Archived decisions
4 |
Change in provisions |
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31 March |
Change in 2006/07 |
31 March | |||||||
2006 |
Central |
Service |
2007 | ||||||
Provision |
Provision |
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£'000 |
£'000 |
£'000 |
£'000 | ||||||
Insurance claims |
-4,807 |
1,995 |
-1,473 |
-4,285 | |||||
Contract terminations |
-85 |
0 |
-92 |
-177 | |||||
Part-time pensions |
-1,100 |
1,100 |
0 |
0 | |||||
Other |
-31 |
0 |
0 |
-31 | |||||
-6,023 |
0 |
0 |
-4,493 | ||||||
Provision for doubtful debts (included |
-2,017 |
410 |
-55 |
-1,662 | |||||
with debtors in the balance sheet) |
3,505 |
-1,620 |
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31 March |
Change in 2007/08 |
31 March | |||||||
2007 |
Central |
Service |
2008 | ||||||
Provision |
Provision |
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£'000 |
£'000 |
£'000 |
£'000 | ||||||
Insurance claims |
-4,285 |
3,624 |
-3,576 |
-4,237 | |||||
Contract terminations |
-177 |
0 |
-85 |
-262 | |||||
Other |
-31 |
0 |
5 |
-26 | |||||
Provisions identified in the balance sheet |
-4,493 |
-4,525 | |||||||
Provision for doubtful debts (included |
-1,662 |
-607 |
-19 |
-2,288 | |||||
with debtors in the balance sheet) |
3,017 |
-3,675 |
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The insurance provision represents an assessment of the likely cost of liability claims |
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known to the County Council at 31 March 2008. The risks covered are as follows: |
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Liabilities |
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Employer's liability, public liability and professional indemnity up to an aggregate |
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loss of £14 million in any one year. Should this limit ever be exceeded the |
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the maximum liability for any one claim would be £5 million. |
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Property |
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Reinstatement of buildings for loss or damage as a result of fire, lightning, explosion |
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and (for schools only) major storm and flood. This applies to buildings owned by the |
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County Council and those leased to it where the lease allows. |
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Contents owned by the County Council for loss or damage as a result of fire, |
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lightning, explosion and theft, all risk cover for IT equipment in the computer suite, |
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and for cash on premises and in transit (limits depending on location). |
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Additional cover |
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Personal accident of staff on duty |
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Fidelity guarantee |
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Vessels |
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Council departments currently continue to perform services on contract where functions | |||||||||
have been transferred from the Council. The contract termination provision recognises |
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that the Council is likely to incur certain costs when these arrangements eventually end. | |||||||||
41 |
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5 |
Internal trading accounts |
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The trading units had an overall surplus of £1,897,000 (2006/07 overall surplus | |||||||||
of £2,009,000) as follows: |
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2006/07 |
2007/08 | ||||||||
£'000 |
£'000 | ||||||||
|
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Former Direct Services Organisation |
Income |
-24,809 |
-25,266 | ||||||
- provides catering and cleaning services |
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to schools and some non-educational |
Expenditure |
24,639 |
25,061 | ||||||
sites in Hampshire and supplies vehicles |
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to departments of the County Council. |
Surplus(-) |
-170 |
-205 | ||||||
Education Business Units |
Income |
-28,016 |
-36,457 | ||||||
- provide support services principally |
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to schools but also to other |
Expenditure |
27,506 |
34,664 | ||||||
departments and other local authorities. |
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Surplus(-) |
-510 |
-1,793 | |||||||
Information Technology Services |
Income |
-33,650 |
-32,289 | ||||||
- provided to County Council |
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departments and some other local |
Expenditure |
32,608 |
32,753 | ||||||
authorities. |
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Surplus(-)deficit |
-1,042 |
464 | |||||||
County Supplies |
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- operate the central purchasing |
Income |
-9,702 |
-10,134 | ||||||
warehouse and arrange direct delivery |
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and other contracts for County |
Expenditure |
9,542 |
9,960 | ||||||
Council departments, other local authorities |
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and voluntary organisations. |
Surplus(-) |
-160 |
-174 | ||||||
Hampshire Printing Services |
Income |
-2,294 |
-2,410 | ||||||
- provide printing and reprographic |
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services to County Council |
Expenditure |
2,288 |
2,349 | ||||||
departments. |
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Surplus(-) |
-6 |
-61 | |||||||
Six other smaller trading units |
Income |
-1,714 |
-1,750 | ||||||
- including a surplus of £76,000 |
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(77,000 surplus in 2006/07) on the |
Expenditure |
1,593 |
1,622 | ||||||
management of the River Hamble. |
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Surplus(-) |
-121 |
-128 | |||||||
Total surplus(-) |
-2,009 |
-1,897 | |||||||
42 |
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