Explanatory note

Section 95 of the Local Government Finance Act 1988 sets out the calculations to be made by charging authorities, before the start of a financial year, in respect of their estimates of expenditure and income for that year. Regulation 2 alters that section by requiring such an authority to take into account any additional grant which it estimates will be transferred from its collection fund to its general fund or the City fund under section 98(1) of that Act.