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FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997 No. 154 of 1997 - SECT 17
Accounting classifications of public money
(1) All public money falls into one of the following classes:
(a) Received
Money;
(b) money in the Consolidated Revenue Fund;
(c) money in the Loan Fund established by section 19;
(d) money in the Reserved Money Fund established by section 20;
(e) money in the Commercial Activities Fund established by section 21;
(f) Drawn Money;
(g) special public money that is subject to a Special Instruction.
Note:
The diagram in Appendix A illustrates the Fund accounting system.
(2) All public money is Received Money from the time it becomes public money
until the time it is either credited to the Consolidated Revenue Fund or
becomes subject to a Special Instruction.
(3) Drawn Money is public money that has been debited from a Fund without
being credited to another Fund. It does not include money that is subject to a
Special Instruction.
Note: Examples of Drawn Money are petty cash advances
and amounts held in drawing accounts to meet the payment of cheques.
(4) In this section: public money does not include overdraft drawings under
an agreement under section 8.
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