Treasurer's Report

PERIOD 6SUMMARY OF FINANCIAL MONITORINGSEPT 2008/09A B C D E FActual Sep08-09BudgetSep 08-09Actual TodateBudget TodateDetailsVarianceA Actual Expenditure for the monthEmployees 26,591 26,816 159,708 160,897 -1,189 321,793 B Budgeted Expenditure for the monthC Actual Expenditure To datePremises Related Expenses 700 3,445 28,376 20,670 7,707 41,339 D Budgeted Expenditure To dateE Variance (D-C)Supplies and Services 5,893 6,762 17,956 40,569 -22,613 81,138 F Annual BudgetAnnualBudgetInternal Charges(LBC) -14,691 -14,691 -88,144 -88,144 0 -176,288Revenue Contribution to Capital outlay 0 0 28,780 0 28,780 0Gross Expenditure 18,494 22,332 146,676 133,991 12,685 267,982Income -2,869 -4,733 -17,776 -28,398 10,622 -56,796Lambeth Contribution 0 -17,599 0 -105,593 105,593 -211,186Support Services Bought In 0 0 0 0 0 0Grand Total 15,625 0 128,900 0 128,900 0Reconciliation of Accounts 128,900Recharges to Lambeth Credited Half Yearly -105,593(6 Months)-105,593 -105,593Current Position23,307 (unfavourable)

PERIOD 6ADJUSTED FINANCIAL MONITORING SUMMARY.PLEASE NOTEAdjustment to the set CIPFA MIS report presentation format has been done following public requestfor a simpler presentation.Elements of budget funding have been profiled evenly over the financial year, however this is not reflective of theactual flow of funds but complies with the matching concept.DetailsActual Sep08-09Budget Sep08-09MonthVarianceActual TodateBudget TodateVarianceAnnualBudgetINCOMEFunding fromLondon Borough of Croydon 14,691 14,691 0 88,144 88,144 0 176,288London Borough of Lambeth 17,599 17,599 0 105,593 105,593 0 211,186Internally generated Income 2,869 4,733 -1,864 17,776 28,398 -10,622 56,796Total income 35,159 37,023 -1,864 211,513 222,135 -10,622 444,270EXPENDITUREEmployee Costs 26,591 26,816 -225 159,708 160,897 -1,189 321,793Premises Related Costs 700 3,445 -2,744 28,376 20,670 7,707 41,339Supplies and Services Costs 5,893 6,762 -869 17,956 40,569 -22,613 81,138Support services bought in 0 0 0 0 0 0 0Total Expenditure 33,184 37,023 -3,838 206,040 222,135 -16,095 444,270Income less Expenditure(Operations) 1,974 0 5,473 0 0Revenue Contribution to Capital outlay 0 0 28,780 0 0Income less expenditure & Cont(Total) 1,974 0 -23,307 0 0

AUDIT COMMISSION RETURNYEAR31st MAR 2005 31st MAR 2006 31st MAR 2007 31st MAR 2008Balances b/fgeneral reserve 195,472 158,696 136,817 138,095195,472 158,696 136,817 138,095Income from taxation and/or levysales 1,893 6,516 3,818 7,435fees and charges 28,662 37,864 35,712 33,95430,555 44,380 39,530 41,389Total other recieptsLBC contribution 156,288 156,288 156,288 166,297LBL contribution 181,186 186,186 211,186 211,186Grants received - 2,345 - -Interest received 8,825 7,181 6,588 6,446346,299 352,000 374,062 383,929Staff costs (288,789) (324,250) (314,182) (320,198)(288,789) (324,250) (314,182) (320,198)Loan interest/capital repayments - - - -- - - -Total other paymentsrunning expenses (82,499) (55,314) (66,912) (65,555)contribution to capital - - (1,959) (28,056)books (42,342) (38,695) (29,261) (35,464)(124,841) (94,009) (98,132) (129,075)Balances carried forward - - - -general reserve 158,696 136,817 138,095 114,140Total cash and cash investments 158,696 136,817 138,095 114,140158,696 136,817 138,095 114,140Total fixed assets and longterm assets 1,048,513 1,070,000 1,044,304 1,046,6641,048,513 1,070,000 1,044,304 1,046,664Total borrowings - - - -- - - -