Calendar 2000–01

of the financial year, draft estimates of income and expenditure of the University and such estimates, amended as the Council may think fit, shall be approved by the Council before the beginning of the financial year. 4. The estimates shall show the income and expenditure of the University and the estimated surplus or deficit for the year. The estimated expenditure shall be shown under votes, heads and (where applicable) sub-heads. Any transfer between votes or heads shall require the sanction of the Finance Committee. Any transfer between sub-heads shall require the sanction of the Vice- Chancellor and the Treasurer, with the exception of transfers between sub- heads solely concerning a College, which shall require the sanction of the Head of that College, subject to any rules and directions that the Finance Committee may issue. 5. The Finance Committee shall report to the Council, at such times as the Council may determine, any transfer between votes or heads. The Council may revise the estimates during the course of the financial year. 6. As soon as practicable after the end of the financial year, a balance sheet and income and expenditure account with supporting schedules shall be submitted to the auditors. 7. The audited accounts, with any comments thereon made by the auditors, shall be submitted to the Council. 8. Nothing in this Statute shall deprive the Council of power to invest surpluses or prospective surpluses at any time. STATUTE 13 The Administrative and Planning Committee 1. There shall be a Committee of the Council known as the Administrative and Planning Committee, which shall consist of — ( a ) the Vice-Chancellor, who shall be the Chairman; ( b ) the Pro-Vice-Chancellors; ( c ) the Head of each College; ( d ) the Dean of each Faculty and of the Graduate School; ( e ) the Secretary; ( f ) the Registrar; ( g ) the Bursar; and ( h ) the University Dean of Students. The Secretary or his deputy shall serve as secretary of the Committee. 2. Subject to the Ordinance and the Statutes, it shall be the duty of the Administrative and Planning Committee — ( a ) to assist the Vice-Chancellor in the performance of his duties; ( b ) to initiate plans of University development; ( c ) to assist the Vice-Chancellor in reviewing and co-ordinating the annual and supplementary estimates of recurrent and capital expenditures of the University, before transmitting them to the Finance Committee of the Council;