27. The financial statements of a college, together with the financial reports required by the Minister and the report of the external auditor, shall be forwarded to the Minister at the time and in the form he determines.
A college that receives a sum of money or a direct or indirect benefit from a foundation, trust or legal person that solicits funds or gifts from the public must mention it in a schedule appended to its financial statements indicating the object for which the sum of money or benefit was granted.
The financial statements of a college which has entrusted the management of certain of its activities to another body must be accompanied with any document or information required by the Minister concerning such activities.
The fiscal year of a college shall end on 30 June each year.
1966-67, c. 71, s. 27; 1979, c. 24, s. 17; 1986, c. 77, s. 2; 1993, c. 25, s. 20.