Subsection 1: Budgets and accounts

I.-For the application of article D. 4425-30:

a) The population to be taken into account is the sum of the total populations, municipal and counted separately, of the Corsican local authority, as it results from the last known census on the date of production of the budget documents;

b) Real operating expenditure refers to all expenditure for the financial year resulting in real movements. However, for the application of 1°, expenditure corresponding to fixed assets transferred to the investment section is excluded. For the application of 7°, expenditure corresponding to fixed assets and charges transferred to the investment section are excluded;

c) Actual operating revenue is calculated on the basis of the following formula c) Real operating revenue refers to all operating revenue for the financial year resulting in real movements;

> d) Gross capital expenditure refers to gross capital expenditure for the financial year. d) Gross capital expenditure includes the acquisition of movable and immovable assets, work in progress, intangible fixed assets, investment work carried out on a contract basis and transactions carried out on behalf of third parties;

e) The annual repayment of the debt is calculated on the basis of the following items e) The annual capital repayment of debt refers to loan repayments made on a permanent basis;

> f) Outstanding debt refers to the total amount of debt outstanding. f) Outstanding debt is obtained by aggregating loans and long and medium term debts;

When the Corsican local authority has to pay an indemnity for the early repayment of a loan, and in the event that it benefits from aid granted by the support fund created by article 92 of law no. 2013-1278 of 29 December 2013 on finance for 2014, the Corsican local authority may deduct from this outstanding debt the amount of the receivable still to be collected from the support fund.

> g) Gross savings are calculated on the basis of the gross savings of the Corsican local authority. g) Gross savings are calculated as the difference between actual operating revenue and actual operating expenditure.

II. II - The summary data is appended to the preliminary budget and the administrative account to which it relates. In addition, the data resulting from the last administrative account voted on the date of presentation of the initial budget is carried over to the latter.