Archived decisions
Revised Budget 2008/09
1 |
2008/09 Cash limit |
||
£000 | |||
2008/09 Budget requirement |
642,680 | ||
Less contribution to balances |
699 | ||
641,981 | |||
Subsequent amendments to cash limits affecting the contribution to balances: |
|||
Additional spending on highways, redecoration of residential homes and 101 emergency number approved by Cabinet in June 2008 from 2007/08 underspending |
2,633 | ||
Deletion of contribution towards Hampshire Senate |
-100 | ||
Carry forward of building maintenance contingency, members' devolved budgets, Futures group underspendings and Recreation and Heritage overspending from 2007/08 |
548 | ||
Adjusted 2008/09 Cash limit |
645,062 | ||
2 |
Comparison of revised budget with cash limit | ||||
Cash Limit £000 |
Revised Budget £000 |
Variation £000 | |||
Service cash-limited expenditure |
|||||
Adult Services |
292,730 |
284,930 |
-7,800 | ||
Children's Services |
937,052 |
935,752 |
-1,300 | ||
Environment |
116,311 |
115,997 |
-314 | ||
Policy and Resources |
60,667 |
59,508 |
-1,159 | ||
Recreation and Heritage |
34,621 |
34,621 |
- | ||
1,441,381 |
1,430,808 |
-10,573 | |||
Cash Limit £000 |
Revised Budget £000 |
Variation £000 | |||
Non cash-limited expenditure |
|||||
Flood protection levies |
532 |
547 |
15 | ||
Capital financing charges (including interest on balances) |
40,470 |
32,974 |
-7496 | ||
Revenue contributions to capital |
39,647 |
39,647 |
- | ||
Specific grant |
-811,824 |
-811,824 |
- | ||
Area based grant |
-64,743 |
-64,743 |
- | ||
Inflation and central contingencies |
2,362 |
-331 |
-2893 | ||
Transfer to / (from) earmarked reserves: |
|||||
As per adjusted budget |
-2,963 |
-2,963 |
|||
Carry forward of planned service underspendings |
10,573 |
||||
645,062 |
634,688 |
-10,374 | |||
3 |
Analysis of main variations |
|
£000 | ||
Planned service underspendings (£10,573,000) carried forward within earmarked reserves to 2009/10 |
- | |
Higher flood protection levies |
15 | |
Reduced waste management contract costs forecast as a result of lower waste volumes and more inventive use of energy recovery facilities |
-3,000 | |
Capital financing charges - lower interest rates and slippage |
-5,408 | |
Additional interest on balances net of lower interest rates |
-2,088 | |
Higher business rates than budgeted |
107 | |
-10,374 |