PAPER D

Ryde Town Council

Budget Monitor

Period ending 28/02/22

1. Finance Committee - Administration

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Comments

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Income

Precept

4000

1,209,567.00

Bank Interest

4100

1,026.92

5.57

4.47

1,036.96

2,000.00

963.04

annual interest paid in Mar

Total

1,210,593.92

5.57

4.47

1,210,603.96

1,211,567.00

963.04

Expenditure

Salaries RTC

5000

187,162.38

25,983.44

17,611.16

230,756.98

279,800.00

49,043.02

Employers NI

5001

12,721.23

2,186.68

1,438.72

16,346.63

19,400.00

3,053.37

Pension Contributions

5002

40,292.23

4,982.02

4,101.06

49,375.31

44,900.00

4,475.31

Payroll Admin

5003

1,228.50

128.50

122.00

1,479.00

1,500.00

21.00

Mileage allowances

5004

HR Services

5005

8,910.00

990.00

10,890.00

12,900.00

2,010.00

Kickstart Placements

5006 -

4,784.34

2,738.15

716.39

2,762.58

2,010.00

4,772.58

Kickstart Administration

5007 -

794.46

360.00

1,154.46

Salaries reserve

5008

30,697.28

10,001.20

40,698.48

41,135.00

436.52

Total

275,432.82

37,008.79

33,187.75

345,629.36

401,645.00

56,015.64

2. Finance Committee - Overheads

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Comments

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Expenditure

IT Support

6000

6,499.97

789.40

482.80

7,772.17

8,500.00

727.83

Training

6001

2,278.59

400.00

180.00

2,858.59

2,000.00

858.59

Broadband and phone services

6002

2,582.88

346.48

586.69

3,516.05

4,000.00

483.95

General Admin and Supplies

6003

14,244.20

2,104.91

1,904.31

18,253.42

20,000.00

1,746.58

Member Computer Supplies

6004

200.00

Official Notices

6005

561.60

165.60

207.00

934.20

2,000.00

1,065.80

Audit

6006

2,300.00

Subscriptions

6007

256.93

2,761.16

580.00

3,598.09

2,000.00

1,598.09

Insurance - RTC

6008

4,109.18

4,000.00

109.18

Professional Indemnity Insurance

6009

6,100.00

Website

6010

602.86

1,000.00

397.14

Meeting Room Hire

6011

810.00

1,200.00

390.00

Elections

6012

10,000.00

Total

50,346.21

6,567.55

3,940.80

60,854.56

63,300.00

2,445.44

3. Annual Grants

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Expenditure

No accrual made for

Community Connector

7000

30,000.00

20,000.00

10,000.00

previous year

New carnival Company

7001

5,500.00

Ryde Arts Festival

7002

5,000.00

Harp on Wight

7003

2,700.00

Aspire

7004

15,000.00

Community Rail Partnership

7005

2,000.00

Waterside Community Trust

7006

20,000.00

No accrual made for

Warmer Homes - previous year

7007

4,833.09

previous year

IOW Bus Museum

7008

7,000.00

The Footprint Trust

7009

8,000.00

Waterside Splashpool

7010

10,000.00

Appley Tower

7011

40,000.00

Total

98,033.09

135,200.00

37,166.91

4. Community & Marketing Grants

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Expenditure

Community grants

7012

13,839.00

550.00

14,389.00

21,000.00

6,611.00

Marketing Grants

7013

15,000.00

Classic Car Show

7014

3,342.60

5,000.00

1,657.40

Wight Wave

7015

8,000.00

D - 1

Total

25,181.60

550.00

25,731.60

49,000.00

23,268.40

5. Town Marketing

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Expenditure

Newsletter

6013

3,325.00

375.00

4,075.00

8,000.00

3,925.00

Town Marketing

6014

8,759.47

1,597.22

675.24

11,031.93

29,000.00

17,968.07

Total

12,084.47

1,972.22

1,050.24

15,106.93

37,000.00

21,893.07

6. Events

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Expenditure

Mayors Honararium

6015

100.00

Memorial Wreath

6016

39.97

300.00

260.03

Ryde in Bloom

6017

87.74

1,500.00

1,412.26

Total

227.71

1,900.00

1,672.29

7. Facilities & Assets

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Income

Allotments

4200

8,476.71

50.00

8,576.71

7,800.00

776.71

Total

8,476.71

50.00

8,576.71

7,800.00

776.71

Expenditure

Countryside Sites

7101

10000.00

10,000.00

Appley Steps

7102

200.00

Beach Safety

7103

21500.00

21,500.00

Lifeguard Station

7104

1635.00

1,635.00

1,200.00

435.00

Beach Cleaning

7105

34621.49

82.93

34,787.35

40,000.00

5,212.65

Additional Summer Bin Collections

7106

3,000.00

Allotments

7200

7993.96

12.04

60.44

8,066.44

15,000.00

6,933.56

Decorative Lighting

7201

24739.36

24,739.36

25,000.00

260.64

Environment Officer

7202

5767.00

5,767.00

17,300.00

11,533.00

Flagpole

7203

200.00

Town Planting & watering

7204

31574.27

31,574.27

34,100.00

2,525.73

Island Games Water Feature

7205

200.00

Park services

7206

13322.47

13,322.47

38,300.00

24,977.53

Playground Equipment

7207

24000.00

24,000.00

Public Conveniences

7208

50938.37

8,162.33

1,982.27

61,082.97

72,000.00

10,917.03

Skatepark

7209

12158.34

52.88

933.68

13,144.90

20,000.00

6,855.10

Total

238,250.26

8,310.18

3,059.32

249,619.76

322,000.00

72,380.24

8. Lind Street Offices

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Expenditure

LS Rent

7600

21386.72

21,386.72

24,200.00

2,813.28

LS Business Rates

7601

4141.70

4,141.70

4,200.00

58.30

LS Utilities

7602

1093.42

231.73

512.20

1,837.35

3,500.00

1,662.65

LS Cleaning

7603

1952.25

106.00

466.24

2,524.49

4,000.00

1,475.51

LS Facilities Management

7604

4084.34

444.40

4,528.74

5,000.00

471.26

Total

32,658.43

337.73

1,422.84

34,419.00

40,900.00

6,481.00

9. St Thomas' Chruch

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Expenditure

ST Electric

7300

240.68

204.30

444.98

1,000.00

555.02

ST Insurance

7301

1000.00

1,000.00

ST Renovations

7302

3997.50

640.00

4,637.50

9,303.00

4,665.50

ST Business Rates

7303

1,700.00

ST Water

7304

1,000.00

ST Loan repayments

7305

6087.92

6,087.92

12,175.84

12,200.00

24.16

Total

11,326.10

6,932.22

18,258.32

26,203.00

7,944.68

10. Vectic Hall

D - 2

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Expenditure

VH Security

7400

357.74

36.00

393.74

1,000.00

606.26

VH Insurance

7401

1000.00

1,000.00

VH Repairs

7402

1758.40

1,758.40

VH Loan Charges

7403

0.00

Total

3,116.14

36.00

3,152.14

2,000.00

1,152.14

11. Network Ryde

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Income

NR Grant Income

4400

1,830.88

2,000.00

169.12

Total

1,830.88

2,000.00

169.12

Expenditure

NR Salary

7500

78,605.13

8,858.16

5,459.91

92,923.20

95,723.00

2,799.80

NR Pension

7501

12,067.49

1,216.52

755.43

14,039.44

22,700.00

8,660.56

NR Rent

7502

7,312.50

812.50

8,937.50

9,800.00

862.50

NR National Insurance

7503

4,341.37

612.25

402.12

5,355.74

8,500.00

3,144.26

NR Utilities

7504

2,237.17

4,000.00

1,762.83

Duke of Edinburgh

7505 -

235.78

941.69

705.91

6,000.00

5,294.09

NR Cleaning and waste removal

7506

2,464.68

320.25

270.25

3,055.18

3,000.00

55.18

NR Insurance

7507

6,152.07

6,300.00

147.93

NR General Admin

7508

4,502.76

59.99

721.33

5,164.10

10,377.00

5,212.90

NR Rates

7509

11,907.08

11,900.00

7.08

IT Support/Equipment

7510 -

1,227.53

124.12

293.94

809.47

2,700.00

3,509.47

NR Food/ Drink

7511

825.84

135.43

100.39

1,061.66

2,000.00

938.34

St Thomas Kit Out

7512

7,000.00

NR Allotment

7513 -

4,459.77

39.73

987.90

3,432.14

Kickstart Admin

7514 -

1,955.33

NR Kickstart Placements

7515

1,606.64

122,537.68

12,058.97

12,352.10

146,948.75

190,000.00

43,051.25

12. Acquisitions & Commercial

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Income

Beach Hire Equipment

4300

5,817.89

25,000.00

19,182.11

Total

5,817.89

25,000.00

19,182.11

Expenditure

Seed Funding

8000

48,785.39

1,137.51

672.38

50,595.28

50,000.00

595.28

Beach Hire Equipment

8001

7,065.50

1,050.00

8,115.50

10,000.00

1,884.50

Ryde Theatre

8002

31,100.00

Ryde Harbour Acquisition Reports

8003

7,473.10

438.34

1,314.12

9,225.56

15,000.00

5,774.44

Total

63,323.99

2,625.85

1,986.50

67,936.34

106,100.00

38,163.66

13. Planning & Regeneration

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Expenditure

Public realm

8100

10,214.76

25,000.00

14,785.24

Planning

8101

1,039.33

10,000.00

8,960.67

Greening Ryde

8102

5,000.00

Total

1,039.33

10,214.76

11,254.09

40,000.00

28,745.91

14. HAZ

Brought

Annual

Forward

Actuals

YTD Actuals

Budget

Variance

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

Expenditure

Salary Recharge

8200 -

85,505.78

5,594.34

20,000.00

14,405.66

St Thomas Church

8201

844.16

Community Engagement

8202

4,204.81

7,000.00

Public Realm 1-3

8203

17,270.78

38,000.00

Public Realm 4

8204

10,000.00

Union Street Link

8205

Shopfronts Ryde

8206

10,000.00

Design Guide

8207

3,125.00

5,000.00

1,875.00

Feasibility

8208

10,000.00

Cultural Consortioum

8209

57,285.00

D - 3

Old Packs Store

8210 -

23,840.00

St Mary's Church

8211

Total

29,741.03

8,719.34

100,000.00

91,280.66

Total Income

1,226,719.40

55.57

54.47

1,226,829.44

1,246,367.00

19,199.32

Total Expenditure

903,816.80

76,363.51

75,969.65

1,085,890.99

1,515,248.00

429,357.01

Reserves Statement

Brought

Forward

Reserves Spend

YTD Spend Held

Remaining

Description

Code

Dec-21

Jan-22

Feb-22

Mar-22

General Reserves BF

6018 -

109,804.89

1,000.00

110,804.89

390,221.15

501,026.04

Capital Expenditure

7306

14718.50

- 12,960.00

1,758.50

87,053.00

85,294.50

Youth Support - EM Reserves

7516

95.58

14,000.00

13,904.42

HSAZ

27,000.00

Total

94,990.81

1,000.00

- 12,960.00

108,950.81

518,274.15

627,224.96

D - 4