76.—(1) A local authority may incur reasonable expenditure for or in connection with the provision of receptions and entertainment for, and the making of presentations—

(a) to distinguished persons, and

(b) in connection with the holding of special events relevant to its functions.

(2) A decision to incur expenditure under subsection (1) is a reserved function.

(3) There shall be recorded in the annual report of a local authority for every year expenditure and other particulars in relation to the performance of its functions under this section.