Appendix 1 – 2023/24 Management Budget

Perth and Kinross Council · 24 April 2024
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2023/24 Previously Movements Virements Movements 2023/24 Projected Variance Variance
Council Approved in in Revised Outturn to to
Approved Adjustments Funding Reserves Mgt Revised Revised
Budget (Net) Budget Mgt Mgt
Budget Budget
£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 %
SECTION 1
Service Budgets
Education & Children's Services 230,985 10,173 25 (644) 240,539 237,778 (2,761) (1.1%)
Communities 70,439 11,268 88 (144) (328) 81,323 81,696 373 0.5%
Corporate & Democratic Services 39,596 1,669 5 (292) 40,978 40,750 (228) (0.6%)
Chief Executive Service 3,712 931 167 4,810 4,883 73 1.5%
Sub - Total: Service Budgets 344,732 24,041 113 (139) (1,097) 367,650 365,107 (2,543) (0.7%)
SECTION 2
Corporate Budgets
Health & Social Care 83,958 4,011 6 87,975 87,645 (330) (0%)
Contribution to Valuation Joint Board 1,309 1,309 1,309 0 0.0%
Capital Financing Costs 15,137 (294) (545) 14,298 14,298 0 0.0%
Interest on Revenue Balances (5,054) (761) 534 (5,281) (5,281) 0 0.0%
Net Contribution to/(from) Capital Fund 3,099 1,055 11 4,165 4,165 0 0.0%
Contribution to/(from) Insurance Fund 200 1,000 1,200 1,200 0 0.0%
Trading Operations Surplus (550) (550) 0 550 100.0%
Support Service External Income (2,153) (2,153) (2,153) 0 0.0%
Tayside Pension Fund 1,725 (70) 1,655 1,655 0 0.0%
Apprenticeship Levy 818 138 956 956 0 0.0%
Council Tax Reduction Scheme 6,200 6,200 7,350 1,150 18.5%
Discretionary Relief 1,104 1,104 1,104 0 0.0%
Net Expenditure (General Fund) 450,525 28,120 119 (139) (97) 478,528 477,355 (1,173) -0.2%
SECTION 3
Funding
Revenue Support Grant (239,627) (13,830) (1,530) (254,987) (254,987) 0 0.0%
Ring Fenced Grant (17,725) 0 (17,725) (17,725) 0 0.0%
Non Domestic Rate Income (60,754) (60,754) (60,754) 0 0.0%
Council Tax Income (103,914) (103,914) (104,114) (200) (0%)
Capital Grant (1,600) (30) 139 (1,491) (1,491) 0 0.0%
Total Financing (423,620) (13,860) (1,530) 139 0 (438,871) (439,071) (200) (0%)
Financed from/(returned to) Reserves 26,905 14,260 (1,411) 0 (97) 39,657 38,284 (1,373)
PERTH
&
KINROSS
COUNCIL GENERAL FUND
2023/24 REVENUE
BUDGET - SUMMARY
APPENDIX
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