High Level Revenue and Capital Budget Monitoring Report 2012 ...

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DepartmentalDivisionParking BaySuspensionTowaways /RemovalsVariance£000s(438)493Expenditure (509)Total 183Explanation & Action PlansA continued high level of income from parking baysuspensions means they are forecast to be better thanbudget. This is due to an increase in price in 2010 and anincrease in the volume of suspensions.A 45% reduction in the volume of vehicles being towed, ascompared to the same period last year, has resulted in aforecast of £493k less than budget. The use of tow-awayhas been greatly reduced as a matter of policy (as it isincreasingly difficult to justify) with members’ agreement.The forecast spend on cash collection and removals is£145k more than budget, offset by an underspend due tovacancies in parking enforcement and office posts.CCTV enforcement posts are not expected to be filled untilOctober, but the full year’s budget has been madeavailable.
1. Variance by Departmental DivisionCENTRALLY MANAGED BUDGETSRevisedBudgetQuarter 1VarianceQuarter 2VarianceQuarter 1Departmental Division£000s £000s £000sPensions/ Redundancy 10,714 0 0Corporate & Democratic Core 6,093 (150) (63)Housing and Council Tax Benefits 469 0 0Net Cost of Borrowing 6,206 0 0Levies 1,716 (120) (120)Other Corporate Items (Includes8,625 (390) (400)Contingencies, Insurance, Land Charges)Total 33,823 (660) (583)2. Variance Analysis of Significant ItemsDepartmental Variance Explanation & Action PlansDivision£000sPensions/ 0RedundancyCorporate &Democratic Core(150) This underspend is due to reduced External Auditfees.Housing and 0Council TaxBenefitsNet Cost of 0BorrowingLevies (120) Expected increase in Pension Fund Levy notrealised.Other CorporateItems (IncludesContingencies,(390) Expected over achievement of Land chargesincome of (841k) as compared to a budget of(£451k).Insurance, LandCharges)Total (660)
Page 1 and 2: London Borough of Hammersmith & Ful
Page 3 and 4: udget. The underspend in the Commis
Page 5 and 6: Table 5 - 2012/13 to 2015/16 Genera
Page 7 and 8: APPENDIX 1:DEPARTMENTAL ANALYSIS -
Page 9 and 10: UNACCOMPAINED ASYLUM SEEKING CHILDR
Page 11 and 12: FINANCE AND CORPORATE SERVICES1. Va
Page 13 and 14: TRANSPORT & TECHNICAL SERVICES DEPA
Page 15: CONTROLLED PARKING ACCOUNTS (CPA)1.
Page 19 and 20: DepartmentalDivisionRegenerationSaf
Page 21 and 22: APPENDICES 3, 4, 5, & 6CAPITAL BUDG
Page 23 and 24: General Fund: Children’s Services
Page 25 and 26: General Fund: Environment, Leisure
Page 27: Housing Capital Programme (HRA) App

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