Central directorates quarterly service report - budget position
The information on this page relates to quarter 3, 2019 to 2020.
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
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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 further funding has been received bringing the total budget to £23.947 million as follows:
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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
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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.
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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.