Meeting documents

The table on page 3 reports the budgetary control position for Special Expenses for the first 9 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 overspend of £3,116 against a net budget of £98,929 at 31 December 2006

An explanation has been provided for variances over 10% or £1,000.  Further explanation on any variance can be provided on request.

Commentary on Significant Variances

Recreational Grounds (Local) – There is a net overspend of £ 2,624.  The general maintenance budget is overspent by £1,065 and there is a shortfall in football income of £1,500 compared to this time last year due the continuing downward trend in sport being played outside and people willing to pay for better facilities.  The projection for year end is a shortfall of £2,000 in income.  

Allotments – The prediction for the year end is an underspend £3,400 due to the extra income received from the Vodaphone for a Phone mast that was not included in the budget for this financial year.

Financial Assistance – There will be a £3,000 underspend at the year end because Castlefield community Centre was closed for 1 April 2006 to 30 June 2006.

Other Expenses – The projection for year end is an underspend of £8,200 due to Financial Assistance for the Community and Village Halls not being fully used.

Footway Lighting - The overspend of £4,392 is due to the repairs and maintenance being carried out on reactive basis.  The projection for year end is that the budget will be on target if the equipment  budget does not get spent.

Cemetery – There is net underspend of £1,159 due to a refund of £2,690 from the gas supplier for the previous year overpayment. There is shortfall in income of £ 621 which is lower than projected at this point in the year.  The year end projection is an underspend of £3,000.

Table A – Special Expenses Income and Expenditure Statement