High Level Revenue and Capital Budget Monitoring Report 2012 ...
High Level Revenue and Capital Budget Monitoring Report 2012 ...
High Level Revenue and Capital Budget Monitoring Report 2012 ...
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CHIDRENS SERVICES DEPARTMENT1. Variance by Departmental DivisionRevised<strong>Budget</strong>Quarter 1VarianceQuarter 2VarianceQuarter 1Departmental Division£000s £000s £000sTri-Borough Education Service 6,731 (289) (200)Family Services 33,990 (28) 200Children’s Commissioning 7,618 59 0Finance & Resources 7,243 258 0Dedicated School Grant & Schools213 0 0FundingEmployee Lead Mutual 158 0 0Total 55,953 0 02. Variance Analysis of Significant ItemsDepartmentalDivisionTri-BoroughEducationServiceVariance£000s(289)FamilyServices(28)Children’sCommissioning59Finance &Resource258DedicatedSchool Grant &Schools0FundingEmployee LeadMutual0Total 0Explanation & Action PlansThe favourable variance is due to vacant posts as a resultof tri borough reorganisations still in progress <strong>and</strong> earlydelivery of some <strong>2012</strong>/13 savings.The adverse variance is due IT & legal overspends basedon 11/12 rates & current pro-rata’d spend to date.
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