Appendix 8

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					                                                                                   Appendix 8


                         Summary Revenue Budget Build 2006/2007

                                                           Detail      Budget        Shortfall
                                                           £000s       £000s          £000s
Summary Position
  Budget Requirement Cabinet 29 November 2005                           302,454           6,937

Impact of the Settlement (Para 6.4)
   New Education Funding                                       2,605      2,605
   New Concessionary Fares Funding                             1,328      1,328
   Transfer of Specific Grants                                 1,010      1,010
   Loss of Specific Grant                                        540        540              540
   Effect of Taxbase Reduction                                   209                         209
   Less - Falling School Rolls                               (2,110)     (2,110)         (2,110)
   Less - Formula Grant compared to MTFP                       1,180                       1,180
                                                                        305,827            6,756

Final Financial Settlement Adjustment (Para 6.4)                                            (69)

Immediate Measures (Para 8.2)
  Apportion Corporate Savings Target                           (296)
  Absorb R & D Pressures                                       (169)
  Absorb F & CS Pressures                                      (300)
  Remove PSA Funded Items                                      (645)
  Use of Uncommitted PSA 1 Funding                             (500)     (1,910)         (1,910)
                                                                        303,917            4,777
Management Team Recommendations (Para 8.3)
  Reduce Children's Services budget excess                     (300)
  Reduce Community Services budget excess                    (2,058)
  Reduce miscellaneous funds eg ICT, etc                       (100)
  Reduce expenditure to match grant reductions                  (50)
  Use PSA 1 reward grant to fund highways schemes              (500)
  Recharge schools true cost of services                        (80)
  Add back car parking additional charges income                 200     (2,888)         (2,888)
                                                                        301,029            1,889
Further Savings and Income Targets (Para 8.4)
   Rationalise older peoples services                          (100)
   Review Guildhall visitor interest and staffing levels       (100)
   Review archives/local studies/museums storage etc.          (100)
   Reduce operational buildings costs                          (100)
   Complete integration of transport services                  (100)      (500)           (500)
                                                                        300,529           1,389

Other measures (Para 8.5)
   Adjust revenue contributions to insurance fund              (200)
   Reduce provision for prudential borrowing                   (200)      (400)           (400)
                                                                        300,129             989

Increase in council tax to 6.3%                                                           (989)

Budget Requirement                                                      300,129                  0
Directorate Budget Build 2006/2007
Directorate Revenue Budget Build 2006/2007



                                                                                  Finance &     Regeneration
                                       Chief         Children's     Community                                   Interest &                        Corporate
Description                                                                       Corporate          &                           Levies                        PSA Funding       Total
                                     Executive        Services       services                                   Financing                       Savings target
                                                                                   Service      Development
                                      £000s            £000s          £000s         £000s          £000s          £000s          £000s              £000s          £000s         £000s

Recast Base Budget 2005/2006               5,223         165,871         55,443       11,931          28,159         16,592               765           (356)          (785)       282,843

Expenditure Changes
  Inflation                                   172          4,983          3,360        3,083             808              0               39                (11)             0      12,434
  Additional Salary Costs                      77            306            667          180             217              0                0                   0             0       1,447
  Current Cost of Service                      61          2,350          2,583          535             746            643               17                367            785       8,087
  Demographics and Legislation                  7          2,713          2,345           35             373            987                0                   0             0       6,460
                                              317         10,352          8,955        3,833           2,144          1,630               56                356            785      28,428
Income Changes
   Fees and Charges                            (9)          (136)         (875)       (2,564)            (20)              0               0                  0             0       (3,604)
   Other Income                                (8)          (505)           277           411           (590)          (472)               0                  0             0         (887)
                                              (17)          (641)         (598)       (2,153)           (610)          (472)               0                  0             0       (4,491)

Directorate Savings                           (45)          (254)         (552)         (363)           (102)                0             0                  0             0       (1,316)

Directorate Requirement                    5,478         175,328         63,248       13,248          29,591         17,750               821                 0             0      305,464

Further Savings Proposals                     (99)          (665)       (1,171)         (657)           (418)                0             0                  0             0       (3,010)

Draft Budget Cabinet 29 November           5,379         174,663         62,077       12,591          29,173         17,750               821                 0             0      302,454

Settlement Adjustments                           0            796         1,249                        1,328                                                                          3,373
Immediate Measures                            (32)          (276)         (271)         (366)          (465)                                                           (500)        (1,910)
Management Team Recommendations                             (430)       (2,058)                        (300)                                            (100)                       (2,888)
Further Savings and Income Targets                                        (300)                                                                         (200)                         (500)
Other Measures                                                                                                         (200)                            (200)                         (400)
                                                                                                                                                                                          0

Excess Over Control Total                  5,347         174,753         60,697       12,225          29,736         17,550               821           (500)          (500)       300,129




                                                                                                                                                                                              Appendix 9

				
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