Section 12 in The Punjab School Education Board Financial Regulations, 1979
12.
The budget as estimates recommended by the Finance Committee shall be placed before the Board which shall approve the same by the 31st March each year. These shall show the receipts and expenditure of the Board's accounts of the ensuing year and the investments and special endowments which have been accepted by the Board in such form in accordance with such directions as are given by the Board.
