32. Amounts which may be excluded in calculation of budget deficiency ¾ s. 6.2(3)
A local government may exclude from the calculation of the budget deficiency ¾
(a) money borrowed or to be borrowed, to the extent that it is proposed in the annual budget to remain unspent at the end of the financial year;
(b) reserves, to the extent that they are proposed in the annual budget to remain unspent at the end of the financial year;
(c) in relation to a land transaction or trading undertaking, assets and liabilities, to the extent to which they are proposed in the annual budget to remain restricted to the purposes of the land transaction or trading undertaking at the end of the financial year;
(d) any proposed amounts of depreciation of non-current assets;
(e) assets from grants or gifts or non-cash revenue or expenditure;
(f) current liabilities which, by their nature, are restricted, to the extent that they are proposed in the annual budget to remain uncleared at the end of the financial year; and
(g) any other current assets which, by their nature, are restricted, to the extent that they are proposed in the annual budget to remain unused at the end of the financial year.