Article 4 Contents of budget statement

a summary of the expenditure which the Director General of NCIS estimates will be incurred in connection with NCIS in the year;

any income which it is estimated will be received in that year, whether by way of payments under section 18A of the 1997 Act^f1, or by way of charges imposed by the Authority under section 19 of the 1997 Act, or otherwise;

the financial reserves of the Authority and the reserves which it estimates it will be appropriate to raise in the year for meeting its estimated future expenditure;

the current and proposed level of borrowing of the Authority;

a record of the views expressed by all members of the Authority on the budget statement;

the efficiency savings which it is estimated will be made in the year;

the Authority’s estimate of its operating costs in the year;

the Authority’s estimate of the expenses and allowances payable to its members for the year; and

any underspend or overspend estimated for the current year.