11.2 The financial year of community councils shall be the same as that of the Council (i.e. 1 April to 31 March) and the draft accounts of the community council shall be submitted for approval to the Annual General Meeting.
11.3 Each community council, at its Annual General Meeting, shall appoint a suitably qualified person to audit the community council’s accounts. (This should be someone who is independent from the community council with a financial background, though not necessarily a qualified accountant). The audited statement of accounts shall be presented for approval at the next available regular meeting of the community council.
11.4 The annual accounts of each community council shall be independently examined by at least one examiner appointed by the community council but who is not a member of the community council. A copy of the independently examined statement of accounts/balance sheet shall be forwarded, as soon as the statement is approved, to a named officer of the City of Edinburgh Council who may, at their discretion and in consultation with the Council's Chief Financial Officer, request the community council to produce such records, vouchers and account books as may be required.