Section 387(2)(xxiv) in Orissa Municipal Act, 1950
(xxiv)prescribing the closing balance to be maintained by the [Municipality] [Substituted vide Orissa Act No. 11 of 1994 w.e.f. 31.5.1994.], the Statements, accounts and reports to be submitted to the State Government and the date for the preparation of the budget estimate and the particulars to be contained therein;