PAPER B1

Committee: EXECUTIVE

Date: 5 NOVEMBER 2002

Title: BUDGET MONITOR

REPORT OF THE PORTFOLIO HOLDER FOR RESOURCES

SUMMARY/PURPOSE

1. This report provides members with an overview of the current year’s revenue spending to the end of September and a full list of capital projects and spend for the same period.

2. Members are asked to note in particular the capital programme pressures mentioned below.

REVENUE SPENDING (Appendix A)

3. Revenue spending to date is largely in line with budget expectations. Some small pressures and savings to be identified ought to be manageable within service cash limits.

4. A number of areas of potential difficulty are being kept under regular review:

· Highway maintenance, where the planned capitalisation of £609k may be difficult to achieve in full due to problems in identifying eligible capital expenditure charged to revenue in the first instance

· The APT&C pay award has been settled both for this year and next year via staged increases. The impact in the current year is approximately £200k in excess of the 3% provided in the budget, of which 90% is non-schools. In line with normal practice, any increases beyond amounts provided within service budgets in the current financial year must be met from savings within existing cash limits. The full cost of the award will be included in the draft budget for next year as part of service cash limits.

· The Firefighters’ eventual pay award will cost approximately £13k for each 1% by which it exceeds the 3% provided in the budget. Any deductions from the pay of striking firemen will be passed to the Government, in return for meeting the costs of military assistance. Other consequential costs of the dispute will probably fall on existing service cash limits.

· The projected Pop Festival deficit has been a first call on Wight Leisure reserves, but this will still leave a deficit of over £200k to be financed from savings or reserves.

· Net spending on housing benefits in the last financial year was over budget by £271k. It is thought that part of the variance is one-off, but that an underlying increase in demand amounting to about £150k will result in an overspend in the current year, again to be financed from savings or reserves.

· The Council has underwritten the rental of Enterprise House which could result in payments of £135,000 per annum until a new tenant is found.

CAPITAL SPENDING (Appendix B)

5. A list of capital spending against budget on a scheme by scheme basis is shown at appendix B.

6. This year’s programme relies on the generation of £1.85 millions of new useable capital receipts, but this is unlikely to be achieved. The latest estimate provides for just £600k of new receipts, leaving an over-commitment on capital of £1.25 millions. It will be necessary to manage this potential overspend either by withdrawing a number of approved items, or by planned slippage.

7. The reduced availability of capital receipts is likely to be a continuing trend, so the pressure on future years’ allocations is likely to increase even without managed slippage from the current year. Top-slicing of the Single Capital Pot will be a major consideration in the formulation of next year’s capital programme.

RISK MANAGEMENT

8. Deviation of service and financial plans from those expressed in the budget is a key risk facing all councils, and can potentially lead to service disruption if not dealt with. The financial monitoring process, of which this report is a part, ensures that this risk is continuously monitored, and that necessary action is identified and delivered.

RECOMMENDATION

9. That the budget monitor be noted

10. That Directors’ recommendations on managing the capital programme over commitment be considered at a future meeting

BACKGROUND PAPERS

Council publication - Budget 2002-03

Contact point: John Pulsford, (823601

J PULFORD Strategic Director Finance and Information and County Treasurer

R R BARRY Portfolio Holder for Resources

Appendix A

Summary Revenue Budget Monitor

Education & Community Development
Education	On target
Community Development	On target
Parks, Beaches and Esplanades	On target, subject to resolution of minor budget adjustments
Leisure	Estimated deficit on Music Festival £330,000, assuming £50,000 outstanding sponsorship is recovered. Offset by £129,000 from Wight Leisure Reserves, leaving £201,000 still to find. Loss of Wight Leisure reserves may result in budget pressures in other parts of the budget.
Tourism	On target
Corporate & Environment Services
Legal and Democratic Services	On target, land searches anticipated to produce a surplus at the year end
Property Services	Potential deficits on Allotments (c£5,000) and Newport Market income generation (c£25,000)
Personnel & Training	On target
Policy & Communications	On target
Best Value & Select Committee Support	On target
Economic Development	On target
Planning Policy, Countryside	On target
Development Control	14% increase in fees from 1 April, DC manager still cautious about possibility of increased revenue, however appears to be accruing well
Building Control	Income generation progressing well, seems unlikely to repeat last year’s shortfall (£40,000). Also potential salary savings in the short term
Highways & Transportation	£25,000 saving on grounds maintenance contract to be resolved. The current year’s budget strategy assumes £609,000 capitalisation of highway maintenance expenditure – may not be deliverable in full, and will require a reduction in revenue spending to match any shortfall. Car parks income accruing well. Staffing issues and impact of future staffing structure to be resolved
Cleansing Operations, Transport Fleet	Currently well beneath the budget due to late submission of invoices on, particularly, waste management and street cleansing contracts
Coastal Management	On target, however income sources need to be continually reviewed to ensure overall target is achieved
Finance & Information
Financial & Business Services	On target
Information Technology	On target
Consumer Protection	On target
Social Services & Housing
Social Services	It is anticipated that the unexpected loss of £148k of Promoting Independence grant can be contained within the existing cash limit
Housing	On target
Fire & Emergency Planning
Fire & Rescue	On target, before resolution of the current firefighters’ pay dispute
Emergency Planning	On target

		Spent £	Budget £	Budget Left £
ECONOMIC DEVELOPMENT TOURISM PLANNING LEISURE
Tourism
8NC1	Refurbishment of TICs	0	20000	20000
		0	20000	20000
Sports & Recreation
8GJH	Medina - Replace Heat Pumps / Air Handling	0	22400	22400
8GR9	Heights - New Filter System for Spa Pool	0	2000	2000
8GT1	Browns - Floodlighting	4000	4000	0
8GT2	Shanklin Esplanade - Floodlighting	0	4500	4500
8GT5	Heights - Health & Safety Works	4276	6815	2539
8GU1	Heights - Chemical Store	0	15000	15000
8GU2	Medina Pool - Heating	0	25000	25000
8GU4	Waterside Pool - Tiling	0	30000	30000
8GU6	Waterside Pool - Pump	4999	5000	1
8GU7	Waterside Pool - Hoist	0	8000	8000
8GUA	Westridge - Tone Zone	0	90000	90000
		13275	212715	199440
Other Amenities
8GK5	Public Shelters - Improvements	0	12734	12734
8GU3	Ryde Harbour - Dredging	164657	162050	-2607
8GU5	Shanklin Lift - Health & Safety 2002-03	28938	31285	2347
8GU8	Northwood House - Access	0	12000	12000
8GU9	Northwood House - Catering	0	8000	8000
		193595	226069	32474
Committee Total		206870	458784	251914
EDUCATION AND COMMUNITY DEVELOPMENT
Primary Education
8AFA	St Boniface CEP Basic EBN Extension (1998/00)	84	0	-84	(1)
8AHK	Northwood Primary Alterations & Extensions	36922	40000	3078
8AHU	Shanklin Primary - Main Car Park Extension	200	0	-200	(1)
8AHZ	Love Lane Primary - Replace Classroom Block	88282	142584	54302
8AJ1	Bembridge CP Extend Existing Classrooms	-1006	1112	2118
8AJ2	St Helens Office Extension	8087	64410	56323
8AJ4	Broadlea CP Physiotherapy / Hygiene Unit	69	9459	9390
8AK1	Arreton Primary - Enlarge Hall	67880	76650	8770
8AK3	Gurnard Primary - Increase Office & Admin	765	50000	49235
8AK4	Haylands Primary - Music Adaption	65307	47385	-17922	(3)
8AK6	Summerfields Extend Existing Classrooms	34168	36095	1927
8AK8	Chale ICT Accommodation	20775	60000	39225
8AK9	Gatten & Lake - Classroom Conversion	85230	69000	-16230	(2)
8MC5	Godshill CP - Classroom Extension (ICSI)	2554	0	-2554	(1)
8MC6	St.Marys RCP - Classroom Expansion (ICSI)	4506	0	-4506	(1)
		413823	596695	182872
Middle Schools
8BC1	Minor Works	31443	132587	101144
8BC5	Sandham CM Extension to 5FE (1999/2002)	425	924	499	(1)
8BD7	Somerton Middle - Remodel Practical Accomm	14405	166780	152375
8BE1	Forelands Middle - Improve Circulation	295803	336911	41108
8BE2	Kitbridge Middle Phase 1 Extension	420445	317115	-103330	(3)
8BF1	Downside Middle Enlarge Staff Room	946	30000	29054
8BF2	Sandham Middle External Walkway	97609	75000	-22609	(3)
8BF3	Ventnor Middle Staff Room	0	70000	70000
8BF4	Swanmore Middle - Removal of Mobiles	0	50000	50000
8BF5	Mayfield Science Remodelling	0	40000	40000
8BTR	Trinity Middle - PE Gym & Chair Store	5518	7366	1848
		866594	1226683	360089
High Schools
8CBF	Cowes High Increased 6th Form Accomn (1999/01	12265	0	-12265	(1)
8CBH	Ryde High Increased 6th Form Accom (1999/02)	250468	181816	-68652	(2)
8CD3	Carisbrooke High - Replace Art Block	357	12152	11795
8CD5	Medina High - Science Lab. Refurbishment II	90529	110627	20098
8CD9	Sandown High - In School Inclusion Centre	0	65543	65543
8CDC	Ryde High - Language Block (Part Funded)	3332	26297	22965
8CF2	Cowes High - Science Labs / ICT Mobile	125000	208166	83166
8CF3	Ryde High - Remodelling Music & Drama	0	300000	300000
8MHF	Ryde High - Upgrade West Block (NDS4)	3058	0	-3058	(1)
8MHG	Sandown High - Upgrade West Block (NDS4)	3786	0	-3786	(1)
8MHH	Sandown High - Upgrade South Block (NDS4)	3448	0	-3448	(1)
		492243	904601	412358
8DD1	Medina House Adaptations for SLD	50038	197000	146962
8DD2	Watergate School - Development for SLD	26379	503000	476621
		76417	700000	623583
8DVC	Education - Devolved Capital Summary	351580	1698095	1346515
8ER0	Other Education Iwcc Staff	0	44600	44600
8EXK	Mobiles 2001/02	96	0	-96	(1)
8EZ1	Double Mobiles for Rising Rolls	93743	269247	175504
8EZ2	Nursery Improvements	3676	100000	96324
8EZ3	Special Needs	36277	178608	142331
8EZ4	Furniture & Equipment General	12824	231972	219148
8EZ6	Learning Support Units	0	64298	64298
8EZ7	Safety Work in Kitchens	47006	40000	-7006
8EZ8	Playing Fields - Stabilisation & Drainage	16504	40000	23496
8EZ9	IT - Licences Maintenance and Development	213185	334999	121814
8EZA	Information Management Systems - Schools	0	13700	13700
8EZB	Information Management Systems - LEA	0	13716	13716
8EZL	School Security Initiative	3485	60000	56515
8EZM	Laptops for Teachers	160387	161095	708
8EZV	Adult Learning - Premises Improvements	-18654	0	18654
8EZW	Staff Workspaces	9000	46117	37117
8MEE	Medina High Environment	87141	150000	62859
8MGM	Condition Capital - General Maintenance	48200	128655	80455
8MSM	Condition Capital - Specific Maintenance	5468	115737	110269
8MXX	Education Fair Funding - Summary	148393	360637	212244
		1218311	4051476	2833165
Community Development
8GT6	Ventnor Botanic Gardens - Health & Safety	3669	6016	2347
8KXA	Library Refurbishment	1080	75000	73920
		4749	81016	76267
Committee Total		3072137	7560471	4488334
ENVIRONMENT AND TRANSPORT
Coast Protection
8PH2	Bonchurch / Niton Landslide Monitoring	14779	15000	221
8PM3	Castlehaven (Phase 2)	0	0	0
8PM9	Wheelers Bay CProt & Slope Stab -1998/99	99551	0	-99551
8PMK	IW Coast Shoreline Management Plan	0	0	0
8PMP	Seaview Duver Road	78766	0	-78766
8PN0	Ventnor Harbour - SRB/C.Protection	38695	0	-38695
8PN1	Castle Haven - Detailed Design Studies 96/97	104516	0	-104516
8PNJ	Bembridge Frontage Beach Management Plan	0	0	0
8PNK	Sandown Bay Beach Management Plan	0	0	0
8PR1	North East Coastal Strategy Study	1577	0	-1577
8PR3	Sandown Bay Coastal Strategy Study	16917	0	-16917
8PR5	West Wight Coastal Defence Strategy Study	34441	0	-34441
		389242	15000	-374242
Harbours
8PGC	Newport Harbour - Port Marine Safety Study	0	5625	5625
8PH1	Folly Moorings - Newport	0	20000	20000
		0	25625	25625
Principal Road Maintenance
8H10	01/02/03 A3055 High St / Church St Niton	0	20583	20583
8H12	01/02/03 B3323 Shorwell Road (Rains Grove)	3398	3398	0
8H19	01/02/03 High Street Newport	0	2625	2625
8H1C	01/02/03 A3055 Sandown Road Lake	34	73057	73023
8H1X	01/02/03 A3055 Park Avenue Ventnor	6638	10223	3585
8H2W	01/02/03 Surface Dressing - Other Roads	1456	0	-1456
8H4L	01/02/03 Thin Surfacing (2002)	7689	3268	-4421
8H50	A3054 RTNSC - Carriageway Mtce (Inc A-Skid)	783847	897500	113653
8H51	A3054 RTNSC - Footway Mtce (Inc T-Paving)	125420	201100	75680
8H52	A3054 RTNSC - Street Lighting	33650	50000	16350
8H53	A3054 RTNSC - Wootton Bridge	42711	48000	5289
8H54	A3054 RTNSC - Newport Tunnels Graffiti	1349	6000	4651
8H55	A3054 RTNSC - Binstead Bridge	500	15000	14500
8H60	NTYSC - Yarmouth Bridge carriageway works	6403	80000	73597
8H61	NTYSC - Bettyhaunt Lane	89607	120000	30393
8XA1	Ryde-Newport Strategic Corridor	0	-12600	-12600
8XBK	98/99 - A3055 Military Road Project	16229	1936146	1919917
8XD1	Nport-Yarmouth Strategic Corridor	0	523000	523000
8XP2	00/01/02 A3055 Broadway Sandown - Widening	8	5600	5592
8XP8	00/01/02 A3054 Binstead Hill - Kerb/Drainage	473	3409	2936
8XPA	00/01/02 A3055 IW Pearl to Brook - S.Dressing	0	1500	1500
		1119412	3987809	2868397
Road improvements
8X99	Unallocated Roads Capital	0	-9628	-9628
		0	-9628	-9628
Road Surveys/Investigations
8H6A	Alpine Rd Ventnor	1828	0	-1828
8XT1	Ventnor Ground Investigation	21961	300000	278039
8XU1	Undercliff Drive - Beauchamp House	484874	950000	465126
8XV1	Advance Highway Design for 2003/5	0	150000	150000
		508663	1400000	891337
Minor Works - Maintenance
8H20	01/02/03 B3401 Junction of Betty Haunt Lane	14245	14103	-142
8H21	01/02/03 Station Road St Helens	31	29208	29177
8H23	01/02/03 Ashey Road Ryde North of Ponda Rosa	6657	10000	3343
8H26	01/02/03 Duver Road St Helens	235	30000	29765
8H27	01/02/03 Field Run-Off Islandwide	0	23037	23037
8H28	01/02/03 Castle Road Carisbrooke	630	13133	12503
8H2A	01/02/03 Great Preston Road Ryde (Part)	961	74731	73770
8H2B	01/02/03 Mayfield Road Ryde	0	60000	60000
8H2C	01/02/03 Minerva Road East Cowes	21915	32000	10085
8H2D	01/02/03 Lamorbey Road / James Avenue Lake	56938	60000	3062
8H2E	01/02/03 Duver Road St Helens	122	35000	34878
8H2F	01/02/03 New Road Wootton	0	2300	2300
8H2G	01/02/03 Newnham Lane Binstead (West End)	44281	47500	3219
8H2H	01/02/03 Trafalgar Road Newport	0	13500	13500
8H2J	01/02/03 Union Rd / St Johns Rd / George St	76541	82700	6159
8H2K	01/02/03 Mayfield Road East Cowes	0	10583	10583
8H2L	01/02/03 Rowlands Lane Havenstreet North End	34013	12000	-22013
8H2M	01/02/03 Brocks Copse Road Wootton	106	43606	43500
8H2X	01/02/03 A3054 Binstead Road	380	1594	1214
8H2Y	01/02/03 A3021 Whippingham Road (Brickyards)	5040	5500	460
8H31	01/02/03 Undercliff Drive - Undercliff Glen	4173	4591	418
8H32	01/02/03 Undercliff Drive - The Orchard	1812	0	-1812
8H36	01/02/03 Appley Steps Shanklin	15081	0	-15081
8H38	01/02/03 Bonchurch Shute Carriageway Sealing	0	1491	1491
8H4A	01/02/03 Rural Rights of Way Repairs	51753	46531	-5222
8H4B	01/02/03 Islandwide Carriageway Repairs	26094	31500	5406
8H4D	01/02/03 Chimney Steps Bonchurch	0	15000	15000
8H4E	01/02/03 Gully Road Seaview Retaining Wall	0	15000	15000
8H4F	01/02/03 Lower Alverstone Road Landslip Works	8280	16814	8534
8HIN	Bonchurch Landslide (Funding Unresolved)	900	0	-900
8XE1	Highway Mtce Capitalisation	0	609000	609000
		370188	1340422	970234
Minor Works - Town & Resort Enhancement
8XY1	Newport Pedestrianisation	0	500000	500000
		0	500000	500000
Minor Works - Public Transport
8H08	01/02/03 Study for Bus Priority Measures	38287	18283	-20004
8H09	01/02/03 Bus Shelters	25326	24662	-664
8H1A	01/02/03 Upgrade Bus Stops & Hardstanding	29894	25898	-3996
8H40	Sandown/Shanklin - Park & Ride Facilities	0	4000	4000
8H5A	PTII - Islandwide Bus Routes	180425	200000	19575
8H5B	PTII - Gt Preston Rd Ryde	161	250000	249839
8H5C	PTII - Carpenters Rd St Helens	2113	300000	297887
8H5D	PTII - Melville St Sandown	66594	70000	3406
8H5E	PTII - Mayfield Rd Ryde	0	140000	140000
8XM1	99/00 Bus priority schemes	0	1330	1330
8XM2	00/01/02 Bus/Taxi Shelter South St Newport	4550	5000	450
8XM3	00/01/02 Sandown Rd Lake - Lay-by	1092	17960	16868
8XPF	00/01/02 Park & Ride Cowes - Additional Funds	0	48007	48007
8XPG	00/01/02 Park & Ride Ryde - Additional Funds	176	10171	9995
8XPH	00/01/02 Ryde Interchange - Preliminary Work	13308	0	-13308
8XPJ	00/01/02 Island Rail Study	70	0	-70
8XPK	00/01/02 Bus Priority Measures	71	10084	10013
8XPL	00/01/02 Provision of New Bus Shelters	540	4322	3782
8XZ1	PTransport Infrastructure Impvmts	0	15000	15000
		362607	1144717	782110
Minor Works - Footway Improvements
8H0A	01/02/03 Safe Routes to Schools	2464	0	-2464
8H0B	01/02/03 Pelican Crossings	24858	52819	27961
8H0D	01/02/03 Disabled Dropped Crossings	30748	22152	-8596
8H0E	01/02/03 Pedestrian Signing	9209	14260	5051
8H0F	01/02/03 Pedestrian Footbridges Inspections	0	20000	20000
8H0K	01/02/03 Upgrade Paths to Urban Standard	34232	38921	4689
8H0M	01/02/03 Alverstone Road Apse Heath Footway	4718	3667	-1051
8H0N	01/02/03 Lane End Road Bembridge - Footway	2099	8720	6621
8H0P	01/02/03 Gustars Shute Calbourne - Footway	13392	14368	976
8H0R	01/02/03 Eddington Road St Helens - Footway	4104	63243	59139
8H0S	01/02/03 Pondwell Hill - New Footway	10893	12767	1874
8H0T	01/02/03 Baring Road Cowes (Phase 1)	1083	42494	41411
8H4H	Design - High St Ryde Upgrade Pedest Area	9265	33546	24281
8XMA	99/00 Calthorpes Rd Appley - New Footway	7437	0	-7437
8XME	99/00 Lane End Rd Bembridge - Footway	112	6394	6282
8XW1	Pedestrian Improvements	0	250000	250000
		154616	583351	428735
Playing Fields
8GP2	Parks Recreation Grounds and Open Spaces	82	0	-82
8GR2	Play Areas - Equipment Replacement / Renewal	23122	51499	28377
8GUB	Seashores Parks & Play Area Health & Safety	28098	200000	171902
		51302	251499	200197
Committee Total		2956030	9238795	6282765
FIRE AND PUBLIC SAFETY
Fire Service Capital
8PC1	Fire Fighting Breathing Apparatus	3200	3336	136
8PC2	Provision of Toilet and Shower Facilities	19351	18950	-401
8PX1	Fire Protection Equipment	0	140000	140000
8PX2	Fire House Refurbishment	0	12000	12000
		22351	174286	151935
Committee Total		22351	174286	151935
RESOURCES
Property Services
8KGN	Internal Fees - Property Services	0	195272	195272	(4)
		0	195272	195272
Non-residential Properties
8KVK	Option to Purchase 5 & 6 Market St Ventnor	117200	0	-117200	(5)
8KVT	Ryde Library - Replace Roof Membrane	0	10304	10304
8KVU	Bembridge Library - Replace Windows / Doors	0	3800	3800
8KVW	Tourism HQ - Window Replacement	0	5806	5806
8KVX	The Heights - Replace Water Tanks	0	9055	9055
8KWC	Salisbury Gardens - Phase IV	1491	0	-1491
8KWE	Medina Centre - Replace Curtain Walls	0	10000	10000
8KWH	Cowes Resource Centre Replace Gutters/Pipes	0	5504	5504
8KWK	Seaclose - Resurface Car Park	0	1100	1100
8KWM	Ventnor Cricket Club Project	20000	20000	0
8KX3	Disabled Facilities Act	7506	150000	142494
8KX4	Care Standards Act	0	52000	52000
8KX5	Capital Strategy	0	50000	50000
8KX6	Planned Maintenance Unallocated 2002-03	82675	200000	117325
8KXC	Coastal Management - Salisbury Gardens	65273	0	-65273	(6)
8KXD	Northwood House - Essential Works	55228	120000	64772
8KXG	Accommodation Review - Wight Leisure	513	0	-513	(6)
8KXJ	Accommodation Review - Car Parks / Traffic	190	0	-190	(6)
8KXM	Accommodation Review - Library Headquarters	220	0	-220	(6)
8KXN	Accommodation Review - Financial Services	1560	0	-1560	(6)
		351856	637569	285713
8LD2	Capitalised Salaries	11398	48310	36912
		11398	48310	36912
Committee Total		363254	881151	517897
SOCIAL SERVICES
Adult Services
8TLA	Cs&Dp Act Adapts - General	321	70000	69679
8TGJ	Medina Centre Car Park	0	10765	10765
8TGL	Mental Health - I T Integration (Joint NHS)	2829	18160	15331
		3150	98925	95775
Childrens Services
8THA	Respite Care Home	0	79000	79000
8THB	Mental Health 2002-2004	0	73179	73179
		0	152179	152179
Central Support
8THH	Fire Precautions	0	1685	1685
8TMA	Central Support - Health & Safety	0	10000	10000
8TMB	Central Support - HQ Switchboard	0	13000	13000
8TMC	Central Support - Accommodation Needs	0	30000	30000
8VL0	Social Services Admin Computer Equipment	16717	20000	3283
		16717	74685	57968
Housing
46AD	Renovation Grants	75033	533000	457967
46AH	Disabled Facilities Grants	126839	600000	473161
46AM	Common Parts Grants	0	10000	10000
46AR	HMO Grants	229	25000	24772
46AX	Home Repair Assistance Grants	49958	193000	143042
46H4	IWHA - Oakfield	0	516128	516128
46H5	MHA / WCHA St Johns Road Ryde	41283	42200	917
46H9	Common Housing Register	22103	77843	55740
46J1	SWHA - Josephs Way Shanklin	0	24100	24100
46J2	WCHA / MHA - Love Lane Cowes	548000	548000	0
46J3	SWHA - DIY Shared Ownership	86292	107930	21638
46J4	IWHA - Mother & Baby Unit	0	25000	25000
46J5	WCHA / MHA - Winchester Park Sandown	0	10000	10000
46J6	House Condition Survey	11846	70000	58154
		961583	2782201	1820619
Committee Total		981450	3107990	2126541
Report Total		7602092	21421477	13819386
Narrative for Exceptional Items

1	Residual sums relate to substantive schemes which have been previously completed
2	Contributions from schools yet to be received
3	Expenditure brought forward to be met from agreed three year programme for Education
4	This budget relates to capitalised salaries which are transferred from the revenue account at the end of the financial year.
5	To be funded from Sale of 5 & 6 Market Street Ventnor (£140,000)
6	To be funded through agreed Accommodation Review proposals