Csr and Financial Performance

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					                                                                                      ANNEX E
MEDIUM TERM FINANCIAL FORECAST
(AS A SUB-SET OF THE COUNCIL'S CORPORATE PLAN)

FINANCIAL PLAN SUMMARY
                                                                     Financial Year
                                                           2008/09       2009/10       2010/11
                                                               £m             £m           £m
Major Funding Sources
Formula Grant Income                                       134.076       138.879       143.218
Council Tax Income                                          86.515        89.420        92.329
Collection Fund Surplus                                      1.140         2.180         2.220
Fees & Charges                                              40.949        41.799        42.649
Ring Fenced Specific Grants                                124.883       119.759       124.425
Not Ring Fenced Specific Grants                             28.554        40.695        40.785
Sub Total                                                  416.117       432.732       445.626

Major Expected Expenditure Changes
Total Council Expenditure (Funded)                         396.274       416.117       432.732

CSR 2007 National Transfer of Specific Grants to Formula     6.220         0.000         0.000

Staffing
Pay Inflation                                                3.137         3.200         3.300
Employers Pension contributions                              0.194         1.020         1.040
Pay and Rewards                                              1.500         0.000         0.000

Impact of Previous Years' Budget Decisions
Add: one off savings                                         2.210         0.700         0.000
Less: one off costs                                         -2.105         0.000         0.000
Add: On going costs of VERs                                  0.190         0.060         0.000

Prices Inflation
 Contracts                                                   4.077         4.271         4.288
 General                                                     0.195         0.200         0.205
Landfill Tax                                                 0.902         0.902         0.902
YPO Dividend Reduction                                       0.130         0.000         0.000

Capital Programme Funding
Financing Charges of supported borrowing                     0.263         0.220         0.220
Increased contribution to fully fund the BIF                 0.170         0.170         0.170
LIFTCo Phase 1b                                              0.150         0.000         0.000
Edlington & Mexborough PFI Projects                          0.300         0.450         0.000
CCQ                                                          1.500         1.019         0.838

Levying Bodies
SYPTA Levy increase                                          0.490         0.500         0.512
Other Levies - increases                                     0.000         0.060         0.060

Corporate Plan/Service Led Spending Pressures                2.000         2.000         2.000

Additional Expenditure funded by increase in                 3.991         7.017         4.756
specific grants

Planned Income Streams
L.P.S.A. Performance Reward Grant                            0.000         -0.500        0.000
Racecourse JV Co - Rent Income                              -0.050          0.000       -0.055

Minimum Expenditure Requirement                            421.738       437.406       450.968

Cost Reductions Requirement                                 -5.621         -4.674       -5.342

Cost Reductions Identified                                  -5.621         -3.009       -0.315

Balance of Cost Reductions To Be Identified                  0.000         -1.665       -5.027

Net Budget Requirement (all funding sources)               416.117       432.732       445.626

Net Budget Requirement (funded from Formula Grant,
Council Tax & Collection Fund surplus)                     221.731       230.479       237.767

				
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