Apportionment of contributions
7. In the years beginning on 1st April 2001, 1st April 2002, 1st April 2003, and 1st April 2004, the amount of the general funding contribution payable by each London local authority shall be calculated by applying the following formula—
where—
C is the figure for that London local authority shown in column 3 of Schedule 1 to these Regulations;
d is 0.2 for the year beginning on 1st April 2001; 0.4 for the year beginning on 1st April 2002; 0.6 for the year beginning on 1st April 2003; and 0.8 for the year beginning on 1st April 2004;
A is the figure for that London local authority shown in column 2 of Schedule 1 to these Regulations;
E is the general funding contribution for that year.
8. In the year beginning on 1st April 2001 and in the year beginning on 1st April in any year after 2001, the amount of the inner London boroughs' additional funding contribution payable by each inner London borough shall be calculated by applying the following formula—
F × G
where F is 45.3818% of the amount of the inner London boroughs' additional funding contribution for that year and G is the figure shown in column 2 of Schedule 2 to these Regulations.