Examples of Revenue Grant in a sentence
COVID rates relief introduced by the government to help businesses through the pandemic, reduced the distribution from £8.5m to £5.6m, but this was offset by a corresponding increase in the General Revenue Grant.
Although this funding has been included within the General Revenue Grant, there are conditions and reporting requirements attached to many of these and the remaining funding will be carried forward to support services in 2021/22.
The Special Revenue Grant Funds account for proceeds of specific revenue sources (other than expendable trusts or major capital projects) that are legally restricted to disbursements for specified purposes.
The Revenue Grant Reserve represents revenue grants which have been recognised within income as the grant’s terms and conditions have been met but yet to be applied.
TfGM’s net expenditure after taking into account all sources of income and expenditure is financed by way of a Revenue Grant from the Authority.