"Revenue" means the gross increase in ownership equity during a designated period. If the accounts are kept on an accrual basis, the term designates:
1. Additions to assets which do not increase any liability or represent the recovery of an expenditure or contributions of fund capital in proprietary funds; and
2. The cancellation of liabilities without a corresponding increase in other liabilities or a decrease in assets.
If the accounts are kept on the modified accrual basis, the additions must be measurable and available to finance expenditures of the fiscal period.
(Added to NRS by 1969, 507; A 1987, 624)