7Estimate of costs of Authority to be provided to Council

7 Estimate of costs of Authority to be provided to Council

The Authority must submit to the Council, by 31 March in each year –

(a) a proposed budget setting out the amount of money, for the next financial year, that the Authority believes it requires in order to ensure the Authority may satisfactorily perform its functions and exercise its powers; and

(b) a statement specifying the reasons why the amount is necessary and adequate to ensure the Authority may satisfactorily perform its functions and exercise its powers.