Regulation 3 Definition of “gross expenditure”
(1)
Subject to paragraph (3), the gross expenditure of an authority for a year is the aggregate of the items which are—
(a)
attributable to the services administered by the authority during the year, and
(b)
charged to a revenue account for that year.
(2)
The items mentioned in sub-paragraph (1)—
(a)
must be calculated using the estimates which were used to calculate—
(i)
the budget requirement, or
(ii)
the levy,
of the authority for the year; but
(b)
must not include any—
(i)
allowances for contingencies, or
(ii)
contributions to financial reserves.
(3)
The gross expenditure of the GLA for a year is the aggregate of the amounts of gross expenditure calculated for each constituent body for that year.
(4)
In this regulation, “authority” includes a levying body and a constituent body.