8.—(1) The Agency may ascertain its expenses for the area of a Regional Flood and Coastal Committee for a financial year (“qualifying expenses”) by—
(a)estimating the amount of relevant expenditure for that area for the financial year;
(b)subtracting from that amount any amount that will be funded by means other than a levy;
(c)if regulation 9 applies—
(i)adding to the remainder any amount calculated under paragraph (3) of that regulation that is to be carried forward to that financial year; and
(ii)subtracting from the remainder any amount calculated under paragraph (4) of that regulation that is to be carried forward to that financial year;
(d)if regulation 10 applies—
(i)adding to the remainder the sum of any amounts apportioned to constituent authorities in that area under paragraph (3) of that regulation that, under paragraph (4) of that regulation, are to be carried forward to that financial year; and
(ii)subtracting from the remainder the sum of any amounts apportioned to constituent authorities in that area under paragraph (3) of that regulation that, under paragraph (5) of that regulation, are to be carried forward to that financial year.
(2) In this regulation—
“the remainder” means the amount calculated under paragraph (1)(b); and
“relevant expenditure”, in relation to the area of a Regional Flood and Coastal Committee for a financial year, means—
any expenditure expected to be incurred by the Agency in that financial year in connection with its flood and coastal erosion risk management functions in that area, and
an amount determined by the Agency as representing a fair proportion of—
the Agency’s administrative expenses for that financial year, and
the amount to be spent by the Agency for that financial year for research or related activities.