PAPER C
Environment and Transport
Select Committee
- 4 March
2005
BUDGET MONITORING REPORT AS AT END OF JANUARY 2005
JOINT REPORT OF THE PORTFOLIO HOLDER
FOR SUSTAINABLE DEVELOPMENT, ENVIRONMENT AND PLANNING POLICY AND PORTFOLIO
HOLDER FOR TRANSPORT
REASON FOR SELECT COMMITTEE
CONSIDERATION
This report sets out the budget and
spending position on revenue budgets for the services within this Committee’s
remit, and also the capital programme, as at the end of January 2005. The
figures do not include budgets which are controlled elsewhere than the service
concerned. These are monitored by the Committee which bears overall
responsibility for the costs. (For example, the corporate building maintenance
budget is monitored by the Resources Select Committee, hence the costs are not
shown against the service budgets in Appendix 1).
ACTION REQUIRED BY THE SELECT
COMMITTEE
Members are invited to note
the content of the report.
BACKGROUND
REVENUE EXPENDITURE
The report
details gross expenditure, income and net expenditure to date against budget as
shown at appendix 1. The appendix also shows the
current variance, which compares the net budget with the net expenditure to
date. In order to provide further
information, commitments have been included in a separate column to the
expenditure to date figures, and further columns have been added to show
percentage expenditure and commitment to date against budget, and also
percentage income generated to date against budget. Members will see from the
totals on page 2 of the appendix that some £13.9m has been spent to date,
whereas current commitments amount to £3.1m; in total 88.7% of the budget is
spent and committed at this stage of the financial year. This is not perceived
as a problem as the major commitments include the waste management and street
cleansing contracts, for which expenditure will effectively replace the
commitment as it arises.