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College Statutes - Downing College - University of Cambridge

College Statutes - Downing College - University of Cambridge

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STATUTE XLI<br />

Of the <strong>College</strong> Accounts and Audit<br />

1. The year <strong>of</strong> account shall be from the first <strong>of</strong> July in each year<br />

to the next succeeding thirtieth day <strong>of</strong> June (or on such<br />

conditions as the <strong>University</strong> may impose from some day<br />

between the thirtieth day <strong>of</strong> June and the thirty-first day <strong>of</strong><br />

December).<br />

2. The several accounts <strong>of</strong> the <strong>College</strong> shall be kept and inspected,<br />

abstracts made and statistics recorded, in such manner as may<br />

be prescribed from time to time by the <strong>Statutes</strong> <strong>of</strong> the <strong>University</strong><br />

or by other competent authority.<br />

3. The accounts shall be duly audited by a pr<strong>of</strong>essional<br />

Accountant who is not a member <strong>of</strong> the Governing Body and<br />

shall be sent annually on or before the thirty-first <strong>of</strong> December<br />

after the audit there<strong>of</strong> to the Vice-Chancellor <strong>of</strong> the <strong>University</strong><br />

for publication.<br />

4. The Governing Body shall consider the accounts for the<br />

previous year <strong>of</strong> account at a Meeting taking place on such day<br />

in each year as the Governing Body shall from time to time<br />

appoint.<br />

59

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