§ 4 Ordinance on the Accounting of Municipalities - Revenues, Expenditures, and Assets

1. Revenues are payments from third parties that increase the assets.

2. An expenditure is the commitment of financial assets for the fulfillment of public duties. It requires a legal basis or a credit.

3. An investment is a financial transaction for which there is a freely realizable value, and it merely leads to reallocation within the financial assets.

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