Meeting documents
Cabinet
Wednesday, 7th December, 2005
Appendix 1
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Appendix A - Financial Implications of Free Bus Travel to the Council |
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Projected Expenditure for 2006/07 |
Note that Free Bus Travel for residents over 60 and disabled |
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residents is a new statutory obligation from April 2006 |
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Scenario A - If we keep the status quo and continue issuing Travel Tokens |
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Projected expenditure for 2006/07 |
£1,392,000 |
reimbursement of fares to operators |
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£20,000 |
bus pass issuing costs |
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£10,000 |
printing bus passes, forms and leaflet |
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£3,000 |
fee to Revenues and Benefits for issuing travel tokens |
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£330,000 |
in buying travel tokens |
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Total Projected Expenditure |
£1,755,000 |
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Projected Budget |
£880,000 |
current level of expenditure, adjusted for inflation |
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£770,000 |
indicative allocation by ODPM |
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Total Projected Budget |
£1,650,000 |
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Overall position |
-£105,000 |
projected deficit |
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Projected Expenditure for 2006/07 |
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Scenario B - If we discontinue issuing Travel Tokens |
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Projected expenditure for 2006/07 |
£1,472,000 |
reimbursement of fares to operators |
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£20,000 |
bus pass issuing costs |
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£10,000 |
printing bus passes, forms and leaflet |
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Total Projected Expenditure |
£1,502,000 |
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Projected Budget |
£880,000 |
current level of expenditure, adjusted for inflation |
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£770,000 |
indicative allocation by ODPM |
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Total Projected Budget |
£1,650,000 |
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Overall position |
£148,000 |
projected surplus for reallocation |
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