The Charter Trustees for Scarborough

 

15 December 2023

 

Finance Report

 

Report of the Responsible Finance Officer

 

1.0       PURPOSE OF REPORT

 

1.1       To inform the Charter Trustees of the in-year budget position to the end of November 2023 – month 8 of 2023-24

 

 

2.0       SUMMARY

 

2.1       The Charter Trustees are asked to note the expenditure incurred to the end of November 2023.

 

3.0       BACKGROUND        

 

3.1       This is the first year of the Scarborough Charter Trustees and the initial budget was set as part of North Yorkshire Council’s overall budget process, with a special expense added to the council tax charge for residents in the area covered by the Charter Trustees. A breakdown of the budget is set out at Appendix 1.

3.2       The total budget set for the year is £20,980.72

3.3       This report presents expenditure incurred to the end of November 2023.

4.0       EXPENDITURE AGAINST BUDGET

4.1       As at the end of September a total of £ 14,152.45 has been expended – in summary:

Summary

Budget

 

£

Spend to Sept 2023

£

Comments

Events

1,415.00

1,414.05

Refreshments for the Armed Forces Day flag raising

Allowances

600.00

600.00

 

Officer Support

17,540.72

11,693.81

8 months charges from NYC

Other/General

1,425.00

444.59

Includes ACTT Subscription and incoming mayoral photos

 

 

 

 

Total

20,980.72

14,152.45

 

 

4.2       There are no matters to raise on this expenditure although it should be noted that the events budget is now fully spent.

 

5.0       ALTERNATIVE OPTIONS CONSIDERED

 

5.1       N/A

 

6.0       FINANCIAL IMPLICATIONS

 

6.1       As set out above.

 

7.0       LEGAL IMPLICATIONS

 

7.1       There are no legal implications.

 

8.0       EQUALITIES IMPLICATIONS

 

8.1       There are no equalities implications.

 

9.0       CLIMATE CHANGE IMPLICATIONS

 

9.1       There are no climate change implications.

 

10.0     REASONS FOR RECOMMENDATIONS

 

10.1     To inform the Charter Trustees of the in-year budget position to the end of November 2023 – month 8 of 2023-24

 

11.0

RECOMMENDATION

 

 

i)              That the Charter Trustees note the expenditure incurred to the end of November 2023.

 

 

 

 

            APPENDICES:

 

            Appendix 1 – Annual Budget 2023-24

           

 

BACKGROUND DOCUMENTS:

None.

 

 

Karen Iveson (RFO)

Assistant Director Resources

County Hall

Northallerton

 

30 November 2023

 

Report Author – Karen Iveson