# Local Government Finance Act 1992, Paragraph 3

Extent: S

In estimating the expenditure mentioned in paragraph 1 above which they will incur in respect of any financial year a local authority shall take into account—
(a) such additional sum as is in their opinion required—
(i) to cover expenses previously incurred;
(ii) to meet contingencies; and
(iii) to meet any expenses which may fall to be met before the money to be received from the sources mentioned in paragraph 1 above in respect of the next following financial year will become available; and
(b) any means by which any part of that expenditure may otherwise be met or provided for.

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Source: https://www.legislation.gov.uk/ukpga/1992/14/schedule/11/paragraph/3 (the official version)
Page: https://openlegislation.uk/local-government-finance-act-1992/schedule-11/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.