Review and confirmation of budget plans and the approval of settlement

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Review and confirmation of budget plans and the approval of settlement

Function of Council

The local council keeps the rights of resolution about the enactment/revision, or /abolition of ordinances, reviews/confirms budget plans and approves settlements, provides consent/approval of important matters, duly participates in the enforcement of policies keeping the right to control for administration enforcement of administrative by means of audit and investigation. Besides, the council may process the affairs relating to the given rights by means of other statutes and ordinances as well as reception of petition.

Deliberations and Confirmation of Budget Proposal

The budget is the scale of operations of a local government within a given fiscal year. The Council subjects the budget proposal composed and submitted by the Mayor and Educational Superintendent to the procedure of to strict deliberation and resolution up until 15 days prior to the commencement of new fiscal year in order for the budget to be maximally and frugally executed in consideration of the facts that the funds are composed mainly of the taxes which are paid by the citizens.

Procedures for Handling of Budget Proposals

01

Composition and Submission of Budget Proposal(Mayor and Educational Superintendent)

To be submitted to the Council at least 50 days prior to the commencement of the new fiscal year
02

Preliminary Examination(Standing Committee)

Explanation of the proposal by the department in charge, questions, and answers
03

Comprehensive Examination(Special Committee on Budget Settlement)

The council may not increase expenditures or the proposed amount for each item, or create new items without the consent of the Mayor and Educational Superintendent. The Mayor and Educational Superintendent, in the event of wishing to modify a portion of the budget proposal after having submitted it due to unavoidable reasons, shall draft and submit a proposal for corrections to the budget.
04

Deliberation and Resolution(Plenary Session)

To be resolved by at least 15 days prior to the commencement of the new fiscal year. The Chairman shall transfer the budget proposal that has been resolved to the Mayor and Educational Superintendent within 3 days of the resolution.

Approval of Settlement of Accounts

This is a system that confirms whether the budget of the local government has been legally and validly executed over the fiscal year.
The approval of the City Council must be acquired.

Procedures for Approval of Settlement of Account

01

Request for approval(Mayor and Educational Superintendent)

The Mayor and Educational Superintendent shall draft accounts settlement statements within 80 days of the closure of the revenue and expenditures and request approval for the settlement to the Council by attaching the examination opinion of the settlement and the verification of Account Committee member appointed by Council
02

Preliminary Examination(Standing Committee)

Verify whether the budget has been legally and validly executed in accordance with the resolution of the Council
03

Comprehensive Examination(Special Committee on Budget Settlement)

A final examination of what has already been preliminarily examined by the Standing Committee
04

Deliberation, Resolution and Approval(Plenary Session)

Approval of the settlement of account refers to the approval by the Council on the revenue and expenditures for a fiscal year