Committee: Sussex Downs Conservation Board Agenda Item No. 17

Date: 7 July 2000

Title of Report: Outturn Expenditure for 1999/2000

By: Treasurer to the Board

Purpose of Report: To inform the Board of the 1999/2000 expenditure position

 

RECOMMENDATION:

The Board is asked to note the outturn expenditure and accept the Draft revenue account and balance sheet subject to audit for the financial year 1999/2000.

 

 

1. THE BOARD’S EXPENDITURE FOR 1999/2000

1.1 The draft revenue account and balance sheet for the Board for 1999/2000 have been prepared. The figures are subject to audit and form part of the annual report.

1.2 The net result is an underspend on the Board’s activities in 1999/2000 of £143,100. This was generated in part by the planned underspend and in part to the greater than anticipated contribution from partners which offset expenditure on New Bid 1. When combined with the £40,600 reserve brought forward from 1998/99 this brings the Board’s total managed underspend at 31st March 2000 to £183,700. Members will recall in setting the Board’s 2000/2001 budget, this reserve was taken into account.

1.3 The accounts have been prepared in the new format reflecting project expenditure and the 1998/99 figures have been recast in the same format to allow proper comparison. The draft accounts for 1999/2000 are attached to this report.

2. EXPENDITURE

2.1 The net expenditure for the year after deducting trading income was £1,265,800. The figures include £55,700 expenditure on the Ouse Valley and Rother Valley "self-funded" projects.

3. FUNDING

3.1 The total funds available for 1999/2000 were £1,449,500 which includes the £40,600 reserve brought forward from 1998/99. This figure assumes that the grant claims submitted to the Countryside Agency (formerly Countryside Commission) are approved without any deduction. Any shortfall would have to be absorbed in the current year’s budget.

 

4. CONCLUSION

4.1 The outturn position of the Board in 1999/2000 shows an expenditure underspend on the year’s activities of £143,100 subject to audit. The Board has a total reserve carried forward at 31 March 2000 of £183,700 which will be available to the Board in the 2000/2001 budget. The planned carry forward has been taken into account in planning the Board’s 2000/2001 budget expenditure including the need to meet the planned reduction in the Countryside Agency’s funding.

 

 

 

 

 

J R HOWES

Treasurer to the Board

29 June 2000

 

 

Contact Officer: Sandra Schofield 01273 481908

Background Papers: SDCB/Budget Files 1999/2000