Organisational Priorities Finance- Revenue Budget Monitoring Original Estimate 31 st March 2014 Forecast Outturn 31 st March 2014 Forecast Under- spend.

Slides:

Advertisements

Similar presentations

Finance Report as at 31 st May 2014 Durham Dales, Easington and Sedgefield Clinical Commissioning Group 1.

Advertisements

NI Executive Budget 2010 Pre-Consultation. Outline Background and Context UK Fiscal Position Implications for NI Budget Way Forward Key Questions.

STAFF BRIEFING PERFORMANCE REPORT AND ACTION PLAN 2012.

Help us to shape our budget for 2013/14 Consultation 13 th December 2012 Keith Thompson Treasurer.

State Budget Update Scott Cummings Virginia Department of Planning and Budget 1.

City of Pittsburgh 2015 Budget and Five-Year Plan September 22,

Economic and Fiscal Review and Outlook. Outline  Purpose  Economic performance  Impact of slower growth  Consolidated fiscal framework  Non-interest.

Police & Crime Commissioner Performance Monitoring Group 2013/14 Quarter 4 20 th May 2014 OPEN AGENDA.

Perspective on Colorado’s Economy and State Budget Office of State Planning and Budgeting Laura Blomquist Economist June 5, 2015.

Ramona Unified School District First Interim Report December 17, 2009.

1 Strategy and Resources Committee - Performance Management Reporting: Quarter 4 Guide to reporting Key Service Priorities 2006/07 Key Service Priorities.

2009 Budget Adjustment Plan: Final Report Finance & Personnel Committee: April 28, 2010.

Background Key Influencing factors Budget Strategy Key issues facing Middlesbrough Central Government Funding Budget (Assumptions) Budget (Projections)

Police & Crime Commissioner Performance Monitoring Group 2013/14 Quarter 3 25 th February 2014.

1 KZN SOCIAL WELFARE AND POPULATION DEVELOPMENT PUBLIC HEARINGS ON CONDITIONAL GRANTS 18 TH JAN 2006.

1 REPORT OF:Joanne Newton DATE OF PAPER:26 June 2013 SUBJECT:Financial Position at 31 st May 2013 IN CASE OF QUERY, PLEASE CONTACTJoanne Newton Joanne.

1 HCC Performance and Finance Monitor 4th Quarter 2010/2011 Policy, Resources & Performance Cabinet Panel: 15 th June 2011.

Buffalo State 2013/14 State Purpose Budget Overview Finance and Management September 20, 2013.

EU's climate change tracking system and support for developing countries Using Country Systems to Manage Climate Change Finance A Global Forum 2-3 December.

BUSINESS PLAN BRIEFING 15 JULY 2011 ST. HELIER TOWN HALL Presented by: SENATOR TERRY LE SUEUR – Chief Minister SENATOR PHILIP OZOUF – Treasury.

International Financial Reporting Standards The views expressed in this presentation are those of the presenter, not necessarily those of the IASC Foundation.

Lina Williams Budget & Financial Analyst Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Tuesday, April 28 th, 2015.

Budget Update January 12, Outline Review of 4-Year Plan as approved by the Board in May 2008 Current Status of the 4-Year Plan –Impact of Downturn.

Portfolio Committee on Appropriations Quarter 1 Expenditure and Performance 24 August 2012 The Presidency Department of Performance Monitoring and Evaluation.

HRA Rent and Budget Setting 2016/17 1. The Housing Revenue Account The Housing Revenue Account (HRA) is a ring fenced account which cannot be subsidised.

The Future of Winchester Part 1: Business Budget Briefing 2016/17 – 2020/21.

Finance & Human Resources Presentation to the Select Committee on Economic and Business Development 27 October 2015.

Presentation to Board June 17, 2008 Presented by: J. A. Sabo, Associate Director – Leading Services & Treasurer of the Board BUDGET York Catholic.

West Midlands PCC Review of Community Safety Funding (CSF) Mark Kenyon, Chief Finance Officer 1.

December 2, 2008 City of Glendale - Finance Department 1 First Quarter Financial Update December 2, 2008.

Best Financial Management Practices for Governmental Issuers As recommended by FITCH Rating Services, GFOA, and the National Association of State Auditors,

Update to NLAG board 22 nd December Sep Jan MCE Workforce and OD Oct Nov Dec IM&T Estates Finance In hospital Model Out of hospital Model Progress.

1 Hampshire Police Authority 20 January /08 Budget Presentation by Head of Financial Accounting.

Albemarle County Public Schools Fiscal Audited Review.

Budget Presentation 2010/2011 – 2013/2014 All Communities 28 January 2010.

Financial performance For the eight months ended 29 February 2016.

1 SCOTTISH POLICE AUTHORITY Finance Report for the 9 Month Period to 31 December 2013.

One Nottingham Lunchtime Learning Public Spending Cuts.

Asset Management and Corporate Landlord Presentation to Overview and Scrutiny Committee 7 July 2010 John Sadler Head of Estates & Asset Management.

Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Lina Williams Budget & Financial Analyst Tuesday, June 7 th 2016.

PSAG mtg 20/03/2015 Finance Alan Grant. 2 PSAG mtg 20/03/2015 Finance Update FY14/15 – February Figures Additional capital funding in January of £63K.

Budget Monitoring - Forecasting Ann Sambrook Education Financial Services EFS.

Second Interim Financial Report

Performance Report Qtr1 2017/18 05 September 2017 SAMPLE IMAGE

Programme Management Board

Programme Management Board

Programme Management Board

ELECTRICITY DISTRIBUTION INDUSTRY DECISION

Budget Process and Timeline

Presentation to the Select Committee on Finance

Finance & Human Resources

City of Inglewood Fiscal Year MID-YEAR BUDGET REVIEW

Presented by Karen Montgomery Assistant City Manager March 3, 2009

Programme Management Board

FY Town Manager Budget Presentation

Trust Board Finance Director’s Update: Month 8 – November 2017

Financial performance Update as at 4 August 2016

Golden Plains Unified School District

Handout 13: Managing budgets

Programme Management Board

First Interim December 13, 2016.

Financial Performance

Octorara Area School District

EU's climate change tracking system and support for developing countries Using Country Systems to Manage Climate Change Finance A Global Forum 2-3.

Berkswell Parish Council

Octorara Area School District

Finance 2017/18 Update Month Ended 31st May 2017

Civilian Secretariat for Police 2013/14 ANNUAL REPORT Analysis

Programme Management Board

Civilian Secretariat for Police

Presentation transcript:

Organisational Priorities Finance- Revenue Budget Monitoring Original Estimate 31 st March 2014 Forecast Outturn 31 st March 2014 Forecast Under- spend 2013/14 Variance (%) £322.4£317.1£5.3m1.6% Forecast underspend for the year on operational activities of £5.3m mainly due to vacancies arising from structural change. Chief Officers have agreed to utilise these vacancy savings to support Ambition 4000 throughout the current CSR. Under-spend position includes re-organisation costs of £3.4m.

Organisational Priorities Finance- Capital Budget Revised Estimate*Revised Budget 2013/14* Forecast Outturn 31 st March 2014 Underspend IT/Technical£5.1m£3.2m£1.9m Estates£12.6m£4.4m£8.2m Fleet£3.9m£3.1m£0.8m Total£21.6m£10.7m£10.9m * includes re-phased projects from 2012/13 The original capital budget of £19.040m contained within the 2013/14 budget report has now been updated to include the re-phasing agreed as part of the 2012/13 closedown process with a resulting budget of £21.6m Total capital expenditure to the end of December 2013 was £6.6m with a forecast outturn to the end of March 2014 of £10.7m. The largest area of underspend relates to the Estate Strategy which has seen some significant change since the original budget was agreed.

Organisational Priorities Finance - Savings Targets SEP savings targets within the 2013/14 MTFS are expected to be exceeded by £5.0m as a result of initiatives originally scheduled for 2014/15 being implemented ahead of plan. Overall targeted savings to the end of 2014/15 anticipated as being achievable in full. The savings targets for 2015/16 and 2016/17 have now been revised to reflect the October CSR with a shortfalls of £17.3m and £16.9m respectively.

Organisational Priorities Finance-– MTFS 2014/15 Budget Report 2014/152015/162016/172017/18TOTAL Budget Shortfall£12.7m£17.3m£16.9m£6.8m£53.7m Savings Identified(£12.7m)--- Savings to be Identified£0.0m£17.3m£16.9m£6.8m£41.0m Funding for 2014/15 has now been confirmed and the shortfall in budget has been addressed through the SEP savings programme and use of the PCSO reserve. On 26 th June 2013 the Government announced plans to make further budget cuts in 2015/16 and 2016/17and indications are that Merseyside Police will be required to save a further £34.2m in 2015/16 and 2016/17.