Agenda - pdf - Selby District Council

1. Introduction and background
1.1 This is the 1 st 2011/12 budget exception report and provides details of
the Core, Access Selby and Community Selby General Fund (GF),
and Housing Revenue Account (HRA) expenditure and income
variations for the financial year 2011/12 and where appropriate
remedial action.
2. The Report
Budget Exceptions
Revenue
2.1 Appendix A presents a summary of the financial position of the
Council based upon income and expenditure to September 2011,
identifies variances between budgets and actuals for the 1 st half year,
and forecasts variances for the full year to 31 March 2012.
2.2 The full year forecast for the General Fund currently shows an
estimated saving of £69k:
General Fund
Budget
£000’s
Forecast Full
Year variance
£000’s
Core 3,555 0
Access Selby 6,365 (69)
Communities Selby 270 0
10,190 (69)
The HRA full year forecast saving is £84k:
HRA
Budget
£000’s
Forecast Full
Year variance
£000’s
Core 2,459 0
Access Selby (2,459) (84)
Communities Selby 0 0
0 (84)
2.3 In accordance with the ‘shadow budget’ approved by Council on 1
March 2011, for this first year of operation any Access Selby ‘profits’
will be retained in an earmarked ‘SDV’ reserve.
2.4 There are a number of cost and income pressures which officers are
managing within budget (such as the impact of inflation on the street
scene and leisure contracts, rising energy prices and reduced
income). These pressures are currently being mitigated by salary
savings from frozen and vacant posts – further details are set out in
Appendix B.
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