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(1) Consolidated Fund Revenue includes Tax Revenues and Non-Tax Revenues as defined in these Regulations.  

(2) In estimating Consolidated Fund Revenue for a budget period, a head of department shall 

(a)  identify all activities that already generate revenue;

(b) identify all activities that have the potential to generate revenue;

(c) estimate the frequency of these activities and calculate the revenue arising from these activities and 

(d) produce a monthly forecast identifying when revenue flows are projected to take place. 

(3) The head of department in estimating Consolidated Fund revenue in sub-regulation (2) shall examine the administrative efficiency of collection, the accuracy of past estimates and the relevance of rates and charges to current economic conditions or financial policies.

(4) Estimates for the budget year shall be based on current rates or charges and proposals for change of rates or charges shall indicate the revenue effects of such changes. 

(5) All agencies that have legislative approval to retain and utilize portions of their Internally Generated Fund shall be required to project these resources as part of their annual Non-Tax Revenue estimates.