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Central directorates quarterly service report - budget position

Revenue budget

The original cash budget for the department was £10.767 million. Net transfers of £4.526 million have been made bringing the current approved cash budget to £15.293 million, in addition non-cash budget virements of £4.792 million have been made as a result of departmental restructures.

A detailed analysis of the budget changes and variances this quarter are available in the documents below.

In addition, the department has identified 5 emerging issues that may affect to the council’s overall financial position:

  • The Lookout – potential - £0.060 million additional income from catering function
  • Head of Planning – anticipate - £0.075 million additional CIL income above budget
  • Monitoring of Streetworks – projected - £0.050 million of streetwork permit scheme income in excess of budget
  • Head of Planning – 6 planning appeals potentially costing £0.075 million
  • Building Control – pressure on income £0.040 million
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Capital budget

The committee’s capital budget for the year was set at £12.805 million. This included £5.105 million of externally funded schemes.

In addition to a carry forward of £8.579 million, the following funding has been received:

  • further S106 funding of £0.252 million has been received
    • Binfield Community Centre - £0.061 million
    • Wykery Copse - £0.057 million
    • The Parks pitch works - £0.130 million
    • Farley Wood - £0.004 million
  • external funding of £0.386 million from the Department for Transport
  • a revenue contribution of £0.025 million for South Hill Park footpaths

This brings the total budget to £22.047 million.

The department currently anticipates around 61% of the total approved budget to be spent by the end of the financial year. A detailed list of schemes together with their approved budget and forecast spend is available in the document below.

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File Capital budget monitoring report73.62 KB