CAP. 62B (d) (e) Prohibition of Female Genital Mutilation [Rev. 2012] maintenance, repair and replacement of the equipment and other property of the Board; and creation of such reserve funds to meet future or contingent liabilities in respect of retirement benefits, insurance or replacement of buildings or equipment, or in respect of such other matter as the Board may deem appropriate. (3) The annual estimates shall be approved by the Board before the commencement of the financial year to which they relate and, once approved, the sum provided in the estimates shall be submitted to the Cabinet Secretary for approval. (4) No expenditure shall be incurred for the purposes of the Board except in accordance with the annual estimates approved under subsection (3), or in pursuance of an authorization of the Board given with prior written approval of the Cabinet Secretary. 17. Accounts and audit (1) The Board shall cause to be kept proper books and records of accounts of the income, expenditure and assets of the Board. (2) Within a period of three months after the end of each financial year, the Board shall submit to the Auditor-General, the accounts of the Board together with — (a) a statement of the income and expenditure of the Board during that year; and (b) a balance sheet of the Board on the last day of that year. (3) The accounts of the Board shall be audited and reported upon in accordance with the provisions of the Public Audit Act (Cap. 412B). 18. Investment of funds (1) The Board may invest any of its funds in securities in which for the time being trustees may by law invest trust funds, or in any other securities or banks which the Treasury may, from time to time, approve for that purpose. (2) The Board may place on deposit, with such bank or banks as it may determine, any moneys not immediately required for the purpose of the Board. PART IV – OFFENCES 19. Offence of female genital mutilation (1) A person, including a person undergoing a course of training while under supervision by a medical practitioner or midwife with a view to becoming a medical practitioner or midwife, who performs female genital mutilation on another person commits an offence. (2) If in the process of committing an offence under subsection (1) a person causes the death of another, that person shall, on conviction, be liable to imprisonment for life. [Issue 1] P35 - 10