Finance Report

 

Annual Finance Report Expenditure Breakdown 2016/2017

Millfield First School - Budget Report 2016/2017
           
Budget Area Budget 2016/17 % Actual Spend 2016/17 % Comments
Revenue Balance B/F 118,853   118,853   Revenue Balance brought forward
Capital Balance B/F          
Income          
HCC School Budget Share: Revenue Income 1,070,020 98% 1,081,767 97% Additional funding was received for Special Educational Needs support, additional Nursery pupils additional universal free school meals income.
Trips & Visits Income     8,188 1%  
Local Income, including donations, insurance, bank interest, hirings etc. 83,872 7% 118,610 10% Includes bank interest, hirings, student placement income, swimming income, clubs income, donations, insurance claims and Little Stars income.
Capital Income 6,705 1% 6,705 1%  
Total Income 1,160,597 100% 1,215,270 100%  
           
Expenditure          
Staffing & Related Costs 963,844 78% 970,014 76% Staffing contract changes, pay award and additional special needs support
Administration & Professional Costs 24,325 2% 28,958 2% Additional counselling support
Catering Costs 56,256 5% 59,254 5%  
Learning Resources 36,025 3% 44,603 3% Additional learning resources
Trips & Visits Expenditure     9,882 1% Day visits & journeys largely covered by parently contributions above.
ICT Learning Resources 21,883 2% 21,737 2%  
Premises Costs, incl. Maintenance, Energy etc. 75,490 6% 68,072 5% Savings in energy, water consumption and tree surgery,
Capital Expenditure 56,705 5% 75,968 6% Development of offices and replacement boiler
Total Expenditure 1,234,528 100% 1,278,488 100%  
Balance C/F 44,922   55,635   The Approved Budget projected an end of year revenue balance of £44,922. The actual balance was £55,635.