Management Result
The administrative result (so-called "administrative surplus" or deficit, if negative) is the summary result of budget management. It is a balance of a financial nature which takes into account not only the collections and payments made by the Municipality, but also debts and credits.
The administrative result is divided into different types of funds which have specific destinations.
The administrative surplus is an important source of financing for the Municipality's investments and is determined by the Municipal Council together with the approval of the Financial Statement (Final Account) by April 30th of each year.
Updated: 14/06/2023