Meeting documents
|
|||||||||||||||||||||||||||
|
The table on page 3 reports the budgetary control position for Special Expenses for the first 6 months of the financial year 2006/2007. |
|
|
|
All of the figures included in this report have been presented to budget holders, together with significant variances. Where appropriate issues have been highlighted to individual budget holders and actions identified. |
|
|
|
Please note that we have changed the use of brackets so that a bracketed figure () is a positive variance (favourable) and denotes either lower than budgeted expenditure or higher collection of income. A bracketed figure also denotes income. A non- bracketed figure either represents expenditure or a variance which leaves the Authority in a worse financial position, such as over spending or lower collection of income. |
|
|
|
Special Expenses is showing an underspend of £13,847 against a net budget of £81,230 at 30th September 2006 |
|
|
|
An explanation have been provided for variances over 10% or £1,000. Further explanation on any variance can be provided on request. |
|
|
|
Commentary on Significant Variances |
|
|
|
Recreation Grounds (Local) - There is net underspend of £1,084 because only £471 has been spent on general maintenance on year to date budget of £3,050. Also, there is a shortfall of income from hire football pitches of £1,567 against the budget set. This income should increase as the football season continues. |
|
|
|
Allotments - There is net underspend of £5,996 due no general maintenance being done at this point in the year. |
|
|
|
Financial Assistance - There is an underspend of £3,000 because no rent contribution has been made for Castlefield Community Centre for the period 01st April 2006 to 30th June 2006 because it has been closed for refurbishment. |
|
|
|
Footway Lighting – The net overspend has increased to £4,620 due to commitment of £5,066 being made on repairs and maintenance |
|
|
|
Cemetery – There is net underspend of £8,018. This is due to Cemetery budget receiving a refund of £2,389 for overpayment of the Gas charge for the cemetery office in the financial year 2005/06. Also, no expenditure has been made against the minor maintenance work budget in the first half of financial year. There is shortfall of income of £1,817 due lower level of fees being received than predicted at point in time. |
|
|
|
|
|
|
|
Special Expenses Income and Expenditure Statement |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|