(b) The Authority's accounts are subject, after being audited by the approved auditor, to review by the Central Department for Financial Audit, which shall submit a report of this review to the Prime Minister. (c) The Authority shall keep a general reserve equal to two times its total annual expenditures, as set forth in its previous Annual Budget. This amount shall accrue from the excess of its resources, except amounts collected on behalf of the State for Licensing Fees and Revenue-Sharing with the Licensees, after deducting capital and current expenditures needed by the Authority, the percentage allocated as bonuses for the Board members and staff of the Authority, and the percentage determined by the Board to support the Universal Service Fund referred to in Article 46 of this Law. Any additional amounts shall be transferred to the State's Public Treasury. (d) The percentages set out in paragraph (C) of this article are to be determined by a resolution from the Council of Ministers, based on a proposal by the Board of Commissioners and subject to the approval of the Minister and the Minister of Finance. (e) In case there is a balance sheet deficit within the Authority in any financial year, it shall be covered by the general reserve, and if the general reserve is not sufficient to compensate for the deficit, the Ministry of Finance will compensate for such deficit. (f) Within three months from the end of the financial calendar year, the Chairman of the Board shall submit, through the Minister, an annual report to the Prime Minister regarding the activities of the Authority and its financial position in the previous financial year. (g) The Chairman and the Board Members shall be discharged after approval of the balance sheet and final accounts by the Central Department for Financial Audit, within a period not exceeding one year from the end of the relevant financial year. Article 17 Resources The Authority's [financial] resources consist of the following: 1) Initial and Annual License Fees. 2) Revenue Shares with the Licensees. 3) Licensing applications submission fees, Annual License Fees, Authorization Fees, and renewal fees. 4) Initial and Annual Frequency License Fees. 5) Penalties and fines, which are collected by the Authority from the Licensees if they fail to fulfill their License obligations. 19