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3.—(1) Subject to paragraph (3), the gross expenditure of an authority for a year is the aggregate of the items which are—
(a)attributable to the services administered by the authority during the year, and
(b)charged to a revenue account for that year.
(2) The items mentioned in sub-paragraph (1)—
(a)must be calculated using the estimates which were used to calculate—
(i)the budget requirement, or
(ii)the levy,
of the authority for the year; but
(b)must not include any—
(i)allowances for contingencies, or
(ii)contributions to financial reserves.
(3) The gross expenditure of the GLA for a year is the aggregate of the amounts of gross expenditure calculated for each constituent body for that year.
(4) In this regulation, “authority” includes a levying body and a constituent body.
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