Ga. Comp. R. & Regs. R. 110-3-1-.03 - Definitions
(1)
Local
government means any county or municipality authorized under the
Constitution and laws of this state.
(2)
Fiscal year means the
reporting government's most recently completed fiscal year.
(3)
Prior fiscal year means the
fiscal year immediately preceding the fiscal year being reported.
(4)
Revenues mean all funds from
all sources that are income to a local government.
(5)
Expenditures mean all funds
expended, from all sources, by a local government.
(6)
Bonded indebtedness means
any long-term debt with an original term of more than one year. It includes
revenue bonds, special assessment obligations, and general obligation debt
issued in the name of particular agencies as well as general obligations of the
local government.
Notes
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