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Hyndburn Council Underspend
Hyndburn council tax freeze ?likely? (From Lancashire Telegraph)
The Council predicts a 750,000 underspend on the current year, which puts it in a good position to face the savage cuts needed to meet government requirements in the next twelve months. I agree with Councillor Marlene Haworth that the position is due to good financial management, and officers deserve credit for that. The only problem with "vacancy management", whereby jobs that become vacant are not filled, is that frontline jobs dont get any protection. So a vital bin collection job is left unfilled, while a back room pen pusher is safe as long as he keeps his head down. ....and don't lets be fooled by the Leaders attempts to take any credit for zero council tax increases. That is a government dictat that no self respecting Conservative council will defy, and even if it did it would lose the first two and a half percent increase in reduced grant income. |
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Well at least something is right at HBC, but I'm sure Cllr Moss will be quick to point out that I'm wrong
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does that mean then the government will say £750,000 underspend .. mmm they dont need as much money in grants etc ..... and cut even more from hyndburns budget .....
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In Hyndburn's case, it seems the underspend has been achieved by careful monitoring of spending and taking every opportunity to make a saving if it became available. I think they'll be praised for that, rather than penalised. |
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I am sure there are lots of things they could do with £750k. Will it be used to pay off any debts or for projects/services/expenses?
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Personally speaking, I would be looking to reduce the amount of short-term debt we have by transferring to variable rate loans. Current predictions are estimating that interest rates will not hit 3% again before 2013 and we are paying over 4% interest at the moment on loans. We have an excellent gentleman in charge of finances at HBC but the amount currently sitting in reserves is amazingly small and I would be looking to boost that with any underspend. |
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What I will say is that the months up to the local elections in May will more than likely see a rash of 'good news' stories in The Observer dishing out large chunks of what is left instead of saving it. The spending which annoys me (and which the public doesn't get to know about) is the 'little' amounts of between a few hundred and a few thousand on meaningless things that are forgotten about immediately. I have asked for a comprehensive list of all spending from every department so that I can try to identify where savings could be made. It won't be much fun to read but I firmly believe that we could trim the excess without harming staff levels too much if we put our minds to it. |
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like 'community art'. |
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Well I can only agree with Eric Pickles that if they don't do it then they have something to hide
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I've just had the budget through and it's a fairly weighty tome but I will be asking questions about it. From a quick glance it seems that the main area of interest will be Policy and Corporate Governance. |
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