PAPER B

RESOURCES SELECT COMMITTEE – 23 OCTOBER 2003

BUDGET MONITORING REPORT AS AT END OF SEPTEMBER 2003

REPORT OF THE CHIEF FINANCIAL OFFICER

SUMMARY / PURPOSE

This report sets out the budget and spending position on both revenue and capital for the services within this Committee’s remit, as at the end of September. The figures do not include budgets that are controlled elsewhere than the service concerned. These are monitored by the Committee which bears responsibility for the item concerned.

REVENUE EXPENDITURE

The report summarises gross expenditure, income and net expenditure to date against budget as shown at appendix 1. Expenditure and income to date are also expressed in percentage terms compared to budgets. The current variance, which compares the net budget with the net expenditure to date, is also shown. In order to provide more meaningful information, commitments have been included with the expenditure to date. Under-spent budgets from the previous financial year have been carried-forward into the current financial year and are included in budgets where relevant.

For most services the spend to date is within budget, and there are no significant variances or pressures to report at present although at the current level of activity, the Land Charge income target will not be achieved.

CAPITAL EXPENDITURE

Expenditure against each scheme is shown at appendix 2.

POLICIES AND STRATEGIES

The services included within this report are linked to a number of the Council’s key strategic objectives, specifically in raising standards of achievement, encouraging learning and promoting opportunities for all, developing the knowledge and skills needed for employment opportunities, supporting and developing Council staff and managing the Council’s property and other resources efficiently and effectively.

CONSULTATION

No specific consultation has been undertaken in the production of this report. However, a number of the capital projects and services included within the report will have been the subject of consultation with a range of external agencies and members of the public.

CRIME AND DISORDER

There are no direct crime and disorder issues arising from the production of this report.

PERFORMANCE INDICATORS

There are no direct implications for performance indicators arising from the production of this report. However, clearly there will be implications for future performance measures and indicators arising from the information contained within the report, specifically any cost based indicators, but also the outcomes arising from the services and projects to which this report refers.

Contact Point: Andrew Carpenter telephone 823641

e-mail: [email protected]

PAUL WILKINSON

Chief Financial Officer