Draft Medium Term Financial Plan 2002/03 to 2005/06 and Revenue Budget 2002/03

	Draft Medium Term Financial Plan 2002/03 to 2005/06																
																	
		2002/03				2003/04				2004/05				2005/06			
		Budget Forecast	SSA	Variation		Budget Forecast	SSA	Variation		Budget Forecast	SSA	Variation		Budget Forecast	SSA	Variation	
		£'000	£'000	£'000		£'000	£'000	£'000		£'000	£'000	£'000		£'000	£'000	£'000	
																	
	Education	245,608	244,478	1,130		260,066	258,902	1,164		267,868	266,669	1,199		275,904	274,669	1,235	
																	
	Social Services	97,518	85,521	11,997		102,100	91,165	10,935		106,849	93,900	12,949		111,792	96,717	15,075	
																	
	Fire	15,787	15,917	-130		16,390	16,570	-180		17,066	17,067	-1		17,763	17,579	184	
																	
	Highways Maintenance	22,196	22,596	-400		22,931	23,183	-252		23,690	23,878	-188		24,474	24,594	-120	
																	
	EPCS	41,316	31,576			42,297	32,997	9,166		43,816	33,987	9,687		45,130	35,007	9,977	
1																	
	Total Programme Area Expenditure	#####	#####	12,597		#####	#####	20,833		#####	#####	23,646		#####	#####	26,351	
																	
	Capital Financing	18,857	17,869	0		21,834	21,085	749		23,457	23,615	-158		25,524	26,449	-925	
	Contingency/Reserves	1,000		1,000		1,429		1,429		0		0		0		0	
																	
	Budget Requirement/Forecast	#####	#####	13,597		#####	#####	23,011		#####	#####	23,488		#####	#####	25,426	

	Financing																
																	
	Aggregate External Finance																
	Revenue Support Grant	109,324															
	Business Rates	167,889															
	Total	277,213				294,123				304,123				314,767			
																	
	Council Tax (precept)	163,569				171,424				177,123				184,320			
																	
	Council Tax Surpluses	1,500				1,500				1,500				1,500			
																	
	Total Financing 	442,282				467,047				482,746				500,587			

	Council tax Calculation																
																	
	Council Tax Base	224,864				227,113				229,384				231,678			
																	
	Council Tax 	£727				£755				£772				£796		2	

	Council Tax increase	4.0%				3.8%				2.3%				3.0%			
																	
	Budget increase	2.2%				5.6%				3.4%				3.7%			

Table B
Draft Medium Term Financial Plan 2002/03 to 2004/05												
Analysis of Movement												
 												
 					2002/03		2003/04		2004/05		2005/06	
					Total		Total		Total		Total	
					£000		£000		£000		£000	
	Budget / Forecast for previous year				432,825		442,282		467,047		482,746	
		Supplementary Estimate										
	Revised Base Budget				432,825		442,282		467,047		482,746	
												
	Service Transfers											
		Education			-374							
		Other Services			-1,318							
					-1,692							
	Inflation to outturn prices											
		Education			8,772		8,072		7,869		8,036	
		Other Services			5,986		5,304		5,511		5,743	
					14,758		13,376		13,380		13,779	
												
	2000/2001 Policy and Budget Plans											
	Education											
		Growth Available 			1,865		3,531					
		Agreed Policy & Budget Plans			2,297		837		40			
												
	Social Services				-1,304		20					
												
	Environmental				-253		-324					
												
	Public Protection				90							
												
	Cultural Services				347		45					
												
	Strategy & Resources				1,142		-252					
												
					4,184		3,857		40			
												
	Allowed Variations											
		Education										
			Demography		1,305		1,090		655			
			Teachers' Pension Fund		1,156							
			Local Government Superannuation Scheme		268		290		276			
			LSC Income		-17,319							
			Overspend in 2000/01		-1,110							
			Variation to balance to estimated SSA						-988			
			Other		1,706		638		-50			
		Other Services										
			Demography		1,704		1,706		1,757		1,810	
			Landfill Tax		250		250		250			
			Fire Service - Pensions		266		129		185		185	
			Emergency Planning - loss of grant		6							
			County Council Elections		-351							
			Support Services		-873							
			MIS Project		705		12					
			District Audit Fee		107							
			Scrutiny Committees		100							
			Members Allowances		200							
			Rates		-2							
			Office Accommodation		24							
			Composite Sites		1							
			Repair & Maintenance		156							
			Provision for Loss of Countryside Grant		8							
			Central Support Services		78							
			Non-Domestic Rates		6							
			Customer & Client Receipts		-1							
			National Insurance Savings		-105							
			Virgin Agregate Tax		100							
			Other		212		11					
												
					-11,403		4,126		2,085		1,995	
												
	Variation in Strategic Measures				2,386		2,977		1,623		2,067	
												
	Variation in Contingency						929		-929			
												
	Variation in Usage of Reserves and Balances				1,224		-500		-500			

EXPENDITURE FORECAST					442,282		467,047		482,746		500,587	

Table C

Draft Medium Term Financial Plan												
Comparison February 2001 to January 2002												
 												
 					2002/03				2003/04			
					Financial Plan (Feb 01)	Budget Forecast (Jan 02)			Financial Plan (Feb 01)	Budget Forecast (Jan 02)		
							Variation				Variation	
					£000	£000	£000		£000	£000	£000	
												
	Budget / Forecast for previous year				432,825	432,825			458,164	442,282	-15,882	
		Supplementary Estimate										
	Revised Base Budget				432,825	432,825			458,164	442,282	-15,882	
												
	Service Transfers											
		Education				-374	-374					
		Other Services			-645	-1,318	-673					
					-645	-1,692	-1,047					
												
	Inflation to outturn prices											
		Education			7,508	8,772	1,264		7,762	8,072	310	
		Other Services			5,395	5,986	591		5,255	5,304	49	
					12,903	14,758	1,855		13,017	13,376	359	
												
	2000/2001 Policy and Budget Plans											
	Education				5,966	4,162	-1,804		5,937	4,368	-1,569	
												
	Social Services				-1,304	-1,304			18	20	2	
												
	Environmental				-256	-253	3		-324	-324		
												
	Public Protection				89	90	1					
												
	Cultural Services				347	347			45	45		
												
	Strategy & Resources				1,166	1,142	-24		-231	-252	-21	
					6,008	4,184	-1,824		5,445	3,857	-1,588	
												
	Allowed Variations											
		Education										
			Demography		1,495	1,305	-190		1,718	1,090	-628	
			Teachers' Pension Fund		1,023	1,156	133					
			Overspend in 2000/01		-1,110	-1,110				290	290	
			LSC Income			-17,319	-17,319					
			Local Government Superannuation Scheme			268	268					
			Other			1,706	1,706			638	638	
		Other Services										
			Demography		1,778	1,704	-74		1,831	1,706	-125	
			Landfill Tax		250	250			250	250		
			Fire Service - Pensions		269	266	-3		315	129	-186	
			County Council Elections		-351	-351						
			Support Services			-873	-873					
			MIS Project			705	705			12	12	
			District Audit Fee			107	107					
			Scrutiny Committees			100	100					
			Members Allowances			200	200					
			Emergency Planning - loss of grant		6	6						
			Rates			-2	-2					
			Office Accommodation			24	24					
			Composite Sites			1	1					
			Repair & Maintenance			156	156					
			Provision for Loss of Countryside Grant			8	8					
			Central Support Services			78	78					
			Non-Domestic Rates			6	6					
			Customer & Client Receipts			-1	-1					
			Other		8	212	204		11	11		
			Other		14	488	474		11	11		
		Statutory Changes										
			Virgin Aggregate Tax		100	100						
			National Insurance Savings		-95	-105	-10					
					3,373	-11,403	-14,776		4,136	4,126	-10	
												
	Variation in Strategic Measures											
	Capital Financing:											
			Principal		1,033	1,140	107		969	964	-5	
			Interest		1,443	785	-658		1,378	2,013	635	
			Interest on Balances			461	461					
	Variation in Strategic Measures				2,476	2,386	-90		2,347	2,977	630	
												
	Variation in Contingency								929	929		
												
	Variation in Usage of Reserves and Balances											
		Capital Reserve			1,201	1,201			-500	-500		
		Reinstatement of Funds			-712	-712						
		Schools' Balances			-480	-480						
		General Balances			-400	-400						
		ICT Renewals Provision			41	41						
		Public Transport Support			1,574	1,574						
	Variation in Usage of Reserves				1,224	1,224			-500	-500		
		and Balances										
												
EXPENDITURE FORECAST					458,164	442,282	-15,882		483,538	467,047	-16,491	

Table D

The Revenue Budget 2002/03											
											
PROGRAMME AREA		REVENUE BUDGET 2001/02                       (OUTTURN PRICES)		Service Transfers	FULL YEAR EFFECT OF 2001/02 INFLATION	INFLATION TO 2002/03 PRICES 	PREVIOUS YEARS' POLICY CHANGES (2002/03 PRICES)	ALLOWED VARIATIONS (2002/03 PRICES)	DRAFT BUDGET 2002/03 		

									(2002/03 PRICES)		
											
		£000	£000	£000	£000	£000	£000	£000	£000	£000	
											
Education	: Schools		184,585 		85 	6,030 	3,824 	-10,529 		183,995 	
               	: Other		62,548 	-374 	100 	2,557 	338 	-3,556 		61,613 	
Subtotal Education			247,133 	-374 	185 	8,587 	4,162 	-14,085 		245,608 	
Social Services			95,393 	-1,293 	316 	3,139 	-1,304 	1,863 		98,114 	
Environmental			41,351 			1,389 	-253 	505 		42,992 	
Public Protection			17,992 		279 	340 	90 	330 		19,031 	
Cultural Services			9,678 		66 	273 	347 	168 		10,532 	
Strategy & Resources			5,031 	-25 	39 	145 	1,142 	-184 		6,148 	
											
Programme Area Expenditure			416,578 	-1,692 	885 	13,873 	4,184 	-11,403 		422,425 	
											
						STRATEGIC MEASURES					
		7,134 				Capital Financing:-		Principal	8,274 		
		11,613 						Interest	12,398 		
		-2,276 				Interest on Balances			-1,815 		
			16,471 							18,857 	
											
			433,049 			NET EXPENDITURE				441,282 	
											
						CONTRIBUTIONS TO/FROM RESERVES					
		-201 				Capital Reserve			1,000 		
		712 				Reinstatement of Funds					
		400 				General Balances					
		480 				School Balances					
		-41 				ICT Renewals Provision					
		-1,574 				Public Transport Support					
			-224 							1,000 	

			432,825 			DRAFT BUDGET 2001/02				442,282