BUDGET MONITOR 2008/09

1.Revenue Budget

The monitoring position at the end of June 2008 shows a revenue underspend of £884,000(0.1%) against the latest approved budget of £617.831million. An analysis of variations in the forecast revenue outturn are listed below and more detail of the council’s most high risk/volatile budgets is provided in Appendix 1.

Overspends / Planned
Under-
Spends / Unplanned Under-spends / Net Variances
£000 / £000 / £000 / £000
CSF Education Non-Schools / 159 / (300) / (141)
CSF Children’s Services / 2,273 / (600) / 1,673
CSF Cultural Services / 46 / (200) / (154)
Adult Care Services / 2,354 / (1,576) / 778
Environment / 300 / 300
Fire & Rescue / 60 / 60
Trading Standards / 0
Emergency Planning / 0
Coroners / 0
Registration / 0
Resources Portfolio (Corporate) / 0
Central Items / (3,400) / (3,400)
Totals at 30/06/08 / 5,192 / (1,100) / (4,976) / (884)

2.Efficiencies

The latest (June) forecast of cashable efficiency savings for 2008/09 is set out in the below table:

Planned
£’000 / Latest Forecast
£’000 / Difference
£’000
Adult Care Services / 10,262 / 9,862 / (400)
Crime and Drug Strategy / 200 / 200
Fire and Rescue / 250 / 250
Children’s Services / 325 / 325
Non school education / 2,459 / 2,459
Libraries, Culture & Learning / 206 / 206
Environment / 2,813 / 2,813
Resources (Corporate Services) / 1,726 / 1,726
Registration, Emergency Planning & Trading Standards / 69 / 69
Total / 18,310 / 17,910 / (400)

£400,000 of savings included in the 2008/09 budget and in the Medium Term Efficiencies Plan are not expected to be achieved. These relate to the Individual Budgets for Older People within the ACS savings. Individual budget pilot schemes were set up From October 2007 and expanded in January 2008. However, insufficient information was gleaned from these pilots to roll out individual budgets throughout the county from 1 April 2008. The introduction of individual budgets across the county has therefore had to be undertaken on a phased basis. As a result, the estimated efficiency saving in 2008/09 has been reduced from £2.0 million to £1.6 million. The saving in 2009/10 and future years is still estimated to be £2.5 million.

The current projected “Value for Money savings” for 2008/09 are £13.694 million. This is £400,000 lower than originally forecast for the reason outlined above and represents a shortfall of £6.435 million against the new Value for Money target of 3%.

3.Capital Budget

Projected capital spending for 2008/09 is estimated to be £1.5 million below the latest budget at outturn as shown in the table below.

Service / LAB / Forecast Outturn / Forecast Variance
£'000 / £'000 / £'000
Education & Children's Services / 93,766 / 92,266 / (1,500)
Libraries, Culture and Learning / 4,774 / 4,774 / 0
Adult Care / 16,069 / 16,069 / 0
Environment & Transport / 61,718 / 61,718 / 0
Community Safety: Fire & Rescue Service / 5,403 / 5,403 / 0
Community Safety: Trading Standards & Registration / 178 / 178 / 0
Resources / 21,668 / 21,668 / 0
Projected Capex on Disposals / 2,500 / 2,500 / 0
TOTAL / 206,076 / 204,576 / (1,500)

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ADULT CARE SERVICES HIGH RISK BUDGETS

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CHILDREN, SCHOOLS & FAMILIES HIGH RISK BUDGETS

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ENVIRONMENT, FIRE & RESCUE, CORPORATE SERVICES & PROPERTY HIGH RISK BUDGETS

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