TREASURER’S BUDGET MONITORING REPORT: FINANCIAL YEAR 2004/05

SUMMARY:

(1) Revenue monitoring report for the period 1st April 2004 to 31st March 2005 (Appendix 1 - PDF, 10kb)

The report shows the expected outturn for 2004/05, based on expenditure and income recorded to 31st March 2005. The final Revenue outturn figures will be presented at the next meeting of the Resources Committee.

(2) Capital monitoring report for the period 1st April 2004 to 31st March 2005 (Appendix 2 - PDF, 10kb)

Provisional expenditure incurred to 31st March 2005 on capital projects is reported against the Approved Capital Programme.

Expenditure on the new Headquarters building up to 31st March 2005 was £389k of the £750k programmed. New capital borrowing in 2004/05 has been restricted to £1.1m to mitigate the effect of the additional borrowing which will become necessary in 2005/06 to finance the balance of the project at the approved increased contract value. A revised 2005/06 to 2007/08 Capital Programme and Prudential Indicator forecast will be presented for approval at the next meeting of the Resources Committee.

The remainder of the 2004/05 capital expenditure on minor works, equipment and vehicles has been financed, after applying in-year capital receipts and planned contributions, from available Revenue resources.

IMPLICATIONS:

OPERATIONAL RISK	None
COMMUNITY RISK	None
TRAINING	None
H.R	None
FINANCE	see SUMMARY
EQUALITY & DIVERSITY	None
HEALTH & SAFETY	None
LEGAL	None