How we managed resources in 2003/04
Variations from the Approved Budget
For 2003/04 the budget was set at £268.886m and allocated to services as shown on the service variation summary in the following page. All services are closely monitored during the year as part of the continuous budget process. This process highlights any areas where costs may be exceeded or additional income received and provides an early warning to ensure that if necessary appropriate corrective action can be taken. In the main each directorate is expected to meet any unforeseen expenditure by making compensatory savings elsewhere.
The approved budget provided for a £1m contribution to reserves in continuation of the budget strategy of seeking to restore unallocated balances or general reserves to £6m by 2004. The reserves are required to safeguard the council against any unforeseen cost increases. Generally additional expenditure items have been met by reductions achieved elsewhere but once again the city council has seen an increase in spending pressures relating to our Social Services. These pressures have resulted in a projected £1.1m overspend which has been more than offset from a reduction in rateable values on leisure centres, use of an excess in the contingency provision and additional dividend income from Manchester Airport. The net result of these variations will allow an additional £0.5m to be contributed to reserves.
A summary of the major variations is given below: -
Variations from the approved budget 2002/03 to the projected outturn
| Approved Budget 2003/04 | £268.886m |
|---|---|
| Major Variations: | |
| Social Services additional spending pressures | £1.100m |
| NNDR reduction in rateable values on leisure facilities | £(0.965)m |
| Use of contingency funds and provisions | £(0.360)m |
| Anticipated Manchester Airport Dividend | £(0.275)m |
| Increase in Contribution to Reserves | £0.500m |
| Outturn Budget 2003/04 | £268.886m |
Summary of Service Variations in 2003/04
As can be seen from the previous table the city council have managed to meet any additional costs from reductions and increased income in other areas of the budget. The overall impact on service budgets can be seen here (Word document).
Please note that the original budget figures have been adjusted to reflect transfers in service providers and changes in capital charges to services. These transactions have no impact on the overall costs and have been adjusted to provide a meaningful comparison and a true variation.
Next: Salford City Council's spending plans 2004 - 2005
This page was last updated on 29 March 2006
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