Regulation 3 Definition of “gross expenditure”I1

England and Wales

(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.

Annotations