2015 clearance of accounts (Linz)

The accounts of a local authority provide information about its economic management and the annual results.

The clearance of accounts is drawn up in accordance with the current provisions of the Ordinance of the Federal Ministry of Finance, which regulates the form and structure of the estimates and financial statements of the Länder, municipalities and municipal associations (proposal and clearance of accounts Ordinance — “VRV”).

On the basis of the provisions laid down in the municipal regulations, the municipalities are obliged to prepare a financial statement after the end of the financial year.

Ordinary revenue is revenue derived from the activity of each branch of administration and does not belong to the extraordinary revenue. They are usually administrative revenue, including fees, general coverage, for example tax revenue and withdrawals from reserves that have not been accumulated for exceptional needs.

Ordinary expenditure is the expenditure covered by ordinary revenue and therefore estimated in the ordinary estimate. These include, in particular, staff benefits, expenditure on office and law firm requirements, i.e. administrative and operational expenditure, and debt servicing.

Extraordinarily revenue is, in particular, income from borrowings and proceeds from the sale of assets. Other extraordinary revenues are also extracts from reserves accumulated for exceptional needs.

Extraordinarily expenditure is expenditure which, by their nature, is only isolated in the budget or significantly exceeds the normal level and is covered by extraordinary revenue.

Ineffective foreclosure: In so far as revenue and expenditure do not concern the budget but only the cash economy, they must be presented in the context of the ineffective statement.

Evidence of a special kind: The Preliminary and Financial Statements Ordinance (VRV) regulates which supporting documents of a particular nature are to be attached to the estimates and how they should be presented.