(1) Not later than 3 months after the end of each financial year, the Accountant General shall prepare and submit to the Director of Audit financial statements for that year in respect of the Contingencies Fund.
(2) The Accountant General shall include the following information in the financial statements submitted under subsection (1) —
(a) the date and amount of each payment made from the Contingencies Fund;
(b) the person to whom the payment is made;
(c) the purpose for which the payment is made;
(d) a statement of the purpose for which the money was spent, if the person to whom the payment is made has spent the money;
(e) if the person to whom the payment was made has not spent the money, a statement specifying the reasons for not spending the money.