Tourism Resource Center

Fund and Auditing

(17) The Fund of the Board

1. The Board shall have its separate fund.

2. The following amounts shall be deposited in the Fund created under Sub-Section (1):

a.Subsidy and other amounts available from His Majesty’s Government.
b.Cooperation, subsidy or loan available from foreign governments, national and international associations and organization.
c. Donation or presents available from national or foreign associations or organizations.
d. Cooperation, subsidy or present available from associations, organizations and individuals involved in tourism trade.
e. Service charge received from services and consultations provided on subjects related to tourism to tourists and tourism entrepreneurs.
Amount received from other sources.
The Board shall be bound to acquire the approval of His Majesty’s Government before receiving any type of cooperation, subsidy, loan, donation or present from foreign government, international organization or association or native organization, association or individual.
f. All the expenditure to be made by the Board shall be borne from the amount deposited in the fund created as per Sub-Section (1).


3. The operation of the Fund of the Board shall be as directed.Accounts and Auditing.


4. The income and expenditure account of the Board shall be maintained according to the auditing system of His Majesty’s Government.


5. The auditing of the Board shall be done by Auditor General or any other auditor appointed by him.
The auditor shall submit his own report to the committee regarding the annual transaction, balance sheet, profit, loss and other transactional dealings.

(18) Accounts and Auditing

1. The income and expenditure account of the Board shall be maintained according to the auditing system of His Majesty’s Government. 


2. The auditing of the Board shall be done by Auditor General or any other auditor appointed by him.


3. The auditor shall submit his own report to the committee regarding the annual transaction, balance sheet, profit, loss and other transactional dealings.