The financial administration of the Academy will be handled by the treasurer. Current administrative matters will be handled by a director who will have a contract with the Academy.
Par. 9
It shall be up to the President to plan the budget before the beginning of each fiscal year [Rechnungsjahr]. This draft shall show and adjust all receipts and expenditures to be expected during the fiscal year—separated according to purpose and valuation. Only those expenditures are authorized which, after careful verification, are necessary for the completion of the tasks which the Academy is to fulfill according to Law or Statute.
Before being put into effect, the budget-plan shall be discussed by the Board of Directors.
Par. 10
The consent of the competent Ministers of the Reich is required for the budget plan. The Reich Minister of Justice shall receive it at a date set forth by him but not later than one month before the beginning of the new fiscal year.
Par. 11
The President shall have to account for all receipts and expenditures at the end of the fiscal year. This account shall be checked by the Board of Directors and passed on by it, with adequate comments, to the Reich Minister of Justice.
Par. 12
As for the drafting and execution of the budget, for financial administration and for bookkeeping as well as for the accounting, auditing and certification of accounting, the regulations of the Reich budget apply.