# The Local Authorities (Funds) (England) Regulations 1992, Regulation 10: Estimation of surpluses and deficits

Extent: E+W

(1) A billing authority shall in accordance with the rules prescribed in Part I of Schedule 2 to these Regulations estimate as regards each financial year beginning in or after 1993 whether there is a surplus or deficit in its collection fund for the preceding financial year, and if so, the amount of that surplus or deficit.
(2) A billing authority shall estimate the surplus or deficit under paragraph (1)—
(a) as regards the financial year beginning in 1993, on 15th February 1993,
(b) as regards a financial year beginning in or after 1994, on 15th January in the preceding financial year.
(3) Where 15th January in a financial year is a Saturday, Sunday or bank holiday the estimate shall be made on the first working day thereafter.

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Source: https://www.legislation.gov.uk/uksi/1992/2428/regulation/10 (the official version)
Page: https://openlegislation.uk/local-authorities-funds-england-regulations-1992/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.