the budget for the following fiscal year is to be adopted.
1984, c. 38, s. 52; 1996, c. 2, s. 455; 2006, c. 31, s. 32.