You can download the District Council’s latest Financial Management Report here.
Here’s an extract:
3 OVERALL FINANCIAL POSITION
3.1 The results to the end of June 2014 indicate that for the General Fund, the year-end position is forecast to meet the original estimate of £10.39m.
3.2 The main factors that are reducing the overall net expenditure are:-
Land Charge income is forecast to be £20,000 above original budget.
Income from pre application planning advice is expected to exceed original budget by about £6,000
3.3 The main factors that are increasing the overall net expenditure are:-
Income from car park pay and display machines is forecast to be about £80,000 below original budget. The original budget included charging for Saturday afternoons, and for the tariff increase to be from April 2014.
Income generated from the newly installed Columbarium is forecast to be around £17,000 below original budget, due to lack of demand.
4 ADDITIONAL FINANCIAL INFORMATION
4.1 The Council’s Allocation Plan is subject to a judicial review. Proceedings are drawing to a conclusion. Costs will be incurred on legal fees and a decision that is unfavourable to the Council could incur additional costs depending on any requirements included in the Court’s decision. The estimated cost will be in the region of £40,000 – £75,000. This will be met from earmarked reserves.
4.2 Following the flooding that happened at the Council’s depot last year, costs for providing temporary accommodation for officers is estimated to be £54,000. This will be covered in the majority by insurance compensation of £49,000. The net cost of £5,000 has been incurred as temporary accommodation was provided longer than needed whilst options for renovating the depot offices are considered.