1. |
2006/07 cash limit |
|
|
|
|
|
£'000 |
|
2006/07 budget requirement |
|
568,360 |
|
Less contribution to balances |
|
1,558 |
|
|
|
566,802 |
|
Subsequent amendment to cash limit for variations in contribution to balances: |
|
|
|
Carry Forward of Policy and Resources and Recreation and Heritage overspending in 2005/06 |
|
-153 |
|
Additional to balances agreed by the Cabinet in July 2006 |
|
- 14,600 |
|
Use of PSA pump priming grant to reinstate balances in respect of advance spending incurred in 2005/06 |
|
-49 |
|
Proposal to rephase addition to balances arsing from deferral of Manydown acquisition (+£5,000,000) offset by proposed use of Department of Transport South Hampshire Rapid Transit reimbursement to replace revenue contributions to capital (-£2,629,000). |
|
2,371 |
|
Adjusted 2006/07 cash limit |
|
554,371 |
|
|
|
|
|
|
2. Comparison of revised budget with cash limit |
|
|
|
|
|
|
|
|
|
|
Cash limit |
Revised budget |
Variation |
|
|
|
£'000 |
£'000 |
£'000 |
Service cash-limited expenditure: |
|
|
|
|
|
Adult Services |
|
258,249 |
269,147 |
10,898 |
|
Children's Services |
|
826.668 |
827,229 |
561 |
|
Environment |
|
102,646 |
102,156 |
-490 |
|
Policy and Resources |
|
51,771 |
51,733 |
-38 |
|
Recreation and Heritage |
|
31,769 |
31,769 |
- |
|
|
|
1,271,103 |
1,282,034 |
10,931 |
Non cash-limited expenditure: |
|
|
|
|
Flood Protection review |
|
403 |
403 |
- |
Capital financing charges |
|
37,879 |
34,223 |
-2,656 |
Revenue contributions to capital |
|
22,204 |
22,204 |
- |
Specific grant |
|
-781,178 |
-781,178 |
- |
Inflation and central contingencies |
|
10,286 |
2,900 |
-7,386 |
Landfill Allowance sales |
|
- |
-2,291 |
-2,291 |
|
|
|
|
|
Transfer to/(from) earmarked |
|
|
|
|
Reserves: |
|
|
|
|
|
As per adjusted budget |
|
-6,326 |
-6,326 |
- |
|
Planned service underspend |
|
- |
528 |
528 |
|
Pay and benefits contingency provision |
|
- |
7,500 |
7,500 |
|
Business rates |
|
- |
83 |
83 |
|
Landfill allowance sales |
|
- |
2,291 |
2,291 |
|
PSA reward grant to fund |
|
|
|
|
|
Non-schools Children's Services overspending |
|
- |
-233 |
-233 |
|
|
|
554,371 |
563,138 |
8,767 |
3. |
Analysis of main variations |
|
|
|
£'000 |
|
Projected overspending on Adult Services to be written off in 2006/07. |
10,898 |
|
Projected overspending on Children's Services (£561,000) to be financed from use of PSA reward grant (-£233,000) and to be funded from Direct Schools grant in 2007/08 (-328,000) |
328 |
|
Planned underspending on Environment and Policy and Resources (£528,000) to be carried forward as earmarked reserves to 207/08. |
- |
|
Higher interest rates and flood protection levies |
197 |
|
Business rate savings (£83,000) to be earmarked to invest to save reserve. |
- |
|
Higher interest on balances |
- 2000 |
|
Lower capital financing costs due to lower additional borrowing in 2005/06 than forecast |
-656 |
|
|
8,767 |
|
|
|
