August 4th, 2012 |
Why Is Car Park Income
Down? Below Prediction?
Update: we got this one a bit wrong- so we are amending what’s below and will do a separate update on this….
There’s a mixture of good and bad news in the latest financial report to the District Council. You can download it here. (732kb)
The good news is that:
Income from planning application fees is forecast to be £113,000 above original budget with additional income expected following the Government’s announcement of a 15% increase in planning fees from the Autumn ; this is the first increase since 2008.
Spending on housing people in bed and breakfast accommodation is forecast to be below original budget by about £80,000.
We’ve got an extra bonus of £216,000 for recycling. But this is a bonus payment that we won’t get in future years.
Savings of around £50,000 will be made on the IT contract, this is because inflation is lower than budgeted for.
The bad news is that:
Despite now charging for parking at the Freight House, income from pay and display machines is forecast to be £117,000 below original target.
Income from car park season tickets is also expected to be below original budget by £80,000.
Income from Building Control charges is forecast to be £85,000 below original budget.
Income from Land Charges is forecast to be £40,000 below original budget.
So for this year the council’s finances look okay, thanks partly to residents’ good work on recycling…..