CLACKMANNANSHIRE COUNCIL REPORT TO PERFORMANCE AND AUDIT COMMITTEE

SIGNIFICANT TRADING OPERATIONS

SUMMARY
1. This report covers the performance of the Significant Trading Operations determined by the Council in accordance with the Local Government in Scotland Act 2003, which was approved by the Council in September 2005.
2. The figures show the annual budget, a Profiled Budget and an Actual Spend as at the 30^th September as well as a probable outturn for this year to the 31^st March 2007.
3. The budget target for the STOs is set centrally as an income figure to the general fund prior to any FRS 17 calculation. This figure was set at £205K(after SIMCO recharges) in the general fund.
4. The Significant Trading Operations are currently forecast to outturn (after SIMCO recharges) a £182K surplus for the year.
CONCLUSIONS
1. The summary paper shows that at the end of September the Significant Trading Operations are forecast to achieve their statutory break-even target.
2. In total, the summary shows a projected surplus on significant Trading Operation activities of £182K.
3. These figures have been agreed by the Contract Managers.

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Head of Finance

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Director of Corporate Development

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