SECTION 418

(1) A report on the economic, social and financial situation and prospects of the local authority shall be attached to the budget estimates. (2) The report referred to in Sub-section 1 above shall include: • assumptions and projection results underpinning the draft budget; • medium-term budget framework documents provided for under Section 373 of this law; • an analysis of the budget trends compared with the previous financial year; • an analysis of the budget revenue projections for the year under consideration and, as an indication, the amounts expected for the next 2 (two) financial years; • the debt situation together with the debt strategy; • a table of the financial operations of the local authority; • an annual cash flow plan presented on a monthly basis; • explanatory annexes indicating, by programme, the amount of appropriations presented per part for the account of the year under consideration, and as an indication, for the next 2 (two) financial years. These annexes shall be accompanied by the annual performance project of the local authority; • a summary of all external financing planned for the coming financial year, specifying its amount, purpose and method of integration. Copies of the financing agreements concerned shall be attached to this summary; • an annex presenting the financial assistance of the local authority to its companies, public establishments, unions and other groups; • a report identifying and assessing the main budget risks; • a description of the main expenditure and revenue measures specifying their contribution to the objectives of the policies of the local authority and their consistency with major national public policies, as well as with the policies of other local authorities; • an annex presenting the trends in the main investment projects.