Meeting documents

WDC Info Sheets - High Wycombe Town Committee
Thursday, 22nd September, 2005

Info Sheets - High Wycombe Town Committee 2005, 3-2005 - 2004-2005 Financial Outturn

 

 

 

          INFORMATION SHEET

 

                            HIGH WYCOMBE TOWN COMMITTEE

Issue No:           3/2005

Date Issued:    22 September 2005

Title:                   Special Expenses - 2004/2005 Financial Outturn

Officer Contact: Mary Creighton DDI 01494 421537          Email: mary_creighton@wycombe.gov.uk

 

 

 

 

 

SPECIAL EXPENSES

2004/2005 FINANCIAL OUTTURN

 

 

(See Attached Report)

 

 

 

 

 

SPECIAL EXPENSES

2004/2005 FINANCIAL OUTTURN

 

 

The General Fund activities for Special Expenses are detailed below for 2004-05. The accounts have been approved by the Audit Committee although we are still awaiting the external auditors final report. Explanations have been provided for variances over 10% or £10,000.  Further explanation on any variance can be provided on request.

 

SPECIAL EXPENSES

  

 

 

  

  

Full

Actual

Variance

  

Year Budget

 

  

  

£

£

£

  

 

 

  

  

 

 

  

Recreation Grounds (Local)

137,100

128,735

8,365

Allotments

30,000

32,788

(2,788)

Financial Assistance to Vol Groups

33,800

34,297

(497)

Other Expenses

61,600

58,196

3,404

Footway Lighting and Bus Shelters

14,000

7,632

6,368

High Wycombe Cemetery

170,200

172,626

(2,426)

  

 

 

  

  

 

 

  

Total Special Expenses

446,700

434,274

12,426

  

 

 

  

Capital Charges credit

(30,900)

(35,774)

4,874

Interest on balances

(5,000)

(9,896)

4,896

  

 

 

  

Net spending for year

477,740

338,604

31,452

  

 

 

  

Special Expenses Fund Balance b/f

 

(203,436)

  

Collection Fund precept

 

(400,800)

  

  

 

 

  

Specal Expenses Fund Balance c/f

  

(215,632)

  

 

 

 

 

 

Commentary on Significant Variances

Footway Lighting – The budget of £3,600 for repairs and maintenance was not spent.  Also, £2,800 of the purchase of equipment was remaining at year end.  

Capital Charges - The capital charges were higher due a charge for technology being included, for which no budget allocation had been made.

Interest on balances - The 2003/04 balance was higher than anticipated at estimate time and hence the interest earned was higher.