Doc 7515/5 Appmved by the Assembly and issued by authority of the Secretary General I January 1963 INTERNATIONAL CIVIL AVIATION ORGANIZATION 7 THE XCAO F'INANCIAL REGULATIONS Fifth Edition effective 1 October 1962, except for Regulations 5.6, 6, I and 6.2 which Come into force 1 January 1963 Incorporating all amendments approved by the Fourteenth Session of the Assembly under Res - olutions A14-54 and A14-55 and by the Council pursuant to the directives contained in Resolu- tion A14-54, resolving clauses 2 and 3. This document replaces Doc 7515/4 issued in Octo- ber 19 59.
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TABLE OF CONTENTS Article I - Applicability.. . . . . . . . . . . . . . . . . Article11 - Finance Committee of the Council. . . . , . . . . . . . . . . . , . . . . . . Article EII - Finamcia1 Year . . . , . . . , . . . . . . . . Article IV - The Budget., . ., . . . . . . . . . . . . . . . Article V - Appropriations . . , . , . , . . . . , . . . . Article VI - Provision of Funds . . . . . . . . . . . . Article VII - Establishment and Administration of Funds.. ., . . . . . . . . . . . . . . . . . . Article VIII - Joint Financing of Air Navigatiol Facilities and Services . . . , . . . . . Article IX - Depositories and Investments . . . Article X - Internal Control and Audit . . . . , , Article XI - Accounts and Financial Statements, . . . , . . . . . . . . . . . . . . Article XII - External Audit . . . . . . . . . . ., . . . . Article XIII - Suspension and Amendment . . . , .
THE ICAO FTNANCIAL REGULATIONS Article I APPLICABILITY 1, 1 These Regulations shall govern the financial administra- tion of the International Civil Aviation Organization. Article 11 FINANCE COMMITTEE OF THE COUNCIL 2. 1 For the purpose of assisting it in administering the finances of the Organization, the Council shall appoint a Finance Committee which shall be chosen from among the Representatives of the members of the Council and which shall be responsible to it, The Finance Committee shall a exercise the functions assigned to it by these Regulations b make such examinations of the Organization as it deems necessary for ensuring that the amounts voted are properly spent and that the most efficient and economical method of carrying out the approved programme is observed and c deal with any matter referred to it by the Council. 2. 2 The proceedings of the Finance Committee shall be gov- erned by Rules of Procedure established by the Council. Article 111 FINANCIAL YEAR 3. 1 The financial year shall be the period 1 January to 31 December inclusive. Article IV THE BUDGET 4. 1 Budget estimates for each financial year proposed by the Secretary General shall be submitted by him to the Council.
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