Estimate 2018 (Linz)

The statement of estimates by a local authority is a summary of the budgetary revenue and expenditure expected to become due in the financial year concerned (financial year, management year, accounting year). The estimate is the binding basis for the administration’s implementation of budget revenue and expenditure. For third parties, the estimate does not give rise to any rights or obligations. The use of the term ‘estimate’ not only serves to ensure uniformity of the designation, but also expresses the principle of ‘precautionary’. The estimate will be drawn up in accordance with the current provisions of the Federal Ministry of Finance’s Ordinance on the form and structure of the estimates and financial statements of the Länder, municipalities and associations of municipalities (‘VRV’). On the basis of the provisions in the municipal regulations, municipalities are obliged to draw up an estimate for each year, without prejudice to planning beyond the financial year. Ordinary revenue is the revenue generated by the activities of each of the administrative branches and does not fall within the ordinary revenue. These are generally administrative revenue, including fees, general means of cover, for example tax revenue and withdrawals from reserves that have not been accumulated for extraordinary needs. Ordinary expenditure is expenditure covered by ordinary revenue and therefore included in the ordinary estimate. These include, in particular, staff services, expenditure on administrative and Registrar requirements, i.e. administrative and operational expenditure, and debt servicing. In particular, extraordinary revenue is revenue from borrowings and proceeds from the sale of assets. Other extraordinary revenues are also withdrawals from reserves that have been accumulated for extraordinary needs. Extraordinary expenditure is expenditure which, by its nature, is only isolated in the budget or substantially exceeds the level under the normal framework and is covered by extraordinary revenue. Evidence of a specific nature: The Ordinance on Estimates and Clearance of Accounts (VRV) lays down which evidence of the particular nature of the estimate is to be attached and how it should be presented.