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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 £4.623 million have been made bringing the current approved cash budget to £15.390 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 can be found below.

In addition the department has identified 8 emerging issues that may affect to the council’s overall financial position:

  • The Look Out – potential - £0.060 million additional income from catering function
  • The Look Out - net car parking budget projections are that income will exceed expenditure above budgeted expectations by -£0.030 million
  • Head of Planning – anticipate -£0.060 million additional CIL income above budget
  • Monitoring of Streetworks – projected -£0.060 million of streetwork permit scheme income in excess of budget.
  • Head of Planning – 6 planning appeals potentially costing £0.075 million
  • Development Control – pressure on income £0.225 million
  • Local Development Framework - budget is insufficient to meet commitments to deliver the framework resulting in an anticipated pressure of £0.080 million
  • Parks and Countryside - income generated from hay cutting is anticipated to exceed budget by £0.050 million

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 further funding has been received bringing the total budget to £23.947 million as follows:

  • S106 - £0.252 million
    • 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
    • £0.386 million from the DfT
    • £1.8 million from TV LEP for A3095 improvement scheme
    • £0.110 million from Taylor Wimpey for Broad Lane Road Surface Treatments
  • Revenue contribution of £0.025 million for South Hill Park foot paths

The department currently anticipates around 55% 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 can be found below.

2019 to 2020 fees and charges

There is one change to report to the departments fees and charges.

Land charges

Fee for ‘Additional parcels and garages’ has increased from £23.60 to £28 (inclusive of VAT) to make sure of recovery of cost of service.