Localism Bill (HL Bill 71)

(c) the financial reserves which the authority estimates it will be
appropriate to raise in the year for meeting its estimated future
expenditure, and

(d) such financial reserves as are sufficient to meet so much of the
40amount estimated by the authority to be a revenue account
deficit for any earlier financial year as has not already been
provided for.

(3) The authority must calculate the aggregate of—

(a) the income which it estimates will accrue to it in the year and
45which it will credit to a revenue account for the year in
accordance with proper practices, other than income which it