Financial Statistics: Miscellaneous Income
In addition to income from ratepayers, taxpayers, (via government grants) and lenders (via borrowing), local authorities obtain substantial income from: (a) those who use their services; (b) outside bodies to which they sell capital assets such as land and buildings; (c) interest on temporarily idle cash balances. They may also run down cash balances which although not “income” in the generally accepted meaning of the term, has the same effect on their finances as the receipt of income. (Note that since end year cash balances can be increased as well as run down, the result in these circumstances would be to transform the cash balance change into an item of “expenditure”). For fuller details on the subject of this chapter, see Guide to Local Authority Finance [B.23].
KeywordsLocal Authority Superannuation Fund Special Fund Rate Fund Capital Account
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