The West Bengal (Finance & Accounting) Rules 1999.
Proper management & municipal Fund is the key to the success in urban governance. To ensure transparent and effective management of municipal Fund in the municipalities the West Bengal Municipal (Finance and Accounting), Rule, 1999 has been made. Late a comprehensive amendment has been made in the said rules to ensure maintenance or Municipal Accounts through "Double Entry Accrual Based system." In this system receivables are also entered is the book of Accounts along with the actual receipts. This new system shall reflect the assets and liabilities of a Municipality in the Balance sheet in a clear manner and shall ensure healthy finance manage of the Municipal Fund. In these rules detailed procedure for performance of financial duties; general system of financial management payment of money; loans, preparation of budget, estimate; collection of taxes; Assessment and collection of property tax; incurring different expenditure by the municipalities allowing advance; maintenance of different books of Accounts; public works and tender has been delineated.