TREASURER’S BUDGET MONITORING REPORT FOR THE FINANCIAL YEAR 2006/07

(1) Revenue monitoring report for the period 1st April to 30th June 2006
(Appendix 1 - 13.5kb)

The report compares expenditure to date with the 2006/07 Approved Budget, profiled for 3 months. Expenditure to date includes actual expenditure recorded on the financial ledger and known commitments, but excludes the arrears of pay due from 1st April to 30th June resulting from the increases recently approved for uniformed and non-uniformed personnel (Rank to Role and Job/Pay Evaluation).

On this basis, a current underspend of £608k (1.5% of budget) and excess pensions expenditure to date of £394k combine to give the net underspend of £214k shown by the report. The final deficit against budget on firefighters’ pensions will be funded by a transfer from the Elective Pensioners Provision at the end of the year.

(2) Capital monitoring report for the period 1st April to 30th June 2006
(Appendix 2 - 10.4kb)

The report summarises the expenditure and financing of capital projects to date in comparison with the Approved Capital Programme.