8 PART III FINANCES, STAFF AND REPORTS OF COMMISSION 9 Funds and finances of Commission (1) In addition to the funds appropriated in terms of section 61(6) of the Constitution8, the funds of the Commission shall consist of⎯ (a) …9 (b) fees, charges and other income accruing to the Commission from things done by it in terms of this Act or the Electoral Act; and (c) the proceeds of any monetary penalties imposed by the Commission under this Act or the Electoral Act; and (d) deposits forfeited by candidates under the Electoral Act; and (d1) donations or grants from any local or foreign source whatsoever, which have been approved by the Minister;10 and (e) such other moneys as may vest in or accrue to the Commission, whether in the course of its operations or otherwise, and whether under this Act or any other enactment. (2) The Third Schedule governs the financial aspects of the operation of the Commission. 9A Investment of moneys not immediately required by Commission Moneys not immediately required by the Commission may be invested in such manner as the Commission in consultation with the Minister may approve. 11 10 Estimates of revenue and expenditure of the Commission The estimated revenue and expenditure of the Commission shall be itemised clearly and separately in any estimates of revenue and expenditure laid before Parliament pursuant to Chapter XI of the Constitution. 11 Chief Elections Officer and other employees of Commission (1) For the better exercise of its functions the Commission shall appoint a chief executive of the Commission who shall be called the Chief Elections Officer.12 (2) The Commission shall, with the approval of the Minister responsible for finance, fix the terms and conditions of service of the Chief Elections Officer. (3) Subject to the general control of the Commission, the Chief Elections Officer shall ⎯ (a) manage the affairs and property of the Commission; 8 Opening words inserted by section 5 of Act 17/2007. 9 Paragraph repealed by section 5 of Act 17/2007. 10 Paragraph inserted words by section 5 of Act 17/2007. 11 Section inserted by section 6 of Act 17/2007. 12 Subsection amended by section 7 of Act 17/2007.