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Budget Report to March 2005
Report to: the South East Area Panel
Report of: the Area Co-ordinator
South East Area Panel Financial Monitoring
Discretionary Budget / NRF LAP
1. Purpose of the Report
1.1. The purpose of this report is to:
1.1.1. Inform members of the current position with regard to budget spend.
2. Background
2.1. The Area Panel has a discretionary budget of £10,000.00 p/a to cover the costs of operation of Panel meetings. From this budget it also runs a small community chest. Members agree this budget annually and spending is monitored at Briefing Meetings.
2.2. The S/E Area Panel has a Neighbourhood Renewal Fund (NRF) allocation spent within the principles of the agreed Local Action Plan (LAP). This budget is also monitored regularly by officers and through reports to Briefing meetings.
3. Current Position
3.1. An under spend arose in the discretionary budget because a sum of money allocated towards the printing of the Area Plan was met centrally. This was reallocated to community activity to support environmental improvements and the Yorkshire in Bloom activity.
3.2. The NRF Local Action Plan for 2004 – 05 and 2005 – 06 has been reorganised on a number of occasions to take into account the lack of spending on the Priority Support Project. There are now proposals in place to fully spend the allocation.
3.3. A summary of the spend is set out in appendices at A, B & C.
4. Recommendations
4.1. It is recommended that Members:
4.1.1. Note the content of this report.
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