COPY
ITEM CG9
CABINET –
PROVISIONAL
REVENUE & CAPITAL OUTTURN 2006/07
Report by Head of
Finance & Procurement
Introduction
1.
This report
presents the provisional revenue (Part 1) and capital (Part 2) outturn and
identifies variations of actual result against budgets in 2006/07. Figures shown in the report reflect those
included in the Council’s Statement of Accounts 2006/07, which is to be
submitted to the Audit Committee on
2.
The provisional outturn for the Council
shows general balances of £22.933m; an increase of some £7.0m compared to the
last report to Members, which was based upon the period to the end of
February. The £22.9m incorporates the
receipt of £0.965m of Local Authority Business Growth Incentive grant (LABGI),
the allocation of which in 2007/08 has been recommended by Cabinet to Council
for approval and the receipt of £2.744m of Performance Reward Grant which will
be applied in 2007/08. When these two
elements are taken into consideration, the “free” balances taken forward into
2007/08 reduce to £19.224m – an increase of some £4.2m on the February
projection. The reasons for this
improvement are highlighted in paragraphs 47 and 50.
3.
The detail for each Directorate is summarised
within the report and individual reports for each Directorate are available in
the Members Resource centre. The
following Annexes are attached:
Annex 1 Directorate
Provisional Revenue Outturn – Summary and by Directorate
Annex 2(a) Directorate carry forward
proposals
Annex 2(b) Virement of 2006/07
carry forwards to other budget heads
Annex 2(c) Three year analysis
of significant underspends (does not include overspends)
Annex 3 Virements and
Supplementary estimates in 2006/07
Annex 4 Specific Grants
Monitoring
Annex 5 Earmarked Reserves
Annex 6 General Revenue
Balances Provisional Outturn
Annex 7 On-Street Parking
Account – Statement of Income and
Expenditure
for 2006/07
Annex 8 Unit cost and
activity monitoring
Annex 9 Provisional
Capital Outturn
PART 1 – PROVISIONAL REVENUE OUTTURN
Directorate Outturn
4.
The provisional
revenue outturn by Directorates is detailed in Annex 1 and shows an under spend
of £0.918m against the latest Directorate budgets. In order to provide a more accurate
measurement of Directorate budgetary performance, this figure needs to be
adjusted to reflect that:
(i)
within the overall
£0.918m underspend are a number of year-end variances on budget heads which, by
convention, are funded from balances because they are deemed to be outside the
direct control of Directorates – this year a net overspend of £0.216m. Taking these into account produces a
Directorate underspend of £1.134m;
(ii)
the net cost of schools reorganisation - £2.533m –
needs to be ‘rolled forward’ into 2007/08, reflecting the payback arrangements
around this issue. Taking this cost out of the year-end perspective produces an
underlying Directorate underspend of £3.667m – or 1.2% of the final budget.
5.
This analysis is further rehearsed below and
set out in Annex 1. With effect from
Returned
to Council (Annex 1 Column 10)
6.
These variations are excluded from
Directorate carry forwards because they represent variations to budgets which
are recognised under the Council’s budget management arrangements, to be
outside the control of the Directorate and are therefore funded from balances.
7.
The following variations are drawn from
balances in 2006/07 (a minus sign indicates an underspend to be returned to
balances and a positive figure represents an overspend to be drawn from
balances):
8.
These transfers are reflected in the
additions to and calls on balances as set out in Annex 6. Changes since the last monitoring report are
also highlighted in the Annex.
Directorate
Variations
9.
After deducting variations outside Directorates’
control, the net underspend (excluding the City Schools planned reorganisation)
is £3.667m. This compares to a forecast
under spend of £1.072m as reported in the most recent monthly monitoring based on
the period to the end of February 2007, a change of £2.595m. The movement in the forecast position is
summarised below by Directorate, with explanations of major variances for each
Directorate given in the subsequent paragraphs (a minus sign represents a
balance to be carried forward and a positive figure represents an overspend).
Directorate:
Children, Young People & Families
10.
The net overspend for the Children, Young
People & Families Directorate is £2.893m compared to £3.344m as reported in
the February 2007 monitoring report and detailed below. There are amounts recoverable in future years
totalling £2.768m; - £2.533m
of this relates to the planned repayment of the City Schools' reorganisation
and £0.235m to the variation in transport days within the Home to School
Transport Service. Excluding these
amounts gives an in-year overspend of £0.125m, of which £0.516m relates to the
Dedicated Schools Grant (paragraph 16). The movement in the forecast position is summarised below (a minus sign
represents a balance to be carried forward and a positive figure represents an
overspend also to be carried forward):
11.
The increase in the
underspend from £0.548m to £0.956m within the Children and Young People
service relates principally to an increase (£0.086m) in the underspend for the
Transport budget. The remainder of the
changes relate to a number of additional underspends reported at outturn,
which, although individually small, are spread across a number of budgets.
These have arisen through a combination of project slippage and confirmation of
the final position on volatile budgets (which by their very nature are
difficult to forecast during the course of the year).
12.
Within the Early Years and Family Support
service the overspend at outturn is £1.255m compared
to a forecast of £1.308m at the end of February, the reduction arising from a
number of small underspends. The five
main areas of overspend are Agency Placements £0.425m, Asylum Seekers £0.652m
(including the overspend of £0.361m on the Leaving
Care budget), Legal Fees £0.162m, Children’s Homes £0.145m and Support to
Schools and Settings £0.178m.
13.
Of the increase in the Educational
Effectiveness underspend, £0.176m relates to Standards Fund Grant matched
funding. The total underspend on
Standards Fund is £0.496m (£0.213m Primary Strategy and £0.283m Secondary Strategy),
which can be spent up to
14.
The remainder of the increase in the
Educational Effectiveness underspend (£0.282m) relates to the generation of
additional income through Oxfordshire Quality Schools Association (OQSA) and
efficiency savings £0.080m. A £0.200m
underspend relates to slippage on individual projects within Curriculum
Learning & Inclusion.
15.
The overall year-end variance within the
Strategy and Performance service is an overspend of
£0.348m. This is a combination of an overspend of £0.516m on the Dedicated Schools Grant (DSG)
(as the central element of the grant is held within this service) and an
underspend of £0.168m on non-DSG budgets. The overspend on the DSG is detailed in
paragraph 16. In the February monthly
monitoring report an overspend of £0.136m was forecast
for the Strategy & Performance service; the year-end position is an
underspend of £0.168m. Of the movement,
£0.291m relates to an underspend in respect of the
Children’s Integrated Information Programme that has arisen due to slippage in
the work supporting a nationally driven project.
16.
The final allocation of DSG for 2006/07 was
lower than originally notified (and incorporated as part of the 2006/07 budget
setting process for schools) by £0.516m due to the incorporation of the Early
Years census and issues with pupil data matching. This situation was replicated in many
authorities. As part of the post formula
review, changes have been made to the verification process surrounding pupil
number submissions. This overspend has
been carried forward against the central budget and will be the first call on
this budget in 2007/08. The overspend has been taken into account in calculating the
schools formula allocation in 2007/08, providing sufficient funding for the
central budget to meet the overspend.
17.
After deducting the planned overspend of
£2.533m relating to City Schools the overspend on
non-delegated schools budget is £0.256m. This is primarily made up of an underspend of
£0.296m on the Schools Contingency budget for repairs and maintenance and an
overspend of £0.524m relating to additional structural repairs and maintenance
costs incurred in 2006/07 on the Repair and Maintenance budget within this
service. The Schools contingency budget
was established to provide a central fund to meet repairs and maintenance. As no virement was requested during the year
to match budget to spend the carry forward proposals incorporate a virement
request of £0.296m from Schools Contingency to offset part of the overspend on
Repair and Maintenance leaving an overspend of £0.228m to be carried forward on
the capitalised repairs and maintenance budget which will be reflected in the
development of the programme of works for 2007/08.
Directorate:
Social & Community Services
18.
The net underspend for this Directorate
(excluding Supporting People) is £0.748m, compared to a forecast underspend of
£0.132m reported in the most recent monthly monitoring report, an increase in
underspend of £0.616m. There is no
variation on the Supporting People budget. The movement in the forecast position is summarised below (a minus sign
represents a balance to be carried forward and a positive figure represents an
overspend also to be carried forward):
19.
The increase in the Cultural Services and
Adult Learning underspend is primarily due to an improvement of £0.105m within
the Music Service relating to additional income.
20.
The Social Care for Adults underspend has
increased from £0.198m to £0.362m, a net movement of £0.164m. This represents a combination of a £0.439m
increase in residential and nursing income relating to Older People, from
clients in the Orders of St John (OSJ) homes as final income figures are
returned. This is offset by an
additional £0.372m charge to expenditure as the S117 provision in the balance
sheet is increased so that it is sufficient to meet the claims forecast for
2007/08 for Mental Health care once cases have been fully assessed and the
liability for care costs determined.
21.
Other less significant changes reported
within the Social Care for Adults service are improved positions within Learning
Disabilities internal day services (£0.107m), and Adult Placement Services
(£0.071m) as offset by an increase in the underachievement of Fairer Charging
Income (£0.138m).
22.
Within the Partnership and Planning service
£0.278m of the increase in underspend is due to slippage on spend for vehicles
(adapted for clients) and £0.090m of Modernisation Funding received in 2006/07
where spending will be incurred in 2007/08 for Internal Day Services for year 2
of the programme.
23.
Within the pooled budget for Older People,
Physical Disabilities and Equipment a repayment of £0.687m to the Social &
Community Services reserve was made at the year-end. This reserve was created as part of the
2006/07 budget to meet internal pressures and external cost pressures from the
Health Sector. This transfer was
possible as the budget provision, earmarked for the increased revenue costs of
the OSJ contract has not been needed due to slippage on the Homes for Older
People Strategy (HOPS) Capital programme. Within the Learning Disabilities pooled budget a repayment of £0.150m
was also made to this reserve as final expenditure was lower than that
predicted in the February monitoring report.
Directorate:
Environment & Economy
24.
The net underspend for the Directorate is
£1.405m. This compares to a forecast
underspend of £1.542m as reported in the February financial monitoring report,
a decrease of £0.137m. The movement in
the forecast position is summarised below (a minus sign represents a balance to
be carried forward and a positive figure represents an overspend):
25.
Within the Transport service the key changes
in the forecast relate to a change in the funding assumptions for a bridges
project (to be funded from capital rather than revenue). Within Sustainable Development, £0.158m of
the £0.160m movement relates to Waste Management, and relates to a number of
areas. The movement in forecast outturn
for Business Support relates to Property and Legal services recharges received
in excess of the amounts previously forecast.
Directorate: Community Safety
26.
After deducting variations outside the
Directorate’s control the net underspend for this Directorate is £0.480m. This compares to a forecast underspend of
£0.278m as reported in the most recent financial monitoring report based on the
period to the end of February 2007, a change of £0.202m. The movement in the forecast position is
summarised below (a minus sign represents a balance to be carried forward and a
positive figure represents an overspend to be carried forward):
27.
There are a number of small changes
amounting to £0.083m in the variation to £0.361m for the Fire & Rescue
Service. The underspend of £0.090m for
the Youth Offending Service and £0.030m for the Safer Communities Unit relate
to slippage on committed project expenditure.
Directorate:
Resources & Chief Executive’s Office
28.
After deducting variations outside this
Directorate’s control, the net underspend is £1.394m. This compares to a forecast overspend of
£0.069m as reported in the last financial monitoring report, a decrease of
£1.463m. The movement in the forecast
position is summarised below (a minus sign represents a balance to be carried
forward and a positive figure represents an overspend also to be carried
forward):
29.
Within ICT the forecast in February assumed
that servers for the Data Centre totalling £0.426m would be delivered in
March. Delivery and installation for
approximately half this equipment slipped into 2007/08 and there was also
slippage on other projects. This is
partially offset by the forecast underspend of £0.383m on Project Link falling
to £0.292m. It is proposed that this
carry forward will transfer along with the budget to Social & Community
Services in 2007/08.
30.
The Property Services overspend in February
included £0.083m in respect of the
31.
The Property budget has historically been
difficult to forecast accurately and this has been made more complicated this
year with the split between school and other properties. School repair and maintenance is now part of
the Dedicated Schools Grant funding and is held within Children, Young People
& Families but managed by Property Services. The change in forecast has also arisen from:
·
£0.467m of structural repair and maintenance
has been capitalised at the year-end. By
capitalising structural repair and maintenance, a revenue/capital switch for
the equivalent amount will enable efficiency savings on the property
consultancy contract to be transferred to the revenue budget. The final figure of £0.467m in 2006/07 was
higher than expected and the budgeted saving of £0.335m.
·
Slippage has arisen as the Prudential programme of backlog maintenance is putting
pressure on the delivery of the non-Prudential planned maintenance programme.
32.
A planned overspend on the SAP
Revitalisation Project has been forecast throughout the year, but the final
overspend of £0.160m is lower than forecast due to slippage on project streams
in particular SAP integration.
33.
The increase in the
underspend recorded by the Chief Executive’s office is a combination of
relatively small changes in underspends across a number of areas. The Initiatives Fund has a balance of £0.082m
which will be available for projects and general pressures and of the Scrutiny
budget underspend £0.018m will be used to fund the commitment for a research
assistant, the remainder for future review work.
Carry Forward Arrangements
34.
Under the Council’s Financial Regulations, the
Cabinet is responsible for approving all carry forwards and will, as for last
year, look carefully at the allocation of carry forwards to consider whether previous
patterns of spending indicate that carry forwards will be used in 2007/08 or
whether they should be withheld in order to strengthen Council balances and
enable resources to be allocated to areas where there is a need for spending in
the next financial year. Annex 2(c) provides a comparison of outturn positions
over the last three years for areas where there has been significant under
spending.
35.
Directorates are required to carry forward all
overspends to be recovered in the following year with the exception of certain
budgets deemed to be outside the control of Directors which are a call on
balances. Underspends may be carried forward subject to Directors providing the
Cabinet with an explanation of the reasons for the
underspends and stating the case for the application of the resources in
the following year. Explanations have been requested for all proposed carry
forward of underspends of £0.050m or over, in order to focus on material
items. Directorates can propose
application of carry forwards to the service in which they were generated or
request a virement of the carry forward in 2007/08 to meet pressures in other
areas.
36.
Details of Directorate
variations and proposed carry-forwards are set out in Annex 2(a). Proposed
virements of 2006/07 carry-forwards to different budget heads are set out in
columns 6 and 7 of Annex 2(a) and at Annex 2(b).
Virements and Supplementary Estimates in 2006/07
37.
Annex 3 details changes from the original estimate
approved by Council in February 2006, highlighting new virements and
supplementary estimates since the February monitoring report.
Bad Debt Write Off
38.
In accordance with procedures, the Cabinet receives
notification of the total value of SAP debts written off each quarter. For the quarter ended
Specific Grants Monitoring
39.
Details of Government grants received in
2006/07 and associated expenditure are set out at Annex 4.
Earmarked Reserves
40.
Details of earmarked reserves held by
Directorates are detailed in Annex 5 and the movement on balances in 2006/07
are summarised below:
Directorate: Children, Young People &
Families
41.
Within the Schools delegated budgets there
has been an overall increase of £1.757m between the opening and closing
balances for total schools’ reserves (both revenue and capital reserves). Schools’ revenue reserves (net of School
Loans) have changed from £8.111m to £7.754m, a reduction of £0.357m. The Capital Reserves have increased from
£7.471m to £9.585m There have, however, been
significant changes in balances for each sector with Primary and Special school
reserves both increasing and Secondary reserves falling. The increase arises mainly due to the ability
to spend Standards Fund allocations up to the end of the academic year on 31
August. There has been a net overall
increase in the other reserves within this Directorate (set out in Annex 4).
Directorate: Social & Community Services
42.
Within Social & Community Services, the
original recovery plan for Adult Learning anticipated that all of the £0.699m
reserve would be required to offset revenue overspends in 2006/07, however
savings within expenditure and additional income has led to a lower than
forecast draw down. Uncertainties
surrounding the Learning & Skills Council grant for 2007/08 means that the
reserves may be required to support the service.
Directorate: Environment & Economy
43.
Within Environment & Economy the
On-Street Parking revenue surplus for 2006/07 was £0.360m. The accumulated surplus at
Directorate: Resources & Chief Executive’s
Office
44.
The balance on the Modernisation Fund has
been moved into a reserve to be applied in future years in accordance with the
agreed terms for use of the Fund.
45.
A reserve was set up at the start of the
year to provide temporary funding for the Shared Services project using a
temporary cash surplus in the capital programme. Actual spend in 2006/07 was significantly
less than the original business case due to delays in acquiring suitable
premises. An amount of £1.453m was drawn
down against the reserve in the year leaving £2.771m to be carried forward to
2007/08.
Corporate Reserves
46.
A transfer of £0.687 from the Older People,
Physical Disabilities and Equipment pooled budget and £0.150m from the learning
Disabilities pooled budget has been made to the Social & Community Services
Emergency Reserve at the year end (Paragraph 23). The remainder of the changes reflect an
increase of £1.57m on the Capital Reserve to £6.649m and a decrease of £2.355m
to £2.914m on the Insurance reserve which is further commented upon below.
Insurance Reserve Surplus
47.
On the
48.
Whilst the valuation report was not received
until late May, the scale of the resulting adjustment requires that this be
recognised in the 2006/07 final accounts - as a ‘post-balance sheet
event’. To provide consistency between
this report and the final accounts, this late adjustment is accordingly
incorporated in the provisional outturn perspective.
Strategic Measures
49.
The provisional outturn for Strategic
Measures shows a surplus of £3.221m compared to the £3.0m surplus reported to
Cabinet in April.
50.
Cabinet was asked to agree to the formation
of a £1.0m provision from the surplus to smooth the anticipated impact of the
Statement of Recommended Practice (SORP) on debt restructuring activity in
future years. This issue is still under
discussion with the external auditor and it is therefore recommended that at
this point, this proposal is not actioned - although
the Council may wish to re-examine this issue in the future. Instead, this sum, plus the £0.221m not
previously declared, will be added to balances at
51.
The Council undertook a significant amount
of debt restructuring during 2006/07, generating net discounts of £0.618m. There would have been a net premium on the
balance sheet at
Efficiency Savings
52.
The Annual Efficiency Statement (AES) system
requires all Local Authorities to meet efficiency
targets that are broadly 2.5% of their 2004/05 adjusted budgets each year up to
2007/08. Oxfordshire's first target was
to find £8.140m of savings in 2005/06, with a further £8.062m in 2006/07 and
£8.102m in 2007/08 - giving a total of £24.304m of AES savings by the end of
the three-year period. At least half of
the target (£4.070m in 2005/06, £4.031m in 2006/07 and £4.051m in 2007/08) must
be cash releasing AES savings - where cash can be released from service
budgets without affecting service outputs and quality.
53.
A 'backward looking' AES return for 2006/07
must be made to the Government by
54.
Two Directorates have reported difficulties
in achieving savings during 2006/07. Within Children, Young People & Families savings attributable to
Asylum Seekers and the Residential service were unachievable due to funding arrangements
relating to Asylum Seekers and the demands of the Residential service. Within Social & Community Services 80%
of the efficiency savings target has been achieved. Of the unachieved savings £0.750m relates to
Fairer Charging Income where gains from working with partnership organisations
have been much lower than originally envisaged. The other significant shortfall relates to Home Support where savings of
£0.250m associated with the installation of assistive technology in clients’
homes has not been achieved in 2006/07 partly due to delays in letting the
contract and partly due to difficulties in tracking the extent to which the
technology has resulted in savings in care costs. In some cases alternative savings have been
found where the original saving was unachievable.
BVPI8
55.
BVPI8 measures the
percentage of undisputed invoices paid within 30 days of receipt. Performance against the target contributes to
the Council’s Comprehensive Performance Assessment and is monitored throughout
the year from information generated within SAP, the Council’s financial
management system. The Council’s target
for 2006/07 was for 95% of invoices to be paid within 30 days of receipt and
the table below shows the performance for March 2007 and the cumulative for the
year.
General
Revenue Balances
56.
There have been a number of changes
affecting the Council’s general balances during the year. These have been reported as part of the
monthly financial monitoring and are shown in full at Annex 6. The provisional outturn position for general
reserves is £22.933m (net of the City Schools overspend) as at 31 March 2007,
although when the planned application of LABGI and Performance Reward Grant
(PRG) in 2007/08 is taken into account, the Council’s free balances going
forward into 2007/08 is £19.224m. The
main factors contributing to the improved position from that reported in
February’s monitoring report are the release of £1m from Strategic Measure as
highlighted in paragraph 50 and the confirmation of a surplus on the Insurance
reserve of £2.821m paragraph 47.
57.
The changes in the forecast general balances
since the February financial monitoring report to arrive at the provisional
outturn position are shown below:
58.
This analysis includes those items defined
in paragraph 6 as being funded from balances because they are deemed to be
outside of Directorates’ control – although a number of them have already been
reported in the February monitoring figures.
59.
The Cabinet is asked to approve additional
calls on balances of £0.037m in relation to the Coroners Service and overspends
of £0.009m on non-domestic rates (both of which are included in the table
above).
60.
The carried forward overspend on the City
Schools Reorganisation now stands at £2.533m. This is being repaid on an annual reducing balance basis until 2012 from
the savings resulting from the reorganisation.
Conclusion
61.
The Council’s general balances position
reflects a substantial improvement compared to the year-end forecast at the point
the 2007/08 budget was set, although the major element in this improvement has
been the impact of the May 2007 Insurance Fund revaluation reflected herein.
62.
The Directorate carry forward position
stands at £3.667m (net of City Schools), an increase of £2.595m from the
projections in the February financial monitoring report. This compares to a carry forward position of
£3.020m (net of
PART – 2 CAPITAL
63.
The Provisional Capital Outturn summary at
Annex 9 shows an underspend of £7.1m compared to a capital programme of £93m as
identified in the February Monthly Financial Monitoring report to Cabinet on 17
April 2007.
64.
The main areas of underspending are in the Children, Young People & Families programme (£4.9m), Social
& Community Services (£1.9m) and Environment & Economy (£1.2m). These underspends are offset by an overspend
(£1.2m) on Resources. These areas are
considered further below:
Directorate: Children, Young People & Families
65.
The main reason for the
underspend of £4.9m relates to slippage on a number of schemes across
the programme, the most significant of which is £0.8m on minor works.
Directorate: Social & Community Services
66.
The main reason for the
underspend of £1.9m is slippage on the HOPS externalisation project
(£0.7m) and Bicester HOPS project (£0.8m).
Directorate: Environment & Economy
67.
The main reasons for the underspend of £1.2m
are improved settlements on projects at Banbury Hennef Way (£0.5m), Didcot Milton Heights Phase 2 (£0.5m) and Bicester Skimmingdish Lane (£0.2m) i.e. – these projects have been
delivered at a lower cost.
Directorate: Resources
68.
The main reasons for the
overspend of £1.2m are due to the capitalisation of ICT hardware and software
costs (£1.8m) resulting from the virement between Property and ICT, offset by
slippage on various projects. A revenue
contribution of £0.8m has been made from the ICT budget towards the capitalised
hardware and software costs to show a net £1m position.
69.
A contribution from the revenue budget of
£1.508m was agreed as part of the 2006/07 budget to provide additional funding
for capital project. This contribution
was not required to fund the capital programme in 2006/07 and so has been
transferred to the Council Reserve for use in future years.
70.
In the course of the capital closedown the
opportunity was identified to make a series of adjustments between capital and
revenue totalling £3.645m capitalising some structural maintenance expenditure.
These adjustments were as follows:
(a)
Cabinet approved a permanent virement of
£1.0m between Property and ICT at its meeting on
(b)
Cabinet agreed in principle a
revenue/capital switch on
(c)
In order to effect savings in the Mouchel Parkman contract a
capital/revenue switch totalling £0.467m has been made between Capital &
Property Services.
(d)
The 2006/07 capital surpluses
of £2.930m arising from the Homes for Older People Programme has been
used to make a contribution to the revenue budget to meet the increased cost of
the HOPS contract.
71.
In addition a further £3.590m of structural maintenance was capitalised
as specified in the SORP. This is funded
by a revenue contribution to capital.
72.
In accordance with the SORP some £0.246m of
receipts from the sale of assets/ restructure covenants were credited to
revenue rather than the capital receipts account. This reflected receipts below £0.010m and
restrictive covenants that were not capital related.
73. These receipts would
normally be used to fund the capital programme so a revenue contribution of
£0.246m has been made to the capital programme to reflect this position.
RECOMMENDATIONS
73.
The Cabinet is RECOMMENDED to:
(a)
note
the provisional revenue and capital outturn set out in the report;
(b)
approve
the Directorate carry-forwards as set out in annex 2(a), including the virement
of carried forward underspends to other budget heads in 2006/07 as set out in
annex 2(b);
(c)
approve
the use of balances to meet the overspend
of £0.009m on non-domestic rates (paragraph 59);
(d)
approve
the use of balances to meet £0.037m overspend on the Coroners Service
(paragraph 59);
(e)
agree
that the surplus in the On-Street Parking Account at the end of the 2006/07
financial year, so far as not applied to particular eligible purposes in
accordance with Section 55(4) of the Road Traffic Regulation Act 1984, be
carried forward in the account to the 207/08 financial year (paragraph 43);
and,
(f)
rescind the approval given to the formation of a £1.0m provision from the Strategic
Measures surplus in respect of debt restructuring (paragraph 50).
SUE
SCANE
Head
of Finance & Procurement
Corporate
Core
Background papers: Directorate
reports
Contact Officers: Ken
Bell, Assistant Head of Finance (Services) (part 1), Tel: 01865 815411
Mike
Petty, Strategic Financial Manager - Capital and
Strategy (Financial Planning) (part 2), Tel: 01865 815622
June
2007
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