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Paper 10 - 24 September 1999 Meeting

ASSOCIATION OF HAMPSHIRE AND ISLE OF WIGHT LOCAL AUTHORITIES

24 September 1999

CLOSING THE ACCOUNTS FOR 1998/99

Report by the Policy Manager

RECOMMENDATION

It is recommended that the Statement of Accounts for 1998/99 shown in Annex 2 be approved subject to the report by the Honorary Auditor.

SUMMARY

The accounts show a continuing underspend and justify the decision at the Annual Meeting in June 1999 to reduce subscriptions for the current year.

ANALYSIS

1. An analysis is shown in Annex 1. The main expenditure of the Association relates to the employment of one full time and one part time member of staff. Last November, HIOW agreed permanent contracts for these staff. Minor variations occurred between revised budget and outcome, and overall there was an underspend. The Association ended the year with reserves of just over 22,000. These consist of an original reserve handed on by the former ADC Branch plus accumulated underspends.

THE FUTURE

2. Expenditure in the current year appears to be well within budget, and a full monitoring report will be brought to the January meeting of HIOW (the financial year runs from June to May). At that time we will again be looking at a reduction in subscription now that Hart has become a full member.

3. One change as a result of the handover of Secretaryship from Eastleigh to Test Valley is that the Personal Assistant, Diane Allen, now takes HIOW minutes. This could lead to a financial saving for the Association in the current year, and will be reviewed in January.

NICK GOULDER 
Policy Manager

NOTE: Annexes available on request

Last update: 12/10/2000
Author: Nick Goulder, Policy Manager

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