50 Calculation of budget requirement [by authorities in Wales]
Local Government Finance Act 1992 (1992 c 14) | Legislation

50  Calculation of budget requirement [by authorities in Wales]

(1)     In relation to each financial year a local precepting authority [in Wales] shall make the calculations required by this section.

(2)     The authority must calculate the aggregate of—

(a)     the expenditure the authority estimates it will incur in the year in performing its functions and will charge to a revenue account for the year;

(b)     such allowance as the authority estimates will be appropriate for contingencies in relation to expenditure to be charged to a revenue account for the year;

(c)     the financial reserves which the authority

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